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🪄 Growth Strategy a young founder used to build his SaaS to $10k/mo

PLUS: Strategy Blueprint To Grow Your SaaS to a $3M Company

Donato Callahan, a 24-year-old first-time founder, earns between $7,000 and $20,000 monthly with his real estate investment SaaS.

One of the main factors of his success was his ability to reach out to influencers, and request them for opportunities which he used to grow.

Here’s some advices from his journey. 👇

Power of Chit Chat

Always talk to people with heck of a lot experiences. Learn about their failures, successes and advices, then share your ideas with them.

If you talk to 5 people with over 20 years of experience, you’ll have a 100 year industry experience before you even start your journey.

Follow the steps they took in order to achieve success, and avoid the mistakes they did to build a better path.

Turn your interest into a cash printer

Donato had spent a lot of time investing in real estate, but he always had troubles with finding that PERFECT spot to put his hard-earned money to.

He desperately needed a solution and with that, BrightInvestor was born. He didn’t immediately quit his job saving him from falling into a rabbit hole, but he had to go through 2 times of his workload everyday.

Most important Milestone ($10K)

BrightInvestor is a B2B SaaS for real estate investors, agents, and other careers related to real estate which they charge $99/m. Their Monthly Recurring Revenue (MRR) ranges from $7,000 to $9,000 after first year, with their highest month being more than $20,000. The month they brought in $20K, they partnered with multiple influencers, and that night they signed 50 more users to their SAAS.

Start slow, grow big

Don’t be discouraged if your development of MVP took longer than expected, good things always take time and you MUST be patient. However, when it comes to growing and scaling. Always be moving, and don’t stop at all cost. Keep bringing new users, and keep improving on the current system you have, never lose the momentum or the hype.

Growth Strategies

Donato has focused on expert collaborations and webinars to grow their startup, in addition to that they have also tapped into google ads, and social media marketing to maximize their user base.

PARTNERSHIPS ARE A GOLD MINE:

They have managed to convert a whopping number of 40% to users from the webinars they attended with influencers and personal brands.

To do this the right way, you can’t just think about yourself in the partnership, you have to consider what they need and how they can benefit from you in this collaboration. Otherwise, they will NEVER take you seriously and just block you after texting for an hour. Make sure to give your partners at least 10-20% of the income they generate for your startup.

Raising Capital

They’ve raised around $350k from their personal network, but we all know that’s not enough to keep the ship sailing. Raising money is all about trust, you have to make the other party believe in your cause, and YOU HAVE TO MAKE THEM VISION SUCCESS.

The answer will always be “HELL NAH” if you don’t build a relationship with them first.

Small Sacrifice For Greater Good

Most business ideas aren’t worth to build, but if you truly believe it in your vision, you GO FOR IT.

You have to let go of a lot of things in your life to make this happen, though. It could be your job, your family, your girlfriend or anything related to your personal life. You have to limit that time to focus your startup.

Key Takeaway:

• Benefit from the existing audiences from influencers and organize events with them.

• Take care of your work, and it’ll take care of you in the future.

• Sacrifice isn’t necessarily a bad thing.

• Building a relationship on trust is the answer to getting investors.

• Keep your momentum while growing, and keep on improving your system.

One recommended video on How To Build a $3M SaaS Company:

This video from Brian Dean is an ABSOLUTE GOLD MINE. He goes over a tons of details, and teaches you how you can succeed with your startup with simple steps.

The entire channel is a gem if you’re new to entrepreneurship and want to build a tech startup or SaaS.

Until next time,

FounderShark!

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