Got accepted to AppSumo!!! 🎉
by nscodeYesterday I saw the great numbers @AndrewKamphey posted which stemmed from the exposure he got from AppSumo. That's when I decided to give it a shot and submitted my ebook to AppSumo.
It was a long shot as their acceptance rate is only around 5%.
I woke up today and saw an email from AppSumo's team, saying that I got accepted and they will list me! That's some awesome news to wake up to.
I assume it's due to my marketing effort and the great feedback I got from readers:
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Our website translation tool conveythis.com got accepted to AppSumo too...
Their pricing structure is very hard to match for SaaS startups which incur heavy 3rd party API costs. You will end up spending more than earning. They keep 70% of the profits.
So, we ended up going on our own and our business grew 100% organically since then. -
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I’m confused... they don’t just randomly accept you. There’s a whole long process and multiple meetings before they even bring you on or agree to even list you...
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I wouldn't call it random. I filled out the application form.
it could only happen because I was out there
(from my book)
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Im just saying that I've gone through their process (eventually rejecting to move further because of their 60% fee terms) but I was confused at what you said considering that there were 2 meetings, 3 beta tester periods of a week long, another meeting to discuss the contract, and then scheduling a date of launch before even getting the full go ahead to launch.
Unless there is a whole different process for ebook options versus a whole platform like we were. Lol.
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60%? Others have told me that AppSumo takes 70%. Are you sure it was 60%? I'm curious, just in case they negotiate differently for different deals.
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Have you ultimately launched an LTD with another platform? I'm currently in the same boat and really questioning about taking my product further with a LTD partner.
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yeah, I've launched three of our platforms on Dealify. The terms are VERY good. You get 70% payout for Dealify.
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Are you sure it wasn't THEM getting 70%? Others have told me they take 70%.
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Dealify: They take 30%... You take 70%.. Unless they are different with us since we launched 3 products there. But our agreement says we get 70% of the payout.
AppSumo takes 70% and you get 30% is what we were told. But yes, for Dealify we take 70.
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But the sales volume wouldn’t be as high as AppSumo I assume?
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I mean, I really wouldn't know since we never went on Appsumo. I think it depends on the product you're offering to be honest. I've seen some products on AS take dumps because they simply were not a good product overall. Even on Dealify side, we had great success on two of the three platforms and the third didn't do as good as we thought. But yeah, the sales alll comes down to your product. Keep in mind too with going on AS you're going to deal with a TON of support tickets. so if you are unable to keep up, the lack of support will also cause bad reviews and a lack of sales. So just be strategic with it. If you cant handle 1200 emails in the first week, it probably isn't a good fit.
This article is SUPER insightful: It's not our product but definitely brought some reality into the picture.
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Thanks for sharing. I'd like to learn about how your deal work out with Dealify, any way we can connect? Twitter maybe?
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You can email me: [email protected]
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AppSumo pricing structure sucks for SaaS companies.
One should to be really desperate to get listed on that platform.
They take more than 70% of your total sales volume and ask you to give a lifetime deal which is usually around 20% of what you'd charge per year.
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My product https://storycreatorapp.com was denied. I have 10 paying customers. What is your current traction?
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I think it was denied because they have an LTD running for "InVideo" for quite some time and it looks pretty similar to StoryCreator. If you’re still interested in doing an LTD, please shoot me an email.
I did TexAu LTD in the past and we generated around $431K from it.
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Not extremely different than yours, keep pushing mate, it's not about comparing but rather about focusing on your growth track and keep going in your lane. 10 is not zero, it's something to be proud of, and don't let denials keep you down :)
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Eff Yeah!
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Congratulations!
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Thanks!
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Why startups plan to go with appsumo, even if they charge 60% of fee. Most of cases appsumo asked to drop the product prices as well. Overall charge will here be more than 70%.
Is the only reason here is most of companies not able to make sales and let appsumo to do this work for them?
Your thoughts and feedback will be highly appreciated
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This is so amazing. Congrats.
Keep us posted with the kind of growth you have after this -
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Congrats!
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Thanks!
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Wow that is great 🎉 wondering how many people have filled the form after seeing this post, I just did it hahaha 😀
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I'm also curious :D
Should do a poll for this ;)
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Congratulations nscode! Wishing you continued to growth and success!
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Thank you for the kind words Joshua, wishing you these as well!
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Sorry I'm totally ignorant to this. What is appsumo and why is being acceptaged a big deal?
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appsumo have a huge following, check on google what is it. It's like deals site, because of a following they have they also take a lot of fees if you are accepted to be listed on there ( way too much in my opinion)
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Congrats!
Some small feedback on your description blurb:
"How an Hacker News post got me to accidentally launch on Product Hunt."
--> should be "a Hacker News post"
Cheers
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thanks!
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This is great! I remember reading your comment in the other thread.
So is it going to be listed as a deal or in the freebies section? -
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This comment was deleted 6 years ago.
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Thank you!
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