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- Solopreneur Alex does $300,000 + in yearly revenue with "Boring Business"
Solopreneur Alex does $300,000 + in yearly revenue with "Boring Business"
How Alex Turned a "Boring" Business into a $300k+ Annual Revenue Success - Embracing simplicity.
In the world of startups, there's often a dichotomy between "cool"
businesses that sound impressive at parties and "boring" businesses
that simply make money. Alex, a solo founder, has found success by
embracing the latter. Recently hitting $300,000 in annual revenue, Alex
shares his journey and insights into why running a "boring" business
can be the key to a fulfilling lifestyle.
The Birth of Cyberleads, Alex's current venture, is a monthly list of
funded companies likely to outsource specific services. For example, a
design studio might find companies that recently raised funds and are
in need of design services. Subscribers receive not only the list but also
the decision makers' contact information, making it easier to reach out
and offer their services.
The Importance of Simplicity
One of the key lessons Alex emphasizes is the power of simplicity.
"One thing that I think especially solo entrepreneurs can leverage is
use simplicity as a differentiator," he says. From the product itself to the
landing page, keeping things straightforward helps attract and retain
customers. For Cyberleads, this means manually verifying data to
ensure accuracy and providing a clear, easy-to-understand service.
B2B vs. B2C:
The Stark Differences Alex has experience in both B2C and B2B
markets, and he notes a significant difference between the two.
B2B customers are often more willing to spend money if it saves time
or generates income. "If it's for your business and it costs a thousand
dollars per month, but it has the potential to save you ten hours or
make you ten thousand, you will buy it and you'll be very happy with it,"
Alex explains. This willingness to invest in business solutions contrasts
sharply with the B2C market, where even a $0.99 app can be a tough
sell. For Alex, the shift to a B2B model has been transformative,
allowing him to generate substantial revenue with fewer customers.
“ONE PRODUCT THAT PEOPLE WILL PAY FOR, WITH ONE DISTRIBUTION CHANNEL OVER & OVER AGAIN.
“WITH ME I STARTED THE LAUNCH OF CYBERLEADS ON PRODUCT HUNT, WHICH GOT ME MY FIRST 10 CUSTOMERS. AFTER THAT ITS REALLY A SENSE OF TRIAL AFTER TRIAL. I FOUND TWITTER WORKED VERY WELL FOR ME, SO THAT BECAME MY MAIN DISTRIBUTION CHANNEL TO GET TO WHERE I AM NOW”
ALEX SHOWS YOU WHAT PLATFORM HE STARTED WITH TO GET HIS FIRST 10 CUSTOMERS & HOW WE GREW IT FROM THERE
The video below talks about Alex’s 19 cool products he built to which only 1 (Cyberleads) became succesfull.
How he built a boring & simple product, chose a simple acquisition channel through trial & error & showcases step by step what he did to reach $300,000 in yearly revenue.
ALEX HAS MULTIPLE OFFERINGS WITHIN CYBERLEADS, THE MOST
LUCRATIVE OFFER HE TALKS ABOUT IS THE DONE FOR YOU, WHERE HE
CHARGES $2000 A MONTH FOR A DONE FOR YOU SERVICE OF COLD EMAIL
MARKETING TO LEADS AND BOOKING MEETINGS. IN ORDER FOR ALEX TO
REACH $1,000,000 YEARLY REVENUE, ALL HE NEEDS IS 40 CUSTOMERS
FROM THE ENTIRE PLANET, LET THAT SINK IN…
TOOLS ALEX USED TO BUILD & SCALE $300,000 in yearly revenue
BUILDING CYBERLEADS & ITS FEATURES - airtable.com
NEWSLETTER SOFTWARE FOR CUSTOMERS - buttondown.com
INITIAL LAUNCH OF PRODUCT ( where he got first 10 customers ) - producthunt.com
HIS CUSTOMER ACQUISITION CHANNEL - x.com