This Guy’s $1M+ A Year Business With No Employees (Incredible Story)
Imagine building a million-dollar business with zero employees, minimal expenses, and all the profits going straight to you. Sounds like a dream, right? Meet Ivan Kutskir, the mastermind behind Photopea, a free, powerful alternative to Photoshop. Ivan’s journey from a small village in Ukraine to creating a globally acclaimed image editor is nothing short of extraordinary. With Photopea attracting 13 million monthly visits and generating $100,000 a month in ad revenue, Ivan has proven that innovation, passion, and perseverance can lead to incredible success. Dive into the captivating story of how this solopreneur turned his vision into a thriving enterprise, and learn the secrets behind his remarkable achievement.
Ivan Kutskir: The Solopreneur Behind Photopea
Photopea is a free Photoshop-like image editor created by Ivan Kutskir. Here’s a snapshot of its success:
- 13M monthly visits
- 1.5M monthly user hours
- $100K monthly ad revenue
Despite managing 500K daily users, Ivan’s maintenance costs are just $700/year, and he keeps all the profits.
How It All Began
Early Life:
- Born in a small village in western Ukraine.
- Moved to the Czech Republic in 2001.
- Received his first computer at age 11 and developed a passion for computer graphics.
- Built his first website at 14.
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University Years:
- Photopea started in 2009 while Ivan was studying computer science.
- Initially, he made money by creating Flash games and monetizing them with banner ads, earning $100-$400 per month.
Birth of Photopea
Ivan identified two major issues with Photoshop:
- High cost with subscription fees.
- High computing power requirement, making it inaccessible on slower computers.
In 2012, he envisioned a web-based tool to open Photoshop files without needing the software installed. This idea led to the creation of Photopea.
Development Journey
Initial Features:
- Open .psd files in a browser and download layers separately.
- Gradually added features like creating, deleting, and saving layers.
Marketing Struggles:
- From 2012 to 2016, Photopea had no monetization plan.
- Ivan graduated with only $29K made from Photopea but continued working on it during his post-graduation.
Gaining Traction
Marketing Efforts:
- Ivan posted about Photopea on forums like Reddit and Hacker News, often facing self-promotion flags.
- Approached YouTubers for reviews but was mostly ignored or asked for money he didn’t have.
Innovative Approach:
- Solved 400+ user issues and created open-source libraries.
- Provided excellent customer support, with 80% of users joining GitHub to request features.
- Published blogs detailing new features, attracting a loyal user base.
Viral Success
AMAs on Reddit:
- October 2018: First AMA went viral with 50K upvotes and 2.2K comments.
- Traffic doubled to 3M visits 9 months later with another successful AMA.
- 2021: Hosted another viral AMA on Hacker News.
Current Status
Photopea now enjoys a huge active community and continuous profitability with minimal expenses:
- Monthly Costs:
- $50 for hosting
- $16 for the domain
Ivan’s success underscores the power of creating a better, free alternative to an expensive product. He has single-handedly addressed over 5,000 GitHub requests and issues.
Summary: Ivan Kutskir built Photopea, a free web-based image editor, scaling it to $1M+ annual revenue with minimal expenses. His journey highlights innovation, perseverance, and community-driven growth.