Closet Tools

9 statements across 1 episodes · 4 bullish · 1 bearish · 1 people on the record · first statement Aug 4, 2020 by Jordan O'Connor · said 7 times in 1 episodes since 2020 · across every show →

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brought up most by Nathan Latka (7)

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2020 7 mentions in 1 episode

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Everything said about Closet Tools, oldest first

Aug 4, 2020 neutral
Disclosure
Founder would sell Closet Tools for $2 million to $3 million
“If I got probably above maybe like the 2,000,003 million mark, I'd probably take it.”
Jordan O'Connor Aug 4, 2020 ▶ 17:04 Closet.Tools 1 Man Show, $250k Profits, $360k in Revenue, Wow!
Aug 4, 2020 neutral
Assertion Not checkable as stated
Closet Tools experiences 15.4% churn
“The churn numbers are, I don't think they're completely accurate, but it says 15.4% right now.”
Jordan O'Connor Aug 4, 2020 ▶ 15:51 Closet.Tools 1 Man Show, $250k Profits, $360k in Revenue, Wow!
Aug 4, 2020
Assertion Not checkable as stated
Closet Tools reaches roughly $28,000 in monthly recurring revenue
“I mean, I have annual subscriptions. It's 250 a year. So I'm at like 28 K.”
Jordan O'Connor Aug 4, 2020 ▶ 7:59 Closet.Tools 1 Man Show, $250k Profits, $360k in Revenue, Wow!
Aug 4, 2020 positive
Disclosure
Closet Tools spends $3,000 monthly on Google Ads
“I actually don't do a lot of tracking, but I do about three K and Google ads. So it's all those same keywords that I rank for SEO wise. I'm still, I'm doubling down on those and running ads on those too.”
Jordan O'Connor Aug 4, 2020 ▶ 12:01 Closet.Tools 1 Man Show, $250k Profits, $360k in Revenue, Wow!
Aug 4, 2020 negative
Disclosure
Closet Tools won't raise venture capital due to limited market size
“I don't think so. I think I would only ever sell, really. I think the market's very it's not huge.”
Jordan O'Connor Aug 4, 2020 ▶ 11:20 Closet.Tools 1 Man Show, $250k Profits, $360k in Revenue, Wow!
Aug 4, 2020 neutral
Disclosure
Closet Tools founder rejected a $600,000 acquisition offer
“I did get some offers several months ago, but I was making, you know, 20 K. They wanted like, they wanted to do like 600 K or something like that.”
Jordan O'Connor Aug 4, 2020 ▶ 17:10 Closet.Tools 1 Man Show, $250k Profits, $360k in Revenue, Wow!
Aug 4, 2020 positive
Insight
SEO beats social ads for stigmatized automation tools
“If you try to advertise on social media, you get eaten up. These people are in the comments like, this is garbage, like you're a bot, like nobody likes you. But by ranking on SEO, you're just getting the people that are looking for the thing that you're alread…”
Jordan O'Connor Aug 4, 2020 ▶ 8:39 Closet.Tools 1 Man Show, $250k Profits, $360k in Revenue, Wow!
Aug 4, 2020 positive
Disclosure
Closet Tools founder prefers remaining solo operator over hiring a team
“Especially because I am, you know, just one person, you know, and I don't really want to hire a team. I would much rather just be me. It's much less responsibility on my end.”
Jordan O'Connor Aug 4, 2020 ▶ 15:25 Closet.Tools 1 Man Show, $250k Profits, $360k in Revenue, Wow!
Aug 4, 2020 positive
Assertion Not checkable as stated
Closet Tools generates $20,000 to $25,000 in monthly net profit
“So yeah, 20, 25, something like that.”
Jordan O'Connor Aug 4, 2020 ▶ 16:43 Closet.Tools 1 Man Show, $250k Profits, $360k in Revenue, Wow!
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