My Journey to $500k/mo with MicroSaaS Businesses

M4DM4X

Elite Member
Joined
Jan 21, 2015
Messages
1,758
Reaction score
884
like i said you can make money off insta off any niche you just need to scrape relevant info for your niche. A quick example https://www.instagram.com/bondnewyorkrealestate/?hl=en has 7k followers that's 7k leads ready for relators/house owners/ house sellers
7k followers is peanuts to profit from.
You'll find any niche on insta of course but not always worth it to spend time and money botting on this platform for an hypothetical ROI. Other platforms are way more profitable for some niches, including realtors.
 

proup24

Newbie
Joined
Aug 11, 2021
Messages
1
Reaction score
0
WOW, Really inspired. I'm new at Micro Saas and time is the big problem for me. It takes 3~4 month to release initial product but I will definitely try your quick MVP model and testing... Thanks
I suffer from the same problem. I like to work on big and ambitious projects but always get it done late, sometimes even walk away unmotivated. May I ask what stack you use developing your MVPs ?
 
Joined
Apr 20, 2021
Messages
34
Reaction score
14
Good question - it seemed to me we can go bigger. I felt totally ready and that's why decided to gear up.

Go on snoob, listening :)
Good luck on your journey! I'm currently making the same transition where I feel like the only thing limiting us is what we can conjure up in our minds. I can't conjure up a 500k MMR Micro-SaaS business though. But some future me will have his own big dream.
 

Ontealdon

Regular Member
Joined
Jun 13, 2013
Messages
313
Reaction score
299

Android2Top

Newbie
Joined
Oct 27, 2017
Messages
27
Reaction score
7
Thank your sir, such an inspiring post.
I have a question
How much time it take on average if I want to build a Shopify app until its generate like $3K/M
I have like 6 month that I can completely focus on.
 

WorkingNow

Regular Member
Joined
Feb 27, 2018
Messages
454
Reaction score
236
Website
www.blackhatworld.com
-how are you handling scaling out your products? I assume building things with no-code solutions and WP eventually buckles under the stress of user load ( esp if your hitting 100's K a month).

-What does the workflow look like, I understand the MVP phase but what is your roadmap like to scale up, do you farm this out to devs, how do you handle massive a massive increase in capacity needed in a short time (since dev work takes times).

-What percentage of your successful SaaS products are on mobile? Do you MVP on mobile or do you stick with Web + webview or something of the like.

-What is your go to payment processor? Stripe? Paypal? Crypto?

-Pricing, where do you price yourself? Are we talking parity with existing services or do you offer a cheaper sub (or more expensive one).

-Finally, do you make use of VA's? and if so which country has the best ones for your sort of work (i know you said there is a manual element to your MVP in some cases, basically grunt work)
 

njbox

Junior Member
Joined
Dec 29, 2009
Messages
107
Reaction score
26
Website
www.crawlspider.com
Here it is: 15 Micro SaaS Ideas and Areas - these are not all ready-to-make ideas, but more like will act as inspiration for you to find your own ideas.

1- Google Chrome/Firefox Plugins - easier to build, harder to market & sell but still.
2- Look at BHW Marketplace, Pick a Service and Sell it to People Outside of BHW with a Premium (Go niche: Reddit Upvotes for OnlyFans Models, for example) If you have OnlyFans creator/model contacts, PM me btw ;)
3- Look at your daily life, find something you do regularly which you can automate with software - build & sell it.
4- Lead Gen tools work very well - go niche: Realtors, Debt Financing..
5- Pick a skill or service you're able to provide, create a product out of it (Email blast -> launch a platform that you do email blasts $X/1M blasts etc)

6- Leverage platforms against each other: Look at top-selling WooCommerce plugins of all time, build Shopify apps of them if not very competitive, vice versa.
7- Go to MicroAcquire or Flippa, buy an already profiting MicroSaaS business, first double the prices & then activate every channel, will probably double the revenue easily.
8- Buy an existing Facebook Group/Linkedin Group/Subreddit/Instagram page/Newsletter that is highly active & has a monetizable following or community, build a product on top of it & sell to its members.
9- Start with the marketing channel in mind, not the product. Get creative. (If you're getting $0.5/per email opt-in from Facebook ads, just come up with a creative way to profit $1/subscriber - classical arbitrage, but by starting with the marketing channel first, instead of the product.)
10- Start with the customer in mind, not the marketing or product: Find a community that has clear needs unmet (look at their forums, FB groups, subreddits for ideas) and build tools for them. Or go to Crypto Marketers - pick people who spend a lot & spend fast at first. Don't forget to sell first, build later - cc: My previous post on MVP Building.

