AI Business Idea Validator makes $8K/m Profit in 5 months

Statistics:

• Website: Dimeadozen.ai

• Launched On: 7^th of March, 2023

• Total Revenue: $58,000

• Total Profit: $32,000

• Last Month Revenue (July): $16,700

• Last Month Profit (July): $8,000

Description:

Dime A Dozen is an AI platform created by Salvatore Aiello which allows users to validate their business ideas in seconds. This serves entrepreneurs and early-stage founders by providing them with a 40-section report on their particular business idea, covering topics such as: business viability, monetization strategies, potential risks, MVP, amongst many others.

Since its launch in March of 2023, Dime A Dozen has been able to attain a total of 900+ paid users and a total of $32,000 in profit.

Business Model:

This AI business runs on a B2B charging where users initially get one complimentary report credit trial which gives them a sneak peek with a 3-section report of their business idea. If they want to unlock the entire 40-section report they must purchase a report credit priced at $39 for 1 report. Dime A Dozen also offers multiple report credit packages at $109 for 5 reports and $189 for 20 reports.

According to their Acquire.com listing, Dime A Dozen has generated a total of $58,000 in total revenue and $32,000 in total profit since their launch in March of 2023. With their average order value being $62, this breaks down to 935 total paid users. According to their LinkedIn, Dime A Dozen also has over 40,000 freemium users with their emails which is a valuable asset. Salvatore now listed the company for sale with an asking price of $160K at a 2.7 revenue multiple.

Growth Strategy:

Dime A Dozen has used a combination of referral and organic traffic to build up the majority of their monthly website visitors, with the majority of the traffic coming from the former method.

Salvatore has been able to do that by getting their AI project featured on 9 of the leading AI newsletters and data aggregators, which have a combined monthly search volume of over 12 million website visitors. Dime A Dozen’s most effective referral traffic partnerships have been with futuretools.io and theresanaiforthat.com which combined bring in an estimated 60% of the referred traffic.

Listing their project with numerous leading AI newsletters and data aggregators has also helped them with establishing social proof but also with SEO in terms of link building and gaining domain authority. This in turn complimented Dime A Dozen’s organic traffic channel. They rank 1^st for keywords like “Validate your business idea AI”.

Lastly, according to Salvatore they have also been able to grow their average order value by 10% by offering upsells like generating competitor reports, pivot options and non-profit ideas.

Tech Stack:

SolidJS, Solid-Start, Typescript, MongoDB, Vercel, AWS

Key Takeaways:

Utilizing referral traffic by collaborating with leading newsletters, data aggregators or other relevant entities in your field can be instrumental for your marketing growth. This seems to work especially well right now for AI businesses.