Hey y'all,
I've been working on SoloSync, which syncs changes from Salesforce to Notion. I'm scratching my own itch, so I wanted to test demand prior to writing too much code.
Can I acquire a customer for less than one year's contract value ($99 * 12 months)?
The number we're chasing here is called ROAS or return on ad spend. The higher ROAS is, the closer you are to an infinite money glitch.
Here's how I tested demand.
My MVP is:
The app is not finished, but it's finished enough that I could demo it to a customer. The important learning here is to do this test before you write tons of code.
I created a Google Adwords account, crafted some copy, and set a budget.
While $385 was more than I wanted to spend, I learned a few great things here.
March 8th 2023
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*I’m ball parking in my ability to convert 2% of traffic into paying customers through a trial. I’m estimating that on converting 10% of traffic to a trial and 20% of those trials into paid. The 10% is based on my gut but the 20% is an industry standard-ish number.
Overall, am I willing to trade $35 once for $198 per month? Yes. Solid deal.
Even better if I can push folks to annual billing which is super common in B2B land.
Adwords is one of two main acquisition channels for SoloSync. Because I'm building a tool for Salesforce, I can list it in the Salesforce AppExchange (app store) for free.
Getting into AppExchange is my current top priority now that I've validated demand to some degree.
LFG,
Drew
Making the web faster at ▲Vercel while bootstrapping SaaS on the side. Currently building tryslater.com ⏰
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