42 min listen
ConvertKit
ratings:
Length:
32 minutes
Released:
Oct 12, 2023
Format:
Podcast episode
Description
It’s January 2013 in Boise Idaho and Nathan just set himself an ambitious goal.
He is going to invest $5k in building a SaaS web application and aims to grow it to $5k MRR in six months.
After six months of hard grind, Nathan lands on $2,480 MRR.
Surely growth would continue up to the $5k goal over the coming months to allow Nathan to hit the goal in maybe twelve months?
Unfortunately not, by October 2014, monthly revenue had slid down to $1,207.
In the end, it took 23 months and a further $50k investment for ConvertKit to reach $5k MRR.
But fast forward to May 2019, ConvertKit has sent 851,000,000 emails and enabled $273,482,000 in earnings for its 19,000 customers over the previous 12 months.
Today MRR is $1.7m – SaaS business growth at its absolute best.
How did he do it?
This episode of Confessions of a B2B Marketer explains ?
He is going to invest $5k in building a SaaS web application and aims to grow it to $5k MRR in six months.
After six months of hard grind, Nathan lands on $2,480 MRR.
Surely growth would continue up to the $5k goal over the coming months to allow Nathan to hit the goal in maybe twelve months?
Unfortunately not, by October 2014, monthly revenue had slid down to $1,207.
In the end, it took 23 months and a further $50k investment for ConvertKit to reach $5k MRR.
But fast forward to May 2019, ConvertKit has sent 851,000,000 emails and enabled $273,482,000 in earnings for its 19,000 customers over the previous 12 months.
Today MRR is $1.7m – SaaS business growth at its absolute best.
How did he do it?
This episode of Confessions of a B2B Marketer explains ?
Released:
Oct 12, 2023
Format:
Podcast episode
Titles in the series (100)
Copying A SaaS Business Idea? With Justin of Transistor & Neil of bCast: Tom and Neil started building the podcast host: bCast after interviewing Transistor (another podcast hosting SaaS) founder, Justin for this podcast... by Confessions of a B2B Entrepreneur