How long did it take for your product to reach the first $1k milestone?
Swapratim Roy
14 replies
Every builder or entrepreneur dreams to of a successful business with a steady cash flow. But it's de-facto that 95% of startups will fail eventually.
The only way to cope against the failure is to focus on the long term game of consistency. But it's important to keep the revenue incoming too.
How much did you have to wait to generate the first $1k milestone for your product and how did you hit the pivot to scale your business to the next scale?
Replies
Ralph Gonzalez🏂@ralphgonzo22
We were fortunate enough to hit our first $1k within six months of launching, largely due to our strong focus on customer engagement and understanding their needs. The pivot to scale happened after the first year when we identified a new market segment that resonated with our product, allowing us to expand our customer base significantly.
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@ralphgonzo22 That’s great to know. Finding the niche domain is the key to set success. Are you b2b or b2c?
Our product reached the first $1k milestone within a month of its launch, thanks to the robust pre-launch marketing strategy and a strong demand in the market.
@marilynram82 wao! That’s incredible speed of revenue generation. Yout pre-launch marketing must be based on a killer strategy.
We're not there yet, but hopefully next month we'll be in a good place for revenue and the story is different. So hopefully if you follow up on the question at the end of June I'll be happy to tell you ehehe 😁
@nuno_ms_reis I wish you hit the target sooner with super growth curve launched afterwards. It’s always hard to reach the first $1k, especially for bootstrapped products.
I'll let you know as soon as I reach it 😂🤣
2weeks? I started newsletter as a side project (wrote less than 20 contents. 6months) and shared 1 stripe link w little bit of sales copy. and Boom! hit $1k MRR in 2 weeks. am open for chat/dm if you are curious how I did, I'll share all details :)