Re:Ask HN: What business you can start under $100?
by muzani on Wednesday December 13, 2017 @10:29PM
(#15919728)
I love that you made good money with a MVP, for people building MVPs :P
Did you get on Product Hunt or something? I'm curious how you made $3k in the first week.
Re:Ask HN: What business you can start under $100?
by vinrob92 on Wednesday December 13, 2017 @11:14PM
(#15919892)
I am not yet on ProductHunt - I am a bit afraid to post there yet, haha :) Do you think the product is ready to be on PH? I grew the traffic mostly via super niche Facebook groups actually (like SaaS entrepreneurs for example)
My goal was to launch a single digital offering / service or product and launch it in less than 6 hours and make USD $10,000 in the first month.
1. Find value proposition (Bootstrapped startups need quality design services but don't want to pay agency prices) 2. Find business model (fixed fee per month for almost unlimited design service) 3. Find how you can fit value prop with business model & be profitable (flew to SE asia to meet designers there & live there a few months) 4. Make it scalable (set up quality control processes & communication processes) 5. Code (actually did not code much, used Paywhirl for the payment / membership system) 6. Launch
Here is the breakdown of my expenses:
1. Namecheap .co domain name - $8.88 2. OVH vps - $6/month ($72/year) 3. Themeforest template - ~12$
Total: $92.88
The project generated ~$3k in the first week of its operations (though most of it is not actually profits - but I am already in the green :))