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The book cured me of mumbling "I could make software better than that in a week" every time I saw a receptionist at a small office struggling with a bad app. W
by stcredzero 8y ago
The book cured me of mumbling "I could make software better than that in a week" every time I saw a receptionist at a small office struggling with a bad app.
What if the acquisition cost could be made low? Doesn't patio11's appointment reminder app fall into this category?
https://www.indiehackers.com/interview/how-i-grew-my-appointment-reminder-business-to-12k-mo-2b8720ca25 https://www.indiehackers.com/interview/how-i-grew-my-appoint...
- rpeden 8y agoIt might. He talks about revenue but not about profit. So we dpn't really know much about his costs, aside from him mentioning that he was spending a meaningful amount on insurance. It could very well be that acquisition cost was quite reasonable, and he may have talked about this elsewhere. I just don't think the IH interview tells us enough to know for sure one way or the other.
- simonswords82 8y agoHe's published a huge amount of detail about revenue and costs, his profits aren't enough to sustain a family. I say that with the greatest amount of respect for the man by the way, he's super super smart and I love his writing.
- TrevorAustin 8y agoProbably not, given that he abandoned the app and works at Stripe now.
- coldtea 8y agoIt can be great even if the "acquisition cost" is high, assuming you charge people for it. It just doesn't lend itself to the "do a business that sells $10 dollar bills for $5 funded by VC money until it has enough eyeballs to start selling ads".
- simonswords82 8y agoI learned the hard way that "passive income" via SaaS is fools game. Yes it does exist, but it's incredibly rare and so it's very unlikely that any idea I have is going to be the unicorn idea that generates a shedload of money for minimal effort. I stand about as much chance of becoming the next YouTube/Insta star.