wow. I heavily use Woocommerce in our app because we charget subscription and then our clients sell things as well. And yes, it is so powerful and just works. Unfortunately, I have overall issues with Wordpress to be utilized as a scalable SAAS product. But no denying the power of these plugins.
Excellent points. I already have a detailed video demo of the app and quite a few marketing materials. In fact, the videos are the reasons I get a lot of inquiries because people love it. For existing clients, I have a lot of training materials in the form of videos and FAQs as well that they can go through. In fact, that is the first thing I ask them to do when they signup. That keeps the number of support tickets much smaller.
But overall, I can only give it so much time. There is support tickets, presales inquiries and a bunch of other things (billing/accounting). So I am always choosing (and struggling) on what to do when.
You nailed it perfectly about my financial situation. I need about 10K cash per month for family expenses (dont judge, my kids daycare costs 3K total and my mortgage+taxes is 3K being in the East Coast).
I could always sell my house and scale back but I really don't wanna do that because I wont save much in rent anyway.
Knowing that this business model is solid and if I had the right team and time/money, I could scale it a lot faster, I am leaning towards the funding option but want to be very very careful of course.
Thx. Very difficult to hire someone locally. I am in NYC area and with my profits before taxes being 5K (give or take), I doubt I can find someone even part time here in the US. I could go offshore but I dont' want to because of timezone and communication gap issues. I know this because my current freelancer even though good, is offshore and I am not able to drive things forward with him as smoothly as I want to.
Btw, I noticed on your profile that You do C# .NET MVC. I am revamping the app in exactly that :)
Well When I started, it took me abouta year to get first 20 clients. But since then, on an average, just with inbound marketing, I am getting about 6-8 clients per month (this includes clients leaving on an average as well).
My motivation to do this fulltime has many reasons:
1) Quit my job (very high paying btw)
2) I love this business and really want to spend all my professional time only on it for next few years.
3) Really scale this business because I have seen the potential. i could be delusional but based on my experience so far , I think this could be a $10 Million business in 7-10 years if done right with scale.