Startups.email - Issue #1
Read about how Christoph earns more than $50k per month with his tool for ChatGPT. Plus, find out how XO Capital purchased Colddm me for around $3000 and now making $2k+ MRR.
Over the past few months, I've had some awesome news to share - I've actually had 3 successful exits with each one being in the five figure range! And get this, there's even a fourth exit in the pipeline that I'm just waiting on payment for before we can start the business transfer. Who would've thought, right? I initially thought I would make money from SaaS, but it turns out that selling businesses could also be a great way to make a living.
Are you interested in building, growing, and flipping projects? I've got some great tips and advice to share with you in this newsletter. Plus, I'm handpicking some projects that I think will make some serious money, and I'll even give you some pointers on how to get started. Don't miss out - subscribe now and let's get started on this exciting journey together!
1. Webtastic AI - $1,214 MRR
Have you heard about Webtastic AI? They've achieved a monthly revenue of $1,214 with their innovative lead generation for cold outreach. In just two weeks, they broke the $1000 MRR mark, which is really impressive! Their success shows that if you're in a hot market like lead generation and AI, you can grow really fast. Market growth is key to revenue growth. Choosing a hot market when building something is important, as market rules everything around us. What's even more amazing is that Webtastic AI has achieved this revenue milestone in just two weeks when it usually takes startups an average of 9 months to do the same. So, a big kudos to the team behind Webtastic AI!
I just caught up on Andrew's latest newsletter from XO Capital. They're doing some really impressive work managing a suite of tools and bringing in $27,650 in monthly recurring revenue. Andrew even mentioned in his newsletter that if they had to pick one area to focus on, it would definitely be sales tools. Pretty cool, huh?
2. Push Sections - $401 MRR
I wanted to tell you about Push Sections ($401 MRR), a friendly Shopify App that lets you easily change your Shop Layout. One cool thing to note is that it's listed on the Shopify store, which means you have access to tons of free traffic without having to worry about social media, SEO, or paid search. This means you can focus on building your product and adding those sources later if you want to scale. Plus, I have some insider knowledge from selling an app on the Trello Power Up store that I'll let you in on - these app stores can bring in a lot of free traffic!
3. Landing AI - $700 TTM
It's a really cool AI website builder that lets you create some variations of your website starting at just $19. About two weeks ago, Marc Lou kicked off this project and it seems to be getting a lot of traffic from social media, thanks to Marc's large following on Twitter. While the project has shown some traction, the market is quite competitive and having a unique value proposition is important for building a successful long-term business. That being said, I think Landing AI could be a great candidate for fast growth and quick turnover. I'm confident that Marc could flip this project for around $8-10k right away.
4. Niche Site Metrics - $2,080 MRR
Check out Niche Site Metrics with a monthly recurring revenue of $2,080! Founder Ian recently shared some exciting news on April 3rd - they reached the $1k MRR milestone. And just two weeks later, on April 11th, they shared that they'd already doubled their MRR to $2k! It's incredible growth that usually takes months, but Niche Site Metrics is an example of non-linear growth. When your product helps people make more money, that's a win! And with some initial traction, any channel can work. Making $MRR is the ultimate motivation!
5. Colddm me - $2,142 MRR
It's an amazing tool that can help you find high-quality leads on Twitter and start your outreach campaign. The current owner got a pretty sweet deal, buying the tool for only $3,000 on Microns 👀. When the tool was sold, it was generating $80 ARR and had 7 customers. But fast forward just a few months, and now the owner has grown the monthly recurring revenue to over $2k! It's clear that there is a huge opportunity in the lead generation, cold outreach, and sales automation space. The market is full of different solutions and possibilities - definitely worth checking out! Unfortunately, there is a platform risk involved in using this tool as Twitter has discontinued its free API, so the tool may need to be shut down eventually.
6. Aiprm - ~$50,000 MRR
It's a chrome extension that saves prompts for ChatGPT. The founder launched it just a few months ago and it already has about 800k users! As of April 12th, Christoph (the founder) reported having 10k paid subscriptions, which equals to around ~$50k in MRR. AI is such a popular market and you can gain a lot of success quickly. It's like the crypto market in that way - not a long-term investment, but more of a gamble. I wouldn't hold onto AI projects for too long if there's a chance for a fast exit and good money. It's neither good nor bad, it's just how hot markets work.
To wrap up this newsletter, I thought I'd share a great read from DannyPostma. He recently posted about how you can achieve success even if you have no followers yet. It just goes to show that you don't need a massive audience to earn a good income online. In his post, Danny outlines the steps he took to reach a monthly revenue of $1200 with his product.