11- If you're outside of US, look at high growth US startups & SaaS companies, build a local one - or vice versa.
12- Find a highly technical but much-needed SaaS idea, build a no-code version of it (for example no-code SMS sending service).
13- Look at ProductHunt and use it to generate ideas (look at top 100 products of 2018-2020 for inspiration, instead of recent ones).
14- Use BuiltWith to look up websites and their tech stacks - find commonalities and use it to build relevant products.
15- Reach out to me if your project is growing fast, or you think it can be a $7-figure/ARR project. I advise, grow and fund projects.

I'd appreciate to know if you're inspired to start, tell me how you're doing if you've started out.
Guys, some of the ideas above can be made into a frickin' course and generate hundreds of thousands of revenue, just to let you know..
If you still do not have any idea, it's an excuse. Just read this list for 3-4 times in 1-2 days, and you'll have thousand of them.

Task: Come up with your 15 ideas list. Then, order them according to their cost/benefit scale. Build the best one - sell before building!
Great ideas for picking
 

Zakch93

Power Member
Joined
Mar 7, 2020
Messages
788
Reaction score
204
You are talking about me here, right? :D

Good luck, This is basically my dream to launch few SaaS businesses and maintain them, will follow the journey for sure :)
Was reading The Millionaire Fastlane just recently and a point in the book is to focus on one business at a time until it becomes profitable before starting another one. Oh boy I can tell you the author is so right.
 

njbox

Junior Member
Joined
Dec 29, 2009
Messages
107
Reaction score
26
Website
www.crawlspider.com
I like your sharing. Thank you.

I have built two massive SAAS over 10 years but not done much marketing.

I am now focused on small tools (wordpress plugins) and converting the same to SAAS as I keep building.

One question,
Let say I have a PHP script that takes some input and generates some useful output. I know people need this.

I want to quickly turn this into a paid SAAS using wordpress or some other framework.

Do you think putting a membership restriction will be enough for the quick turnaround?

What plugins do you recommend for wordpress to make a quick SAAS?

If not wordpress, do you have any paid scripts you recommend to quickly create a SAAS?
 

Detesenan

Newbie
Joined
Aug 4, 2021
Messages
7
Reaction score
4
Hi again,

All of the projects you've listed should be checked by people reading this thread, who want to build their own projects, for inspo - good contribution, thanks!
Regarding companies that spend more than 10k a month on ads or tech, simply look at 10-15+ headcount on Linkedin. There are many other ways, but that's the simplest for starting out lead gen.

I don't like 2-3-4. There is too much competiton and are low ticket products/services. If you like that, go with it though.
Number 1 is nice, maybe don't call it an Instagram scraper but "Real Estate Lead Gen through Instagram" or something. Make it niche and charge well.
Last one is a startup in itself, needs a totally different mindset & approach.
I understand, thank you very much.
 

Ontealdon

Regular Member
Joined
Jun 13, 2013
Messages
313
Reaction score
299
Thank your sir, such an inspiring post.
I have a question
How much time it take on average if I want to build a Shopify app until its generate like $3K/M
I have like 6 month that I can completely focus on.
Your question is like "I want to build a house, that will keep me warm - how long would it take?" - it depends on the house, and the other details. Figure them out. No reason for not making $10k in your first month with your Shopify app if it's a good idea. Needs business smarts & hard work though.
-how are you handling scaling out your products? I assume building things with no-code solutions and WP eventually buckles under the stress of user load ( esp if your hitting 100's K a month).

-What does the workflow look like, I understand the MVP phase but what is your roadmap like to scale up, do you farm this out to devs, how do you handle massive a massive increase in capacity needed in a short time (since dev work takes times).

