Fomo: From a Small Shopify App to a 7-Figure SaaS Business
Ryan Kulp is the founder of Fomo, a social proof marketing solution that enables online businesses to show purchasing activity on their website automatically.
In 2016, Ryan acquired a Shopify app called Notify (which later became Fomo) and grew it into a 7-figure SaaS business that he recently sold.
The Shopify app already had a few hundred customers, so it was less about a zero-to-one problem and more about how to make the investment worthwhile and grow to thousands of customers so he could quit his job and work on it full time.
In this episode, we unpack that story and share Ryan's journey:
- We share how he went from a few hundred Shopify customers to thousands of customers, with Fomo now being used on over 30,000 websites.
- We chat about how Ryan used cold email outreach to get initial growth and something a little unusual he did (that he's not proud of), but it worked.
- We also dig into how they used integrations with other products as a major growth channel and how they were able to add over 100 integrations quickly.
- Ryan also shares the lessons he learned from a bunch of other tactics that didn't work, e.g., content marketing, SEO, newsletter ads, and more.
So I hope you enjoy it.
Book Recommendation
- “The Innovator's Dilemma: When New Technologies Cause Great Firms to Fail” by Clayton M. Christensen
The Show Notes
Recommended Podcast Episodes
- Banzai: Pivoting from a Near Collapse to 8 Figure ARR SaaS - with Joe Davy [371]
- Bootstrapping a SaaS from Zero to $55K MRR in 2 Years - with Arvid Kahl [259]
- How a High-School Teacher Earned $5 Million With Online Coding Courses - with Rob…
- Perseverance in SaaS: Navigating Pivots, Exits, and New Ventures - with Jake Stein [404]
- How Carrd's Founder Turned a Side Project into a Profitable SaaS - with AJ [225]
- What to Do When No One Will Pay for Your SaaS Product - with Ryan Born [228]
- ClickFunnels: Bootstrapping a SaaS to $140M ARR with Webinars - with Todd Dickerson [413]
- 7 Key User Flows to Unlock Your SaaS Growth - with Peter Loving [410]
- Airbase: From Solo Founder to 8-Figure ARR SaaS - with Thejo Kote [381]
- Scratch Your Own Itch for SaaS Success - with Janna Bastow [158]