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Reaching $10k monthly revenue with WakaTime, my SaaS side project

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61–70 of 174 posts

Re: Reaching $10k monthly revenue with WakaTime, my SaaS side project

#61
post #36

Is it me or is it nuts to be paying $1,600 a month on servers when you have just over 1000 users? Seems like something that could be run on a $50-$100 VPS.

We are paying $5000 per month to GCP and $1000 per month to Amazon, we've 300 users paying $300 a month each. Stack : Ruby, Go, PHP (for some integration), JavaScript (Stuck on Angular v1)

7% on hosting revenue sounds like a great accomplishment but what's relatively a good ratio to look at?

Re: Reaching $10k monthly revenue with WakaTime, my SaaS side project

#62
post #50
post #36

Is it me or is it nuts to be paying $1,600 a month on servers when you have just over 1000 users? Seems like something that could be run on a $50-$100 VPS.

That's the number of users who are paying. He mentions that he has over 100K total users. That raises an issue with this sort of model that I've never really understood: if only ~1% of users are paying, it seems like very small changes in conversion rate could make or break the business. Suppose the conversion rate goes down by just 0.3%. That would be a 30% reduction in revenue while you still have to run the infras…

That's not a real risk. That's an outcome. A risk is something that LED to that drop in conversion. It could be a competitor coming in with the same feature set, or something else. But a drop in conversion is not a risk, it's an outcome.

Re: Reaching $10k monthly revenue with WakaTime, my SaaS side project

#63
post #36

Is it me or is it nuts to be paying $1,600 a month on servers when you have just over 1000 users? Seems like something that could be run on a $50-$100 VPS.

And note that's after cutting that bill in half by moving off AWS.

Re: Reaching $10k monthly revenue with WakaTime, my SaaS side project

#64
post #19

Earlier quoted context omitted.

That's what people have said about passwords with password managers, private keys with keybase, their servers and legal documents with AWS and docusign, their banking with online banking, etc etc. The list goes on and on. This kind of thing doesn't stop people. I think it just means you end up with fewer good products to use.

It literally just did stop me from using this product... Just because some people choose to trust some companies with some of their data, doesn't mean that it isn't a valid issue.

> This kind of thing doesn't stop people. I think it just means you end up with fewer good products to use.

To be more clear. This won't stop the vast majority of people. They want to use good products. If it's good, they will use it.

Re: Reaching $10k monthly revenue with WakaTime, my SaaS side project

#65

Wakatime's HN launch: https://news.ycombinator.com/item?id=6046227

I love how so many of the top comments are people telling him to make changes and that this isn't what they want. 100k users later...

So you love that people give feedback? Just because the application is now popular doesn't make that feedback invalid.

Re: Reaching $10k monthly revenue with WakaTime, my SaaS side project

#66
I must voice concerns regarding this product. Just took a look at the Notepad++ plugin (https://github.com/wakatime/notepadpp-wakatime), because this is something I know a lot about. To begin with, it sends filenames to the mother ship instead of just the programming language. I would consider filenames to be sensitive information giving a very good idea of the project you are working on...

Also problematic is the fact that plugin is doing almost nothing; instead it downloads Python from the official place, downloads a whole Python project (called CLI) and executes it. Also, there's an automatic update mechanism in place which updates the CLI every now and then. It sounds as a recipe for a disaster waiting to happen.

Edit:

I guess what I've said applies to every software with an auto-update function and that's of course quite the norm today. As ztratar pointed out, the usage of SSL provides a decent level of security. I still would wish for the user to be notified in some fashion. Also, from what I understand, the WakaTime CLI seems to have an option to hide filenames, it's just not changeable from the Notepad++ plugin.

Re: Reaching $10k monthly revenue with WakaTime, my SaaS side project

#69
post #3

Congrats on this, loved the quote. >> The best startup book is one you never open because you're too busy marketing and building your product

While that makes for a great anecdote, there are action-oriented people should not be heeding that advice. An appropriate balance between rational ignorance and analysis paralysis must be struck. Otherwise, it's left to others to deal with your predisposition towards an extreme.

Well yes, no quote applies perfectly for all situations, but IMHO there so much time being wasted on getting to know all the theoretical intricacies of startups without getting anything out there that this quote is great advice for many.

Re: Reaching $10k monthly revenue with WakaTime, my SaaS side project

#70
post #3

Congrats on this, loved the quote. >> The best startup book is one you never open because you're too busy marketing and building your product

Quote along the same lines from _why that I really like: "When you don't create things, you become defined by your tastes rather than ability."
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