I Make $15K/Month With 2 AI Apps

Entrepreneurial Edge
21 followers
1 Video View·Dec 12, 2024
I personally used to think that I could never ship a profitable product because I was not
amazing at coding. Reaching this point where I'm earning 15k out of my products, it feels unreal.
How did this guy build two SaaS products to $15,000 MRR as an average coder? Well,
it's because of his approach on how to find winning ideas.
Niche down as much as possible. I only need 0.1% of the market and I'm good.
Fernando started his journey as an agency owner, working with clients for over a decade. But then,
his entrepreneurial dreams came to a halt when he had to go back to his 9-to-5 job.
While working my 9-to-5, I was always dreaming about what to do. Deep down,
I knew I wanted to find a way to go back to this sense of autonomy that I had at one point.
After unexpectedly getting fired, he decided he had enough and went all in on his dream.
Now the stakes were real. I always relied on my 9-to-5,
but not anymore. I needed to show up and build something.
A year after he took the leap, Fernando became a solopreneur, making a good living while working
only four hours a day. So I gave him a call to ask him how he did it and how you guys watching
could do something similar. And he shares everything, including his process for finding
profitable ideas, his strategy for building and validating those ideas quickly, and the
distribution channel that gets him most of his paying customers.
When it comes to distribution for both Resume Maker.Online and EIKA Results,
it's the main channel.
All right, let's dive in. I'm Pat Walls, and this is Starter Story.
Welcome, man. Thanks for coming on Starter Story.
Tell us about who you are and what business you built.
So, well, I am Fernando, a product designer originally from Argentina,
now living in Sweden and working in two SaaS projects full-time.
Resume Maker.Online and EIKA Results.
When it comes to Resume Maker.Online,
I like to define it as the easiest way to build your resume.
And then there's EIKA Results.com, which I launched last year,
and it's the first EIKA Results generator.
And it allows users to create stunning social media carousels,
even if you don't know anything about design.
Both products run on a freemium model, so you can start right away for free,
but subscriptions unlock all the AI and pro features.
Together, they bring in about 15k MRR,
which allow me to finally step away from the 9-to-5, and let's hope it stays that way.
Okay, since you've built not one, but two successful projects,
can you tell us a little bit more about your process for how to find winning ideas?
I always find it easier to scratch my own itch.
When I see something that I know that it can be time-consuming,
I thought it could be a great idea.
Why not create something that simplifies this,
something that solves this problem specifically,
instead of having multiple features like Canva, Onbato.
Most users are not pro users.
They just want the simplest way to achieve something.
That's the advantage of being a solo entrepreneur.
Canva cannot afford to go for very, very specific solutions,
because they need to target a wider audience.
So I think that's where solo entrepreneurs can try to niche down as much as possible,
find the portion of a huge market that they can serve better than these big companies.
With EIKA Results, it's only me.
I don't have a co-founder.
I don't have employees.
I only need 0.1% of the market, and I'm good.
I think there's very fertile ground for indie hackers or entrepreneurs
to create solutions that are laser-focused and solve one specific issue.
All right, so your approach is to take these big markets
and niche it down and build one simple solution for users.
But how do you look at validating these ideas,
and how do you know that it's something worth building?
I go after markets that are already validated,
but I try to be just a little bit different, take a new approach.
With ResumeMaker.online, all these resume builders were really bloated.
You needed to sign up for before even seeing how the resume is going to look like.
I took a completely different approach.
You just press one button, you're right there.
You can see how good it's looking already,
and I think people really resonated with that.
That's my philosophy.
I think that's going to be my philosophy going forward.
Let's take a validated market, niche down, and find a way to save people time.
I always say that I don't sell design, I sell time.
That's the value that I provide.
I help you to get you to a good enough point, and that's more than enough sometimes.
Validating your idea is one of the most important steps
when it comes to starting something new, and Fernando is proof of that.
Profitable side projects are built on the right idea,
the right market, and the right launch strategies.
But that process to go from zero to one can be long,
and it might make you feel lost if you aren't following a solid blueprint.
That's why I created The Academy.
It's a five-week program where you'll find an idea,
build it, launch it, validate it, all while only working two hours a day.
It's the same framework I use to build a million-dollar business,
and it's what I've seen thousands of other successful founders use.
It's what actually works because it's all about taking action
and actually building stuff and putting it out into the world,
which is what I really want to see you take a shot at.
So if you're curious about building a side project like Fernando
and you want to surround yourself with other builders,
then head to the first link in the description
to see if The Academy might be a good fit for you.
Now, let's get back to Fernando's story and the amazing business he built.
