Nice - you got a business doing 400k+ in revenue per yr, growing nicely. I'm sure someone would be willing to put down a few to several million if you ever sold. Keep it up.
Do you market mainly via word of mouth, pay per click, etc.? Seem like word of mouth based on the growth curve.
$400k/y not dropping tells me that you’re on to something pretty solid. Your business model has been more than validated. If I were you I would not sell at all unless it’s for 10x the money. Since it’s not possible :) I’d try to 10x my revenue if I were you. That might be doable. Hire people, build a team, scale from there! So much more interesting and rewarding.
40k revenue or profit? If it was rev then what was your profit (and vice versa)? And are you worried that the sort of initial wave of traffic will die down and you'll be left only selling a couple dozen shirts a week? I mean this sort of thing (to me) seems like it is an awesome effort at capitalizing on something that went viral, but how do you plan on sustaining (or even growing) these numbers?
I run something that has been going for about 8 years. I can't seem to break the 6 figure level but I haven't done any marketing yet. I'm currently trying to get better at this.
Thanks! Right now -- only direct sales via niche Facebook groups (SaaS lifetime discounts is an example), which was a great way to understand if our value proposition was interesting for our target market. This resulted in about ~$5k MRR.
We also did a little bit of content marketing (Reddit, Indiehackers) which resulted in ~$2k MRR. We should normally hit $10k MRR and will launch a v2 of the site pretty site (right now it is just a landing page that I created in 5 hours to launch ASAP & let the market decide if our productized service was worth it!)
I have a revenue of around $2500 for my productized SaaS SEO business with 20% profit margin. I sell SEO, Content and Graphic design service at a fixed rate of $599/month to SME's.
In this amount I provide 4000 words of content, 6 good quality graphics and few quality backlinks. Anything on top of this is a paid add-on.
I have hired a team of SEO Specialists, Content Writers and Graphic Designers. Most of my revenue goes in paying their salaries.
I found few takers(all dentists) of my service from Australia.
The best thing is that I have not even built any website or any FB, Instagram Page and still I am making this money through my old contacts.
I guess with my website launching in next few days, I should be able to sell even more and reach to around 100 customers in next year or two.
If you don't mind me asking I'm curious about the business side of this. I don't expect you to put any real numbers out here but can you make a living of this or is it something you do in your spare time? I would be great if you could elaborate on this a bit. Thanks!
I hope this is helpful, though maybe a little disappointing. You could get $50,000-$100,000 if you found the right buyer. Just maybe a good rule of thumb my help is somewhere between 2x-5x profit would be the sale price or ($48,000 to $120,000). Usually the 5x is from someone else in this space that wants the users/info.
You could wait until you get a 300,000 downloads a month and get a lot more, but it's harder to scale than one thinks.
I say keep growing it. The same intelligence that brought you this far, will get you further. Stay with it!
I also do the same as the author, but I only build websites with a clear monetization model. Every project I've done after my first successful one as been in an adjacent audience.
Doing roughly $700k revenue yearly right now over the 2 main projects. Hopefully with a 3rd coming this summer.
This space tends to be not tech saavy or sexy, but has a lot of dollars. Were you mostly collecting the leads and then selling them off to national buyers like QuinStreet etc? That seems to me like the only way to go from $0 to $1mm in a year. I have a lot more questions like how you deal with leads quality, if you were driving the traffic yourself (PPC, SEO, media buys, etc).
Do you market mainly via word of mouth, pay per click, etc.? Seem like word of mouth based on the growth curve.
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