Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Robert Warner

๐Ÿ‘ค Speaker
369 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

That, for us, was a big win because it allowed us to create some scarcity and urgency.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

And here's what it did.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

This is a screenshot straight from our Stripe account from last year.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

We signed up 76 paying customers in seven days, collected 22K in cash,

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

And that cash came in part because nearly 10% of our buyers bought the annual plan.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

I mean, that's a big commitment.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

You're buying an annual plan from a product that's barely out of the box.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

I mean, this thing was clearly very, very rough.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

And yet, they bought it, and it nearly doubled our cash collection, which is kind of cool.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

We'd immediately got a 12K MRR, and we'd done it all for a 5K build cost.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

So as far as a scrappy launch goes, we didn't spend a year ideating.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

We didn't spend a year planning.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

We didn't do customer research interviews.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

Anything that normal, grown-up SaaS does, we did none of that.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

All we had was a really unique idea that we knew solved a problem that we'd seen in our market for 15 years, and nobody had solved.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

So that was how we got it started.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

We then went into...

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

As I said, we were selling our agency at the time, so we were kind of not really focused on growing this product.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

It was nice MRR at the time, but that's all it was.

SaaS Interviews with CEOs, Startups, Founders
How my $5k hobby project used 1 to many selling to reach $700k ARR in a year

So what did we do?