Okay, now let's talk about actually building the product.
I know you did a 10-day challenge to go from zero to one with AI carousels.
Can you tell us a little bit more about that approach?
While working at my 9-to-5, I was always dreaming about what to do.
After a year and a half working there,
just a few weeks after a very positive performance review,
they tell me that I'm fired.
That was just one day before my planned vacations.
And honestly, I was quite burned out from the 9-to-5.
That left such a sour taste in my mouth,
so I was not very optimistic and I didn't really want to find another job.
I think maybe this was the push that I needed.
Now the stakes were real.
I always relied on my 9-to-5, but not anymore.
I needed to show up and build something.
So I thought, okay, let's go for a building public challenge.
The first days, I just tried to get the main features running.
Also, as a designer, and given that this is a design product,
it had to look somewhat nice.
But it was really, really simple.
The most basic text carousels that you could create.
It's a good thing also to launch these barebone products
because then when you start getting feedback,
the feedback kind of tells you where to go.
The biggest value that I get from this challenge is that if it would have failed,
I could have moved on into the next thing without any issues.
But if you work for during six months, one year on a product,
it's easy to get attached.
It can be harsh to hear like the product sucks, right?
If I launch in the future, I would like to try to replicate this sense of urgency.
Wow, that's an awesome story.
Thank you for sharing that.
So after you built the MVP, I see that you then launched on product time.
Can you tell me more about that launch?
Yeah, despite my concerns, the launch went really well for AI carousels
and five users signed up.
And people can say that they like your product
and you might have intuition that there's a demand for it.
But the ultimate validation is when you get paid for it, right?
And the product was super buggy.
For me, that was like the ultimate proof.
If they pay for this buggy product, there's really an opportunity here.
I need to double down.
So after you get those first five customers,
how did you continue to get more of them?
What kind of distribution methods did you use?
When it comes to distribution for both Resume Maker.online and AI carousels,
Product Hunt helped a lot to spread the word about it,
especially with Resume Maker.online winning first product of the week.
It got spread so quickly and I got so many backlinks.
But then SEO is the main channel
and I'm definitely better at building that and marketing.
So I started building a lot of free tools for both products.
I think it's about 30.
It just has to be something complementary to your main product,
like a natural extension.
It's a good way to bring in traffic,
especially if you're not a SEO expert.
And the building public also helps to spread the word on Twitter and LinkedIn.
I think people like, especially when you try to make it personal,
can be a bit cringe sometimes.
But that's LinkedIn.
I also launched an affiliate program for both products,
which is working okay.
It's in progress, yeah.
So after you started to get more paying customers,
was there a specific pricing strategy you used
to monetize the product to its potential?
Pricing it was a bit tricky at the beginning.
I mean, I knew it wasn't beta,
so I launched it at $9.99.
Now, after adding so many features
and the product has matured so much,
it's $14.95.
And I want to be seen as an affordable tool,
not a cheap one, right?
And when it comes to Resume Maker.online,
I started with a one-time purchase model,
which made total sense for the type of product.
But after I relaunched it as a SaaS early this year,
even though the churn is high,
the revenue is much more predictable.
It's really nice because, yeah,
with one-time purchases, you go back to zero.
That's a bit scary each time, yeah.
Got it, okay.
I want to double-click into the topic of churn.
Do you have a strategy you use to reduce churn
for AI carousels?
Yeah, my strategy was to start with carousels,
but expand and offer other tools
so people might come for the carousels
and they stay for the whole package.
It's way easier to communicate the proposition value
when you can focus on only one, the core message,
which in this case is carousels.
It's easier for me to stand out among all the competitors
by presenting myself as the best AI carousel generator.
But when people come, they find out
that there's a lot of other tools
that they can use to maximize their online presence.
That's really helping to make the product better
so people don't cancel,
but also to bring expired users back.
I want to go into the topic of customer support.
I know it can be tricky as a solopreneur,
so how do you go about it?
Yeah, when it comes to customer support,
I think it's key.
I mean, I think that's another product feature.
It's part of the experience,
and I try to just reply as fast as possible
because it's not only about helping users for me,
especially when I launched,
getting this initial feedback was a bit like a cheat code.
Not only help to shape the direction of the product,
but also turn all these frustrated customers
into loyal fans
because you write about a bug or a feature request
and maybe in like, I don't know, like an hour,
the bug is fixed and the feature is up.
And I always try to embrace being small.
Even I have in both Persona Maker
and the iCloud Results,
I have an about page that I'm saying,
hey, it's only me here.
You know, you're not talking directly with the founder.
And on the emails, it's always I.
It's never we.
It's Fernando, the sole founder.