-What percentage of your successful SaaS products are on mobile? Do you MVP on mobile or do you stick with Web + webview or something of the like.

-What is your go to payment processor? Stripe? Paypal? Crypto?

-Pricing, where do you price yourself? Are we talking parity with existing services or do you offer a cheaper sub (or more expensive one).

-Finally, do you make use of VA's? and if so which country has the best ones for your sort of work (i know you said there is a manual element to your MVP in some cases, basically grunt work)
Dude, you have too many questions. And it seems like you've asked them all without thinking them through. Most of them are not important or crucial anyways - you can figure them out as you go. Like, we have enough good engineers & contractors to deal with those things. Also, we never had a product with millions of users (or too much heavy workload like AI or ML etc) - so no worries about overload..
This: Make a working, selling product and GET PAID. Everything else can be figured out afterwards.
Also a majority of your questions can't be answered - they're too broad. Depends on the product. Find what works for you.

Was reading The Millionaire Fastlane just recently and a point in the book is to focus on one business at a time until it becomes profitable before starting another one. Oh boy I can tell you the author is so right.
Yeah, I like moving fast and focusing on different businesses and projects at the same time. Depends on what you like.
I like your sharing. Thank you.

I have built two massive SAAS over 10 years but not done much marketing.

I am now focused on small tools (wordpress plugins) and converting the same to SAAS as I keep building.

One question,
Let say I have a PHP script that takes some input and generates some useful output. I know people need this.

I want to quickly turn this into a paid SAAS using wordpress or some other framework.

Do you think putting a membership restriction will be enough for the quick turnaround?

What plugins do you recommend for wordpress to make a quick SAAS?

If not wordpress, do you have any paid scripts you recommend to quickly create a SAAS?
I mean, monetization method depends on the product & market. You have to talk to your users to find out what they're comfortable with - membership or one time payment. Don't listen to them too much though, look at their actions. Test test test.
We rarely use scripts, if ever. So can't recommend that one. But Wordpress is a growing platform (also look at Shopify apps, etc to expand your market).
 

Patchy420

Registered Member
Joined
Jul 12, 2021
Messages
68
Reaction score
30
Hi everyone,

I've been a member here for 10+ years now, this was my second account. Basically spent my childhood here partially.
One problem I've always been aware of here has been the short-sightedness of the community. Not all of us, for sure.
But people who are trying to earn $20/day (even though it might mean a lot to you) is very sad, given that we have the f***ing INTERNET to our disposal.
Like Gary V says, come on guys. We can do better than that!

My approach is to build Micro SaaS businesses. What that is, is simple. Just go to ProductHunt and see what kind of products people are building.
I have a distributed team of very solid engineers and product people, I myself am very good at the idea implementation, market testing & product design side.
Again, the idea is simple: Find a (small-ish) need, and fill it reasonably. People will pay for it. Do not worry. It might take time, but open your eyes my man, do not go running around CPA bulls***t for the rest of your life.
Your time is precious and you have a brain. Use it wisely. In this journey, my goal is to inspire people and show them what a 25 y.o can do, you can do too.

So, I'll be posting not too frequently here, but each post will be a meaninful update on how things are going. My daily life is pretty busy, even though I work 12h/day. We're usually building multiple products at the same time..
Product is our strongsuit, and usually we work with others for marketing & sales. If you are good at selling, ping me - whether it be email, Facebook ads, Linkedin outreach or Reddit marketing. I love good marketers & salespeople.
If you have a product idea or something you're working on, ping me. Currently we do not have any room to fit another product to develop from scratch, but I always like the MVP & ideation phase. We invest in projects, too.

To summarize, I'll be building and growing my Micro SaaS businesses. I will not be sharing any details about the products publicly because I don't want to deal with copycats (who lose to us anyways, so just a time waster for both parties).
The goal is to hit $500k/mo in revenue - MRR, since all of our tools are based on subscriptions. Currently we're at ~$87k (not all of it is MRR, also distributed among four different companies/products). My goal is to hit $500k/mo by the next year this time - July 2022. Definitely doable! But I'll need to hire some superstars to our team & build more products. And I'll be writing mini how-tos for you to start your own thing & answer your questions in this thread.

