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4 Comments

Software Ideas September Metrics ($5.5k MRR)

Every month, I want to post and recap some of my KPIs for Software Ideas.

MRR

September 1st: $3,706 MRR
October 1st: $5,544 MRR

User churn

September 1st: 1%
October 1st: 1.1%

Email list -> paid member conversion rate

September 1st: 8.8%
October 1st: 10.5%

You can find a number of my other metrics available publicly here

Thoughts:

I was incredibly busy this month. I moved states (NC to FL), and it was all I could do to keep up with the newsletter. The fact that the conversion rate is increasing is amazing, but it did mask a decline of new people I was able to reach.

The goal for August was to expand out to try a number of new channels, but due to the tight schedule I had to put that on hold, for the most part.

Based on that, here are my goals for August:

  1. Get conversion rate to 12.5% (which would be double my original conversion rate from the start of the project)

  2. Explore the following channels: Referral program, podcasts, SEO, and content marketing.

  1. 2

    Impressive growth! Where did it come from?

    1. 2

      Thanks! Word of mouth, Twitter, IH, some newsletter sponsorships, some podcasts, some referrals!

      I currently have a grab bag of channels I'm investigating to see what drives the best results. I'll have more clear answer on this over the coming months!

  2. 1

    Really impressive, especially your super low churn and high conversion rate!
    Wish you all the best!

    1. 1

      Thanks! We'll find out what the real numbers look like this month, when people's subscriptions are up for renewal.

      Still, looks promising so far!

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