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
377
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
3.6k
4 Signs Your Business is Dying
shpigford
178
21k
Products: Ship ‘em & Kill ‘em Fast & Frequently
shpigford
29
3.7k
Other Decks in Business
See All in Business
FAST COMPANY DECK
fastinc
0
350
PMにとってスキルより大事なもの
pakugoku
0
210
BALLAS 事業紹介資料
ballas_inc
0
400
LGBTQ__support_WOMEN_女性として働くということ_DEI
freee
1
270
CompanyDeck_v5.0.pdf
xid
2
15k
recruit
dxyz
0
7.9k
株式会社アトラエ|会社紹介資料 / Join us
atrae
12
420k
devsumi-2024-summer
onigra
2
510
サスメド株式会社 Culture Deck
susmed
0
33k
ties|クラウド顧客・案件管理システム - サービスのご紹介
so_kotani
1
240
自己解決を支える検索技術と改善サイクル
akiroom
0
300
相続チェックリスト
wf714201
0
270
Featured
See All Featured
Leading Effective Engineering Teams 2024
addyosmani
3
300
Navigating Team Friction
lara
181
13k
Building a Scalable Design System with Sketch
lauravandoore
458
32k
"I'm Feeling Lucky" - Building Great Search Experiences for Today's Users (#IAC19)
danielanewman
224
21k
RailsConf & Balkan Ruby 2019: The Past, Present, and Future of Rails at GitHub
eileencodes
129
32k
5 minutes of I Can Smell Your CMS
philhawksworth
200
19k
Thoughts on Productivity
jonyablonski
64
4.1k
ピンチをチャンスに:未来をつくるプロダクトロードマップ #pmconf2020
aki_iinuma
90
47k
Code Review Best Practice
trishagee
58
16k
The Mythical Team-Month
searls
217
43k
Creatively Recalculating Your Daily Design Routine
revolveconf
214
11k
Building an army of robots
kneath
301
42k
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
[email protected]
shpig.me/ideato5k