#SoftwareDevelopment #WebAppSuccess #FreelancingJourney
Have you ever tackled your first major software development project? Let me share my experience with my very first $20,000 web app project! Here’s a quick rundown of how everything unfolded, from landing the client to building the app, and what transpired afterward. 🚀
- Joining the Community: I jumped into a stock trading community when it was just starting to gain traction, with under 1,000 members. I befriended the Discord owner, and as the community exploded to nearly 50,000 members, I shared my coding skills regularly.
- Gaining Trust: The owner noticed my ability to create bots and agents for various tasks, which helped cement their trust in my technical skills.
- The Project: His team wanted to develop a web app loaded with custom features like charts, watchlists, and scanners tailored for traders. So, my friend and I dived into it from our college dorm for about 1.5 months, using WordPress alongside our HTML, JS, and CSS knowledge.
- Success Story: The web app turned out to be a hit! It not only contributed to growing the community to over 100,000 members but also became a paid service. They managed to convert 1,500 members to a $99 monthly plan, raking in six figures for the business. 🎉
- Financial Outcome: We had originally agreed on $12-15K for our work, but ended up receiving a sweet $20,000 payout! Sure, we didn’t negotiate a retainer or get a cut of their profits, which I regret looking back, but for a first endeavor, I’d say we did pretty well!
What do you think about my experience? Have you tackled a big project where you learned valuable lessons about negotiation or client relationships? I’d love to hear your stories or tips! 💬
Wicked. Now you can use this as a case study for someone else. I built x for these people that did xyz and it increased their income by x – I’ll do it for you too! This time maintaining some recurring commission
Congrats! This is a meaningful win and I’m sure inspiring for bigger projects and more client work!
That’s pretty solid for a first gig. Hindsight’s always 20/20 on the equity stuff. At least you got some good experience and a nice payout. 👏
When was this?
Great job, especially for a bunch of college students. What happened to all the free users who didn’t convert, though?
Congrats 🎉
I’m a Bot developer too, building bots for crypto investors with nodejs. Let me know if you have any requirement related to crypto, I can help.
Discuss the importance of proper contract negotiation and pricing for future projects, given the significant revenue the app generated for the client.
Impressive hustle! Equity and retainers next time.