Andy Cloke, founder of Data Fetcher, explains the revenue threshold needed to transition from freelance contracting to his bootstrapped SaaS product full-time.
0:00 / 0:16exact quote · 16.1s
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“I think I'd probably do it sooner. Maybe if it gets to like five or 6000 a month and I've got savings and it's growing and I can work out, you know, in three months, this is going to be on 10,000 or something. And I just live off savings for a few months. So yeah. Yeah. Five between five and 10, I think is, is the sweet spot.”
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More from Andy Cloke
Insight
Cloke: Strong SaaS ideation comes from adapting proven tools to growing platforms
“I've got a kind of framework that I kind of follow that's basically taking, like, an existing tool or an existing kind of profitable business, and then transfer, like, basically taking that and then applying it to, like, a growing platform.”
Andy ClokeApr 18, 2021▶ 2:40Developer Goes from Freelancer to SaaS Founder With Simple Playbook (Copy it!)
Disclosure
Andy Cloke refuses to build Data Fetcher features unless requested twice
“Unless the feature request comes up twice, I'm not really building it. I think that's kind of my rule of thumb at the moment.”
Andy ClokeApr 18, 2021▶ 14:03Developer Goes from Freelancer to SaaS Founder With Simple Playbook (Copy it!)
AssertionNot checkable as stated
Andy Cloke saw Data Fetcher MRR jump from $100 to $1,300
“So in the last month, the growth's just gone a bit crazy, and it's gone from, like, 100 dollars to, yeah, like, 1300”
Andy ClokeApr 18, 2021▶ 8:34Developer Goes from Freelancer to SaaS Founder With Simple Playbook (Copy it!)
AssertionNot checkable as stated
Andy Cloke notes Data Fetcher converts 5% of signups to paid
“I know that overall rate is like four to five percent, so of people that just sign up as a user to customers is like five percent.”
Andy ClokeApr 18, 2021▶ 11:48Developer Goes from Freelancer to SaaS Founder With Simple Playbook (Copy it!)
Disclosure
Andy Cloke earns around £8,000 per month from freelance work
“Probably around eight thousand pounds, so maybe like 12, 15,000 dollars.”
Andy ClokeApr 18, 2021▶ 9:04Developer Goes from Freelancer to SaaS Founder With Simple Playbook (Copy it!)
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