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0 to $2000 MRR in One Month — Lessons Learned
In March I quit my cushy full-time job to launch HodlBot — an easy way to automatically diversify your cryptocurrency portfolio into the top 20 coins by market cap.
One month later, we hit 200 paid customers, $2,000 in MRR , and ~1 million dollars in cryptocurrencies allocated into the HODL 20 index.
The HODL 20 index on May 9, 2018. Link to performance since March 27, 2018 here
Here’s what we learned along the way.
Acquisition
Find early-adopters in niche communities
It’s hard to get the front page of reddit. But it’s easy to get to the front page of a niche subreddit. One requires thousands of upvotes, the other just ten.
Niche communities are often neglected because they are not massive channels. But what people don’t realize is that they have an extremely high reward to effort ratio.
The first post I made on Reddit about HodlBot was on /r/cryptocurrency (669,000 subscribers).
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.