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From a Mailchimp email and Wufoo form to $25k in 3 months

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Re: From a Mailchimp email and Wufoo form to $25k in 3 months

#21

Post by rubiquity »

mikaelcho wrote: post #11
starrhorne wrote: post #7

Is that $25k in revenue? Profit? Or total transactions from which you take a %? Just curious. I really like your lean approach.

That 25k number was total transactions from which we take a 15 percent commission.

So you've made $3,750 in three months?

Re: From a Mailchimp email and Wufoo form to $25k in 3 months

#23

Post by joelgascoigne »

rubiquity wrote: post #21
mikaelcho wrote: post #11

Earlier quoted context omitted.

That 25k number was total transactions from which we take a 15 percent commission.

So you've made $3,750 in three months?

$3,750 in 3 months is not bad at all. It is super difficult to get something off the ground. Once you're in motion, it can grow pretty fast.

Re: From a Mailchimp email and Wufoo form to $25k in 3 months

#24

Post by rubiquity »

joelgascoigne wrote: post #23
rubiquity wrote: post #21

Earlier quoted context omitted.

So you've made $3,750 in three months?

$3,750 in 3 months is not bad at all. It is super difficult to get something off the ground. Once you're in motion, it can grow pretty fast.

I wasn't scoffing at the number, I was clarifying the honesty of the number.

Re: From a Mailchimp email and Wufoo form to $25k in 3 months

#25

Post by biot »

rubiquity wrote: post #21
mikaelcho wrote: post #11

Earlier quoted context omitted.

That 25k number was total transactions from which we take a 15 percent commission.

So you've made $3,750 in three months?

And don't miss this paragraph from the article:

  "We’ve now approved over $700k worth of projects in the last
   five months and our rate of accepted projects has been growing
   at an average of almost 30 percent monthly."
Booked commission revenue is over $100K for those five months. Given that growth is ramping up, they're likely booking over $30K in commissions per month now. Actual commission revenue is undoubtedly less due to abandoned projects, non-payments, refunds, and so on. However that's a healthy business and huge kudos to them for a great MVP example.

Re: From a Mailchimp email and Wufoo form to $25k in 3 months

#27

Post by namwen »

rubiquity wrote: post #21
mikaelcho wrote: post #11

Earlier quoted context omitted.

That 25k number was total transactions from which we take a 15 percent commission.

So you've made $3,750 in three months?

If you read further you'll see that as of now they've handled over 700k in transactions.

Re: From a Mailchimp email and Wufoo form to $25k in 3 months

#30

Post by k-mcgrady »

Thanks for writing this. I'm launching a product this month and while building it I regularly fall into the trap of trying to create the vision I have in my my head that's fully automated rather than the MVP that requires some manual operation.

Your post reminded me of the recent PG essay [1] "Do Things that Don't Scale" which I also found really useful.

[1] http://paulgraham.com/ds.html

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