Nothing calls to me more than this #BuildSell30 challenge. As a builder, maker, lover of hackathons and Startup Weekends—this hits me with a whole new challenge while feeding my app building desires.
How hard can it be, right?
The rules are simple: build and sell a business in 30 days!
- use any platform or stack you want
- tweet daily at #buildsell30 weekly
- twitter spaces for accountability
- in 30 days, list what you have on MicroAcquire
Simply done. Build a product and put it for sale on MicroAcquire (MA) in 30 days. Here’s the kicker though, which is the hardest part, get it to $100 MRR (Monthly Recurring Revenue) before listing it on MA. For anyone that works at early stage startups, that’s typically the hardest part—revenue! That’s go-to-market and when do we put up a paywall—where’s the value add?
What’s MRR
Gonna take it from the professionals here and an OG of metrics, baremetrics:
Monthly Recurring Revenue, commonly abbreviated as “MRR” is all of your recurring revenue normalized into a monthly amount. It’s a metric usually used among subscription and SaaS companies.
It’s a way to average your various pricing plans and billing periods into a single, consistent number that you can track the trend of over time.
MRR = number of customers * average billed amount
Inspiration
Market research time! Wanna prep and get the old noodle turning 🧠? Checkout what other makers have built and the opportunities!
https://www.indiehackers.com/products
Rock ‘n Roll!🤘
Now we know the rules, how to calculate MRR, and have some inspiration. Time to rock? Not yet!
- Do you have the skills in biz dev, app dev, and marketing?
- Do you want to be a solo, partnership, or team?
- What tech stack are you wanting to use?
- Code, no-code, or both?
- Which payment platform has the best options for your product?
Meet you on the moon! 🌜
As a someone working at a startup currently, my time is limited but why not start off 2022 with a build and sell — or at least try!
I have a few ideas—comment or @ me on Twitter and I’ll spill some beans.
What platforms will I use? Not sure yet but I have a few to choose from: Sailsjs, Nextjs, Nuxtjs, FastAPI, Serverless AWS, or Deno—just to name a few!
I’ll see you on the Twitter and I have high-fives for y’all!
