Where to use earned money from startup?
Hey Indie Hackers,
I am Darshan, the founder of serpdog.io.
Now, I have some decent funds(not that much) to actually fund my startup. But I was thinking about where should I use this money to grow it further.
And the main thing is how should I use it in the best way?
I see 2 options for you:
Anything else is really hard to tell without knowing details.
What does your roadmap currently look like?
You need to provide more details on where you currently stand and what you aim to accomplish in the next 6-12 months.
Happy to chat anytime
Talking about where I stand in my industry, I would honestly say at the bottom. My target is to increase my rank and to be at least top 5 in my industry(SERP API). And boosting my revenue to at least 1000 dollars in these 4-6 months or more.
I meant , how much revenue do you currently have, how many users, what is your current main challenge (why can’t you grow faster), what feedback have customers or potential clients had for you, etc
I am currently making 50 dollars per month(from startup and other sources) which is not that much amount. That is why it is better to invest this small amount in the company rather than devaluating it because of inflation.
I think the main challenge in my growth is I am still not funded by a genuine audience that can become my customers. I wrote many blogs and garnered some views, also garnered some active 60 users on my service, but only 1 customer.
If I come on feedback, no one gave me it. I asked some users many times but they ignored my mail I think.
If I talk about cold emailing, I emailed something 500-600 people but none replied.
I know the cold emailing success rate is very low, but this low I didn't know why it is not working.
Ok, it sounded like you were dealing with more capital. In this instance, I would not go crazy spending the money you get in marketing or anything of that sort. For the moment you need to focus on finding product-market fit.
Have you tried posting your product on reddit forums?
Yeah, the last time I posted a blog got 165 upvotes.