Some great insights from NoteForms (<https://notef...
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Some great insights from NoteForms (https://noteforms.com/) growth $32,100 MRR Business and Performance Metrics: • Annual Recurring Revenue (ARR): $385k • User Base: +50k users with a steady growth trajectory. • Paid Subscribers: +1500, with a conversion rate from free to paid subscription at approximately 3.5%. • Customer Acquisition: Largely driven by the product's viral nature, social media engagement, and community-building efforts. • Operational Efficiency: Maintains low operational costs with a significant portion of work automated, allowing for minimal daily operational hours. Growth Strategy and Marketing Channels for NoteForms: 1. Viral Product Design: NoteForms leveraged the viral nature of form builders by enabling users to create and share forms, which in turn exposed the product to form respondents. This "Powered by NoteForms" feature at the bottom of each form acted as a viral loop, significantly contributing to user acquisition and mimicking the "Sent from my iPhone" strategy used by Apple. 2. SEO and Backlinking: Users adding links to their forms on their websites inadvertently created backlinks to NoteForms, aiding in SEO efforts. This organic growth mechanism was pivotal, with the product's viral loop accounting for more than 55% of acquisitions. 3. Content Creation: Despite a personal disinterest in writing, the founder acknowledged the importance of producing content for SEO. The help center was populated with numerous articles about the product, and a YouTube channel was established, offering video tutorials with around 13k views. This content strategy was aimed at improving product understanding and SEO. 4. Collaboration with YouTubers: The product was offered for free to international YouTubers, who then created videos showcasing NoteForms. This strategy helped in reaching a broader audience and enhancing product visibility through trusted community influencers. 5. Social Media Engagement: A revived Twitter account was used to post updates and new features, engaging with the community and keeping users informed. Additionally, a Facebook group with almost 2k members served as a platform for news, content sharing, and customer support, fostering a community around the product. 6. Experimentation with Paid Ads: The founder experimented with Google paid Ads, seeking to explore paid acquisition channels. Although initial results were not promising, the effort signifies a willingness to explore diverse marketing strategies to find what works best for the product.