How I Sold my Startup for a 5-Figure Exit!

This was a project that I started in April 2022 with Rishabh Garg, my tech cofounder. I am talking about “Affiliate Corner”. We sold it for a 5-figure exit in July 2024.

With Affiliate Corner, you can browse, filter affiliate programs, and get a lot of insights on hundreds of affiliate niches like SEO, competition, audience & more. So it was a complete research solution for affiliate marketers.

Initially, we started with a pre-sell offer while building the product.

Watch my full video here:

And we got off to a superb start. We raked $6000 in 2-3 days with our pre-sell offer.

We knew there, that our product has a lot of potential and we will keep growing this until we can.

That was our pre-validation moment. I recommend doing this for any of your big products.

  • Create a pre-sell offer
  • Sell it for a lifetime deal or a discounted monthly pricing locked in
  • Watch out for the customers
  • Limit the quantity of orders (Maybe 50-60)
  • Release the product to them
  • Take good feedback and re-iterate again

This is a highly effective blueprint that you can follow.

We did that.

Revenue + Exit

In 2 years of Affiliate Corner, from April 2022 to July 2024, we generated over $90,000. Got customers from almost 100+ countries.

We sold it for a 5-figure exit. That constitutes a 2x valuation of the yearly revenue we got.

Since it was a lifetime deal product (One-time price and not a subscription product), the valuation multiple was 2x and we were okay with that since we know that subscription products hold a better valuation.

Marketing & Scaling Affiliate Corner

Rishabh handled all the tech and I handled all the marketing stuff for Affiliate Corner.

We did every marketing strategy that we could to make sales.

Initial Phase

  • Initially, we started off on Twitter (X). I have a good following, so we started really well. We used to get some consistent sales from Twitter (X).
  • For pre-orders or pre-sell, we launched the offer in 2 niche Facebook groups related to lifetime deals. That is where we got the majority of our sales in our pre-sell period.
  • Then, I had an email list that I already had, with a marketing-related audience. They were interested too.

Second Phase

  • Product Hunt Launch:
    • Ofcourse, we did what every founder does. Launched on Product Hunt. I don’t recommend this strategy for long term, but yes, getting some eyeballs is good to have. So we did launch on PH.
  • The Micro-Influencer Strategy:
    • We onboarded micro-influencers on a commission basis on YouTube. They did a phenomenal job. We told them to promote our product for a nice hefty commission. They agreed. Those YouTube videos got us consistent sales over a long period.
  • The Sub-Reddit Strategy:
    • I analyzed Reddit and found some niche sub-reddits, where I thought if I could promote here, it would be awesome. So I contacted the Sub-Reddit owners, and they agreed to have a listing of our product in the Sub-Reddit info menu. Many people go through the resources/info menu of the Sub-Reddit to know more about it.
      • There we listed our product for a fixed price for a fixed amount of time. Got good sales from there.
  • Paid Advertising:
    • We ran Facebook Ads (Meta Ads) and were able to get 3x ROAS for it. We ran that for almost 2 months but later realized that scaling FB Ads is not for the faint-hearted. It’s a complex strategy that involves a good amount of funds, patience, and skill.
      • We thought that we should not do something that we are not an expert in. But for whatever period we did run, it was quite profitable given that we got ~3x ROAS (Return on Ad Spend)

Last Phase

  • LTD Marketplaces
    • In our final phase of marketing and sales, we launched our product in various LTD marketplaces like Appsumo, Deal Fuel, Deal Mirror, and more.
    • We got a nice amount of sales from there and it was constant. Not sustainable enough but constant.

Learnings & Final Thoughts

This was my first major online product that generated almost close to a 6-figure revenue. Learnt a lot of marketing hacks, selling online, and especially launch strategies.

The biggest learning in this journey was: If you build something really useful and can market it to the right person, there is no way you cannot make money.

You can make money. Just build a useful solution.

The reason I sold Affiliate Corner was 2 things: First, we needed some upfront cash to have some peace of mind and Second, I wanted to build more products and focus on them.

With this, I was able to free up my time to focus on other things and simultaneously get some good cash in my hands.

As an entrepreneur, I follow a simple rule for money: Cash now is always better than cash later.

Ofcourse, it depends person to person and the situation you are in. But I try to align with this principle, as you can do a lot of things once you have some cash in your hands.

What’s next?

I currently run 2 products and I am building some more products with AI coding platforms like Lovable.Dev

  • LTD Ideas (Get product ideas that you can sell for lifetime deals)
  • RaaP Course (Learn to Build Directory Products with No-code & AI)

Feel free to join my newsletter as I share more tips, and learnings on building and launching online products.

tejas_rane
tejas_rane
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