3 ms·
It's a way of saying that I haven't reached product market fit yet, but also haven’t given up and believe that I will get to the product market fit I want in th
by r_singh 4y ago
It's a way of saying that I haven't reached product market fit yet, but also haven’t given up and believe that I will get to the product market fit I want in the future.
I have customers and revenue of 6-10k MRR (decent churn), but I'd like this number to be 10x.
I guess product market fit can be subjective depending on the founder's goal. My current offering is targeted towards too small a niche and the market is fragmented. So it’s proving difficult to find a viable distribution channel/s for my product in its current state.
- baremetal 4y agowhat kind of margins on that 6-10k MRR?
- r_singh 4y ago~80% right now. I pay myself whatever’s left and haven’t really invested back. My revenue comes from monthly and quarterly credit card subscriptions so it’s pretty regular. I’m aiming for a 45-50% net margin once I have a team and real costs.
- baremetal 4y agoi would leverage that cashflow into creating something else that produces similar returns. something niche like your first product. rinse and repeat.