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To the extent you're willing to comment, I'd be interested in knowing about your criteria for selecting such a project. - was the domain related to your expert
by RickS 8y ago
To the extent you're willing to comment, I'd be interested in knowing about your criteria for selecting such a project.
- was the domain related to your expertise, or in a niche that was new to you?
- what made this project stand out from others / appear to have potential?
- was codebase quality a factor in purchase?
- do you inherit things other than software from the seller? EG customers, marketing channels, analytics, etc?
- what was the value-add that made it work under your stewardship but not the seller's Sales / marketing / dev / featureset / etc
- Are you interested in doing this repeatedly?
- gketuma 8y agohttp://arthur-osx.com/ http://arthur-osx.com/
- chvid 8y agoI noticed that one too when I browsed 1k a few days back. It advertised that it was already making money. Congrats on your purchase,
- graeme 8y agoThat’s not the one I don’t think. It was listed on 1k projects 3 days agp for $950. And that’s not OP posting.
- chvid 8y agohttps://1kprojects.com/project/arthur https://1kprojects.com/project/arthur It is not?!
- graeme 8y agoWell, probably not. OP said they make half their monthly salary from it. That site makes $300. Maybe OP is in a poorer country and makes $600 as a software engineer, and uses a Mac. They did post about it three years ago, so it seems linked to them. But I'd wait for OP to confirm: the person posting is not OP and may just be guessing based on OP's post history and having searched 1k projects.
- RickS 8y agoThat's not the OP, but yeah, I saw it as well. It made me wish that 1k had a "sort by MRR" option. MRR is a very loud positive signal. edit: and since it's from another HN'r, good work! It's a good idea with a really tasteful/simple execution.
- lostgame 8y agoThe UI/UX certainly leaves a lot to be desired :3
- ElijahLynn 8y agoJust to clarify since you are responding like you authored the original post. Are you also the `johnnyrockit` account and just signed in under `gketuma`?
- jonnyrockit 8y agoTo answer your questions: - Yes, the domain area was something that I was interested in already, but not necessarily practised. - Quite honest, I chose it purely on price and the design of the items bought. The dev put in effort to get everything designed nicely. - No, not at the time. It was a rails project so quality was not considered since its too easy to add on/rewrite where needed - Got customer lists, source code + design source, social media pages, analytics, payment profiles, domain. - I had a network locally that I knew I could sell to. I sold hard and 3 big agencies are now using it at a decent monthly fee. - Definitely! I'm scouring 1k daily now and have found a few other gems.
- sireat 8y ago"I had a network locally that I knew I could sell to" I suspect this is the key to success in most smaller startups. Instead of focusing on getting 0.01% of a global market go for 10% of very local/focused market. A prepopulated sales channel goes a long way.
- RickS 8y agoThank you very much for your answer! Both the most predictable and the most interesting thing IMO is the factor of your existing network in the success of the product. More and more I'm seeing the compound returns of network reach in the careers of my peers who have spent their entire lives working with large teams/customer bases. If I had to restart my career today, I would spend the first 5-10 years in enterprise and then go startup, instead of the reverse. Wishing you the best – really great to have an income stream like that, buying you room to make even more successful bets.