Howgorithm
$3,500
Facts and Figures
Recent Performance
Month | June 2019 | July 2019 | August 2019 |
---|---|---|---|
Revenue | $0 | $0 | $0 |
Expenses | $40 | $40 | $40 |
Net Profit | -$40 | -$40 | -$40 |
Month | Pageviews | Users |
---|---|---|
September 2019 | 12 | 6 |
August 2019 | 101 | 29 |
July 2019 | 32 | 14 |
Note: Traffic data was provided on 07 September 2019. Enquire for more recent data.
Business Description
1)Provides web app that makes modern-looking flowcharts fast
2)store/share flowcharts with friends/coworkers
3)research processes
Intent was to create a crowd-sourced library for how-to processes in flowchart format.
How does your business make money?
We offer premium subscriptions to our software for $6 per month.
Premium subscriptions include:
-ability to keep flowcharts private
-ability to export to pdf
-premium templates
-no logo on flowcharts
Why should someone buy this business?
Howgorithm has massive potential as the slideshare for flowcharts.
It has a fully working product, just needs to be optimized and marketed.
Why are you selling this business?
I and my 2 co-founders each have full-time jobs and young families and just don't have the spare time. When we launched Howgorithm, all of our kids were much younger and require less involvement. They've now gotten a bit older, are now in school and our spouses need more support. We're also extremely tired and need better life balance.
Why didn't we do Howgorithm full-time? We wanted significant traction before we took the leap, and it never happened, likely due to lack of marketing & unclear focus on business model.
All founders also recognized that we needed to push out a version 2 of our software which would have required raising another $10-$20k. Since none of us had bandwidth to execute, we didn't feel comfortable asking for more funds from our investors.
Business Strengths
- High Barrier of Entry to Market
- High levels of Automation
- Passive Revenue
- Scalable Business Model
- Overall Market Size
Opportunities for a new owner
- Improve Current Marketing Efforts
- Develop New Features
Key day-to-day operations
- Customer Support / Service
- Programming / Development
- Content marketing
Marketing
- Email Marketing
- Google Adwords
- SEO
Assets
- Brand assets
- Custom technology
- Domains
- Marketing materials and collateral
- Policy and Process documents
- Relevant email accounts
- Social media accounts
- Website files, source code and content
- Google Adwords
Social Media
Post sale support
This is support provided by the seller when transitioning the business to a buyer.
About the Seller
Jeremy Deaver
United States
Hospital administrator/entrepreneur in Greensboro, NC. Husband & father of 4. NC State alumni