https://x.com/gregisenberg/status/1794361674507428183
I met someone cool yesterday.
21 years old. Solo-founder. Dropped out of school to build a SaaS product that’s doing $4M ARR. Zero employees. Immigrant with english as a second language.
I'll share the convo (without giving away his business):
Me: “How many employees do you have?”
Him: "None. It's just me. A few contractors for customer support and agencies"
Me: “How do you get customers?”
Him: “Mostly YouTube, some TikTok. I create content, people find me, and the product sells itself.”
Me: “So, your customer acquisition cost is zero?”
Him: “Basically. I spend $700/month on an editor, $1000/month on a scriptwriter, I personally record some videos and use AI to help with the rest.”
Me: “What keeps you up at night?”
Him: “I found this niche. Lots of competition coming.”
Me: “Why are you doing this?”
Him: “My mom is a single mom, gave everything to me. I’m going to make sure she never has to worry about money again.”
Me: “Do you think you could sell this business one day? Couldn’t ChatGPT do what you do?”
Him: “Maybe, but the personal touch and the brand I’m building can’t be easily replicated. I also have a few FB Groups and WhatsApp communities that are super active.”
Me: "How do you learn to do all this?"
Him: "Following people in the indie hacker movement. I had zero connections so just started following people building cool stuff online sharing in public?"
Me: "Why don't you build in public"
Him: "Copycats."
Me: “Do you think you could scale this to $10M?”
Him: “Absolutely. It's all about solving real problems and scaling what's already working. But even if it doesn't, it honestly doesn't matter. I'll probably be able to take $10M of dividends in the life”
I think people like this are pretty cool. Maybe you do too.
The future is one-person, $10M/year businesses.
It’s happening.May 25, 2024 View on X →
Saturday, May 25, 2024