I hope it was high six figures, because a product with that much recurring revenue that’s several years old should get at least 5x multiplier unless there’s something weird going on.
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#52I can only imagine your lifestyle in India with $18,036 / month , that's probably the equivalent of making 60k a month in the US? Wish you the best, I'm inspired.
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#53I noticed MRR is the key measure reported by startups. I've seen some startups in really saturated markets have very high MRR and it made me wonder if they're just spending $.99 of every $1 on ads so really they do not make any profit but high revenue. Can you comment on profit vs revenue?
Just to dive into this, most advertising people are tracking "ROAS", Return on Ad Spend, so for every dollar you are spending in advertising, how much do you get back. Depending on your situation you may target different roas numbers and find it acceptable.
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#54I can only imagine your lifestyle in India with $18,036 / month , that's probably the equivalent of making 60k a month in the US? Wish you the best, I'm inspired.
No, it's the equivalent of making ~$18,036 / month. Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"? I make more than the OP and live in his/her part of the world. Luxury items are more expensive than they are in the US. That bigger house you can afford? You're still paying US prices or higher for your furniture and appliances. Same goes for autos, edu, cars, wine, dining, etc. Generally…
> Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"?
they, do? Global pricing of the same product is vastly different depending on regions. If there is an Italian and a Nepalese market for a handbag, that same bag could selld for twice as much in Italy. Just look at videogame prices!
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#55Nice bro. Wish u all the best
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#56Great success, thanks for sharing!
Why did you sell now instead of building for a few more years? If you had hit $30-50k per month you probably could have sold it for enough to be financially independent for life. Were you bored or burned out? Or did growing it further require things that you didn’t want to do?
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#57I can only imagine your lifestyle in India with $18,036 / month , that's probably the equivalent of making 60k a month in the US? Wish you the best, I'm inspired.
No, it's the equivalent of making ~$18,036 / month. Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"? I make more than the OP and live in his/her part of the world. Luxury items are more expensive than they are in the US. That bigger house you can afford? You're still paying US prices or higher for your furniture and appliances. Same goes for autos, edu, cars, wine, dining, etc. Generally…
Biggest expenses are food and rent. Those aren’t cheaper in India?
Your point is taken, but like, I don’t have a monthly line-item for Mercedes.
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#58Maybe I'm a little thick today, but can someone explain what NoCodeApi does? I watched the video on the site and I still don't understand the value added here. Is it just proxying calls to various APIs?
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#59Earlier quoted context omitted.
No, it's the equivalent of making ~$18,036 / month. Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"? I make more than the OP and live in his/her part of the world. Luxury items are more expensive than they are in the US. That bigger house you can afford? You're still paying US prices or higher for your furniture and appliances. Same goes for autos, edu, cars, wine, dining, etc. Generally…
> Do you think Mercedes makes a cheap version of an SLK for the "poor Indians"? they, do? Global pricing of the same product is vastly different depending on regions. If there is an Italian and a Nepalese market for a handbag, that same bag could selld for twice as much in Italy. Just look at videogame prices!
They don't. Not cars, not electronics, not house appliances. As was said elsewhere - these are more expensive in poorer countries, not cheaper. Maybe handbags/other apparel, but I don't buy that.
As someone coming from a poorer country, I'd check if it really is the same item - usually what happens is that they produce a cheaper version out of cheaper materials and with lesser service commitment that costs almost the same price (80-95%) as the better item in a rich country.
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#60What did the website do that you built with the Twitter API in 11 hours?