I also looked on indiemaker and flippa, but microacquire was the only one where you dont need to pay to list your project and talk to potential buyers.. big plus
My side-project only had ~500 email subscribers, no MRR, but pretty good domain authority because it marketed itself.
And still it got acquired only after 3 months!
I sold my tiny project on microacquire marketplace, last time I checked there were even more low priced projects there, indeed it's an awesome way to experience an "EXIT" on a smaller scale :)
For relatively "small" amount of money, I totally agree. However, from my experience selling a tiny project [1], buyers were reluctant to transfer in advance even sums that are below $10K. Therefore we also used Escrow.com..
Hey,
Thanks for the comment, I attached the table-of-contents [1] below, you can see there is no such chapter :)
I agree, I also despise books that claim to take you from 0 to 100 in no time and/or teach you how to make lots of money.
In the description I clearly state that I'm sharing my personal story, which consists of practical advice, I don't make any promises. Even the book title doesn't promise anything, or says "How to..", but rather encourages you to start a side-project / side-hustle.
The goal of this book was to share my experience of building, running and selling a small side-project. So far I got good reviews and people whom I asked for feedback have clearly said that they enjoyed my book and would recommend :)
[1] Table-of-contents:
1. Introduction
2. Background
- My 1st online endeavor and takeaways
- My 2nd online endeavor and takeaways
- From e-commerce to software side-projects
- Idea
3. Building
- Technology
- Build fast
- Launch like a boss
4. Growing
- Target market
- Organic marketing
- It's what you give
- Monetization attempts
5. Selling
- Should I sell
- Everything's got a price
- How to sell
- Logistics
6. Post-acquisition
I wrote a short and to-the-point book about my "adventure" of finding an interesting idea for a side-project (hence the name of the book), building upon this idea, marketing the project (while learning marketing) and eventually selling it to another entrepreneur (as a first "acquisition" experience).
The book entails interesting bits of information as I you read along this journey that took me 3 months from ideation to acquisiton.
I've decided to sell since I wanted to work on other projects but didn't have enough time to invest in all of them.
It's the first side-project I've sold.
I will be releasing my ebook (https://gum.co/side-project) at the end of this month sharing my experiences of building and selling this side-project along with actionable advice.
Adriaan from Simple Analytics shared tips on how to bootstrap your business to success and the story of how he went about growing Simple Analytics to a successful privacy-first business that makes $5.7K in MRR.
I like Cory's attitude towards this situation, he kept lean, diversified and currently he is in a good state, even though his startup Place Card Me is mainly aimed at large gatherings. Curious to hear how others are handling Corona right now.
Rich shared with us insights from Failory, his open startup. He has a unique perspective to learn from failed startups and not only those that succeed. Pretty insightful.
I totally agree, and while we are not there yet, you see companies like baremetrics, ghost and nomadlist which started this movement. But if you take a closer look at smaller companies like placecard.me you will see more detailed blog posts covering their progress with almost complete view on how the founder develops his/her startup as well as metrics such as revenue and work hours (check https://www.coryzue.com/open/ ). I hope this will grow to more startups as it does instills a stamp of trust.
Hi Pete, cool startup you got!
I will add your startup today :D
Mind sharing links to your HN/IH/PH posts/interviews?
Also if you would like, I would be thrilled to interview you on your view of having an open startup, let me know what you think :)
Thanks for the feedback henrique, I totally agree. My initial thought was that each person has a different reason of "why" he/she should care. But I will I will probably redo that. Thanks again!