One of my weird hobbies: comparing small Internet businesses to other outposts of yeoman capitalism like e.g. owning a franchise.
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Internet: "Only elite Internet famous entrepreneurs can make > $5k /mo with SaaS." Reality: Local Subway shop sold $800k in bad sandwitches.
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SaaS: "I'm feeling like we've got insufficient visibility into AdWords, lifecycle emails, and analytics." Physical: "Local paper here's $5k"
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@patio11 I heard that most rock bands make money on volume sales. -
@tenderlove The merch mostly gets lost in the noise and, while commenters believe amped up touring dials it to 11, mechanical royalties rock - 1 more reply
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@patio11 then there’s the insane growth obsession. Small Biz: “We grew 8% last year - champagne!” SaaS: “We grew 8% last month - disaster!” -
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@patio11 Yeah, but there's a lot of SaaS companies which have *-25%* margins, too. The variance is higher, but I'm not sure about the mean.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 Also that 7% is 1) horribly optimistic, and 2) subject to random variations such that you will almost certainly crap out eventuallyThanks. Twitter will use this to make your timeline better. UndoUndo
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