That is insane revenue <3
That's pretty tiny revenue. It's about the turnover of a restaurant (pre-coronavirus).
Seems like there is very little overhead, so the profit must be huge unlike restaurants.
Wavve: making $76k a month turning podcasts into videos
131–140 of 145 posts
Re: Wavve: making $76k a month turning podcasts into videos
#132Earlier quoted context omitted.
There's probably more people who see a successful product in a space (thus social proofing the brand) and want to pay to use it than those who will actually pull their finger out and build a competitor.
"There's probably more people who see a successful product in a space (thus social proofing the brand) and want to pay to use it than those who will actually pull their finger out and build a competitor." Of course there are, in fact I drove a few customers to them based on this post! Never heard of the service before and it looks interesting in the right setting. However, it only takes 1 or 2 determined competitive…
> I know entrepreneurs / developers sitting on both sides of this table - doing the copying and being copied.
Exactly - if there's a successful business format, it wont stay a niche product without copycats forever. It's unlikely that showing your revenues will have any greater impact than being a number one featured product through any other route.
You can be copied if you stay silent and just do direct sales as well - if you're a company reliant on broad reach of a semi-technical, small-business (/revenue aspirational) audience, it seems like it's worth the risk.
Re: Wavve: making $76k a month turning podcasts into videos
#133I made a similar website here inspired by wavve https://0work.co
I really miss a preview / demo here. With wavve, I instantly see how the shared clip will look like. I can even scroll down to the social media links and see a lot of examples directly in instagram / twitter / facebook.
Added a demo on the homepage.
Re: Wavve: making $76k a month turning podcasts into videos
#134Question related to video encoding: We are spending quite a bit of money on Amazon ElasticTranscoder for video encoding. Wondering if anyone had experience or advices to selfhost that kind of service? Any project I should consider for a proof of concept?
Elastic Transcoder is hilariously expensive. And in traditional Amazon fashion, is just a roundabout way to call ffmpeg. You would almost certainly be better off bundling ffmpeg into a Lambda function, and you would almost certainly be best off with an EC2 instance, two S3 buckets for the input/output, and an SQS work queue. Check out https://github.com/binoculars/aws-lambda-ffmpeg .
Exactly what I was looking for lately. Thank you!
Re: Wavve: making $76k a month turning podcasts into videos
#135Earlier quoted context omitted.
All fair points, a mix of which some focus on customer benefit and others on benefit to the business. Perhaps the motivation behind my question was wondering whether there’s an opportunity to eat SaaS margins with products that compete by changing the distribution, and whether there’s any market data to support that hypothesis. 1, 4, and 6 align with the customer. 4 could be alleviated even with a local application a…
Number two certainly benefits the consumer, speaking as a consumer. Back in the old days you had the choice of paying hundreds of dollars for some software, then hundreds more for the next version, then hundreds more for the next one and so on. And if you wanted to try it but wasn't sure you'd actually use it, you either had to pray there was a demo or pay the full price and deal with the consequences. Microsoft Offi…
All of your concerns are alleviated with a simple return policy. (A customer-focused benefit.)
Re: Wavve: making $76k a month turning podcasts into videos
#136Earlier quoted context omitted.
All fair points, a mix of which some focus on customer benefit and others on benefit to the business. Perhaps the motivation behind my question was wondering whether there’s an opportunity to eat SaaS margins with products that compete by changing the distribution, and whether there’s any market data to support that hypothesis. 1, 4, and 6 align with the customer. 4 could be alleviated even with a local application a…
A eureka moment is realizing that customers interests are actually aligned with businesses being profitable. If the business provides the customer with something they want - and they usually do, if the customer is willing to pay them money at all - then it is in their best interest for the business to continue operating, which means it is in their interest for the business to have a profitable business model. This is…
I'm not disputing that customer interests are aligned with a business's profitability insomuch as they'll be around to continue to provide you the product or service you want. We agree here.
I'm simply wondering if there's a "your margin is my opportunity" play here where a company could devour SaaS companies by changing the distribution model. That's all. This thought has been banging around in my head for the past couple years due to a few data points, but I haven't had time to formally test the hypothesis.
That's all it is: a hypothesis that there's an opportunity here to change the distribution model to one that focuses on the customer and destroy a large number of SaaS models.
Re: Wavve: making $76k a month turning podcasts into videos
#137Earlier quoted context omitted.
All fair points, a mix of which some focus on customer benefit and others on benefit to the business. Perhaps the motivation behind my question was wondering whether there’s an opportunity to eat SaaS margins with products that compete by changing the distribution, and whether there’s any market data to support that hypothesis. 1, 4, and 6 align with the customer. 4 could be alleviated even with a local application a…
Anytime a business model allows a company to profitably provide a product that a customer wants, its good for both the consumer and producer - barring negative externalities. The alternative is the company going out of business and not providing the product or the company’s founders getting acqui-hired followed by a final “Our Amazing Journey” blog post before the product is cancelled.
> Anytime a business model allows a company to profitably provide a product that a customer wants, its good for both the consumer and producer
I never said anything to the contrary?
Re: Wavve: making $76k a month turning podcasts into videos
#138Earlier quoted context omitted.
"There's probably more people who see a successful product in a space (thus social proofing the brand) and want to pay to use it than those who will actually pull their finger out and build a competitor." Of course there are, in fact I drove a few customers to them based on this post! Never heard of the service before and it looks interesting in the right setting. However, it only takes 1 or 2 determined competitive…
My take on this is if the market is big, it's not going to matter anyways since large markets will naturally attract competitors based on the amount of people screaming for solutions. If it's a niche however, you're probably best keeping to yourself about it. One caveat is if your target market is entrepreneurs then being open about it might help differentiate yourself from competitors.
Totally. And depends on what the upside of signaling is? Some entrepreneurs like to drop their numbers so that they can generate competitive inbound finance or acquisition interest without having to shop round. It also attracts talent. Transparency can be an incredible powerful competitive advantage too.
Re: Wavve: making $76k a month turning podcasts into videos
#139Earlier quoted context omitted.
Number two certainly benefits the consumer, speaking as a consumer. Back in the old days you had the choice of paying hundreds of dollars for some software, then hundreds more for the next version, then hundreds more for the next one and so on. And if you wanted to try it but wasn't sure you'd actually use it, you either had to pray there was a demo or pay the full price and deal with the consequences. Microsoft Offi…
All of your concerns are alleviated with a simple return policy. (A customer-focused benefit.)
How much software have you bought that has a return policy? Darn near every software product I’ve ever bought specifically says there is no return policy after the license key has been entered.
Re: Wavve: making $76k a month turning podcasts into videos
#140Earlier quoted context omitted.
I had a customer openly admit to me that they had been using a pirated version of my app until now. Pretty crazy when you see your own app on torrent sites.
Only when your goal is making money and not making apps to further humanity
I thought the idea was that you were allowed to make money by furthering humanity?
I've spent a lot of time on my app and I still had to pay people to help do the app.