4 ms·
How much revenue can you be generating from this if it went really well? What's the cost of that revenue? Based on what you have been saying, your total potent
by avenger123 13y ago
How much revenue can you be generating from this if it went really well? What's the cost of that revenue?
Based on what you have been saying, your total potential revenue doesn't seem to be very high (less than $100K,$200K,$300K??) and the cost to get these clients seems to be involved.Especially considering each instance is effectively its own mini-product with development effort.
Personally, I would suggest you consider this an incredible learning experience and start focusing on another product that can be more profitable.
Going after a niche market is great but the niche market also has to have the money to pay. For example, you may consider oil and gas a niche market, even a small segment of it, but, the money flows like water for them so getting them to pay and pay big (if the ROI is there) can be done.
Anyway, maybe not what you want to hear but worth thinking about.