Discover Your Next Profitable Business Idea
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ConvertKit
- Email Service Provider
- $1.6 million monthly recurring revenue
Would you like to own a business with only 0.34% market share?
Doesn’t sound all that appealing, but ConvertKit is just such a business, and they’re doing $1.6 million in monthly recurring revenue and are apparently very profitable 💰💰💰
One Redditor writes:
Don’t be afraid to be the 100th company in the RIGHT MARKET.
This piece of advice changed my approach to new business ideas completely. I used to be like “Ohh, something similar already exists” and ditched the idea right away.
Now, I don’t get discouraged so quickly – I think of the market size and what I could do better than competitors to claim at least a chunk of the right market.
(Update: original post here)
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