Headway · B2C · book summary app
Grow a simple app purely on paid ads, without outside funding
$200-300M a year, 30% margins, doubling yearly
What they did
What happened
- Stage
- scale
In their words
Dan Vykhopen - This app makes $2m/year using this ridiculously easy strategy
Dan… It's all this stuff." It's like, no, a lot of people just kind of like push really hard and like figure out what to do. One example is Headway. Did you hear about Headway? Headway is this app that gives you 15-minute book summaries. $2-300 million a year, 30% margins, and two times year-over-year growth on straight paid, on performance marketing, on paid ads. And it's a simple app. I don't know that it necessarily solves any painful problem.
DanIt's not like, "Oh, I have this thing every day. I wish I could summarize this book every single day and read a 15-minute summary." Like no one's asked for that. But they kind of just kept pushing and figured out paid ads arbitrage to scale to $2-300 million a year, and they kept pushing and pushing and pushing and pushing. They were bootstrapped the whole way, by the way. You just got to keep pushing in the right direction. It's hard for a lot of people. The success stories that you hear on here, you know, like, "I got to 3 million MRR in like 6 months." Like okay, that happens very rarely. For most people,
Danit's more difficult, but you can still get an insanely cool outcome. And I think indie hackers like kind of kill that because they just keep moving on project after project after project. I- I actually even blocked Peter Levels on on this thing because of that, because it seems like they just are totally against these bigger companies, like, "No, find your time." Like no, like if you've got a good product and people are paying like 50k a month …
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More from this episode
- Post 'if I built this, would anyone want it?' on LinkedIn before building8M impressions and 5,000 comments from ~500 connections
- Collect a waitlist with LinkedIn posts like 'top 200 companies hiring now'40-50K sign-ups, but only ~0.5% signed up at launch and almost none paid
- Post on Hacker News and send heartfelt personal messages to scraped emailsFirst 100-500 paying users; ~$20K MRR after 8 months of grinding
- Pitch the app as 'Tinder for jobs' instead of describing the AIFounder estimates 2-3x more views and better creator reply rates
- Check Stripe or RevenueCat after each viral video to see if it soldNow 3-5 viral videos a day and can't tell which ones convert
- Post comedy skits aimed at college studentsCollege students didn't convert at all; skits miss the problem
- Open with 'Stop using LinkedIn to apply to jobs', not 'Indeed'LinkedIn hook: ~1M views, high conversion; Indeed: 11M views, only ~$20K MRR
- Make 80% of videos remakes of formats already going viral; 20% new ideas
- Relaunch your stalled UGC creator program with fresh energyAn 11M-view video in 4 days, but only ~$20K MRR; program died
- Scale creator videos from 500K to 3-4M views a weekNo more conversions than at 500K views a week
- Pay influencers a monthly retainer to post about the appGot views but few conversions; followers weren't job hunting
- Change your subscription pricing behind a hard paywallRevenue doubled; no details on what changed
- Use paid ads to learn what converts instead of guessing with organicRevenue up 50% from ads; method not described
- Copy a proven onboarding from another app and focus on ads instead
- Run ads that name a very specific pain, like 'run 10+ miles with tight hips?'Converted Dan after 6 ads despite a painful checkout; ads live ~2 years
- Film a friend 'discovering' the app, with two faces and a moving cameraGoes viral consistently with one or two formats; widely copied
- Have a creator repeat one format for weeks, building on any 6K-view videoSame format went from 382 views to 1.7M; founder says it converts very well
- Recreate real people's job-offer videos with actors; sell in the commentsDan calls it illegal; commenters caught on and videos are being taken down
- Sign up ~100,000 TikTok Shop affiliates for a product everyone can useDan guesses nine-figure revenue
- Front your bootcamp with an AI quiz funnel offering 100% scholarshipsRevenue tripled in under a quarter from a $50M/year base
- Sell the same note-taking app to older users instead of students~3x TurboLearn's revenue on 1/5-1/6 of the downloads
Tags: performance-marketing, bootstrapped