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- πͺ The Blueprint for Mirroring Billion-Dollar SaaS
πͺ The Blueprint for Mirroring Billion-Dollar SaaS
PLUS: Open AI Devday Launch Full Details
The Blueprint for Mirroring Billion-Dollar SaaS
The best way to build a successful SaaS with product-market fit is to clone an existing billion-dollar company.
1. Mailchimp vs. EmailOctopus
Mailchimp is a marketing automation and email marketing platform acquired by Intuit for $12 billion.
An alternative is EmailOctopus, a bootstrapped email marketing tool with over $3 million in annual revenue.
2. Intercom vs. Crisp
Intercom is a customer service platform that offers real-time chat support for businesses, valued at $1.3 billion.
Crisp is a bootstrapped competitor with $565,000 in monthly recurring revenue.
3. Docusign vs. CocoSign
Docusign is a platform for electronically creating, signing, and tracking documents. It earned $2.7 billion in 2024.
CocoSign is a smaller, bootstrapped alternative, making $20,000 in monthly recurring revenue.
4. Canva vs. Playground
Canva is an online graphic design tool, generating $2 billion in revenue in 2023.
A similar AI-powered platform is Playground, which provides AI-generated design tools.
Adobe Premiere Pro is a professional video editing software. The entire Adobe ecosystem earned around $19 billion.
Captions AI is an AI-powered video editing alternative valued at $500 million.
You donβt need to reinvent the wheel. Cloning an established SaaS with proven success is a better path.
Pro-tip: Do the same but rethink the whole experience with AI like Captions did so you can build a generational company.
A tool to Discover The World's Best Short-Form Content
Typecast curates videos from top brands and creators. Use it as inspiration for improving your organic social media strategy.
One recommended video on Why Micro-Influencers Deliver the Best ROI for Your Marketing
This video explains how micro-influencers provide better returns than mega-influencers. It's a short watch.
Top Tweets of the day
1/
You don't need to worry about progressing slowly. You need to worry about climbing the wrong mountain.
β James Clear (@JamesClear)
2:02 PM β’ Aug 27, 2024
So many founders work on the wrong idea and waste their prime years. And when they don't see enough progress, they start doubting themselves and that's the end of their entrepreneurial career.
Spend more time on the idea. You don't need to fail 100s of times before you see 1 success.
2/
Free credits lower my conversion rate by 60%.
I conducted an A/B test to check if giving free credits could increase my revenue.
These are the results:
- Conversion rate dropped from 2.1% to 0.9% (-60%) π
- Revenue after free credit costs per user dropped from $0.38 to $0.23β¦ x.com/i/web/status/1β¦β philz1337x (@philz1337x)
9:43 AM β’ Sep 30, 2024
Ditch your free plan unless its used for marketing.
3/
I've never met a Super Affiliate (or anyone) who willingly gives away their campaigns that generates serious cash for them.
Sure, they share tidbits, but if you have a money printer, you guard it with your life and milk it for as long as possible before it's gone.
Hard truthβοΈ
β Tuan Vy βοΈ (@TuanVy)
7:26 PM β’ Sep 17, 2024
Real sauce gets shared in the DMs or in private groups. Very rarely anyone shares the thing that's printing money.
Rabbit Holes
I automated 95% of my hiring process - Better candidates and less headache for just $250 to screen for the right applicant. Definitely an interesting process.
Everything OpenAI Launched at DevDay - Great summary of OpenAI's DevDay. You can launch even more OpenAI wrappers now that Realtime Voice API is available. Pick the right niche, build an app around it, and make millions. Easier said than done.
How to hire better talent - "The most talented people are rarely looking for jobs." Truer words have never been spoken. Pro-tip: You can poach them from their competitors.
Until next time!
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