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Define "Successful". I bought a side project from someone else that does about 13k ARR with 90% profit. Not much but it is profitable and even though I don't do
by codegeek 4y ago
Define "Successful". I bought a side project from someone else that does about 13k ARR with 90% profit. Not much but it is profitable and even though I don't do much yet on it (been about 10 months), I have plans to try and grow it next year. I already have a reasonable successful bootstrapped SAAS product that keeps me busy but that one is not a 1 person biz.
- xcubic 4y agoHow did you find the project to buy?
- codegeek 4y agoMicroacquire, Flippa, empire flippers etc. The trick with all these sites is that they are mostly noise (99%) as in overpriced deluded sellers OR bad/failing products/businesses. So you have to understand that and work accordingly. There is a reason they are listing their business and only once in a while, you will find a real gem which with some work could really shine (they all need work). I was lucky to find a gem and they def. exist but less than 1% of listings.