Encharge pre-sold lifetime access to its 500-person email list before building
Kalo Yankulov built a list of 500 to 600 leads from one article about his earlier product, HeadReach. Before building, the team emailed that list a mock prototype and an $89 lifetime pre-order for marketing automation software for SaaS companies. They got 50 pre-orders in two weeks. That made about $4,000 in pre-orders, against a goal of 5 pre-orders.
- Company
- Encharge
- Year
- 2019
- Outcome
- Worked
What they ran
Kalo Yankulov wrote an article about his earlier work on HeadReach, which drew almost 3,000 page views and 500 to 600 email leads. The team then tested one idea: marketing automation software for SaaS companies. They built a mock prototype and a landing page with a few screens, offering lifetime access as an $89 pre-order. According to the founder's Failory interview, the founder said they had not done much marketing for the pre-order deal apart from sending to that list of about 500 people.
What happened
They got 50 pre-orders in two weeks. Encharge's own validation write-up counts $3,950 in revenue, against an initial goal of 5 pre-orders. The interview rounds this to $4,000. Building took six months to reach the most vital features, and a closed beta had just launched when the interview ran.
What the account does not show
Both accounts come from the founders, so the figures are self-reported. The sources give no refund rate, no later revenue and no count of buyers who became paying users. At the time of the interview, the founder was consulting two days a week and spending the rest of his time on Encharge. The list came from readers of one article about a prior product, so a colder list may convert at a lower rate.
Questions
How did Encharge validate its SaaS idea before building it?
The team made a mock prototype and a landing page offering lifetime access as an $89 pre-order. They sent it to a list of about 500 people.
How many pre-orders did Encharge get from its email list?
They got 50 pre-orders in two weeks, against an initial goal of 5. The founder says that came to about $4,000 in pre-orders.
Where did Encharge's first email list come from?
It came from one article about the founder's earlier experience with HeadReach. That article drew almost 3,000 page views and 500 to 600 email leads.
Sources
- Encharge: $3,950 in Pre-Orders - How to validate a SaaS idea, failory.com, 2019-06-20.
- How We Made $3,950 In Pre-order Revenue, Encharge, 2019-02-16.