I Copied a $40K/Month SAAS Business – Here's What Happened…

[shanebird]

After wrestling with countless ideas for my SaaS venture, I decided to take a bold step and replicate a proven concept that generates $40K in Monthly Recurring Revenue (MRR). Here's how my journey unfolded and the insane results that followed.

 

[jolugibe]

@shanebird TLDR:

got 20 customers, made $2 (two), shut it down.

Lessons: there are hidden challenges, learn to communicate with customers.

 

[donn]

@jolugibe MVP this one thank you

 

[diane585]

@jolugibe Many here think business is painting by numbers and don't understand what goes into running a business. So, they end up with $2 instead of $40k.

 

[shanebird]

@jolugibe Hhhhhh, much better summary!

 

[rob4182]

@shanebird Oh stfu this whole post is just to promote your YouTube channel and should be removed

 

[03mach1mustang]

@rob4182 Wish I could upvote this more than once.

 

[gizzybiscuits]

@shanebird It got more upvotes than the post XD

 

[andrewsmith]

@gizzybiscuits We call that a ratio sir.

 

[iampassionate]

@jolugibe The video is 4 min long and I enjoyed it. The TLDR is great but if you want to support the maker by watching I personally think it would be worth your time.

 

[beckhamov]

@jolugibe Insane results!!!

 

[julia1809]

@shanebird I love this guy.

He came up with a hypothesis, conducted a proper experiment, made unbiased observations and then drew reasonable conclusions from it.

And then he shared them with us.

Good for you man. With this attitude (minus the lack of originality in product), you're on the right track.

 

[andy0]

@shanebird My guy, I was expecting some BS video with some “buy my course” at the end

Well done!

 

[shanebird]

@andy0 In fact, I made it as if I’m the only viewer.

 

[graceforyou777]

@shanebird Because you said sales and marketing isnt your strong suite, I imagine you built the software yourself?

Idk software development, so let’s say I find a software/saas I like and want to copy. I then find a person or company to develop it for me. To explain it, I just direct them to that company’s website and say “I want you to build this, minus the bells and whistles”.

How do you think they’d react

 

[thomsar]

@graceforyou777 Depends on what you're paying.

If you are paying cash money....shit I'll build any BS. If you're offering ownership/stock/etc, I've got better things to do.

 

[graceforyou777]

@thomsar My question was more, if I approached a software development company and say “I want you to build a clone of this company’s software product”, would they care or not?

It also sounds like an easy way to get sued if you end up making money.

 

[thomsar]

@graceforyou777 Depends on how egregious the clone is.

If you aren't taking source code, images, etc and aren't replicating trademarked things then you're most likely fine. Avoid specific color palettes, similar logos and names.

It's not really different than Ford designing a cool looking car and Kia making a similar looking model.

 

[shanebird]

@thomsar Well done, couldn’t be said better.

 

[graceforyou777]

@thomsar Yeah that’s what I was getting at. Thx