#298 - Our MRR is Going Down 😱

#298 - Our MRR is Going Down 😱

Author: Tiago Ferreira June 22, 2023 Duration: 33:59

In this episode of my podcast, "Wannabe Entrepreneur," I share some valuable insights on the challenges and realities of being an indie hacker. As an indie hacker myself, I understand the importance of finding a balance between financial stability and pursuing your passion. I discuss the need to sometimes take on freelance work to make ends meet and the importance of having a side job to support oneself while pursuing indie hacking.

I also share success stories from the indie community, including Luca, who was able to make money from his indie project and eventually sell his company. I finish by telling our tale to find the perfect API transcription provider for Podsqueeze.


Links

Try PodSqueeze

Join The WBE Community

Sponsor the podcast

But WBE Merch

Buy The Bootstrapper's Guide

DM me on Twitter


Mentions

Dagobert's tweet about quitting his startup


Timestamps

Indie News [00:02:40]

Tiago talks about the recent shutdown of indie startup Legality by Dagobert and the challenges of being an indie hacker.


Success and the Indie Lifestyle [00:08:16]

Tiago reflects on the ups and downs of being an indie hacker and how success is not a happy ever after, but a lifestyle with its own perks and downsides.


Tiago's Freelance Gig [00:09:32]

Tiago discusses how being an indie hacker is a lifestyle and how he has taken on a freelance gig to help pay the bills.


The Importance of a Side Job [00:10:36]

Tiago discusses the importance of having a side job as an indie hacker to reduce anxiety and boost ego.


Iterating and Dropping Projects [00:14:06]

Tiago emphasizes the importance of keeping an open mind and being flexible as an indie hacker, iterating and dropping projects that do not have early success.


Finding a New Transcription Provider [00:17:24]

Tiago shares the story of finding a new transcription provider for his podcast, negotiating prices and testing different providers before making a decision.


Transcription Issues [00:20:27]

Tiago discusses the challenges of finding a reliable transcription service for his podcast and the issues he faced with different providers.


Vacation and Revenue Drop [00:28:46]

Tiago talks about his recent vacation and the challenges of being an indie hacker, including a drop in monthly recurring income due to a big client churning.


Decreasing Churn [00:30:00]

Tiago discusses implementing annual plans and working on ways to decrease churn in order to improve revenue for his indie startup.


Tiago's plans for the future [00:30:59]

Tiago discusses his desire to replicate the success of his current project, Pod Squeeze, and his plans to learn more about marketing and scaling through interviews.


Podcast growth and call to action [00:32:00]

Tiago shares the growth of his podcast and encourages listeners to share it with friends and join his community for indie makers.


Unusual company training in the US [00:33:06]

Tiago briefly mentions the need for active shooter training in some US companies.


Tiago Ferreira is a full-time builder, an Indie Founder who operates without venture capital, turning ideas into revenue-generating startups entirely on his own terms. This podcast is the audio journal of that specific journey, focused on the craft of entrepreneurship and the tangible goal of hitting $100,000 in annual recurring revenue. You’ll hear Tiago’s own candid reflections-the wins, the setbacks, and the daily lessons learned while bootstrapping. The conversations extend beyond his own desk, featuring interviews with other entrepreneurs who understand the grind of building something from nothing. It’s a deep dive into the practical realities of independent creation, from product development and marketing to mindset and sustainable growth. Tuning into this podcast feels like getting real talk from a fellow maker who’s in the trenches, making it a valuable companion for anyone navigating the often solitary path of building a business with autonomy at its core. The focus remains squarely on actionable insights and shared experiences within the indie maker community.
Author: Language: English Episodes: 100

Indie Founder
Podcast Episodes
#295 - Can I Build a Successful Company Only by Bootstrapping? [not-audio_url] [/not-audio_url]

Duration: 40:05
Have you ever started a company and had to pay taxes? In this episode, I, Tiago, the host of "Wannabe Entrepreneur", share my personal experiences of setting up a company in Portugal. I talk about the challenges I faced…
#294 - Can Millennials Really Accomplish Anything They Want? [not-audio_url] [/not-audio_url]

Duration: 34:54
Have you ever wondered what the millennial generation is capable of achieving? In this episode of "The Wannabe Entrepreneur," I discuss the potential of millennials to accomplish great things and the importance of pursui…
#293 - Living Life on My Own Terms [not-audio_url] [/not-audio_url]

Duration: 33:56
Have you ever felt like you're living life on someone else's terms? In this episode, I'll be discussing some important topics, including societal biases around gender roles, my journey as an indie hacker, and my idea of…
#292 - The Good, The Bad, and The Spammy: My 2023 Cold Email Guide [not-audio_url] [/not-audio_url]

Duration: 38:48
Have you ever wondered how technology and communication have evolved over the years? In this episode of "WBE Entrepreneur," I reflect on this topic and share my insights on the effectiveness of cold emailing. I discuss h…
#291 - I am taking the fight to a whole other level [not-audio_url] [/not-audio_url]

Duration: 31:24
Have you ever started something from scratch and worked your way up? As someone who practices Muay Thai, I can attest to the importance of gradual improvement in both martial arts and entrepreneurship. In this episode, I…
#290 -To AppSumo or Not to AppSumo. What shall we do? [not-audio_url] [/not-audio_url]

Duration: 26:54
What should you consider when negotiating a deal? In this podcast episode, I share my experience playing football in Portugal and how owning a ball made me popular among my friends. I then dive into my business, PodSquee…
#289 - Everything Is Changing And I Like It [not-audio_url] [/not-audio_url]

Duration: 34:01
Have you ever felt lost in your career journey, unsure of what job you truly love? In this episode, I share my personal journey through different jobs and how it led me to my current project, Podsqueeze. I reflect on my…
#288 - Hey, have you heard about the power of ProductHunt? [not-audio_url] [/not-audio_url]

Duration: 31:36
Have you ever wondered what it takes to launch a successful product on Product Hunt? Well, let me tell you about my experience with launching my own product, Podsqueeze. As the founder, I understand the importance of opt…
#287 - Twitter's Unfair API Price - I Had to Call Luca [not-audio_url] [/not-audio_url]

Duration: 1:00:17
How is the increase in Twitter's API prices by Elon Musk affecting the indie community? In this podcast episode, I speak with Luca, the founder of Hivoe, who is currently facing the possibility of all his indie projects…
#286 - I doubled my MRR in one week! [not-audio_url] [/not-audio_url]

Duration: 42:48
Today I'll be sharing updates and thoughts on my startup, PodSqueeze. Inspired by a documentary on Kurt Cobain, I reflect on the idea of risking everything and how it relates to entrepreneurship. I'll also discuss the ch…