This is going to be an interesting one guys, I normally do not share these things even with my closest friends. But honestly, I'm just tired of how many young talents, how bright people are just wasting their lives away by writing articles for $2, buying and selling Instagram followers for $10.. Please think big guys. I was one of you years ago. Only thing I've changed has been my mindset, perspective. If I did it, you can do it. Just watch me and be inspired. I'm so excited for this.

This is one of our tools' reveue for today - close to $2.5k, nowhere near what it should be. To hit $500k/mo, this number should be >$16k daily. Basically ~7x it, that's the goal. Audacious, stretch, but will be worth it.

"If the game shakes me or breaks me. I hope it makes me a better man, take a better stand" - Biggie

Let's go
Great story, Definitely following for more, Even the sky isn't the limit We have people in space
 

crnack

Jr Vip
Jr. VIP
Joined
Oct 10, 2017
Messages
1,292
Reaction score
1,362
Ontealdon is working 15 hours a day. And people still think there is secret sauce. So it's 450 hours a month. Even a cashier in 2nd world country would make a decent amount of cash with this mindset.

Multiply it by the number of people in his team. That's couple thousand hours every month.

Not many are willing to put in work. In the beginning if you don't want your venture to turn into full time investor's search, hard work will be necessary. However, that would likely fail for 3rd world country mindset where the only thing that matters is $20 per day. Or choose some silly form investments like bitcoin expecting wealth from massive marketplace spikes.

In the age where everyone is talking about burnout, importance of college education and consequences of hard work, silly questions are expected. Don't bother and work with people on your level.
 

Lsh

Newbie
Joined
Aug 14, 2021
Messages
9
Reaction score
4
Great!This post make me start to build my MVP...

hi, Ontealdon. I have build my first MVP, could you give me some advice?

 

Berta77

Registered Member
Joined
Jan 17, 2017
Messages
55
Reaction score
17
SELL
1- What you need is a community that hosts people who match your ideal customer profile (ICP). If you're selling Reddit upvotes, you have to find communities that host multiple people who'd be interested in that. Why? SPEED. One post to reach tens of people like that, or thousands. Where to go is simple: Start with Facebook Groups, Linkedin Groups, Reddit, and "[YOUR NICHE] FORUMS". Find niche, related communities and announce your product there.
2- How you make the announcement of the product is important. Critical. You have to be good at sales copy or copywriting in general. If not, sincerity will work: "I'm a lone wolf developer that does X, it helps you do Y, Z immediately and saves you time and money. Anyone interested in being my first customer?".
3- It's important not to SPAM. People don't like that. Be authentic, act well and approach well targeted niche groups. Ask for recommendations - that's a good one. Sometimes you don't sell directly, but say "I've developed a tool that does X, and our users absolutely fell in love with it. What new features do you recommend?" and people will be more interested. Really, really depends on the circumstance.
4- I see many of you not showing their faces, asking BTC payments or talking via Telegram - these will not work with "real people" guys :^) - you have to show your face. No one pays $50 for a landing page, to a faceless username.
5- Your goal here is not to make money. I already see many of the newbies failing here. When they make their first sale, they get excited and order a pizza. NO! Your goal here is to VALIDATE your MVP & idea. If they pay, great. If not, hmm.. either you're doing something wrong, or the MVP/product etc sucks. Move to the next one! Or iterate, a lot.

I have to add that the SELL part was oversimplified, because honestly, I wrote this whole post to demonstrate how I approach it - for inspiration. Honestly, I do not believe in how tos. People are lazy, people have excuses, people "want" but don't work for it. 99% of you will close this tab and never remember it again, going on with their regular lives. No worries! Winners will emerge, too. And I salute them.

If you have any questions, let me know.

Hi really great thread and your aim is really the right one to success on the web.
I have one some questions regarding MVP selling process...
1) The MVP really works?
2) When you try to sell MVP do you tell the customer that the app is a prototipe?
3) If your app is complex how are you be able to create a MVP in some hours?

Thank you
 
Top