Case Study👉 How To Earn $70,000/Month Through a Software Development Company

Author

Ayman Houssary
August 24, 2023

The Scott Max Newsletter

In Partnership with Morning Brew

Hi 👋, this is the Scott Max newsletter. The daily newsletter bringing you one step closer to your own thriving online business.

We analyze a wonderful, small, online business each week with a full breakdown of how it makes money, why it makes money, and its opportunities to grow. Below that, we give you the action steps to build a business like this to create freedom for yourself.

This is the best way to learn the tactics, skillset, and nuance of making money online.

Let’s get to the good stuff you'll see in this email:

  • A steady flow of $70,000 per month.

  • A remarkable display of ethical partnership practices.

  • A visionary guide to crafting a business.

But first, let me introduce our partner for this email,

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What does this online business do? 🚀

In today’s newsletter, we turn our attention to a remarkable software development company that has been making waves in the industry.

This business, which remains undisclosed until the big reveal, has managed to achieve remarkable success, generating an impressive monthly revenue of $70,000!

With their expertise in software development, this company has established itself as a trusted partner for businesses seeking innovative and tailored solutions.

Their commitment to delivering high-quality products and services has propelled them to the forefront of the industry, earning them a significant market share.

Throughout this newsletter, we will delve into the strategies and factors behind their success, exploring how this software development company generates such substantial revenue month after month.

Join us as we uncover the secrets to their remarkable achievements and discover what sets them apart from their competitors.

How does this online business make money? 💻

So, how does this software development company manage to generate a monthly revenue of $70,000?

Let's explore their primary income stream: software development.

This software development company specializes in providing turnkey software solutions to businesses across various industries.

They offer end-to-end development services, from conceptualization and design to implementation and ongoing support.

Their expertise lies in crafting tailor-made software solutions that meet the specific needs and requirements of their clients.

By offering turnkey solutions, this company takes full responsibility for the entire software development process, handling project management, architecture design, coding, testing, and deployment.

This comprehensive approach not only saves time and resources for their clients but also ensures a seamless and efficient development process.

Their team of skilled and experienced software developers, designers, and engineers work closely with clients to understand their objectives, challenges, and vision.

This collaborative approach allows them to deliver highly customized software solutions that align with their clients' business goals.

Their track record of successful projects and satisfied clients has resulted in a steady stream of business and consistent monthly revenue.

What has this business done well?🔥

This software development company has achieved remarkable success and generated an impressive monthly revenue.

Let's uncover the factors behind their achievements and what sets them apart from their competitors.

Robust Content Strategy

This undisclosed software development company has implemented a strong content strategy, delivering the highest quality information to their customers.

Through their blog, articles on platforms like Medium, and sharing insights on LinkedIn, they establish themselves as industry thought leaders.

By offering valuable content, they build credibility and attract a loyal following of individuals seeking expert guidance.

Diverse Software Development Services for Multiple Industries

They stand out by offering a wide range of software development services across various industries.

With expertise in e-learning, HR tech, entertainment and media, e-commerce, and B2B sectors, they cater to diverse market needs.

Their ability to deliver specialized solutions positions them as a go-to provider for businesses in these industries.

Moreover, they leverage a decent number of reliable technologies to ensure efficient and effective development processes.

Strong Portfolio Demonstrating Success

Their strong portfolio showcases their previous projects and successful collaborations.

This portfolio serves as a testament to their capabilities and demonstrates their experience in delivering top-notch software solutions.

Prospective clients can browse through their portfolio to gain confidence in their ability to meet specific requirements and expectations.

Free Consultation

This software development company offers free consultations, emphasizing their commitment to providing support and guidance to clients.

Their team of experts is readily available to help businesses build the next big thing.

By offering personalized attention and guidance, they set themselves apart, establishing strong relationships with clients and ensuring their needs are met throughout the software development process.

Partnership Based on Honesty, Integrity, and Transparency

They promote a partnership based on core values such as honesty, integrity, and transparency.

Their commitment to open communication and a trustworthy relationship sets them apart.

Clients can rely on their transparency to align expectations and trust their expertise in delivering software solutions that meet their business goals.

What this business could improve?🔥🔥🔥

To enhance revenue generation and draw in a larger number of leads, this software development company can consider the following potential avenues:

Better Social Media Effort:

While they already have a presence on platforms like LinkedIn, there is room for improvement in their social media strategy.

By enhancing their social media efforts, they can reach a larger audience and engage with potential clients more effectively.

They can focus on creating valuable content, sharing success stories and case studies, and actively participating in industry discussions.

Engaging with their audience through interactive posts or Q&A sessions, and leveraging social media advertising can help them increase brand awareness, attract leads, and ultimately drive more revenue.

Enhancing SEO:

Improving their search engine optimization (SEO) can greatly benefit a software development company.

By optimizing their website's content, meta tags, and technical aspects, they can increase their visibility in search engine results pages (SERPs).

This can lead to higher organic traffic, better brand exposure, and more qualified leads.

They can conduct thorough keyword research to identify relevant search terms for their target audience and create valuable content around those keywords.

Add More Revenue Streams:

One revenue stream this software development company can explore is the realm of podcasts.

