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The Bootstrapped Founder
301: Podscan, One Month In (MRR, Expenses, Marketing Tactics)
Mar 8, 2024
24:12
Snipd AI
A deep dive into the first month of a new SaaS venture, discussing revenue, expenses, and marketing tactics. Highlights include managing database costs, optimizing pricing strategies, customer engagement, and marketing goals. Insights on leveraging podcast transcripts for valuable data and utilizing email strategies for customer engagement.
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Quick takeaways
- Podscan attracted over 400 users in the first month, with 10 converting to paying subscribers, generating $300 MRR.
- Adjusting pricing strategically and offering discounts can attract users and drive revenue growth for a new platform.
Deep dives
Potscan Platform Performance and Costs
In the first month of launching Potscan, it attracted over 400 users, with 10 converting to paying subscribers, generating around $300 in monthly recurring revenue. Despite the initial success, the platform is not yet profitable due to substantial operational costs. Running four cloud servers with GPUs for transcription incurs expenses of $1,200 monthly, further augmented by a managed database on Amazon Web Services costing around $500 per month.
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