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- STOP SELLING TO BROKE PEOPLE
STOP SELLING TO BROKE PEOPLE
I Did it once, here's why you SHOULDNT
The very first software I ever launched was an AI tool for school work.
I thought this was going to PRINT.
There was one small problem I overlooked: Students are broke as fuck.
In 3 months, I had acquired 24,000 users. In stripe, I made around 10k.
That sounds good on paper, but lets do the math.
I sold subscriptions for $24 a month. Over 3 months, that means I had 150 paying users each month. That’s less than 0.1%.
Now lets do the math with fake credit cards. Out of that 10K in revenue, I collected 6.8K. Nearly 33% of my customers used fake cards at check out to avoid paying. I basically made 2.3k a month with this software and that’s not something I was happy with.
If you’re going to be selling software, you NEED to sell B2B.
B2B customers:
- Aren’t Broke
- Willing to spend
- Won’t use fake credit cards.
Unless the target consumer is rich (which I doubt) DO NOT DO B2C.
Please. I wanted to hang myself and you will too.
P.S
I’m building a B2B AI First line personalization software to help you make more money. If you’re interested in demoing next week respond to this email.