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This especially applies to bootstrapped products, where the only recipient of the profits is probably you. Micro-niche could mean only ever getting 1000 custom
by bdunn 14y ago
This especially applies to bootstrapped products, where the only recipient of the profits is probably you.
Micro-niche could mean only ever getting 1000 customers to pay you $30 a month. Even if you had a few thousand a month in expenses, your personal income will be higher than 99% of people who play the startup lotto.
- brianbreslin 14y ago$30k a month is nice, as a sole or super small startup (under 3 people) or if you are in a developing country. However these are the often derided "lifestyle businesses". i for one support these types of businesses
- patio11 14y agoJust an FYI: if you can tell a compelling growth story, a business which presently has $30k a month of revenue could potentially be an attractive target for investment. If it is growing organically it is only a wee bit away from hitting $100k a month in revenue, at which point it could quite reasonably sustain an eight figure exit. (500 Startups, for one, would love to hear from you if you have a business on that trajectory.) That said: there are worse fates in life than to be condemned to running a business which just can't seem to break through $30k a month in revenue.
- einhverfr 14y agoI think that the point is that if you have $30k/month, you have the possibility of using your current app as a structure to widen your reachable market.