And I really try to embrace that
instead of pretending to be like a big company.
And I feel like that's really working.
People don't want to deal with a faceless,
big company.
I think as sole entrepreneurs,
we should leverage on that.
Okay, now let's get technical.
Which tools and software do you use
to make $15,000 a month as a solopreneur?
Yeah, when it comes to tools,
I keep things very lean.
I just use Notion to organize both products.
I use OutZeta.
It's a no-code tool that is perfect for SaaS founders.
For me, no-code is ideal for speeding up
all the basic things like billings,
CRM, subscriptions,
all the repetitive stuff
that you don't need to reinvent.
It lets me stay just focused
on improving the actual product.
Yeah, that's basically it.
Wow, that is lean.
And how much does it actually cost
to run your businesses?
The costs are around like $1,000 per month.
So the project margins are above 90%.
And I don't have any employees or founders.
It's only me.
Although this year I did bring a freelancer
to help me with some more time-consuming content tasks.
So yeah, I just bring him in
whenever I need to do some type of stuff like that.
Geez, 90% margin is impressive.
Wow.
Let's talk about competition.
I'm sure since you're building in validated markets
that you face a lot of it.
How do you deal with competitors?
I'm glad competition exists.
I mean, it's a good sign.
You don't want to be the only one.
And also it can be easy, I think,
to get caught up on trying to one-up each other,
all the competitors with the new cool feature
when often users care about something entirely different.
So that's why I keep my focus on the user feedback.
All right, now let's get a little bit more personal.
What is your actual day-to-day look like right now?
After so many hectic years of managing my office job
with my personal projects, I moved to different countries.
I sued jobs, launched products.
Early this year, I decided to take things a bit slower
just to enjoy the summer.
So I decided to work only four hours a day.
And it was quite difficult at first.
I keep thinking about the opportunity cost, right?
Watching the movie, thinking, but I could be working.
I could be shipping features.
But it turned out to be just the best decision for the business.
Things start going even better by working less time.
So I decided to stick with these four hours
of deep work each morning.
Having this constraint kind of forces you
to be intentional about your to-do list.
You focus on what's important.
One thing I do is, though, is I make sure to work
even on weekends.
I feel that really keeps the momentum going.
It feels great just to skip the daily stand-ups
of my past nine to five.
I woke up without any alarm.
My calendar is empty.
I only had your call.
When I'm getting invites from friends, I'm always available.
I'm in a better mood.
I'm happier overall.
I'm more patient with my girlfriend.
And this gives me also the mental clarity
to focus on what's important on the business, right?
I think that's why the business is doing better
because I am feeling better.
For me, that's more important to optimize for lifestyle,
not for revenue.
Okay, Fernando, the last question that we always ask
all the founders that we interview,
if you could give a piece of advice
to all solopreneurs just starting out right now,
what would you say?
Yeah, sure.
I personally used to think
that I could never ship a profitable product
because I was not amazing at coding.
I have all these self-limiting beliefs and I was wrong.
Most of the times, especially in B2C products,
users don't need like a super complex solution.
They just want a simpler one.
So if you can provide a way to make something faster,
simpler, that is value.
And most likely people are gonna pay for it.
There's absolutely nothing bad on focusing
on building a tiny little tool that saves people time.
You get paid and you free up time
for you to do whatever you care in life.
I mean, I'll be honest.
I personally couldn't care less
about social media carousels.
Like, I like helping people
with all the design challenges,
but what I care is creating something
that allows me to free up my time,
have your life, spend time with my family,
with my girlfriend,
spend a bit less time in front of the screen.
Being able to do that, having that freedom,
that's so cool, man.
That's for me, it's something that's not in the chart,
but this is what I'm doing.
This allows me to improve my lifestyle.
And that's what I'm here for, yeah.
All right, man.
Thank you for coming on.
I love the business that you built.
Thank you for sharing everything.
With our audience, have a good one.
Hey guys, thanks for watching.
And if you made it this far,
I wanna share something with you.
As you've seen with a ton of these interviews
we've done on YouTube,
anybody can change their life with an idea,
the ability to code
in a couple of hours of work per day.
In these videos, we talk about tons
of cool strategies and tactics,
but the thing that's really gonna get you
your dream outcome is taking action.
And if you feel like you're struggling at all with that,
no matter what you do,
then I highly recommend checking out the Academy.
It's the community and accountability
that I wish that I had when I first started.
And it's got a ton of resources
to help you find an idea,
help you ship that product,
and help you get those first users.
Just head to the first link in the description
if you wanna check it out.
Much love, and I'll see you guys in the next one.
Peace.
