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  1. M

    [Execution] Starting SaaS Ground Up. Side Hustle. Weekly Progress Thread. Let's do this.

    SAAS / APPS EXECUTION WEB DESIGN 
    Yes, you are correct... been watching that as well. Very competitive with deep pockets out there. I'm certainly not going after the "big boys" but carving a tiny niche within a big market. I'm a tiny disruptor who is happy with a little $1m business, then scale up and out. Innovator's...
  2. M

    [Execution] Starting SaaS Ground Up. Side Hustle. Weekly Progress Thread. Let's do this.

    SAAS / APPS EXECUTION WEB DESIGN 
    Preface In need to solve a complex problem for DIY investors, I created a very simple software solution for myself. I then found others have the same problem, so helped a few close friends to solve theirs. My "dream" is to automate and scale this solution via SaaS offering. While I have...
  3. M

    Ask Me Anything About SaaS ( I'm building my 7th )

    GOLD! HOT! SAAS / APPS 
    @eliquid incredible thread. And applaud you for being willing to help others. I have identified a business problem, I'm a domain expert, and SaaS is the right solution. Excellent fit. However I'm not technical, so I've outsourced the development of the solution to developers (PhP + MySQL)...
  4. M

    From $0 to $ 5k+ / month in 5 months

    NOTABLE! HOT! 
    @sodor - question on hosting platform. You chose gumroad, was there a specific reason? Did you consider Udemy as an option? Udemy is geared more towards "video courses". I see more and more people posting video courses on Gumroad. An advantage of Udemy is a much larger audience.
  5. M

    New SaaS Business Model: Free vs. "Fremium" vs. Subscription Only

    SAAS / APPS EXECUTION QUESTION 
    All, appreciate the insights. Yes, the app is "sticky". Freemium also allows me to attempt to sell "add on" services to the non paying group.
  6. M

    New SaaS Business Model: Free vs. "Fremium" vs. Subscription Only

    SAAS / APPS EXECUTION QUESTION 
    Hi All. I am investing into an app for financial management to solve my own problem. Shared with a few friends, who starting using it as a beta test for me. Now that the model is working to my satisfaction, and my test groups, I'm a couple months away from a formal "launch" (still have a bit...
  7. M

    Who is successful with out of state vacation rentals?

    AIRBNB REAL ESTATE 
    Targeting retirement in 10 years. I have cash set aside to invest into a couple rentals in SW Florida. While I've owned local rentals, I have not owned vacation style rentals to pay off. I'm targeting condos for short term rentals in vacation areas. But will consider annual rentals as well...
  8. M

    Move to a Pre-IPO company from a Massive Large Software Company

    MINDSET 
    I've been at a large software company for 21 years. Been a great run, made great money, and lots of friends. Still have another 8 years of working to go, which I could continue to do pretty well here. I came across a pre-IPO company who is building products to grow in the Cloud space where I...
  9. M

    Move to start up job from big company?

    MINDSET 
    I've been at a large software company for 21 years. Been a great run, made great money, and lots of friends. Still have another 8 years of working to go, which I could continue to do pretty well here. I came across a pre-IPO company who is building products to grow in the Cloud space where I...
  10. M

    From $0 to $ 5k+ / month in 5 months

    NOTABLE! HOT! 
    Hey Soder. I was checking back to see your progress today. You've inspired me to create my product, make it ready for digital download, create a gumroad account, create a FB page and group. Next is to test out the purchase and download process. Invest time into FB targeted ads to drive product...
  11. M

    From $0 to $ 5k+ / month in 5 months

    NOTABLE! HOT! 
    Soder. Great thread, inspiration, thank you for posting. I built a tool that I have given to friends for free. Then referrals come my way, but I have not been charging for it. So I know I have a product that others will buy (value). And its my passion so if I can get started somehow, then I...
  12. M

    [Progress] Newbie. Jumped in, bought 1st online biz. Goal to flip for $100k profit in 12 months.

    EXECUTION 
    I bought an existing site The ratio I paid was 2x current monthly profit My goal was to increase monthly profit, and get 3x sales price while collecting monthly subscriptions I was able to increase monthly revenue by creating new services for customers to buy. For every $1 of increased...
  13. M

    [Progress] Newbie. Jumped in, bought 1st online biz. Goal to flip for $100k profit in 12 months.

    EXECUTION 
    I accomplished my goal. I bought the site for 50k, pulled in 25k revenue, then sold it for 100k. So while 25k short of my $100k goal, I did flip it in 6 months. Had a nice offer come in so jumped on it. I think there could have been a path to more returns, but not without high risk. But my...
  14. M

    [Progress] Newbie. Jumped in, bought 1st online biz. Goal to flip for $100k profit in 12 months.

    EXECUTION 
    jdm.. I like the thinking. I'll need to put more thought into this. Ideally I need to get feedback from my clients on what problem I can help them solve. Not sure the best way to do that yet.
  15. M

    [Progress] Newbie. Jumped in, bought 1st online biz. Goal to flip for $100k profit in 12 months.

    EXECUTION 
    Check out flippa, empire flippers, lots of them out there now
  16. M

    [Progress] Newbie. Jumped in, bought 1st online biz. Goal to flip for $100k profit in 12 months.

    EXECUTION 
    1. There is a directory by city, where web firm post their info for free. 2. There is a "top 10 firms" by category (web design / mobile / etc) where the firms pay to be in the top 10. The more they pay, the higher their rank. I drive traffic through google search, page 1 for most web firm...
  17. M

    [Progress] Newbie. Jumped in, bought 1st online biz. Goal to flip for $100k profit in 12 months.

    EXECUTION 
    Andy, great suggestions. I'm going to spend the weekend digging into this. Please keep any ideas or suggestions coming :) "a smart man learns from his mistakes. a wise man learns from others mistakes".
  18. M

    [Progress] Newbie. Jumped in, bought 1st online biz. Goal to flip for $100k profit in 12 months.

    EXECUTION 
    Bio, heck ya I agree... but I had only a few hours to decide on this one so I jumped in. I originally did this purchase to pay for my R8 (60k purchase for 30k annual profit covers payments). However the more I dig into it, there's a ton of upside here! I made the decision to set bigger goals...
  19. M

    [Progress] Newbie. Jumped in, bought 1st online biz. Goal to flip for $100k profit in 12 months.

    EXECUTION 
    The site I bought started as a directory site that has been around for 15 years. I did evaluate a number of business templates "pre built", but I figured better to pay the premium for something already working with revenue that I can run vs. investing 1 to 2 years for the risk of no results.
  20. M

    [Progress] Newbie. Jumped in, bought 1st online biz. Goal to flip for $100k profit in 12 months.

    EXECUTION 
    While I've had a nice corp sales career, I'm always thinking about ways to make extra income streams. Stocks, Bonds, and Real Estate have treated me well. But I'm always thinking about ways for additional income. I was first inspired by biophase thread of buying an online biz to pay for a...

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