What’s your business model, and how have you grown your revenue?
Our business model is really similar to the web hosting business (think WPengine, BlueHost, etc…)
Our customers pay us monthly for “x number of downloads.” Our pricing starts at $20 / month, and goes up to $99 / month.
So far, we’ve grown revenue through my audience, Jon’s contacts, and word of mouth. But, we haven’t officially launched yet. (That’s happening end of July)
How did you get your first 10 users?
I’d say two of our first 10 users came from Jon’s network (folks he knows in Chicago).
The rest came from this audience I’d built up as a blogger and podcaster.
What are the biggest challenges you’ve faced and obstacles you’ve overcome?
The biggest challenge right now breaks down like this:
- Jon works full-time for Cards, and doesn’t always have time to work on Transistor.fm
- I already own a business, so I have more time to focus on Transistor. But whenever I focus less on my existing business, and more on Transistor, I make way less revenue.
If you weren’t building TransistorFM, what would you be doing?
I’d probably still be running and building my online training business (MegaMaker.co).
What’s one thing that most people don’t know about you?
Most folks don’t know I’m 38. 😉 I got involved in tech relatively late in life (when I turned 28).
I was speaking at the AppSumo Conference in Austin. At the speaker’s dinner I looked around the table, and realized I was the oldest person there.
What did you do prior to age 28, and how did you break into the tech world?
Previously, I was working for a non-profit in social services. I was doing most of their tech stuff: web design, building fundraising software, etc… When I decided to leave, one of the board members owned a software company and hired me on the spot.
Where can people learn more about you and Transistor FM?
Folks can reach out to me on Twitter: @mijustin.
They can also check out Transistor at https://transistor.fm