My side Project Made $30k in Apr 2024 (in Lifetime Deal)

[hey_dude777]

Last month we made $30,000+ from my AI SaaS (Dottypost.com) for the first time.

Here's how you can do it too

(1) Pick a problem people have, don't solve any random problem (no guessing here).

(2) Having an audience hugely increases your chances of success. Start writing. Build in public. Let people know what you're building. I do it via Twitter (@ankit_saas)

(3) Content, Distribution, Design, Building. Follow these steps in order.

(4) Launch MVP and give it for FREE. Take feedback. Iterate. and put a price.

(5) Getting initial cash for your SaaS is a huge booster. Go for LTD (Lifetime deal). Get that money in your bank.

(6) Launch LTD with a distribution partner. You won't believe how much traffic they can bring for you. No upfront cash. Win-win for both.

(7) Support is equally important and sometimes a differentiator too. Have a chat button on your app, talk to users and take feedback too.

Bonus point:Have patience. It pays eventually. It took me 8 months to make $30k in a month. Believe in the system.

P.S. Let me know your thoughts in the comments.

Edit - attaching a screenshot

https://preview.redd.it/6rgfcz5q9ty...bp&s=88a9c8194fca902a5d40dedd5b6c54608ee8d723

 

[ostinoss]

@hey_dude777 Thank you for sharing.
LTD on an AI product makes no sense.
There is a possibility that you fail. What happens then? Will you keep paying the (relatively large) AI costs for your LTD customers?

 

[mariex]

@ostinoss It makes sense for OP because he is not into long term viability. The goal is to make a quick buck on the AI hype and move into the next thing. Considering it took him almost a year to archive 30k not sure it is such a success…

 

[baptist1611]

@ostinoss I always thought the only way this would work is if the user brings therey own key

 

[hey_dude777]

@ostinoss Yeah I've already thought of that. If I haven't done LTD, it would have never taken off. My MRR customers are compensating for LTD customers. I'm here in the long run.

 

[newlight]

@hey_dude777 I think that might hurt you in the long run ngl but hopefully not

 

[tabitha007]

@newlight Every single customer will churn. I think this is a great investment – if the market is big enough, it's a drop in a bucket.

 

[pofo2020]

@tabitha007 why will they churn? b/c bad product?

 

[tabitha007]

@pofo2020 Most businesses change over time, so "product market fit" is not static.

1. Their business increases or decreases – your solution loses product market fit

2. They go bankrupt

3. They get disappointed about your customer service, mistake, product decision

4. They pay a subscription, but do not really use the product, then credit card expires and no one cares to update it

5. Competition, better offer

6. Tech / policy / law changes and the solution doesnt work for X amount of customer base

 

[coltonclark]

@hey_dude777 Can you please go into more detail about distribution partners? How it works, how to get started, etc.

 

[hey_dude777]

@coltonclark There are many LTD marketplaces. i.e. Appsumo, SaasZilla, RocketHub.. You can apply on their website. If your product is good, they'd do exclusive deal for you.

 

[jaz2016]

@hey_dude777 Any proof that you made $30k in April?

 

[hey_dude777]

@jaz2016 Screenshot attached

 

[swae]

@hey_dude777 Yeah that is undeniable proof for sure

 

[hey_dude777]

@swae Ive been building and sharing it in public

Check out my old tweet when I reached $20k

Tweet source -

https://twitter.com/x/status/1776463972431962480

You can also scroll and check older tweets. I've been open about it and sharing it on public.

 

[awefactory]

@hey_dude777 how long did it take you to build up the fist audience. do you have any tips there

 

[hey_dude777]

@awefactory Started writing on Twitter around mid-2022, now have 2k+ on Twitter

Share your learnings, failures, insights, building in public.. it works.

 

[pofo2020]

@hey_dude777 how do you get people to pick up on it when you have no followers?

 

[juliet_ndc]

@hey_dude777 What is a LTD?

 

[faith2018]

@juliet_ndc Life time deal