How To Make $228K MRR With AI Chatbots
A College Student Making $1M ARR in 5 months
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Yasser is a young founder of Chatbase, a company that creates custom AI for any website. He started as a college student with a bright idea. Two months before the release of ChatGPT API Yasser explored GPT3 API and found its potential. He built Chatbase in two weeks and launched it in February. Now, with over $228K MRR he’s planning to expand to $1M MRR.
Even after Open AI’s announcement of GPTs his business wasn’t affected and gained churn rate and new subscribers.
Chatbase’s team has only 7 employees and Yasser shared that he’s working 10-12 hours a day to keep up with a rapid growth of his project.
An inspiring example of when a night-long hustle transforms into a real business for a lifetime
What he built
Chatbase is the easiest way to create a chatbot for your website. It allows you to create and train your own chatbot using your data. It enables you to add a chat widget to your website or interact with the chatbot through the API. Chatbase offers a range of use cases, such as customer support, lead generation, content discovery, ecommerce assistance, and knowledge base creation. The possibilities are endless!
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From 0 to $228K MRR
Chatbase was probably the first “ChatGPT for your data” SaaS tool. From here, in Yasser’s words, it wasn’t hard to make it go viral. It had the “wow” effect and thrived on overall AI and ChatGPT hype going on.
But how did he managed to convert traffic into sales? Firstly, Yasser made a few tweets that went viral, like this one: