$30k in ARR and live on PH
by Stan RymkiewiczSo we just crossed $30k in ARR and today we're launching on Product Hunt. The last 3 months was an awesome journey. We went from $0-$30k in ARR.
Few things I've learned:
-
If can show traction more talent will help you on your journey. No one wants to work for a company that isn't growing fast.
-
Stuff just takes a lot more time than you think. It's pretty obvious - I know. My rule: 3X the time I think it will take and see if this worst-case scenario works for me.
-
Focus on sales. If you want revenue and users it's easier to fix other parts of your startup.
Show some love on PH here: https://www.producthunt.com/posts/orapa
-
2
Stupid question but, how do you know you have Annual Recurring Revenue when you are in business for 3 months though?
-
5
Maybe that's just me but an ARR is only meaningful if it is P12M, or at the very least P6M*2 , anything else is wishful thinking. Lots of businesses have seasonality effects, early adopters peak, market saturation, to just take last month and multiply it by 12.
-
1
Exactly! Thanks for articulating this out for me..
-
-
2
Extrapolated his monthly revenue
-
1
I track ARR since I was selling yearly subscription in the first couple of weeks, so it's easier to see progress. My ARR is just a projection of how much my revenue would be if it stayed the same for the next 12 months.
-
1
I see. Congrats on your accomplishment so far!
-
-
-
1
This looks exciting!
Quick question... what's the motivation for the companies to get listed and get pitched to?
They're actively looking to buy a solution? Like they'd sign up to bounty hunt for the right SaaS/agency?
Upvoted on PH :)
-
1
Just upvoted; congrats on the launch!
-
1
Upvoted, all the best!
