Today's the day I'm closing down my profitable side-project - Maker Threads 😮
After two years of building, this was my first product that had ever generated revenue. So why shut it down?
My thoughts, reflections, and future plans below 👇
1️⃣ In my eyes, Maker Threads has been a huge success 🎉
It took me two years to generate my first dollar online. When I created Maker Threads, the product was profitable from day one (more on this here).
I remember feeling so accomplished and determined to turn this into a real business.
2️⃣ As a maker, this product helped me prove to myself that I knew how to quickly validate an idea, build something of value, then source a distribution channel.
At a time when I'd questioned my capabilities, Maker Threads gave me a much needed confidence boost 🙌
3️⃣ So why shut it down?
To be frank, I have another product that's prevailed with more potential and opportunity.
Creating no-code resources has never been more lucrative, and it'll only continue as the whole industry grows 📈
In just one month, my new product has already exceeded Maker Thread's monthly revenue 🚀
This product solves a genuine pain point that customers are willing to pay for, whereas Maker Threads was only something that was nice to have.
5️⃣ But why not focus on both?
Although Maker Threads didn't require a great ordeal of my time, I truly believe you should focus your attention on doing one thing well.
While others are capable of working across multiple products, I personally know that I'll work best when I'm dedicated to a single goal.
I'm slowly learning that the best superpower to have as a maker is experience. While advice is helpful, experience is unparalleled.
Two years ago, I was the kind of maker that was working across three different products in the hope that one would gain traction.
After knowing first-hand where this path leads to, I won't waste a second repeating this mistake...
6️⃣ The end result 💰
Over the period of 6 months, Maker Threads generated a total of $2,539 in revenue, with a profit of $513 after all expenses.
Just one and half months in, my new product has reached $1,600 revenue, with $905 in profit.
7️⃣ I wanted to give a massive shoutout to everyone who had ever purchased some Maker Threads swag, shared a tweet, or even just sent a message of support 💕
While I'm sad to move on from the product, I'm ecstatic about what lies ahead over the next few months 🚀
If you were interested in following my journey, I'd recommend checking out my Twitter.