- No Code Alex
- Posts
- Making $1M in SaaS
Making $1M in SaaS
how possible is it?
Equity Vs Cashflow
there are really two big milestones in online business in my opinion
your first $10,000 month, and making your first million dollars
now, there is no doubt in my mind that the fastest route to a $10,000/month is an agency/sales/freelancing as a no code dev
and many of you will be ecstatic when you get to $10,000 a month, and as you should be, it allows you to live a nice life
however, I know most of you don’t want to stop there, and to make a million and beyond, it’s actually much faster to build $1M in equity value than to earn $1M
what do I mean by this? Most people never get their agencies past like 20k/mo
it gets to be an operational headache and they lack on the fulfillment side so they’re always chasing new clients
so $20k/mo x 12 = $240,000/yr which means about 4 years to earn $1M pretax
SaaS however, you create your wealth through ownership of your shares primarily
you can sell every $1 of annual profit for 5-8x that amount (conservatively)
so if we want to own a $1M company, we need to own a software company making $200,000 profit per year, and of course have low churn, good LTV, etc.
and is that easy? absolutely not - but if you start TODAY I know you can get there in less than 4 years, I bootstrapped Closify from 0 to a 6 figure month in 16 months.
The challenging part is you don’t know what you don’t know, and I learned more in my 2 years running and then selling Closify than any course or mentorship I ever purchased
now if you’re still super new to online business, I may recommend you to still go start an agency or do sales or freelance
but if you’ve had some business success? If you know SaaS is your next play but you just feel like you need a little guidance? Or you just want to do it with someone that has 2 exits, and is actively running multiple SaaS companies
then watch this 6 minute video to see if you qualify to work with my No Code Dev Agency that I run as a venture studio
Everything about how you can work with me is outlined here
Let’s run up $1M in equity value together
God bless,
alex