Data Analysis of 1000 Products From IndieHackers.com
Data analyzed on May 13th 2020
638 Products Make $0 Per Month
Being an Indie Hacker is tough, most makers actually don't make it – It is a struggle to find the first customer, to make sure the product is good enough and accepted in the market, to find a co-founder, or a growth hacker. Most developers should consider starting with a growth hacking strategy. Learn More
212 Products Make Between $1- $1000 Per Month
The majority of products in this category make less than $250/mo. Approximately 85% of these products are self-reported revenue versus 15% validated by Stripe. The total monthly revenue for the 212 products is $35,549.7 There is still more work to be done. If your product is in category, please consider Drafting a growth marketing plan
121 Products Make More than $1000 Per Month
This is where it gets rewarding to be an Indie Hacker. The 121 products in this category have a monthly revenue from $1000 to $192,000 - from here, the future can only be bright for those you keep working hard: More users/customers - Bigger partnerships - VC funding - Successful exits - A sense of accomplishment and purpose…the list goes on.
73.74% of Total Revenue Is Self Reported
Indiehackers.com allows makers to self report revenue generated by their products - if they are not integrating with Stripe. Assuming that indie hackers are honest, the total of self reported revenue is close to $27,529,000 /mo versus $10,177,900 /mo verified by Stripe.