AudiowaveAI: Progress, Challenges, and Competitors

View profile for Michael Yagudaev

Founder @ AudiowaveAI 🎧🛠️ | Listen to any text as high-quality audio

Motivation Fuel 🚀 Incredible to see as I double down on AudiowaveAI. Top month was October $500/mo. This month's run-rate is $480/mo. I've been working on improving the import of Epubs & PDFs. After using it to import Tony Dinh's new book (@tdinh_me), I was unhappy with the extra edits. Two boring and tedious tasks users complained about for a while. There is a lot to unpack in terms of figuring out the business side. Three things: 1. Pending switch to subscriptions - after trying credits for a year, it's clear it is not sustainable. This will happen this month. 2. Sustainable distribution strategy - while I managed to go viral 3 times with it, this is not a sustainable long-term strategy. With CreativeFlow, we had a distribution advantage through Figma (a low-competition app store). This meant 12K/mo visitors, which allowed us to add +$1000/mo each month 3. Product direction + key competitors - Audible, ElevenLabs, Speechify and Blinkest are the key competitors. Each has strengths I can learn from and things Audiowave already does better. Primary audience: Life-Long Learners overloaded with material, secondary: authors. There is even a faint API business potential (+5 users asked for an API). That's it for now, I'll do a longer post where I think through the business side in the open. What do you think? Love to get your take on this :)

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