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I have a side project SaaS that nets about $30k/yr income - it takes about 2 hours a week of my time to maintain (99% is responding to user support), though I s
by rco8786 5y ago
I have a side project SaaS that nets about $30k/yr income - it takes about 2 hours a week of my time to maintain (99% is responding to user support), though I spend another 5-6/wk trying to grow it (~50/50 marketing and eng development).
Full disclosure, however...I bought it (on Microacquire) for ~$100k. But there's no reason I could not have/you cannot build something with similar economics, though you will need to frontload many more hours to get it going.
- ryanSrich 5y agoHow much was it making when you bought it? What is the profit margin? Have you recouped your initial 100k investment? I've always been curious about Microacquire, but the risk seems very high.
- rco8786 5y agoI only closed a few months ago, things have just been flat mostly since I took over. The previous owner had done very little marketing. Still figuring it out. I have not recouped yet, obviously. Profit margins are like 80-85%. But it’s no riskier than buying a biz elsewhere IMO