I Lost $50,000 to Make $1,000,000 Online With SAAS…
In this article titled “I Lost $50,000 to Make $1,000,000 Online With SAAS…”, the speaker shares their experience of investing $50,000 into building a software called Shine Ranker. Despite the challenges faced during its development, the speaker expects to make a significant profit of over $1,000,000 with the software this year. The article dives into the motivation behind creating Shine Ranker, compares the speaker’s previous ventures with services and courses, and highlights the advantages of scaling software compared to other forms of income generation. Furthermore, the current success of the software, with 10,000 accounts and 968 paying users, and the speaker’s future plans for expanding the tool are discussed. The speaker also emphasizes the importance of hard work and finding enjoyable avenues to make money, rather than relying on passive income.
Introduction
Hey, what’s up guys! Chase Renner here. Today, I want to talk about an exciting venture I’ve been working on. Over the last few months, I’ve invested $50,000 into building a powerful software called Shine Ranker. While it has been a complex and time-consuming process, I’m thrilled to share that I’m on track to profit over $1,000,000 with this software by the end of the year.
In this article, I’ll provide you with a background on why I decided to create Shine Ranker and the motivation behind it. I’ll also discuss my payment history, success with the software, and future plans for its development. Additionally, I’ll touch on my work ethic and enjoyment in finding enjoyable money-making opportunities. So, let’s dive in!
Background
Investment in Shine Ranker
Over the years, I have created YouTube videos on various topics like SEO, website optimization, and making money online. During this time, I realized that most of my popular videos revolved around using different tools for these purposes. This got me thinking, “Why not create my own tool?” So, I took the plunge and invested $50,000 into building Shine Ranker.
Complexity and Time-Consuming Process
Building a software from scratch was no easy feat. It required a ton of time and effort to bring Shine Ranker to life. However, despite the challenges, I persevered because I believed in the potential of this tool.
Expected Profit of Over $1,000,000
With all the hard work I’ve put in, I’m excited to share that I’m expecting to make a profit of over $1,000,000 with Shine Ranker just in this year alone. It’s a thrilling prospect and showcases the immense potential this software holds.
Motivation
Creating Tools for SEO and Website Optimization
As someone who has been making YouTube videos for years on SEO and website optimization, I realized the opportunity to create my own tool. Many of my viewers loved the content I shared on different tools, so it made sense to take things a step further and provide them with a tool I created myself.
Previous Focus on Services and Courses
Before embarking on the software journey, I focused on making money through services and courses. While I was making a decent amount of gross profit, I found that scaling these avenues was challenging. Services required constant client interaction, which brought about anxiety and limited scalability. Similarly, courses had their limitations, and it became challenging to continuously create new content.
Advantages of Scaling Software
Compared to services and courses, scaling software is a more manageable and scalable endeavor. With software, you can sell your product repeatedly, reaching a wider audience without the need for direct client interaction. This scalability is what attracted me to the software development route, and it has proven to be a fruitful decision.
Payment History
Now, let’s talk about my payment history and how my earnings have evolved over time.
Current Month’s Earnings: Over $40,000
In the current month, I have already made over $40,000. This showcases the growing success and profitability of Shine Ranker.
Earnings from SEO Work: $7,000 per month
Previously, I was making around $7,000 per month from doing SEO work for clients. While this avenue was profitable, it had its limitations in terms of scalability.
Earnings from First Course: $4,000
After transitioning from SEO work, I started creating courses. I made around $4,000 from selling my first course, which was focused on how to get SEO clients.
Earnings from Course – Authority Hacking: $35,000
The breakthrough for me came when I launched a course called “Authority Hacking,” which taught people how to rank without backlinks. In the first month alone, this course brought in around $35,000.
Performance of Other Courses
While the “Authority Hacking” course performed exceptionally well, the performance of my subsequent courses was not as impressive. It became clear to me that continuously creating new course content presented challenges in terms of sustainability and profitability.
Success of Shine Ranker
Now, let’s discuss the success and impact Shine Ranker has achieved.
Popularity: 10,000 Accounts Created
Since its launch, Shine Ranker has gained significant popularity. We currently have over 10,000 accounts created, showcasing the demand for this tool.
Paying Users: 968
Out of the 10,000 accounts, we have 968 paying users. This indicates the value users see in Shine Ranker and their willingness to invest in its features.
Monthly Sales without Promotion: $10,000
Even without extensive promotion, Shine Ranker generates around $10,000 in new sales per month. This consistent revenue stream is a testament to the usefulness of the tool and the satisfaction it brings to its users.
Monthly Sales with Promotion: Up to $100,000
With targeted promotional efforts, we have been able to increase monthly sales to up to $100,000. This shows the potential for growth and the positive impact of marketing initiatives.
Pricing Structure
Shine Ranker is priced at $75 per month, offering users access to all its features. Additionally, we offer a special annual pass for $297, providing users with a cost-effective way to enjoy the tool’s benefits for an extended period.
Future Plans for Shine Ranker
As an entrepreneur, I’m always looking for ways to improve and enhance my products. Here are the future plans I have for Shine Ranker:
Addition of Content Tool for Ordering Articles
To further support website optimization, we plan to introduce a content tool within Shine Ranker. This tool will enable users to order articles directly, streamlining the content creation process.
Automation of Content Writing Process
To enhance efficiency and save users’ time, we are working on automating the content writing process within Shine Ranker. This feature will revolutionize how users can create high-quality content for their websites.
Invoicing Feature
In response to user feedback and requests, we will be adding an invoicing feature to Shine Ranker. This will simplify the billing and payment process for users, making it more convenient and professional.
Work Ethic and Enjoyment
Throughout my entrepreneurial journey, I have always believed in putting in hard work and finding enjoyable money-making opportunities. Here’s why:
Belief in Hard Work
I strongly believe in the power of hard work. Building Shine Ranker was not an easy task, but the results and successes it has brought speak for themselves. Hard work, dedication, and perseverance have been key to my journey.
Finding Enjoyable Money-Making Opportunities
Instead of relying solely on passive income, I actively seek out money-making opportunities that I enjoy. By focusing on tools, services, and courses that align with my interests and expertise, I have found greater fulfillment and success.
Avoiding Reliance on Passive Income
While passive income can be appealing, I believe it’s essential to actively engage in the process of making money. By seeking out new opportunities, building valuable tools, and continuously working on my business, I am better positioned for long-term success.
Conclusion
In conclusion, my investment in Shine Ranker has been a journey filled with hard work, challenges, and ultimately, success. This software has proven to be a game-changer, not only for me but also for numerous users who have seen the benefits of its features.
As I continue to develop Shine Ranker and explore new avenues for growth, I am excited about the road ahead. Building this software has not only been financially rewarding but also a source of personal and professional growth. I encourage you to find enjoyable money-making opportunities, believe in the power of hard work, and never shy away from taking risks.
Thank you for joining me on this journey, and I look forward to sharing more updates and achievements with you soon!
Over the last few months, you’ve witnessed my gamble of investing $50,000 into the development of Shine Ranker, a software that I have been working tirelessly on.
The journey has not been easy, as it has required a significant amount of time and effort to make this project come to life.
However, I have some exciting news to share with you. Despite the challenges, I am confident that I will make a profit of over $1,000,000 this year with the software. In this video, I will walk you through the process and explain how I plan to achieve this milestone.
Additionally, I will also reveal some exciting updates and future plans for the software that I believe you will find intriguing.
I look forward to connecting with you soon.
Yours sincerely,
-Chase R
