Bootstrap Money

How much money can you make selling software?

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#4 Product of the DayOctober 23, 2017

Bootstrap.money’s goal is to help entrepreneurs (like you) estimate their annual income. We also provide weekly digests of the best resources to start a "bootstrapped" business.

Reviews

  • Chad FullertonFounder, FullertonMedia
    Pros: 

    Simple UI

    Cons: 

    Too simple.

    Doesn't factor in a lot of other important factors such as payment processor fees.

    Doesn't show detailed number breakdowns.

    Way better option by Hamish (@hamstu) at http://www.standtomake.com check that one out! :) Hopefully @ndethore gets inspired by that one to add some of those features to his. Lots of potential with this!

    Chad Fullerton has used this product for one day.
  • Franco CorreaSoftware Engineer from Montevideo
    Pros: 

    Nice UI

    Cons: 

    Does not add much value, simple calculations.

    It could calculate the payment processor fees at least, but it doesn't.

    Franco Correa has used this product for one day.

Discussion

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Mick@mickc79 · Founder of http://SongBox.Rocks
Agree with @raynes_cc this in no way merits a website of its own; apart from being a very simple calculation that you could do in your head, it also misses out basic costs such as payment processing fees, and is therefore misleading.
NicolasMaker@ndethore · I turn ideas into code.
@raynes_cc @mickc79 Hi Mick, Thanks for pointing this out. I've updated the description to reflects that this tool doesn't take into account operational costs 🙂 What costs would you add to the calculation beside payment processing?
Mick@mickc79 · Founder of http://SongBox.Rocks
@raynes_cc @ndethore Hi, it’s difficult to generalise as every setup will be different. But in my own model for this which I built in a spreadsheet I account for processing costs, currency conversion, my particular hosting costs, my adwords and advertising budget and I’m sure some other things. As I said, not easy to generalise.
@raynes_cc @mickc79 No, that's not fair. Sure, I won't be including the numbers on a pitch deck but it's a fun little tool that makes it quick and easy to see 'what if' scenarios. I think this is perfect for what OP is trying to accomplish - to get signups for his newsletter. Good job @ndethore!
andrew@raynes_cc · Coder
@highaced -1. Just my opinion.
NicolasMaker@ndethore · I turn ideas into code.
@highaced @raynes_cc I've added payment processing fees to the calculation ;) I can imagine this won't replace your amazing excel spreadsheet but hope it makes more sense to you now.
Adam DePasquaPro@adamdepasqua · Founder of To Eat List
This is really great for someone who hates math.
Steve RAFFNER@steveraffner · Senior Innovation Consultant
Good hook - mysterious enough to get me in
andrew@raynes_cc · Coder
@steveraffner agreed. But a simple calculation that perhaps didn’t need a website(?)
NicolasMaker@ndethore · I turn ideas into code.
@raynes_cc Hey Andrew, Thanks for you comment. I honestly didn't expect this week-end project to be picked up 😅 I thought about adding basic marketing variable (like Churn, Open Rate, Conversion Rate and more) to show how they affect gross income... Would that be useful to you?
Nino@ninoskopac · Web developer
@raynes_cc @ndethore Quite useful.
Anthony Da Mota@akdm_ · I upvote things that matter.
You just got my email, congrats (Ou plutôt, bravo 🇫🇷😄)
NicolasMaker@ndethore · I turn ideas into code.
@akdm_ Thanks Anthony!
MikePro@mike_seekwell · SeekWell.io
@akdm_ Here's a simple Google Sheet I use which I think is more helpful than the site. Change the inputs in yellow on the right (you'll need to make a copy first). This is a weekly forecast, but would be easy to convert to monthly if you preferred that. The expenses are probably the hardest part to get right in here. May be best you insert a custom formula or hard code it based on your plans. https://docs.google.com/spreadsh...
Matt Holsinger@mattholsinger · Owner, Enthrallogy Marketing
There used to be a site that calculated annual revenue estimates and it looked a lot like this –– "how much do you stand to make" or something like that. If I recall, their fill-in-the-blank & dropdown was along the lines of "I will sell a [one time | recurring] product or service to _____ people charging $____ [annually | monthly] using [PayPal | Stripe | etc.]." There may have even been a table at the bottom that compared all of the different payment processors and their fees.
NicolasMaker@ndethore · I turn ideas into code.
@mattholsinger Oh wow! Got this idea after talking to friend and searching for natural language processing uis on Dribble... Looks like i'm not the only one digging this type of UX 😅 Do you still have the url of the website? Comparing payment processor fees is genius 💯
Matt Holsinger@mattholsinger · Owner, Enthrallogy Marketing
@ndethore I wish I could remember; sorry...can't even find a cached version.
Csaba Kissi@csaba_kissi · Serial maker
@mattholsinger @ndethore Did something like that few weeks ago: https://www.producthunt.com/post...
Amarneethi Ranganathan@amarneethi_ranganathan
@mattholsinger @ndethore you can create such calculators quite easily using Outgrow.co. There is fill in the blank type template that they have. U can find a sample here: https://website.outgrow.us/What-...
Hamish Macpherson@hamstu · Front-end Engineer @ Buffer
@mattholsinger You're probably thinking of my app "Stand to Make". It used to be up at http://standtomake.com but had a hosting mixup so it's been down for longer than I'd like to admit. 🙈 I'll work on getting it up again and reply here (it's woefully out of date, so an update is coming sometime soon too!)