Earn 50% for every referred buyer - the highest rate in the niche
It was a great week.
I got vaccinated yesterday so this issue will be slightly short. Feeling fuzzy.
We onboarded a few new sellers to the platform, helped with a few ongoing transactions, and increased rates for our affiliates.
We faced a few challenges in the industry that need to be solved. One is a safe and friendly asset/money exchanging service, aka escrow.
P.S. I recently browsed MicroStartups and found a worthwhile project with different lessons from micro-startup world gurus. They have quotes about SEO, Reddit, newsletters, and PH launch.
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Now let’s crack on with the newsletter ☕️
💪 Increasing our affiliate rates
Sometimes, when I read a book or article, I try to think about Microns or my other businesses. It brings me a lot of things to consider or experiment with.
After reading one book about business cases, I thought. Why do we pay only 20% of the commission to our affiliates?
So I re-calculated and decided to increase the rate from 20 to 50%. Our partners who refer paying customers to us do half of the work. So I think it would be honest.
Starting today, our affiliate program has become even more powerful. Referring only three customers who sign up for the annual plan ($199) will give you almost $300 immediately.
But besides this, I started working on Microns Promo Book, where I share ideas on how you can refer customers to us and earn more. I'll notify all our affiliates when I finish the work on it.
Throwing a few ideas, you can start with: writing a blog, sending a newsletter, or sharing on social. Include our affiliate link and earn passively.
❓ Agent, Concierge or Broker
Last week, one bad thing happened with one of our premium members. When exchanging money and assets with the seller, they agreed to use the TazaPay escrow service.
But without any reason, TazaPay blocked the seller's account and refunded the transaction to the buyer with almost a $1,000 fee.
The total transaction amount was $15k — no explanation from their side, poor support, and no service. I can't even imagine this could happen in 2022.
Before this, I heard a lot of negative about other escrow services. For example, one of my friends used escrow dot com, which worked very slowly with almost zero support.
It took my friend three weeks to wait for approval (he didn't get it), and in the end, he met the buyer in London and completed the transaction offline.
That was the last straw. Online transactions should take place online. You don't need to visit another country to make a deal unless you want to travel.
It made me think of creating a straightforward, fast, and reliable transition service. Personal, manual and with responsive support on every step.
But, of course, the first thing is always the name. Today I want to ask you what name you would prefer.
Transfer by Microns
So please reply and let me know. I count every vote. To be continued.
📰 Looking for new owners
Business model: SaaS
Target audience: Founders and Product Managers
Built with Rails, Sidekiq, PostgreSQL and AWS
Founded in 2021
What I like: Interesting idea, already built and launched product, some active users, and low expenses.
Concerns: All users are on free plan, so you'll need to experiment with monetisation and create a few paid tiers.
🔥 Asking Price: $3,000
$1,600 in annual revenue
Business model: One-time purchase
Target audience: Designers, Founders and Indie Hackers
Built with React.js, Next.js, Figma and Gumroad
Founded in 2021
What I like: No expenses, responsive seller, product-market fit, and great potential.
Concerns: Need to identify growth opportunities and ways on how to double down the revenue with existing customers.
🔥 Asking Price: $3,200
$10,000 in annual revenue
Business model: One-time payment and Subscription
Target audience: Developers, Small Businesses and Freelancers
Built with WordPress and PHP
Founded in 2020
What I like: Validated concept with bunch of customers, operating history, low expenses, and simple tech stack.
Concerns: Need to figure out if there's any additional licenses or IP involved in the sale.
🔥 Asking Price: $18,000
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