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The 10k Bootstrap Challenge

bootstrapchallenge.com

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Re: The 10k Bootstrap Challenge

#32
Hey guys! Thanks for the support. You caught me pretty early in the process, so not terribly much to show just yet, but I hope you'll stick around for the ride.

If you're curious, the first product I'm trying to make profitable (and the one whose numbers I reference in the video) is at http://whattowrite.org

But, as I say, the stats on it are pretty bleak at the moment (I need to improve the funnel performance by ~1000%). I may end up spending 2 weeks invalidating it and then move on to greener pastures.

Regarding the amount of money and number of months it gives me, I chose the amount (10k) in order to give myself 4 months, rather than the other way around. 4 months feels about right. If I could live happily on £1k per month, I would have made it the £4k bootstrap challenge ;)

Thanks again!

Re: The 10k Bootstrap Challenge

#33
post #13

Earlier quoted context omitted.

Living in London was quite expensive for me. He estimates four months: "All my expenses come from the £10k but I can only make money from products (e.g. no consulting). London is expensive, so this gives me about 4 months."

Spending £2.5k/month to live in London? In your experience, how accurate does that sound?

That's about me, post-tax for the past two years I think. Would go a lot further if I were single, but we can afford to rent a decent-sized 2-bedroom flat in a nice area without having to pinch pennies.

Re: The 10k Bootstrap Challenge

#35
post #32

Hey guys! Thanks for the support. You caught me pretty early in the process, so not terribly much to show just yet, but I hope you'll stick around for the ride. If you're curious, the first product I'm trying to make profitable (and the one whose numbers I reference in the video) is at http://whattowrite.org But, as I say, the stats on it are pretty bleak at the moment (I need to improve the funnel performance by ~10…

Good concept.

What is the writers site built with andhow will it generate revenue?

Are you adopting a lean startup approach?

Good luck.

Re: The 10k Bootstrap Challenge

#38
post #7

I did this about a year ago. It took me about 2 months to get self sustaining and 6 months to reach my previous salary. Been thinking about writing it up, maybe I should go ahead and do it. Good luck, living off income from things you make is a great thing.

Yes...please do!

I need all the encouragement I can get.

Re: The 10k Bootstrap Challenge

#39
post #7

I did this about a year ago. It took me about 2 months to get self sustaining and 6 months to reach my previous salary. Been thinking about writing it up, maybe I should go ahead and do it. Good luck, living off income from things you make is a great thing.

please, do it

Re: The 10k Bootstrap Challenge

#40
post #7

I did this about a year ago. It took me about 2 months to get self sustaining and 6 months to reach my previous salary. Been thinking about writing it up, maybe I should go ahead and do it. Good luck, living off income from things you make is a great thing.

Please share. I will even pay for such sharing.
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