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My First Million cover image

#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral

My First Million

NOTE

Empowering Creators with Gumroad

Gumroad recently raised five million dollars through a crowdfunding campaign. It provides creators with a simple platform to sell digital products within minutes, unlike Shopify which mainly caters to physical products. Gumroad also allows creators to set 'pay what you want' pricing for their products leading to significant revenue generation. Users have made tens of thousands of dollars selling products on Gumroad, including a roommate matching guide that was highly successful.

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