Podcasts offer several benefits beyond just generating income.

By creating their own podcast, they can position themselves as industry experts and thought leaders.

They can discuss industry trends, share valuable insights, and invite guest experts to discuss relevant topics.

This can help them build a loyal community of listeners who view them as a trusted authority.

Additionally, podcasts provide opportunities for collaboration and networking.

They can invite industry influencers or partner with complementary businesses to co-host episodes, expanding their reach and attracting new leads.

Monetization options include sponsorships, advertising, and premium content offerings.

Podcasts also offer the advantage of building a personal connection with the audience.

Listeners often develop a sense of familiarity and trust with the hosts, which can translate into business opportunities.

The format allows for storytelling, showcasing their expertise, and conveying their company's unique value proposition in an engaging and memorable way.

The Reveal, check this online business out for yourself 👀

We are excited to unveil the person behind the exceptional software development company we have been analyzing, Aleksandr Duchenchuk.

As the co-founder and CEO of Moai Team, Aleksandr brings a wealth of experience to the table.

With a background of seven years in digital marketing and six years in product development management, Aleksandr decided to embark on his entrepreneurial journey by starting Moai Team.

The name of the company, derives from the Japanese word "moai," which signifies "gather for a common purpose”, which reflects their approach of working closely with clients to develop strategic solutions that help them achieve their goals.

Moai Team has been in business for four years and has steadily grown its presence in the software development industry.

They have successfully collaborated with clients from diverse industries such as eLearning, media and entertainment, eCommerce, and more.

Aleksandr Duchenchuk's leadership and Moai Team's innovative projects have solidified their position as a prominent player in the software development industry.

Their commitment to developing strategic solutions and delivering exceptional results has garnered them a loyal client base and a reputation for excellence.

The Takeaway, What We Learned 🎓

  • Embrace a Robust Content Strategy: Establish yourself as a thought leader in the industry by providing valuable information through blog posts, articles, and social media platforms. Share insights, success stories, and engage in industry discussions to build credibility and attract a loyal following.

  • Specialize and Diversify: Offer a diverse range of services tailored to different industries. By specializing in specific sectors, you can position yourself as an expert and cater to unique market needs.

  • Showcase Your Success: Maintain a strong portfolio that showcases your previous projects and successful collaborations. This acts as proof of your capabilities and helps build trust and confidence in your services. Prospective clients can browse through your portfolio to gauge your expertise and see how you can meet their specific requirements.

  • Offer Free Consultation: Provide personalized support and guidance to clients through free consultation sessions. This helps build trust, establishes strong relationships, and allows you to understand their needs better.

  • Foster Honest Partnerships: Promote partnerships based on honesty, integrity, and transparency. Communicate openly with clients, align expectations, and prioritize their success. By building trust and maintaining transparent communication, you can establish long-term relationships and gain a competitive edge.

  • Enhance Social Media Efforts: Invest in a robust social media strategy to reach a wider audience, engage with potential clients, and build brand awareness. Share valuable content, success stories, and participate in industry discussions to establish your expertise and attract leads.

  • Improve SEO: Optimize your website's content, meta tags, and technical aspects to improve visibility in search engine results. Conduct thorough keyword research, create valuable content, and focus on delivering a great user experience. Acquire backlinks and engage in guest blogging to boost your search rankings and attract qualified leads.

  • Explore Additional Revenue Streams: Consider exploring additional revenue streams. For instance, you can host your own podcast to generate more revenue, position yourself as an industry expert, share insights, and engage with a wider audience.

Action Steps if you’d like to start a business like this… 👩‍💻

If you’re already up and running with an online business, keep with it and try to implement some of the lessons you might have found in this email.

You’ll learn all the fundamental skill to build an online income like the one we did a case study on in this email.

Here’s what to expect:

Week 1 - Fundamentals

In this week, you will establish a solid digital marketing foundation. The focus will be on personal branding, but the concepts apply to other business models as well. You will explore:

  • WordPress Website Development: Learn to create a professional and user-friendly website using WordPress, a powerful and widely-used platform for various online businesses.

  • SEO (Search Engine Optimization): Understand the basics of SEO to increase online visibility and attract organic traffic to their websites.

  • Web Analytics: Discover how to analyze website data using tools like Google Analytics to gain valuable insights into user behavior and make data-driven decisions.

Week 2 - How to start a business

In this week you will delve into expanding the online presence and driving traffic to your website. You will get to learn about:

  • Email Marketing: Understand the importance of building an email list and learn effective email marketing strategies to nurture leads and convert them into customers.

  • Search Engine Marketing (SEM): Dive into the world of paid advertising and explore techniques to run successful ad campaigns on search engines like Google.

Week 3 - How to grow a business

The final week will focus on harnessing the power of social media platforms for business growth. You will discover:

  • Social Media Marketing: Discover how to develop and implement social media strategies to engage with the target audience and build brand loyalty.

  • Facebook and Instagram Ads: Explore advanced advertising techniques on these popular platforms to reach a wider audience and generate leads.

Before You Go 👋

Thank you for reading.

In my next email, I’ll have another business breakdown for you.

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Bye for now,

Scott Max