There are a *lot* of software shops in the world that would far rather have one more technical dependency than they'd like to pay for one of their 20 engineers to become the company's SPOF expert on the joys of e.g. HTTP file uploads, CSV parsing bugs, PDF generation, etc.
On a serious note, it's interesting to observe that you can build a decent business charging $20 - $50 per month for something that any good developer can set up. This is one of those micro-saas sweet spots between "easy for me to build" and "tedious for others to build"
— Jon Yongfook (@yongfook) September 5, 2019
A consulting shop delivering a $X00k engagement for an internal system, a SaaS company doing something custom for a large client or internally facing or deeply non-core to their business, etc.
More from Patrick McKenzie
If everyone was holding bitcoin on the old x86 in their parents basement, we would be finding a price bottom. The problem is the risk is all pooled at a few brokerages and a network of rotten exchanges with counter party risk that makes AIG circa 2008 look like a good credit.
— Greg Wester (@gwestr) November 25, 2018
The benign product is sovereign programmable money, which is historically a niche interest of folks with a relatively clustered set of beliefs about the state, the literary merit of Snow Crash, and the utility of gold to the modern economy.
This product has narrow appeal and, accordingly, is worth about as much as everything else on a 486 sitting in someone's basement is worth.
The other product is investment scams, which have approximately the best product market fit of anything produced by humans. In no age, in no country, in no city, at no level of sophistication do people consistently say "Actually I would prefer not to get money for nothing."
This product needs the exchanges like they need oxygen, because the value of it is directly tied to having payment rails to move real currency into the ecosystem and some jurisdictional and regulatory legerdemain to stay one step ahead of the banhammer.
More from Startups
The stuff you can do in a year is seriously astounding 👇
👉 @TransistorFM reaching $22k MRR in one year: https://t.co/BuKmXEeEtH
I was one of their first customers and the progress @mijustin and @jonbuda have made working mostly part-time has been crazy.
Now both are full-time. Follow them on @buildyoursaas
👉 @talk2oneup reaching $10k MRR in one year: https://t.co/SOoGkKA19r
@daviswbaer joined as a co-founder and through many different marketing tactics, pricing changes, and product updates, they've managed to carve out a niche market in a really competitive industry.
👉 @hostifi_net $9k MRR in one year: https://t.co/TknroGZWoK
After getting fired from his full-time job, @_rchase_ embarked on a year focused on building products to replace his salary in a year.
The dude seriously SHIPS and even took investment from @earnestcapital
1/ "Hardcore Year" (https://t.co/cjx7HfGeEK)
— Reilly Chase\u2601\ufe0f\u2601\ufe0f\u2601\ufe0f (@_rchase_) July 31, 2019
MRR in July:
\u2593\u2593\u2593\u2593\u2593\u2593\u2593\u2593\u2593\u2593\u2593\u2593\u2593\u2593\u2593\u2593 $9,109 of $8,333 goal (109%)
Totals@hostifi_net $8,463@ghostifi_net $361@locklinnetworks $125@captifi_net $147@patreon $13
I reached my goal for the year! \U0001f942\U0001f37e
Details in thread \U0001f447 pic.twitter.com/cUEeiADDAk
👉 @ClosetTools $11k MRR WHILE WORKING FULL-TIME AND WITH A FAMILY: https://t.co/pKQ7pFvpZY
With a strong product, continuous improvement, and SEO, @unindie has really been inspirational.
There are no excuses.
This year is flying by. How am I doing a July report already? Here it is: Closet Tools' July open stats:
— Jordan O'Connor (@unindie) August 1, 2019
MRR: $11106.28 (+11.43%)
Organic Search: 3958 (+20.45%)
New Trials: 154 (-8.33%)
Less trials, more revenue (churn is going down!). The focus for July was feature stability. pic.twitter.com/4YRpkPvKxo
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