32
20 Comments

Reached $3000 MRR

Feels good to reach this milestone especially in a traditionally slow month. But I had quite a few churned customers (including delinquent churn) in the last 30 days. So there's still a leaky bucket issue to fix.

My costs are also going up as I am strictly focusing my coding energy on building the core IP, which means if I need a SaaS service that's outside my core, I just buy it no questions asked. (whereas previously I might have duct-taped my own mini version together)

And here's my weekly bang-the-drum session on investing long term in your product 😅 off the back of some interesting analysis from another IH user @chr15m about the alarmingly small (as a proportion of total userbase) amount of verified solo founder products above $2k MRR on IH.

  1. 3

    Congrats man! Funny enough I had the same realization as you after I hit the $3,000 mark. I had hodgepodged together so many solutions to save cost, but they were never as good as the existing tools out there. I spent 80 hours building a CRM, that time would've 100X been better spent actually working on the project.

  2. 2

    Congratulations!

  3. 1

    Well done!

    At this point you can definitely afford buying existing tools rather than building them themselves.

  4. 1

    Congrats! I didn't see that tweet, but makes me feel a bit better at the $1,700 mark.

    I didn't realize so few were over $2k (or at least not reporting it).

  5. 1

    That's crazy. I didn't know the numbers were so low. Only 1% above 2K MRR? I thought majority of people were making that... I was wrong!

  6. 1

    Congratulations!
    I have been following BannerBear journey. its so inspiring!
    I totally agree that it will be completely waste of time to try to replicate other people's results.

  7. 1

    Interesting post. I like the focus on building core IP, as you call it, and investing long term into it.

  8. 1

    Pumped to see this update. Killing it.

  9. 1

    Congratulations!!

  10. 1

    Congrats!

    Hope September will be better 👍

  11. 1

    Congrats Jon 👏

    which means if I need a SaaS service that's outside my core, I just buy it no questions asked

    Would you mind sharing some examples of things you recently opted to buy instead of build? Thanks!

    1. 6
      • affiliate program manager software
      • financial dashboard software
      • uptime monitoring software (I actually pay for TWO of these!)
      • and imminently, changelog software
      1. 2

        Yep, excellent list.

        I hadn't been doing this intentionally, but I'm now realizing that I've changed where I spend my time and am doing the same. This is probably driven by my lack of free time! And since it's such a precious commodity, I use it developing core aspects, and getting out the credit card to pay for everything else.

      2. 1

        Hey Jon, do you use any dashboard software for data other than financial? Monitoring the data in your database for instance

      3. 1

        Out of curiosity what financial metrics are the most important to you?

  12. 1

    Massive growth 🚀

    Congratulations

  13. 1

    This comment was deleted a year ago.

    1. 1

      i think you can just take a look at previous milestones for some sense of that.

Trending on Indie Hackers
Share your product or landing page, and I'll give you product design advice 94 comments What did you work on this weekend? (Jan 15-16) 23 comments How do I transition from a wantrepreneur to an entrepreneur? 21 comments Copywriting Examples — The world's best copy. In one place. 13 comments Building a microsaas in public 9 comments Working towards an MVP 9 comments