Building, Rebranding, and Selling an AI Landing Page Startup
TLDR; In the video, the speaker discusses building, selling, and rebranding an AI landing page generator, highlighting the challenges, successes, and the decision to sell the startup, ultimately leading to financial security and peace of mind.
💼 Building the Product
In 2023, the speaker built a landing page generator using GPT-4 and stable diffusion, generating $15,000 in revenue within a few months.
The product allowed customers to input text and get a landing page or multiple websites generated for various purposes like portfolio, yoga studio, or software learning page.
The MVP required customers to fill a form describing the voice tone, colors, product, customers, and choose from different packages ranging from $19 to get an entire landing page generated.
🚀 Launching & First Sales
The product ranked third on the day of launch, gaining attention through Twitter and Hacker News.
Within 2 months, it made about $8,000.
The success led to rebranding the startup to 'Mech Landing' from 'Lending AI'. The product was simplified, and the price was increased to $29 per landing page.
The new version included a user dashboard for editing the landing page, adding features like changing headlines, images, colors, and adding/removing buttons.
💰 Rebuilding from Scratch
The speaker rebranded the startup due to a naming conflict, making the product simpler and more user-friendly.
The price was increased, and a user dashboard was added for more control over the generated landing pages.
The new product gained decent traffic, earning nearly $9,000 within 3 months, providing financial stability for the speaker in Bali.
📉 Wrong Market
The speaker realized the challenge of competing with big landing page builders like Framer, WordPress, and Webflow.
Limited resources made it difficult to compete, leading to the decision to sell the startup.
🛒 Acquisition
In October 2023, the speaker decided to sell the startup and listed it on aire.com, receiving multiple offers within a day.
After engaging with several buyers, the startup was sold for $35,000, providing financial security and peace of mind for the speaker.
🌟 Outro
The speaker shares that the $35,000 from selling the startup, along with the $15,000 revenue, provides financial security for two years.
The speaker continues to ship more apps, with his small internet businesses making $50,000 in revenue in January 2024, leading to 90% profit and no employees.
The speaker recommends finding a problem to solve, shipping a small product, and seeing where it goes, emphasizing the potential for financial stability and peace of mind.