Comment by Mark on "I turned my side-project into a startup. I'm Ido Shamun, AMA!"

CommentI turned my side-project into a startup. I'm Ido Shamun, AMA!

Mark

Sep 9, 2020

I'm curious about the monetization.

It seems like a cool project, but not easy to find substantial streams of revenue. Curious how you're doing it!

Having 40k users is an awesome accomplishment and probably 39.997 than most projects. But is it already enough for profitability, or how many do you expect to need?

Ido Shamun

Co-Founder at daily.dev

Sep 9, 2020

Hey Mark,

Glad to have your here ☺️ You are most definitely right, monetization is super hard. Our main revenue stream is ads and it's going pretty neat. Our revenue is high enough to cover all the IT costs, marketing, community gigs, and some pocket money. It's not enough to make our livings, but it's ok for now. We've turned down an investment because we would like to navigate this product by ourselves at the moment.

We believe that once we achieve a critical mass of users we will be more attractive for advertisers and can convert more users to the premium subscriptions.

Kay Reid

Jul 13, 2021

Thanks for the update and quick reply. I'll be sure to keep an eye on this thread. Looking for the same issue. Bumped into your thread. Thanks for creating it. Looking forward for solution. myprepaidcenter.com

Search Hashnode