stick321 OP t1_j7vlwno wrote on February 9, 2023 at 6:52 PM

Reply to comment by PeanutSalsa in I am William, 3 years ago I quit my Job at Amazon to focus on a peer-to-peer betting app. This weekend we expect to facilitate our 1 millionth bet. Ask me about social betting, sports betting, starts-ups, tech and fundraising. by stick321

Hi,

Fortunately, I am a software engineer, so there was no cost to hire anybody initially. I did everything myself for about a year, including development, marketing, design, support, and coffee making. For the first 18 months I think the cost was minimal. Some hosting and tech costs.

When I needed some help I hire part time consultants from platforms like upwork and fivver.

Now that we are a fully developed and functioning app the cost do go up. The biggest costs is salaries, good software engineers are the main culprits. We do spend a small amount on marketing, but we have invested time and effort into growing the app and brand organically. Search engine optimization for the website and ASO for the app stores. The nature of the app helps us grow too as by default the users are inviting friends to bet with them. This should help us grow at a steady rate with minimal investment in marketing.