Upgrade to Pro
— share decks privately, control downloads, hide ads and more …
Speaker Deck
Features
Speaker Deck
PRO
Sign in
Sign up for free
Search
Search
From Idea to $5000 a Month in 5 Months
Search
Josh Pigford
April 14, 2014
Business
381
46k
From Idea to $5000 a Month in 5 Months
My MicroConf 2014 talk on growing Baremetrics.
https://baremetrics.io
https://demo.baremetrics.io
Josh Pigford
April 14, 2014
Tweet
Share
More Decks by Josh Pigford
See All by Josh Pigford
Baremetrics State of the Metric: Austin 2016
shpigford
4
3.8k
4 Signs Your Business is Dying
shpigford
182
22k
Products: Ship ‘em & Kill ‘em Fast & Frequently
shpigford
29
3.8k
Other Decks in Business
See All in Business
マリッシュサービス資料
marrish
0
190
unnameカルチャーブック 2025.02.21 update
unnameinc
6
16k
株式会社スピークバディ 会社紹介資料
speakbuddy
1
220k
キャッチアップ 会社紹介
catchup
0
220
ログから学ぶKubernetes
googlecloudjapan
1
280
粉末食品のOEM:三求化学工業
sankyu_chemical_industry
0
110
TSUIDE_採用ピッチ資料
tsuide
0
150
ACES_エンジニア向け採用資料.pdf
aces
0
330
第3回関東Kaggler会 LT Kaggleはうつ病患者の役に立つ
utm529f
2
170
SendGrid Night #10「Email Activityの活用法」
adaisukev
0
140
anveil_companydeck_2025
anveilpr
0
270
VISASQ: ABOUT US
eikohashiba
15
480k
Featured
See All Featured
A better future with KSS
kneath
238
17k
Understanding Cognitive Biases in Performance Measurement
bluesmoon
27
1.6k
Keith and Marios Guide to Fast Websites
keithpitt
411
22k
Put a Button on it: Removing Barriers to Going Fast.
kastner
60
3.7k
A Philosophy of Restraint
colly
203
16k
個人開発の失敗を避けるイケてる考え方 / tips for indie hackers
panda_program
100
18k
Why You Should Never Use an ORM
jnunemaker
PRO
55
9.2k
[RailsConf 2023 Opening Keynote] The Magic of Rails
eileencodes
28
9.3k
Rebuilding a faster, lazier Slack
samanthasiow
80
8.8k
Statistics for Hackers
jakevdp
797
220k
It's Worth the Effort
3n
184
28k
Let's Do A Bunch of Simple Stuff to Make Websites Faster
chriscoyier
507
140k
Transcript
From Idea to $5000 a Month in 5 Months What
I learned building baremetrics.io
Josh Pigford @Shpigford
baremetrics.io
demo.baremetrics.io
Brief History
IDEA October 14
LAUNCHED November 14
Month 1 TIMELINE $0
Month 2 TIMELINE $1000 + 21
Month 3 TIMELINE $1650 + 30
Month 4 TIMELINE $3200 + 64
Month 5 TIMELINE $5300 + 94
Month 6 TIMELINE $8300 + 125
IN 1 YEAR SILICON VALLEY CRYSTAL BALL $4,100,000 + 65,000
5 Takeaways
Build what you need, not what you think others need
You have a problem. Chances are you’re not a unicorn.
Worst case: You solved your own problem.
Charge from day one
All those product validation tips?
Bogus.
There is only one type of validation.
Money.
Charging money shouldn’t be scary.
Saving someone time or money or creating value?
Charge for it.
Think it’s not ready? Chances are, it is.
Stop trying to attain the perfect product
“If you are not embarrassed by the first version of
your product, you’ve launched too late.” Reid Hoffman, LinkedIn
First version of Baremetrics? • Half the metrics • Forced
stats in to calendar months • No deep-diving in to data • Updated once per day
First $2,000 of MRR came from that
Bought time to learn the intricacies of the problem I
was solving
2 months after launch: Rebuilt from scratch Result: Doubled MRR
Ship fast Ship frequently
8 days of design & development
Spread across 30 days of juggling clients, 2 other SaaS
products and international travel for 10 days
Ship it fast: you have no excuse.
After you ship it fast, keep shipping it fast
Shoot for small pieces of larger features
Price for the customers you want
$9 customer is an entirely different customer than $99
Focus on customers that aren’t price conscious
General Rule If the businesses you target don’t charge much
money, don’t expect to make much money from them.
1. Build what you need 2. Charge from day one
3. Stop trying to attain perfection 4. Ship fast & frequently 5. Price for customers you want
Josh Pigford @Shpigford josh@joshpigford.com
shpig.me/ideato5k