This "Boring" community for entrepreneurs makes $216K/year π±
Darius Bel π SaaS Gems
3 replies
This "Boring" community for entrepreneurs makes $216K/year π±
Solo founder
How?
I spent hours to understanding this business.
Here's what I found.
βββββββ
How It Works?
βββββββ
IndieHackers is making $18K MRR
Is where founders share stories.
Entrepreneurs learn from examples.
It's a community where indie hackers:
β΄ Share experiences
β΄ Give feedback
β΄ Get support from each other
βββββββ
Who founded it?
βββββββ
Only 1 founder
His name is Courtland Allen.
βββββββββββββ
What is the business model?
βββββββββββββ
There are two ways to make money:
1. Sending newsletter promotions
2. Selling T-shirts
The main money maker is the newsletter promotions
β΄ Sponsored Ad: Full Section (250 words) costs $999
β΄ Sponsored Ad: Intro Section (50 words) costs $749
β΄ Sponsored Ad: News Section (10 words) costs $349
That's a total of $2,097 for one email
But, he sends 3 emails every week
In the best-case scenario:
$2,097 (per email revenue) * 3 (emails per week) * 4 (weeks) = ????
That's $25,164 per month!
He also sells indie hacker t-shirts for $27 each.
This adds an extra focus on the fan base.
βββββββ
Open Your Mind
βββββββ
Let's say I run a copywriting service.
I help businesses make more money with copy.
My main clients are entrepreneurs.
What can I do to get customers?
Tweeting, SEO articles, DMs, cold emails...
All this takes a lot of time
How can I do it faster?
Then Courtland Allen comes along and says:
I have the most active community of entrepreneurs in the world
and I will connect you with
β΄ 2 million readers on my website
β΄ +80K newsletter subscribers
Would you pay $999 to show your product to +80,000 potential buyers?
Yes, definitely!
Now, you might ask me...
What if it's not worth it?
Then don't sell.
Give them something they want for free.
Free resources, helpful tips, productivity insightsβ¦
Your goal is to get their email.
Now, every day/week tell them how your product can help them.
Easy peasy!
βββββββ
My point of view
ββββ
Building a community is a profitable business.
You not only get money from newsletter promotions.
You can also promote your own projects
Think about it.
What if Courtland Allen starts a saas for entrepreneurs
and plugs it to his massive community of over 2 million readers?
That could easily bring in
+$20,000 in monthly recurring revenue
The only problem? It takes time to build a community.
But guess what? I've got a secret to speed things up.
βββββββ
Time to choose
βββββββ
I spent hours understanding this business
And I have three secrets
But I'll only reveal one.
β΄ The secret of IndieHackers to attract entrepreneurs?
β΄ The secret of IndieHackers to differentiate?
β΄ The secret of IndieHackers to have an active community?
Let me know in the comments below
Voting ends in 24 hours!
________________
PD: Let's connect in Twitter (x)
https://twitter.com/darius_bel
Replies
Paolo Go@access24
KleverList
I vote for number 3. Thank you for the interesting reading
Share