August 3, 2020

Update 3: Nearly reached our target at €1089 MRR

Jochem Gerritsen @jochemg

After refocussing my attention on revenue as our main metric, and our mastermind groups as our main way to acquire revenue, we reached contracts/verbal agreements to the tune of €1089 MRR!

1) What did we work on last week?

✅ I set a primary metric (MRR) and refocussed on talking to users and working on our main product. This led to 4 participants for one mastermind group, and 5 for another, which I'm very content with. These mastermind groups are the main driver of our growth, and we nearly reached our target of €1120 MRR!

✅ We had a good meetup on digital nomadism — 11 people bought a ticket, which led to €44 in revenue. However, considering our re-focus on things that truly matter, we'll leave these meetups be for now (too much effort for too little revenue)

✅ We also had a good second session for one of our currently running mastermind groups. The entrepreneurs participating were very content.

2) What are we working on this week, and what are our goals?

  • Getting our new mastermind group for International Founders up and running

  • Selling our new mastermind group for freelancers to at least 3 entrepreneurs

  • Make our Slack users more engaged — focus on 3 different channels within our Slack server that we want to grow.

  • €1250 in MRR ($1468)

Today's Top Milestones
  • Happy moment - Got our first paid customer 🎉🎉
    As an indie hacker with 0% investment and 100% expertise, you would be able to empathize with why am I so happy. A few months ago, I started Micro Saa
  • $500 in sales after 2.5 months for TailwindCSS lib
    It took 2 months and 10 day after beta release of Zukoni UI library to reach $500 in sales. While that is not a significant number in terms of money b
  • Finished MVP
    After about 2 months I've finished building the MVP for textreel. I mainly worked on this in the evenings but managed to make pretty good progress. In
  • 🍾 First Response & Second Sale
    What a day, I got a response from my first customer in the meantime, second sale happened. I sold a bundle which includes both August and September da
  • $500+ this month
    Pandemic Times! Work from home! Having a micro mindset is important. I micro everything and offer some services to my customers doing Branding & Marke
  • Development started
    This isn't the exact date, but we started in May. The idea was around for a long time, but this time we decided that it worth trying to be a serious p
  • Let's start promotion
    I obviously won't do paid advertising with 0 users, but these are the things I came up with to get traction: - Medium articles about specific coding c
  • v0.9.0
    There were a lot of versions in between this and the MVP, so this is an aggregation of the changes: Huawei / non-GMS support - App is now fully compat
  • My first dollar on the Internet 💵
    This week I made my first dollar on the Internet without expecting it. I was writing an e-book about how to not waste your time on Twitter becaus I ha
  • 1 year in
    https://soundssphere.com/blog/10-lessons-from-a-first-time-founder/ Here are the 10 most impactful things I've learned as a founder after 1 year runni