📂 The First $1k MRR (& Beyond): DepositFix

The key tactics that fueled DepositFix's journey beyond $1k MRR.  ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­­

​ ​ Today's newsletter is proudly supported by Conversion Factory 🎉 ​ Conversion Factory helps you hit your ARR goal and look great doing it. It's a SaaS marketing and design agency without the BS of unpredictable costs and slow turnaround times. There are no contracts, and if you're not 100% stoked after your first month, they'll refund your entire payment. Check out Conversion Factory → ​ ​ This is The First $1k MRR (& Beyond), a series about how founders got traction for their startups, told by the founders themselves. Product: DepositFix Website: https://www.depositfix.com/ Founder(s): Denis Lunev Launched: April 2017 Current MRR range: $10k – $100k What does DepositFix do? DepositFix is a payment solution that runs entirely on top of HubSpot. It allows accepting credit cards and PayPal payments on any website and syncs all payment information to HubSpot CRM. ​ How did you get the first $1k MRR for DepositFix? The idea for DepositFix was born when I was doing custom integration dev work, specifically for companies using HubSpot. Payment integration was requested by 3 clients who paid for custom implementation, so idea was somewhat validated. The next thing I did was a round of "Sales Safari". It's a technique, that I learn from Amy Hoy and Alex Hillman at 30x500 (https://30x500.com/). The main idea behind it is you observe your potential users in "the wild" - forums, online communities. You need to notice what they complain and ask questions about, what problems they describe and what language they use. I did research on HubSpot community and related Facebook groups and found some signals that there might be some demand for my product. Then, I started replying to related conversations and trying to get people on the call to show a demo of DepositFix. The forums were the main source of customers and leads back then. Product-wise: I was saying "YES" to a lot of feature requests from early users, even if those features were super custom and not reusable by other clients (this path led to some problems later, but worked as a sales method in the beginning). It took us 10 months to reach $1K of MRR. ​ How have you scaled DepositFix beyond $1k MRR? Once we reached $1k MRR, we started paying more attention to the 'service' part of the business. That allowed us to close more deals, increase prices and accelerate the word of mouth. HubSpot reps also send us a lot of deals to help them close new customers. We continue to invest in the HubSpot partnership and align ourselves with their customer's needs. p.s. want my brain-power on marketing your business? Book a Marketing Power Hour or invest in a Swipe Files Membership. Swipe Files does not have sponsors. We have partners. We partner with trusted top-tier service providers. In fact, I reached out to them — each one has been carefully selected and vetted so I have 100% confidence in recommending them to you. Doing business with them supports this newsletter. 😊 See how these services can help you grow and mention "Swipe Files" or "Corey" for special treatment: ​Conversion Factory — My SaaS marketing and design agency without the BS of unpredictable costs or contracts. ​ReactSquad — The only developer matchmaking service for SaaS startups focused on vetted engineers who focus on React & Node.js. ​xFusion — Get trained, reliable, and affordable customer support reps ready to go for your business. ​Sales.co — Cold email from idea generation to A/B testing, all you have to do is show up for the sales call. ​Videodeck — Done-for-you video production with an expert team at an affordable price. ​Dofollow — My go-to service for sourcing high-quality backlinks in ethical ways to help you rank higher in Google. ​Embarque — Level up your content and SEO at an affordable price, from keyword research to content production to promotion. ​A Team Overseas — Proactive VAs for founders who need more than just order-takers. ​Latin Remote Workers — Save up to 70% on salaries by hiring exceptional talent from Latin America. ​Testimonial Hero — Done-for-you professional video testimonials and case studies. ​ 0 of 5 You're just 5 referrals away from unlocking 50% Off Next Reward 50% Off Share with 5 friends and become a Swipe Files member for just $249 (normally $499) or get 50% off your next year if you're already a member. Unlocked Rewards 50% Off Free Year Free for Life Share Swipe Files Shareable link: https://sparklp.co/5020dac7/ ​

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