From $6k to $16k
jasonleow • 24 Apr 2024 •
On the road from $6k in 2022, to $16k in 2023, what made all the difference?
Last year, I shared hard truths, thought about what I can do, asked friends on X for ideas. And then I executed like hell.
Today, 1 year on, want to take a moment to recap if whatever I planned had actually worked…
Last year the broad intentions were to:
- Increase revenue of existing projects
- Find new sources of indie revenue
- Cut costs
Specifically, I wanted to do these:
- Double down on Plugins to increase revenue - launch more free and paid plugins, buy more ads, find more distribution channels, affiliates.
- Continue building Lifelog - side project weekend is working, keep going.
- Pivot the half-completed projects, to see if they bring in new revenue sources - Sheet2Bio, Career Conversation Cards, Inclusive Design SG.
- Launch completely new products to create fresh income streams. Truth is, diversity in my portfolio was down. Launch info products, digital downloads, single feature micro SaaS.
- Build something based off my Twitter audience? Some Twitter tool, info product, community?
And what actually happened, what brought results and what didn’t:
- ⭐️ ⭐️ ⭐️ ⭐️ ⭐️ I launched 12 plugins in 12 months of 2023. Increased distributions channels massively – last count was about 40 channels. Ads and affiliates didn’t work though…
- ⭐️ ⭐️ ⭐️ Proud to have shipped 30 new features on Lifelog in 2023. Getting there on the road to being feature-complete. But no increase in MRR.
- 🌚 No work done there for half-completed projects like Sheet2Bio, Career Conversation Cards.
- ⭐️⭐️ For paid products, I only launched Lists Kit, my HTML boilerplate. Did good shipping it. It got a few purchases but didn’t do well at launch on X. I need to build more, ship more, launch more! And more different things.
- ⭐️ I did launch a few small projects based off my Twitter audience, like Commit365, SaaS Starters directory. But none paid.
So basically, my Carrd plugins carried the portfolio from $6k to $16k.
So what should I do next?
What should I continue doing?
What new things should I do?
- First things first: Keep growing my Carrd plugins. Let’s not be one of those indie hackers who refused to acknowledge the goldmine they are standing right under, because they were distracted by a shiny new thing elsewhere.
- Launch 10x more things, but not in vastly unfamiliar markets that I have 10x no clue about. Launch 10x more things in markets and problem space I am at least somewhat familiar in, or ideally, deeply competent in. Going for volume is great, but it must be more selective and targeted in order for quantity to lead to quality.
- Then, the key question is how to I hit $10k/m? Don’t earn my way up, solve a big enough problem to earn that right away, a problem big enough that fit my goal. Don’t dream incrementally just because I work incrementally and consistently!
Anything else I should try?