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From $0 to $58k MRR in 30 months. But the path leading there was long. Here's how it went.

[ Note: This originated as a Twitter thread here ]

I also share what I've learned on this journey to my newsletter The SaaS Bootstrapper.


I went from $0 to $58k MRR in 30 months.

But the path leading there was long.

Here's what that path looked like:

2000–2007:

Got a job at a big tech company (was lucky, didn't know much, was the end of the dot com boom). Started to teach myself to code. Fumbled and flailed with attempts at making money online.

Online revenue earned: $0

2008–2011:

Started noticing more solopreneurs doing cool things online. (I'm looking at you, Peldi, and patio11) Knew I found my calling. Started looking for a SaaS idea.

Online revenue earned: < $1k

2011–2012:

Quit my job, went all in on my 1st SaaS, an appt scheduling app. I knew nothing about this market / don't know why I chose it other than I felt there was an opportunity. Poor product choice, but I learned a lot from the experience.

Online revenue earned: < $1k

2012–2014:

Finally admitted my appt. scheduling app wasn't going anywhere. Opted for a stair step approach, making money again while continuing to try things on the side. Started to immerse myself in the local (Portland) startup scene to learn from others.

Joined a 2-person startup in an incubator w/ a small amount of funding.

I was making much less than my previous job, but I was in it to learn from others and meet like-minded people.

Online revenue earned: < $1k

2014–2015:

Our startup got acquired.

I got a little money out of it but still didn't make up for the low startup pay. But the experience and friendships were priceless.

Worked at the new company for a bit. Knew I had to try again on my own. Got laid off. Good timing!

2015–2018:

Went all in on freelancing, positioning myself in various ways, experimenting a lot with services and apps.

As a freelancer ended up building SaaS MVP's for individuals or startups that had a small amount of funding.

I was making decent money while getting an inside view to how others went about growing a startup/SaaS from scratch.

And while they had a little money, it was never much, and they were all scrappy.

Like me.

2018–2021:

Up to here, my side projects were often trying to scratch my own itch.

This works for some people like Nathan Barry - but never really worked out for me. And the apps that didn't scratch an itch were targeting businesses with low margins (restaurants, salons).

In 2018 I decided to change course. I decided to reach out to any biz owners, and higher-ups I knew. I ended up in sales circles - which makes sense. Sales people have no problem spending money on tools that will help them make money.

I reached out to about 5 people at a time. I'd take them to coffee and ask them tons of questions. Then I asked them who else I should talk to. Get intros, book more meetings. I'd go home, review my notes, look for patterns, and recurring pain points.

And I kept repeating that. I'd build small proofs of concept, show them in my next meeting, iterate, repeat. Then I had it. I went deep into coding land for 4 weeks. The app had a long way to go, and plenty of bugs. But it worked.

Almost 4 weeks to the day from writing the first line of code, I emailed all the people that I had met with to let them know we were live. I swiped a card that day and had my first customer.

2021:

Fast forward 30 months.

By this time I was bringing in about $58k MRR, solo, with about $3k in expenses.

I then sold for 7 figures.

2023:

Helping others reach profitability through my writing in The SaaS Bootstrapper.

TL;DR

Surround yourself w/ people doing what you want to do. Learn all you can from them. Help those coming up behind you.

Take the stair step approach instead of going all in.

Don't stop. The common thread among all successful entrepreneurs is never giving up.

posted to Icon for group Growth
Growth
on July 2, 2023
  1. 6

    Thanks for sharing!

    Could you mention the product that you worked on? I didn't see any link/mention in the article. Also, feels like the most important part of the journey is missing (the $0 to $58k)?

    1. 1

      It was a LinkedIn outreach automation tool.

      More parts of the journey are coming. You can subscribe to the newsletter here if you want, as that's where I mainly publish this stuff.

  2. 2

    hey @macmartine ! Could you share more of your freelancing times? (2015-2018)
    I am working on the side on my own ideas, but I was thinking to do the same (building MVPs for others) on the side to finance myself.
    How did it go for you? Did you like it? Any tips on finding clients?
    Thanks so much

  3. 1

    Wooh! That's an amazing achievement! Congratulations!

    What kind of scheduling app did you create? Why do you consider it a poor choice? Could you share more about it here?

