We finish our first operating year with $25,000 in revenue
Thank you so much for waiting. This week, I was forced to postpone the newsletter because there were no internet and electricity in Ukraine due to the Russian attacks.
For this reason, I bought a generator and soon will buy a Starlink, so I can work anywhere regardless of the circumstances. Currently, the situation is controlled and more stable.
Today, I'll share our revenue stats, key learnings, and a new startup acquired in one week for 90x MRR.
Besides this, I added a new section called growth snack, describing how we would grow the project if we were a buyer in the interactive form of a Twitter thread. If you don't like it, please let me know. Later we'll have threads on how to build the project if you were a founder.
Welcome to the 54 new people joining this week.
Let me know what you think of your first issue. Replying helps Google realize it’s not spam.
Prefer Twitter? Drop me a DM here.
Prefer LinkedIn? Reach out to me here.
Now let’s crack on with the newsletter ☕️
📈 Annual revenue update
In a few days, our first subscriptions from early users will renew. And for this reason, I'd like to share our revenue stats for our first year.
When I started Microns, a standard annual subscription price started at $99. It was very tough to convince people to pay for access to 30 listings and the potential to grow, but everything started small.
I value my early adopters, and thus, I will keep the price for their lifetime of using Microns. The price will stay the same for as long as you pay for the subscription.
I didn't have millions in my pocket when I started. I didn't raise any investments. My team and I achieved these results because of consistency and hard work; nothing else matters.
If we did this, then you definitely can do this with your next micro-SaaS, e-commerce, or mobile app. Just believe in your startup and have a clear goal of helping others.
🎉 Recently sold startup
This week we sold one more startup. It was a cold outreach tool specifically for Twitter. The founder worked on the project for three months before selling and reached an insanely 90x MRR exit. This deal happened so fast in one week.
When I started Microns, one of the first people I found in the space was Andrew Pierno. He co-founded XO Capital, a company that acquires, grows, and sells small online businesses.
I love his newsletter, where he writes about his acquisitions and developing project strategies. These stories inspired me. He was undoubtedly my idol, and I wanted him to become my customer.
And boom, he became our customer and made a snackquisition. In his recent newsletter, he described how he plans to 10x the investment in three months. I'm excited to see it!
After all, Andrew, we must do an interview when this happens so more people can inspire by your example.
📰 Looking for new owners
$100 in TTM revenue
Business model: Freemium + One-time purchase
Target audience: Developers and marketers using the Mailpoet newsletter plugin for WordPress
Built with PHP and WordPress
Founded in 2020
Growth advice: Cold outreach and leverage the WP marketplace
🔥 Asking Price: $500
Business model: Free
Target audience: Students
Built with Softr and Airtable
Founded in 2021
Growth advice: Sell paid packages to course providers
🔥 Asking Price: $3,000
$26,000 in ARR
Business model: $97/month subscription and DFY service upsell
Target audience: Shopify and AliExpress users
Built with Bootstrap, Flask, and MySQL
Founded in 2018
Growth advice: Outreach to e-commerce store owners, affiliate marketing, and paid ads
🔥 Asking Price: $90,000
🌱 Growth snack
It's a new format, so I would love it if you shared some feedback so we can improve over time.
ℹ️ To acquire this and other startups, you only need to purchase our premium subscription. We don't charge the commission from our buyers.
Find where your car is parked easily. There is a lot of opportunity for growth by investing in marketing, implementing new features, and improving overall usability. Built with Android and Firebase.
💡 Wisdom from subscriber
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You can read our previous issue about being a good startup seller.
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