He went from $0 to $6k MRR in 90 Days - Startups.email
Meet Dustin and his incredible journey from $0 to $6,659 MRR with Magai, a ChatGPT-powered assistant. Discover RemoteRocketShip, Makerkit, and Chrome Stats - three impressive startups.
📗 Story of the week
Dustin built Magai, a ChatGPT-powered assistant (also known as a ChatGPT wrapper) and went from $0 MRR in March to an impressive $6,659 MRR in July. I know of at least 10 other ChatGPT wrappers that are all generating more than $5k in MRR.
I had the chance to experience the power of the market firsthand back in 2017 when I worked for a crypto company. We saw our customer base grow from 200 new customers per day to 2000 per day without changing a thing about our business - our revenue grew 10-fold and the company made more money than ever before.
It's clear that when a market is booming, your startup can benefit too. Don't underestimate the power of the hype - it can lead to exponential growth. Building another wrapper is a great idea - the market will carry it to success. With just an okay product, you can use basic channels like Twitter, Affiliate, Producthunt, and AppSumo to see decent revenue.
💰 Recent Acquisitions
Growthseobar, an AI-powered SEO content tool that enables faster content creation, was recently acquired by xo.capital for a life-changing amount. Growthseobar had already made multiple six-figure profits, indicating that the sale was a great success. Read more
Abishek has had another successful sale with Youform, an affordable alternative to Typeform, which he launched in January 2023. Although it was a pre-revenue / low-revenue sale, it was not Abishek's only one; he has also sold Botflow, his no-code builder tool. Read more
Dan made a successful 5-figure sale of his SponsorThisNewsletter database, consisting of over 200 digital products and services. Validated in just two days, all of his users were acquired through Twitter DMs. He was able to amass a total of 100 advertisers and achieved an impressive all-time revenue of $5,000. This project was created using several no-code tools. Read more
👓 Must-read
Nathan Barry, founder of the highly successful Convertkit with a total revenue of $84M, is eager to share the secret of his success. But, he insists that there is no magic to it. Instead, it took many attempts at different businesses before he eventually hit upon the idea that would set him free. Contrary to popular belief, there is no such thing as an overnight success. Instead, it's a process of trial and error until you find the winning combination. Building a business is a bit like playing roulette - you never know when luck will be on your side, so you just have to place your bet and spin the wheel! Read more
🚀 Startups of the week
RemoteRocketShip ($2,000 MRR)
Last week, I wrote about the Railsdevs, a job board platform making approximately $4K in monthly recurring revenue and around $10K in commissions. This week, I stumbled upon the equally-impressive RemoteRocketShip, which is generating around $2K in revenue - and it's all thanks to SEO! Programmatic SEO has been invaluable in driving traffic to the website. Founder Lior has created a remote job board similar to RemoteOK ($24K MRR), with companies paying $298 per job entry. The market for this type of website is so vast that almost anyone who can generate a bit of traffic to it stands to make thousands of dollars in revenue.
Makerkit ($14,600 in Revenue per Month)
Makerkit is a React SaaS Starter that enables you to launch ideas in record time. It saves you the hassle of having to construct the same features for different projects. The package includes authentication, user management, payments, and stunning UI Themes - all for a single lifetime licence of $249. On top of this, Makerkit even provides a basic landing page to help you launch your SaaS product. This is a great solution for anyone looking to forgo the tedious process of building from scratch.
Chrome Stats ($3,009 MRR)
Chrome Stats is an amazing tool for developers to track and monitor their rankings in the Chrome, Edge, and Firefox stores. Founder Hao has built an incredibly useful product that scrapes store rankings and provides additional insights such as ratings, customer feedback, and more for comparison. It's like an SEO rankings tool, but for Chrome extensions. What's cool is that similar products can be built for other niches, like Shopify apps. All of Chrome Stats' traffic is generated through SEO and Programmatic SEO. They have 120K extensions and over 200K pages indexed on Google - a great example of a boring business model with an ugly landing page, but an incredibly useful product.
📈 New Revenue Statistics
Pdfshift.io: PDF conversion API launched in February 2018 with $7,671 MRR in monthly subscription revenue.
ImprovMX: Create free email aliases API launched in August 2013 with $18,525 MRR in monthly subscription revenue.
Makerkit: React SaaS Starter launched in December 2021 with $14,608 in one-time sales revenue.
Smallbets: Community platform launched in August 2020 with a lifetime total of $700,000 in one-time revenue.
RemoteRocketShip: Remote job board launched in November 2022 with $2,000 MRR in monthly subscription revenue.
RemoteOk: Remote job board launched in October 2014 with $24,000 MRR in monthly subscription revenue.
Seomatic: SEO page-generation API launched in July 2022 with $1,000 MRR in monthly subscription revenue.
Magai: ChatGPT-Powered Super Assistant launched in February 2023 with $6,659 MRR in monthly subscription revenue.
Chrome Stats: Chrome extensions analytics platform launched in June 2020 with $3,009 MRR in monthly subscription revenue.
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