In 42 days we:
1. Had 2,400+ Sign-ups
2. Hit $28,000+ MRR
3. $1m+ Acquisition Offers
You are going to build a "Micro-SaaS" and sell it for $1m💰
Want to make $1,000,000 in a year?
A tangible, step-by-step roadmap 👇
In 42 days we:
1. Had 2,400+ Sign-ups
2. Hit $28,000+ MRR
3. $1m+ Acquisition Offers
You are going to build a "Micro-SaaS" and sell it for $1m💰
This thread is going to be LONG but...
I promise that if you TAKE ACTION with this info you will change your life.
I'm not some guru trying to sell you a "magic formula" - this will take hard work.
Save it, study it and share with friends.
Let's get to work ✅
This is not about making $1m in revenue or profit.
This is about EQUITY 💰
Here's how it works:
$15,000 Monthly Profit
x 12 Months
= $180,000 Annual Profit
x 5-6 exit multiple
= $1,000,000 Acquisition
Equity = Leverage 🔑
🔥 Customers come first, ideas come after.
Ideal Customers: PROSUMERS
Examples:
👉 Shopify Owners
👉 Content Creators
👉 New Entrepreneurs
👉 Agency Owners
They are highly motivated to succeed and willing to INVEST in their success.
At the CORE, prosumers want 2 things:
1. To Make More Money
2. To Get More Attention
They don't necessarily care about HOW this happens.
They want to spend money on tools, resources, etc to turn their DREAM into a REALITY.
🔥 UNDERSTAND THIS.
The priority here is to keep it SIMPLE.
One Problem 👉 One Solution
You don't have to build the next Facebook to make $1,000,000 ❌
Example:
Shopify owners struggle to find influencers to promote their brand.
Idea: influencer discovery tool
Your primary goal is to understand the problem a group of people is experiencing and create a TOOL to help them achieve their desired outcome.
📍 Point A --> 📍 Point B.
Here's some more tips for finding ideas 👇
https://t.co/mMu0jWXTq8
How to never run out of profitable business ideas.
— Samuel Thompson \U0001f97d (@ImSamThompson) April 15, 2021
1\u20e3 Find Real Problems To Solve
2\u20e3 Connect With Your First Customers
3\u20e3 Make Money Faster
A THREAD \U0001f9f5\U0001f447
Prosumers have less disposable income which means they want an affordable solution to their problems.
Your goal is to create a service that you can sell for less than $100/month.
Our average subscription was ~$60/month
Prosumers are also less willing to "throw money away" on new things.
The easiest way to boost sign-ups is offering a free trial.
Offer 7 days for free.
🔥 REQUIRE CREDIT CARD TO START.
Fewer trial sign-ups but better conversion rates from trial to paying user.
You are building a VEHICLE for value delivery.
Databases
Chrome Extensions
Dashboards
Automations
...you have options
Answer 1 question:
What is the simplest way to deliver value?
Here's a VEHICLE I built in 2 hours + $100 👇
https://t.co/NAq620m6ue
A thread \U0001f447\U0001f3fb
— Samuel Thompson \U0001f97d (@ImSamThompson) December 5, 2020
live tweet everything as I build a brand new company in the next 2 hours and launch Facebook ads tonight
You don't have to be a developer or pay $10,000+ to build a valuable SaaS product.
Here are a few fast & cheap ways to start:
No-Code: @webflow, @bubble, & @AdaloHQ
Templates: @codecanyon & @envato
Affordable Devs: @Upwork & @toptal
Don't overcomplicate it.
GROWTH 🚀
There are so many ways to grow your business.
🔥 Cold Email
🔥 TikTok
🔥 Quora
🔥 Podcasts
and the list goes on....
But one strategy BEATS them all 👇
Facebook Ads.
Your customers are CONSUMERS FIRST meaning they can be targeted on Facebook and Instagram.
Here's a full breakdown 👇
https://t.co/sWhTUVQGkR
The easiest way to grow your SaaS to $100,000 in less than 6 months....
— Samuel Thompson \U0001f97d (@ImSamThompson) May 27, 2021
\u2705 Facebook Ads.
That's it...
\u274c No Personal Brand
\u274c No Email Lists
\u274c No Blog Posts
Here's how we did it \U0001f9f5\U0001f447\U0001f3fb pic.twitter.com/yRIOESUJoQ
And it's more than just acquiring users at the top of your funnel.
It's about build a GROWTH SYSTEM that helps you turn cold traffic into loyal customers.
Here is a full explanation of growth marketing 👇
https://t.co/z89bQ2cM9T
What the **** is "growth" marketing???
— Samuel Thompson \U0001f97d (@ImSamThompson) May 17, 2021
Here's an in-depth overview to help you rethink how you can grow your online business faster.
