Apps without code - $5M/yr bootstrapped

Created by Rishabh Srivastava, Founder of Loki.ai

This summary was largely done for my own note-taking, sharing it just in case it adds more value to other people.

I have no affiliation whatsoever with anyone in this note. This is a summary largely taken for my own reference, and may contain errors :)

Context

Source URL:

From $0 to $5M Without Writing Any Code with Tara Reed of Apps Without Code

At some point, Tara Reed (@TaraReed_) decided that she didn't want to build a funded, scale-at-all-costs, move-fast-and-break-things type of business. The trouble was, by the time she realized this, she was already headed down that path with investors, employees, and high expectations.

https://www.indiehackers.com/podcast/180-tara-reed-of-apps-without-code

Why is it important: Great overview of balancing lifestyle + earnings while running a business

Keywords

...

Summary

Ask two real questions - how much of a nest egg do you want to have for yourself, and what level of peace vs challenge do you want in your life?

Map your lifestyle to milestones. What do your milestones look like?

Prefer to work really hard for a few intense weeks (6-8) and then give yourself a break for a month or so. The break is basically incubation mode for your creativity and ideas

Things that were generating their own money + courses that you teach to people are both awesome

Started off with 1-to-1. Then moved to 1-to-many.

It’s hard to charge a lot of money for apps. But this becomes easier once you white label your apps. If you let other people use your app for an internal application and customise it a little for them, you can charge them hell of a lot more

Make your messaging more about the human value people get or the concierge service they can expect than the tech. Tech is cheap is people’s mind. Services are expensive