Greg Isenberg - He makes $750 a day 'Vibe Coding' Apps (using Replit, ChatGPT, Upwork)
The discussion centers around using Upwork as a platform to identify business problems and create apps that solve these issues, potentially leading to profitable ventures. The guest, Billy, shares his experience of selling Replet apps on Upwork, emphasizing the importance of finding a buyer before building an app. He suggests looking for existing software solutions that can be improved or replaced with custom apps. The conversation highlights the potential of earning significant income by developing simple CRUD apps and offering ongoing support and feature enhancements. The episode also touches on the challenges of building SaaS businesses, suggesting that consulting and custom app development can be more manageable and profitable. Practical insights include using tools like Replet and ChatGPT to streamline app development and leveraging Upwork to find clients and validate app ideas.
Key Points:
- Identify business problems on Upwork to create valuable apps.
- Find a buyer before building an app to ensure demand.
- Use tools like Replet and ChatGPT to efficiently develop apps.
- Offer ongoing support and enhancements for additional revenue.
- Consider consulting and custom app development over SaaS for manageable profits.
Details:
1. 🎙️ Introduction: Vibe Coding & Online Earnings
- Individuals are earning between $5,000 and $20,000 per month by selling AI services on Upwork, either as solo developers or with small teams.
- Exploring Upwork can reveal current business problems and potential SaaS business opportunities.
- The episode features Billy, who has successfully started and sold multiple Replet apps, sharing insights on making money with Vibe Coding and navigating the Upwork ecosystem.
- Key takeaway: Learning how to sell an app effectively without traditional marketing methods.
2. 💼 Exploring Upwork: Opportunities in AI Services
2.1. Pre-Selling Apps Before Building
2.2. Finding Opportunities on Upwork
2.3. Evaluating Project Viability and Pricing
2.4. Exploring Lucrative Opportunities and Prototyping
3. 🛠️ Tools for Success: Replet and ChatGPT Prototyping
3.1. Introduction to Prototyping
3.2. Advantages of Using Replet
3.3. Building with Replet and Cloud 3.7
4. 🚧 Navigating Challenges: Overcoming Coding Hurdles
4.1. Complex Features and Integrations
4.2. Replit Bounties and Support System
5. 💰 Maximizing Upwork: Freelancing and Earnings Insights
5.1. Earnings Potential on Upwork
5.2. Building Apps and Prototypes with Replet
5.3. Consulting and Solving Client Problems
5.4. Strategic Insights on SaaS and Distribution
6. 🤝 Consulting vs. Product Development: Strategic Decisions
- Building B2B apps for business owners is often more straightforward as it involves dealing with a single decision-maker, simplifying communication and feedback loops.
- A SaaS app can be developed for a niche market, such as targeting 10 clients who pay $1,000 a month, demonstrating that fewer clients can still result in significant revenue.
- The app Calai, which assists users in identifying calorie content in food, has achieved $30 million in annual revenue, showcasing the potential of innovative consumer-focused applications.
- Developing consumer apps like Calai is considered high-risk due to distribution challenges, as opposed to the relatively lower-risk B2B SaaS apps.
- The level of difficulty in product development can be viewed as a hierarchy: providing a direct service as the simplest, building B2B software as intermediate, and creating consumer-focused apps as the most challenging.
- Risk assessment is crucial; consumer apps bear higher risk but potentially higher rewards, whereas B2B software may offer stability and upfront pricing as a risk mitigation strategy.
- The strategic decision between consulting and product development should align with personal excitement and business goals, whether it's building widely popular consumer apps or niche B2B solutions.