$19K MRR with a simple OCR app

$19K MRR with a simple OCR app
Do not index
Do not index
Canonical URL
Hide CTA
Hide CTA
Related to Authors (1) (Content)
Taggun is a simple OCR API SaaS making $19k/month.
The biggest lesson from it’s success?
Your startup doesn't need to be fancy.
You just need to build a simple solution to a painful problem.
notion image
Taggun is a simple API app that other apps can use to extract accurate information from invoices and receipts.
Taggun has a wide range of features, and you read how it works in the detailed case studies on their website. But a few things stand out -
  • They automate the menial boring work for big companies.
  • They offer custom models for their larger custoemers.
  • The customizations they build for one customer, end up being re-used by other customers.
These are the custom AI models Taggun built for a financial company Ramp.
notion image
Pretty sure they can re-use these models for other customers as well, while still offering them a customized experience.
I like to call this Standardized Personalization.
Where on the backend, youre implementation of a solution is standard and repeatable, but on the frontend you’re able to offer a truly personalized experience.
When you offer a personalized experience, you can charge a lot more, because it’s not a cookie-cutter experience anymore.
I’ve written more about standardized personalization here.
My favorite lesson from Taggun’s success is the founder’s hustle -
notion image
He didn’t get any traction.
For 1 year…
But he kept going and kept trying different channels before starting to see some traction.
After reading so many of these stories, I’ve come to accept that all of us are going to have that year or 2 of pure struggle and failure. So it’s best to start taking action and dive deep into it instead of trying to avoid it.

Top Lessons

  • You don’t need a fancy idea, you just need a simple solution to a painful problem
  • The value in SaaS is to automate the tedious work for businesses
  • Provide personalization and customizations.Can’t charge a lot more for that
  • The struggle is part of the game, don’t be turned off by it.
  • Be prepared for at least a year or 2 of challenges.
You can read the initial Taggun journey in the 6 public posts the founder has written on Indie Hackers.
Hope this inspires you a little. Do tell me what you think of it in this Tweet.

How to build new features

Bhanu (founder of SiteGPT and Feather) shared this nugget of wisdom in the Indie Masterminds Slack last week -
notion image
  • Wait for enterprise customers to request features
  • Build for them, get them to pay
  • Test and iterate with them.
  • And then release it for everyone.
Brilliant!
Now wonder he’s doing so well with both his businesses.

Don’t hate the books hate the reader

Last week I was seeing a lot of criticism of this picture of the best self help books to read.
notion image
If all you do is read and don't take action then this is just productivity porn.
But if you are self aware and have the ability to act on what you learn here, then this is Gold.
It's not about the books, it's about YOU.
True for everything in life!
If you want to grow, read good books and take action on them 💪
What do you think? Do you read/hate books?
Share your 2 cents in this tweet.

3 things that matter the most

  • Painful problem
  • Purchasing power
  • Easy to find customers
Look for these 3 things when starting a new idea
From $100M offers by Alex Horomozi -
notion image
We had a great conversation about this book in one of the Indie Masterminds events. You can join today to watch it.
(Along with all the other webinars and workshops)

That's it for today folks. Hope you found this useful.
If you did, please share it with a friend. And do signup to receive more such posts every week in your inbox.

Useful links you don't want to miss -
  • If you care about the strategy, frameworks, tactics and psychology of entrepreneurship, then you must read A Smart Bear newsletter. It’s genius!
  • 19 failed products and 1 successful product - a boring B2B productized service.Great Lessons from Alex West. Must Watch!
(*Links in bold are classified ads, to reserve your spot, please send me a DM on Twitter.)
 

🤗 How can I help?

Whenever you’re ready, here’s how I can help you -
  • Join the tiny community for your big dreams We support, inform, educate and inspire each other every day. We are a tight knit group of indie hackers and solopreneurs working on our projects. We would love to have you. Entrepreneurship is hard, don’t do it alone. Come join us!
  • 💸 An info product can set you free, it can help you grow your audience and income. Learn the step by step framework to build and launch an info product in 14 days. Buy Now

Get 1 new actionable framework every week

Proven strategies for creators, indie hackers and solopreneurs. Read in less than 5 minutes every week. Sent to exclusively to 2600+ readers

Join for FREE
Ayush

Written by

Ayush

Eternally Curious. Writing, Learning, Building in Public. Writing about Ideas + Inspiration + Insights for creators, solopreneurs and indie hackers | Simple tips and frameworks to help you build a sustainable solo business

Related posts

$33K MRR with a simple Slack bot$33K MRR with a simple Slack bot
Why sell to “higher-ups”?Why sell to “higher-ups”?
Wacky Marketing ExamplesWacky Marketing Examples
$8K MRR SaaS with THIS framework$8K MRR SaaS with THIS framework
Unbundling ideas in SaaS, info products and newslettersUnbundling ideas in SaaS, info products and newsletters
🚀 0-$1M ARR in 7 months! | The AI Arbitrage🚀 0-$1M ARR in 7 months! | The AI Arbitrage
💡Money Making Ideas - Where to find them?💡Money Making Ideas - Where to find them?
$13K MRR selling peace of mind$13K MRR selling peace of mind
$22K MRR - Simple “Link in Bio” tool$22K MRR - Simple “Link in Bio” tool
$293K ARR - stupidly simple bookmarking tool$293K ARR - stupidly simple bookmarking tool
$24K MRR - Simple email forwarding service$24K MRR - Simple email forwarding service
$100K MRR - Simple Form Builder$100K MRR - Simple Form Builder
$106K MRR - Upwork Lead Gen tool$106K MRR - Upwork Lead Gen tool
$291K a month teaching backend courses$291K a month teaching backend courses
$145K MRR - simple employee scheduling tool$145K MRR - simple employee scheduling tool
$704K MRR - Solo Founder SaaS$704K MRR - Solo Founder SaaS
$15k MRR - Stupidly simple PDF converter$15k MRR - Stupidly simple PDF converter
$19K MRR - SEO SaaS + service$19K MRR - SEO SaaS + service
0 to 8 figure exit in 18 months0 to 8 figure exit in 18 months
$34K MRR - Simple chatbot builder tool$34K MRR - Simple chatbot builder tool
$630K ARR - Simple API to generate images$630K ARR - Simple API to generate images
$32K MRR - Simple Analytics tool $32K MRR - Simple Analytics tool
$1M ARR with single page site builder$1M ARR with single page site builder
$6.8M ARR - Simple Blogging Tool$6.8M ARR - Simple Blogging Tool
⛵$13K/m while living on a boat⛵$13K/m while living on a boat
$700K a Year with SEO$700K a Year with SEO
📝 $32K MRR editing words📝 $32K MRR editing words
$3M MRR Bootstrapping in a competitve market$3M MRR Bootstrapping in a competitve market
$8600 MRR with a simple email app$8600 MRR with a simple email app
$15K MRR - simple AI video editing app$15K MRR - simple AI video editing app
What is Micro SaaS? (2024) | Ideas for Unlocking Niche Markets for Profitable GrowthWhat is Micro SaaS? (2024) | Ideas for Unlocking Niche Markets for Profitable Growth
$250K in 1 year as a solo founder$250K in 1 year as a solo founder
Traction: How to Achieve Explosive Start-Up Growth - Book SummaryTraction: How to Achieve Explosive Start-Up Growth - Book Summary
$8K MRR - 1 Founder - 0 employees - $0 marketing spend$8K MRR - 1 Founder - 0 employees - $0 marketing spend