One of Many: $77k MRR with Design Subscriptions! 🔥
Discover the power of joining a pre-validated market and tossing aside your original idea. Success thrives in creating what others desire, not just what you personally prefer.
📗 Story of the Week
If you're wondering what to build, then enter a market that's already been validated. What do I mean? Take a look at my latest tweet 👇. These are three Google Analytics alternatives. All of them boast the same value proposition – they're easy to use and privacy-friendly. They all compete in the same market – web analytics – and there's a huge potential here. Almost every website has some sort of web tracking software. So here's a rule of thumb 🤙 to help you decide if an idea is good or not.
If there are already plenty of products in the space that are profitable, then your idea is likely to be successful. But if you can't find any similar products out there, then your idea is probably not worth pursuing.
If you're interested, I'm offering consulting services to help you evaluate your idea or business – to see if it's worth the effort 👉 book an AMA
Now, let's examine another example to support my hypothesis of entering a pre-validated market.
NoBoringDesign ($77k MRR)
NoBoringDesign is a revolutionary subscription agency that, in just six short months, has grown their Monthly Recurring Revenue (MRR) from $7k to a staggering $77k. It's no surprise why - the revenue is verified and trusted, thanks to Stripe. What's more, the founder has revealed that they've been able to keep 50% of the revenue thanks to outsourcing work to cheaper locations. But this is no one-off success story.
NoBoringDesign is just one of many design subscription services that have seen similarly explosive growth. Designjoy, for example, has achieved an MRR of $100k. The success of NoBoringDesign and other businesses like it prove that you don't need a unique idea to make it big. All it takes is a successful market, an “okay” product, and a bit of savvy marketing.
If you're interested in taking a similar approach, there are hundreds of hours worth of market analysis available on startups.email that can help you pick the right idea or book an AMA with me.
📈 New Revenue Statistics
Noboringdesign: Ship campaigns, brand, and web design with an on-demand creative team for less than the cost of an in-house resource, Launched in September 2022, Revenue is $76,971 MRR.
Ellie Planner: Ellie helps you organize your thoughts and plan your day in a beautiful and simple app, Launched in November 2022, Revenue is $1,000 MRR.
Raizer App: Find investors for your startup Founders with Raizer to find perfect investors for their companies, Launched in January 2023, Revenue is $2,059 MRR.
BeSure Checkout Rules: Customize checkout behavior by showing shipping or payment methods the way you want, Launched in February 2023, Revenue is $2,000 MRR.
NannyLogic: Cloud based software for Nanny & Domestic Staffing Agencies, Launched in December 2018, Revenue is $2,075 MRR.
BCMS: Headless CMS for developers built on the modern stack, Launched in October 2022, Revenue is $4,000 MRR.
Browserless: Data extraction and automation for developers, Launched in September 2017, Revenue is $85,338 MRR.
ScreenApp: Effortlessly captures your screen recordings and leverages AI to transcribe and condense your meetings and workflows, Launched in August 2019, Revenue is $3,999 MRR.
Benji: The Life OS helps you stay motivated, track your habits, and celebrate your progress with friends, Launched in March 2023, Revenue is $330 MRR.
Inspector.dev: Unlock insights you never knew about your application and cut your software development costs, Launched in May 2019, Revenue is $4,999 MRR.
AIAgent: A web app that makes choices and performs tasks on its own, based on the goals set by you, Launched in May 2023, Revenue is $2,600 MRR.
MaterialsInventoryApp: Never run out of stock, easy inventory management for makers & manufacturers, Launched in November 2021, Revenue is $6,000 MRR.
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