I need to figure out what happened...
https://iCodeThis.com used to make $4-5k per month last year (even made $10k in aug.)
This year it went down to $1k per month.
The value we provide is growing.
We keep shipping new features as requested by our members.
But it just doesn't seem to work...
Did I do something wrong?
Is it just the market?
How do I figure this out?
Drives me crazy sometimes 😅
Feedback is appreciated! 🙏
P.S. In case you are wondering, we have one-time payments, not subscriptions.
How is traffic and conversions compared to last year?
Are you using paid advertising or just SEO?
I would estimate with great certainty that the problem lies with the marketing, especially because you also have one-time payments. Do you track your traffic numbers and conversions? Maybe you can use this to make improvements in the marketing area (maybe even try out new marketing methods?)
A good starting point might be to compare the values in your marketing funnel with those of last year:
From there, it may be possible to pinpoint the heart of the problem:
Hoping this is useful!
Google nuked a bunch of sites with an algorithm change around September of last year:
https://retrododo.com/google-is-killing-retro-dodo/
If a lot of your inbound was from SEO and your timeline looks similar, that could be the reason, sadly :(
You could also investigate structural or economic reasons for this. Are people less interested in getting started with coding now that the narrative is that AI will take over these roles? Is interest in coding as a career down with the carnage in US tech sector employment (see https://layoffs.fyi/)?