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How I built my MVP in 5 hours and got to $10k MRR in two months
- yoaviram 9y agoThis is a bit misleading as the article is about a service and not a product based business. The terms MVP and MRR do not translate well to a services based business as the two scale in vastly different ways. $10k monthly revenue does not equal $10k MRR as there's nothing reoccurring about it. If these are reoccurring revenues (say from a retainer) then the article does not mention it, and even if so MRR is much less impressive for a services business because scaling is so hard while in a digital product business, if there's demand scaling is considerably easier.
- vinrob92 9y agoHey! OP here :) I agree that it is not a product. Another more correct term would have been "MVO" (Minimum Viable Offer) It is a productized service business offering design as a service. For a fixed per month we do design requests, so it is recurring in that sense.
- neilk 9y agoSeems pretty bogus to me, or something is unexplained. ManyPixels offers unlimited monthly design work for a fixed price that’s less than what a good freelance designer would charge for a day. This can only work if the customers rarely even use the service, or if he’s found some new source of cheap and easily available design talent. In the article he already mentioned how hard it was to find talented freelance designers. I get that you can smooth out those costs if you aggregate demand. Maybe the company can get good at sourcing good designers. But then you need to guarantee their availability. Which means it’s just a design firm. Seems hard to do when you are drastically underpricing. The MRR, is that calculated on a few days of operation? Or have you really taken on ~50 clients who can demand unlimited design work in one month, with no permanent staff and where you probably lose money on each client?