\U0001f447 A THREAD \U0001f447 pic.twitter.com/TSYyxCQJD8
Keeping a customer is cheaper than finding a new one.
Lead with product value + good customer service
Whoever is going to buy your company wants to see that your customers keep paying you over time.
Let's review the math:
500 users x $40/month
= $20,000 Revenue
- $5,000 operating expenses
= $15,000/month profit
x 12 months
= $180,000 Annual Profit
x 5-6 exit multiple
= $1,000,000 Acquisition ✅
1⃣ BENEFITS > FEATURES: Sell the WHY not the HOW
2⃣ Focus on customer problems and your offer first, then build the solution
3⃣ White-Label ≠ Big Exit - you won't get the multiple when you try to sell the business
More tips 👇
https://t.co/EGDi032Wff
Want to build a successful SaaS company?
— Samuel Thompson \U0001f97d (@ImSamThompson) May 4, 2021
Here are 9 things you NEED to know.
A thread \U0001f9f5\U0001f447
Here are the best people to follow 👇
@SaaSWiz
@SimonHoiberg
@David__Flynn
@RandallKanna
@volodarik
@kellylions
@oktuned
@nikita_builds
@SaasSavant
@jones_spencera
@Natalie_Furn
@dr
Here are the best people to follow 👇
@heyblake
@coreyhainesco
@amandanat
@wizofecom
@social_savannah
@JamesonCamp
@elisegraham
@lovevalgeisler
@ecomchasedimond
@MarketingMax
@MightyFineCopy_
@iamshackelford
@MissBeeBright
Here are the best people to follow 👇
@agazdecki
@tylertringas
@Kevin_McArdle
@chriswreedy
@myfriendjanine
@jonhainstock
@arvidkahl & @SimpsonDaniK
@noahwbragg
@Shpigford
@Codie_Sanchez
@jaimeschmidt
@c_gro
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The entire discussion around Facebook’s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when.
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
The story doesn\u2019t say you were told not to... it says you did so without approval and they tried to obfuscate what you found. Is that true?
— Sarah Frier (@sarahfrier) November 15, 2018
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
Joe Rogan's podcast is now is listened to 1.5+ billion times per year at around $50-100M/year revenue.
Independent and 100% owned by Joe, no networks, no middle men and a 100M+ people audience.
👏
https://t.co/RywAiBxA3s
Joe is the #1 / #2 podcast (depends per week) of all podcasts
120 million plays per month source https://t.co/k7L1LfDdcM
https://t.co/aGcYnVDpMu
Independent and 100% owned by Joe, no networks, no middle men and a 100M+ people audience.
👏
https://t.co/RywAiBxA3s
Joe is the #1 / #2 podcast (depends per week) of all podcasts
120 million plays per month source https://t.co/k7L1LfDdcM
https://t.co/aGcYnVDpMu
1/ Some initial thoughts on personal moats:
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.
Like company moats, your personal moat should be a competitive advantage that is not only durable—it should also compound over time.
Characteristics of a personal moat below:
I'm increasingly interested in the idea of "personal moats" in the context of careers.
— Erik Torenberg (@eriktorenberg) November 22, 2018
Moats should be:
- Hard to learn and hard to do (but perhaps easier for you)
- Skills that are rare and valuable
- Legible
- Compounding over time
- Unique to your own talents & interests https://t.co/bB3k1YcH5b
2/ Like a company moat, you want to build career capital while you sleep.
As Andrew Chen noted:
People talk about \u201cpassive income\u201d a lot but not about \u201cpassive social capital\u201d or \u201cpassive networking\u201d or \u201cpassive knowledge gaining\u201d but that\u2019s what you can architect if you have a thing and it grows over time without intensive constant effort to sustain it
— Andrew Chen (@andrewchen) November 22, 2018
3/ You don’t want to build a competitive advantage that is fleeting or that will get commoditized
Things that might get commoditized over time (some longer than
Things that look like moats but likely aren\u2019t or may fade:
— Erik Torenberg (@eriktorenberg) November 22, 2018
- Proprietary networks
- Being something other than one of the best at any tournament style-game
- Many "awards"
- Twitter followers or general reach without "respect"
- Anything that depends on information asymmetry https://t.co/abjxesVIh9
4/ Before the arrival of recorded music, what used to be scarce was the actual music itself — required an in-person artist.
After recorded music, the music itself became abundant and what became scarce was curation, distribution, and self space.
5/ Similarly, in careers, what used to be (more) scarce were things like ideas, money, and exclusive relationships.
In the internet economy, what has become scarce are things like specific knowledge, rare & valuable skills, and great reputations.