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My SAAS Journey to $1M/Month

Discussion in 'My Journey Discussions' started by Andre Youkhna, Nov 8, 2019.

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  1. Andre Youkhna

    Andre Youkhna Jr. VIP Jr. VIP

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    Hey BHW! After taking a long hiatus I’m back.

    I ended up selling the software me and my team had developed at deskx completely.

    I took the money from the sale and started a new company.

    My new venture is a SAAS platform that is used by digital agencies to get new clients.

    I’m not going to give too much away because I am going to be selling on BHW when we launch and I don’t want this to turn into an ad.

    [​IMG]

    Here is the rundown on our expenses so far…

    -$125,000.00 on software development
    -$15,000.00 Research and Development
    -$10,000.00 Press release
    -$5,000.00 Marketing (Pending)
    -$1,000.00/month server

    Total costs so far: $156,000.00


    Heres our projections:

    We have 170 agencies all around the world that are on our waiting list.

    Let's go with 100 agencies sign up month 1.
    That's $100-$400/month Per client.

    Let’s go mid tier as average. $200

    They send out 250 (DPS). Let's say there's a 3% conversion rate which is low.

    That's 25,000 (DPS) sent out.

    3% would be 750 (DPS) sold.

    $250 per sold (DPS) that's $187k from sold (DPS) in the first month.

    750 websites lets say 10% pick up a monthly plan from our client. That's 75 people. At $299/month that's an extra $22k/month

    That's $44k recurring in month 1

    Plus $25/month for hosting which is $18,750/month

    Plus $187k in one time sales.

    Total for month 1 will be $249,750.00

    [​IMG]


    Hopefully in month 1 we break even and then some… if not hopefully we just break even.

    My goal is obviously to grow it as much as I can. My goal is to hit $1M/month within 6 months.

    Welcome to my journey BHW!

    Changed the product name to DPS so it's not giving away what my saas does.

    Overall it's a great tool for SEO Agencies, Ad Agencies, any type of digital agency to grow their client base.


    I have one competitor however their software is much more difficult to use and is way too complex. AKA they're trying to hard.
     
    • Thanks Thanks x 3
    Last edited: Nov 8, 2019
  2. Soyeb

    Soyeb Junior Member

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    All the best brother
     
  3. Cache Money

    Cache Money Registered Member

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    Interesting journey , not one that most people here take.

    Wish you all the best with it.

    May I ask how you are acquiring leads for your business? How are you targeting agencies?

    Thanks
     
  4. Andre Youkhna

    Andre Youkhna Jr. VIP Jr. VIP

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    Thank you!

    As of right now I'm using facebook groups. I am an admin of one... and I am also asking other admins to promote my SAAS and get early bird waiting lists going.
     
  5. HatArrows

    HatArrows Jr. VIP Jr. VIP

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    What kind of services will be provided to those clients ..
     
  6. Andre Youkhna

    Andre Youkhna Jr. VIP Jr. VIP

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    I don't want to turn this post into an ad as it's against BHW TOS. I will be launching a BHW MP Thread soon. So once it's up... I'll update you.
     
  7. wrathofend

    wrathofend Regular Member

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    Sounds amazing good luck!
     
  8. jamie3000

    jamie3000 Jr. VIP Jr. VIP Premium Member

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    Hey dude, I actually wrote a beta tool that does a similar thing but never actually grew it into a business so I'm super excited to follow this.

    I'd love to take a look at it, PM me a link if you can.
     
  9. Andre Youkhna

    Andre Youkhna Jr. VIP Jr. VIP

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    Thank you!

    Hey for sure we'll be in touch. We can bounce ideas off each other!
     
  10. deathass01

    deathass01 Power Member

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    Wow, this sounds so good, Good job on restarting after selling!
     
  11. Sanjuwa

    Sanjuwa Newbie

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    Great !
     
  12. Yellowcrow

    Yellowcrow Registered Member

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    All the best for your journey!
    How did you get started in the SaaS business?
    What things(technical)did you have to achieve a mastery of before getting to this point?
    Thanks for sharing I'll follow the thread:)
     
  13. gangsta money

    gangsta money Regular Member

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    good shit
     
  14. Cache Money

    Cache Money Registered Member

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    Sounds good, feel free to pm me a link to it.

    All the best!
     
  15. Universe0

    Universe0 Jr. VIP Jr. VIP

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    Good luck on your business!
     
  16. H3ktor

    H3ktor Jr. VIP Jr. VIP

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    Good luck, buddy :) I am a fellow SAAS entrepreneur. Currently growing 2 SAAS apps and working on a new one in edtech vertical. I would love to learn how you build a waiting list before you launch.
     
  17. Myst3ry

    Myst3ry Jr. VIP Jr. VIP

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    Good luck and all the best.
     
  18. Frenzied

    Frenzied Jr. VIP Jr. VIP

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    Fantastic thread! Good luck friend :)
     
  19. RookieButFine

    RookieButFine Registered Member

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    Sounds really solid, best of luck mate.
    Whats SAAS if my i ask ? ;)
     
  20. jefis

    jefis Jr. VIP Jr. VIP

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    I sure hope that you’ll update us with earnings after the first month