We received our first offer from England buyer
Hope you're doing great.
This week we've got our first offer from one serious buyer. Nice guy.
Recently, we started interviewing our sellers who made a deal on Microns. It should be a set of valuable interviews for startup founders.
Also, my team started fascinating research where we analyzed our competitors and wrote about pros and cons comparing them to Microns. Even I didn't know many things.
Besides this, I improved some of our internal processes, including operations and management, so more things started working efficiently. But, still, a lot of stuff on the plate to improve.
P.S. Don't forget to optimize things your users won't see but will feel.
Welcome to the 49 new people joining this week.
Let me know what you think of your first issue. Replying helps Google realize it’s not spam.
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Now let’s crack on with the newsletter ☕️
😁 First offer from subscriber
Yeah, we've got our first offer from the subscriber who has been following Microns journey almost from the start. And I was excited.
This gives me even more motivation bootstrapping Microns to $100k ARR. Really love the company, my team, and my customers.
I'm glad that people see real value behind the business. Don't worry, I rejected the offer.
🤝 Interview with seller ($10k deal)
Today's guest sold his project for $10k on Microns, and it was one of the biggest deals one year ago. His story is so inspiring that I wanted to share it with you.
It's a direct example of how you can build a successful project by solving your problems.
Give us a brief intro into your background and what started your journey as a founder?
I was introduced to programming in 8th grade, but got serious about it the summer after my sophomore year of high school.
When it came to programming, what always stood out to me was the ability to create something from scratch (on your desktop or laptop in your bedroom) and allow anyone in the world to access it almost instantly once you deploy it.
So I guess the journey began with the craving to build something people want to use and diving into how I can make that a reality with software.
How did you come up with automating Tinder swipes? It's actually a really useful idea, saves hours.
Honestly, I was swiping on Tinder one day and was fed up with it.
I knew that with every swipe, a network request had to be initiated from the application itself, so I searched the web for the endpoint that handled swiping and started building out the bot.
Swiping bots existed already, but I wanted to add additional features for my own bot.
Also, no one turned their bot into an actual web service (most people can't dive into the code, configure it with their preferences, and run it).
What made you decide to sell it, as opposed to growing it further?
I wanted to work on a new idea I had.
How did you get your first 10 customers on SwipeBot?
What is your current go-to tech stack and what makes it so special?
I like to experiment with new stacks, but for SwipeBot, it was the following:
- Namecheap, Cloudflare, SendGrid, Stripe, AWS, Digital Ocean, MongoDB Atlas, Terraform, and GitHub.
What are you currently building? Give us a sneak peek.
I've been fascinated with Bitcoin and Ethereum since 2016 (and now the rise of DeFi (Decentralized Finance)), so I decided to work on the following project in my free time.
Documentation (WIP): https://docs.softlink.finance
Is there any advice you'd like to share with first time founders looking to build an awesome business?
Not my original idea, but find an interesting problem that you know you would enjoy solving for weeks, months, and years.
Also, it helps if you're experiencing the problem firsthand because you'll be able to think of a real solution for it much faster.
😮 Microns vs MicroAcquire
I wrote this article because I wanted to dive deep and analyze all of our competitors.
This post contains facts and interesting insights our team found while researching MicroAcquire and comparing it to Microns.
Microns is one of MicroAcquire’s best alternative marketplaces for buying and selling online businesses. However, Microns is a marketplace that appeals to a different audience...
📰 Looking for new owners
Business model: Sponsorships
Target audience: People interested in politics and current affairs
Built with Substack
Founded in 2022
What I like: Small newsletter with fresh and active subscriber base, great opportunity for bigger newsletters to merge this one.
Concerns: Need to understand the reason why the seller didn't grow it further.
🔥 Asking Price: $600
$5,840 in ARR
Business model: SaaS and Lifetime Deals
Target audience: Marketers, bloggers and agencies
Built with Bubble and GPT-3
Founded in 2022
What I like: Validated concept with customers and traction, low expenses, simple tech stack, and support from the seller.
Concerns: All revenue generated from lifetime deals, figure out obligations for current users.
🔥 Asking Price: $12,000
$72,000 in ARR
Business model: Freemium
Target audience: Shopify merchants
Built with React and Ruby on Rails
Founded in 2021
What I like: Powerful project with 90% margin, all growth is organic, ranked number one in category, seller is open to negotiations.
Concerns: One of our community members mentioned that recently Shopify introduced OS 2.0, so you must do proper due diligence.
🔥 Asking Price: $500,000
💡 Wisdom from subscriber
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