    1. 2

      Hey - yeah, it was appt scheduling for salons. It was a poor choice simply b/c I didn't know how to market it. It was in 2011, and I was new at all this. When I did get sales it took a lot of time. Turns out they're cheap :)
      Looks like you've had much better success with it than I did!

      1. 1

        Thanks! Got this :) haha, I wish to have your current numbers!

        1. 1

          Looks like you're on your way!

  4. 1

    Curious - can you expand more on why scratching your own itch didn’t work for you? Why do you think it works for others but not you? Any insights on what you think makes that approach successful?

    1. 1

      Not sure there's a clearly defined reason. My interests at the time were mainly around cycling and running and such. I just never had any ideas around those activities that made sense for a solo bootstrapper (they require tons of users to be useful).
      Then using Nathan Barry as another exampleX he was trying to grow a newsletter and couldn't find a tool to suit his needs, so scratching that itch made sense.

      1. 1

        Got it. Maybe said another way: Consumer-oriented products are tougher for solo bootstrappers because average revenue per user is lower?

  5. 1

    Never give up. The sacred mantra!

  6. 1

    Thanks for sharing the whole story and not just the wins. Super inspiring. Glad you found your place.

  7. 1

    Thanks for sharing! Especially for even documenting your misses and failures which is crucial learning for many of us here; something most successful IndieHackers often skip talking about.

  8. 1

    inspirational, thanks for sharing such an informative guide

  9. 1

    Thanks for sharing Mac. Super inspiring!

    1. 1

      Glad you enjoyed it, thanks!

  10. 1

    Thanks for sharing your journey!

    Scratching my own itch never worked for me as well, so recently I started interviewing people from other industries.

    Started with DevRel, but they seem to not have any serious pains (or maybe they just aren't aware of them). Probably gonna switch to a different audience.

    Your post gives me the motivation to continue and experiment. Thanks for that

  11. 1

    Inspiring, thanks for sharing!

  12. 1

    Great Journey. It is very inspiring. Thank You for sharing.

  13. 1

    Congratulations on the numbers! I'm also taking the route of trying to find a valuable problem in a profitable niche, versus something that would solve one of my own problems or align with my passions. It's encouraging to read that it worked well for you.

    1. 1

      I'm glad you got something out of it. Keep us posted on your progress. You got this!

  14. 1

    That's some real dedication. Very insightful and inspiring

    1. 1

      Thanks! Sometimes it's just in your blood, I guess.

      1. 1

        Thanks! Sometimes it's just in your blood, I guess.

        💯

  15. 1

    I'd take them to coffee and ask them tons of questions

    can you share some examples of questions you asked?

    1. 2

      Yes! I was planning to write this up, but went ahead and did it: https://twitter.com/saasmakermac/status/1675876247333658626

  16. 1

    Congrats! And thanks for sharing.

  17. 1

    Fantastic story, Mac. Thanks for sharing. I totally loved reading it—pure perseverance. The journey to finding the problem is excellent. Though it's obvious to do it, hardly people do it.

    If you could do something different, what would you do?

    1. 1

      This is a great question.

      I actually answered that question in a letter to my 21 year old self in this post:
      https://www.thesaasbootstrapper.co/p/what-i-wish-i-was-told-when-starting-on-my-entrepreneurial-journey

      1. 1

        Super, I will check it out.

  18. 1

    The moment you reached out to some people and take them to coffee opens up a good path for growth.

      1. 1

        I read that thread and I bookmarked it! Thank you:)

    1. 1

      Many people hesitate to do this as they think it's a burden to ask people, but the reality is people love to talk about themselves 🤣

      1. 1

        Actually, this is really hard for introverted people like me but still want to do it for a better tomorrow.

        1. 1

          I'm a total introvert too. It's good to get out of your comfort zone. You'll get comfy with it fast.

          1. 1

            ik and I'm totally getting out of that comfort zone:)

  19. 1

    Great story and great advice. Surrounding myself with people doing what I want is something I have been lacking for a long time. Thanks for the advice and congrats on the success.

    1. 1

      Thank you! You got this.

    2. 1

      Ya know, they say you become the average of the five people you are closest to.

      While obviously not exactly the same, I still think that is somewhat true even with the people you're around online and in communities like this.

      It helps at least.

  20. 1

    I saw this post on reddit.
    Amazing to see someone from going to zero to 58k MRR.
    I am happy for you and thanks for sharing

    1. 1

      Thanks you so much!

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