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Emotionless at $25k MRR (alien.top)

submitted 1 year ago by RussellFighter@alien.top to c/entrepreneur@indiehackers.space

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In 7 months I’ve hit $25k MRR on my micro-SaaS but it doesn’t feel like an achievement.

Users sign up, they churn, the product works fine, nothing is on fire at the moment. It’s eerily quiet.

I feel like that Spongebob meme where plankton says “I don’t know. Never thought I’d get this far”.

What do I do?

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[–] Simplilearn_Commune@alien.top 1 points 1 year ago

Hi u/RussellFighter, first of all, congratulations! It is not an everyday feat to achieve $25k MRR. Moreover, a budding entrepreneur must not just look at his business from a monetary point of view. The experience and insights you will gain from building something cannot be measured in currency notes, and these gains won't leave you whether or not you are still running this business 5 years down the lane. At least, that's what I think. I am an aspiring entrepreneur myself and am working on building a business with my friend at the moment, albeit not a SaaS one. So, my views will be pretty generic and largely second-hand knowledge, but I would like to share my two cents if it is of any help.

From what I have read about entrepreneurs, even Gates, Zuckerberg, and Jobs all started out their entrepreneurial journeys as hobbies. So keep doing what piques your interest regardless of whether it is paying you or not. However, don't make the mistake of waiting till someone else steals your idea and monetizes it either.
Figure out a way or find a mentor or expert with enough insight to guide you on this (could be your first angel investor or maybe a kid fresh out of school. If the latter, don't hesitate to hire just because he or she is smarter than you.)
If you can't see a long-term vision right away, plan just the next one step and take it. Do not get stagnant till you stop enjoying the process yourself.
Get feedback from your existing users, connect with them via whatever channels they are comfortable with, and get an idea of how you can improve because there is always room for improvement. You may discover a profitable business idea from customer feedback.
Collect and analyze a legally allowed amount of data about your user base. You can get an idea of what group of people and which industry requires your product the most. You may customize your product or build a replica that better caters to this group or industry.
Build a community around your product on various platforms and engage with them.
Take a step back from what you are doing for a brief while so that you may see the bigger picture.
Take calculated risks based on how much time and money you are willing to forfeit.
And lastly, don't forget to pat yourself on the back for your small gains and keep going as long as it makes you happy and adds meaning to your life.

All the very best.