Skip to main content

How BlockSurvey Reached $15K MRR in Web3 with Privacy-First Approach

8/1/2024
BlockSurvey
Wilson Bright
BlockSurvey
blocksurvey.io
Remote, United StatesFounded 2020
💰
Monthly Revenue
$15,000
👨‍💼
Founders
Wilson Bright
👥
Employees
Undisclosed
🏢

Business Description

BlockSurvey provides end-to-end encrypted survey solutions tailored for Web3 and privacy-conscious users. Leveraging Stacks Blockchain and Bitcoin for secure identity, authentication, and storage, the platform features token-gating, Web3 identity integration, and meets SOC2, ISO 27001, GDPR, and HIPAA standards to safely collect sensitive data.
📝

Executive Summary

Starting from a hackathon spark, BlockSurvey reinvented surveys with end-to-end encryption and blockchain identity. Today it serves over 500 customers, processed 10M+ responses, and earns $15K MRR by targeting privacy-sensitive niches and combining rapid MVP builds with focused outreach.
🎥

Video

How BlockSurvey Reached $15K MRR in Web3 with Privacy-First Approach

Click to play video

📄

Case Study Content

The Spark and Challenge

In 2020, Wilson Bright was at a Stacks Blockchain hackathon themed around giving individuals control over their data. He noticed none of the survey tools he used offered end-to-end encryption or true privacy. Domain names he checked would disappear in hours, a real sign of how the web leaks personal info. He saw a clear opening for a tool built from the ground up to keep responses private.

Rapid MVP Development

Rather than drafting long spec docs, Wilson decided to build a working prototype in three days. Armed with Angular for the front end, Node.js on the back end, and serverless Cloudflare Workers, he tied identity and storage to the Stacks Blockchain and Bitcoin network. On day three he posted the first public link on Product Hunt, proving that speed and execution matter over endless prep. He build version one fully functional, encrypting data from end to end.

SaaS Model for Privacy-First Surveys

BlockSurvey offers tiered plans to individuals, small teams, and large organizations. Individuals can get started at $29 per month, while team plans go up to $69. For bigger clients, custom pricing unlocks Single Sign-On, dedicated SLA, and enterprise features. This approach balances self-serve simplicity with high-touch deals, making sure the product matches use cases from casual surveys to government-level data security.

Finding the First Customers

Surprisingly, early traction came from people using BlockSurvey for Black Lives Matter event RSVPs. They needed a tool that kept participant info secure. That use case validated Wilson’s idea, but paying users appeared in sectors like mental health, sexual health, activism, relationship coaching, and spirituality. Those verticals prize privacy and drove BlockSurvey’s first $15K in monthly revenue, proving that niche focus can trump broad generalism.

Scaling Growth in Web3

Web3 projects flocked to BlockSurvey for token-gating surveys and secure identity verification. Wilson leaned on organic SEO by encouraging link sharing, accounting now for 10-15% of site traffic. He ran small newsletter ads with budgets under $100, tapped into Twitter and LinkedIn outreach, and maintained a steady 20% conversion rate on direct pitches. These tactics combined to fuel consistent sign-ups without massive ad spends.

Lessons in Sales and Marketing

At first, Wilson neglected sales calls, hoping the product would sell itself. But once he brought in a sales coach, scripts improved and close rates rose. He studied “Founding Sales” and “Sales Acceleration Formula,” applying techniques like qualification questions and demo scripting. Today, BlockSurvey’s pipeline is predictable, letting him plan ahead and keep churn low.

Key Takeaways and Next Steps

Going forward, Wilson plans to add AI features for smarter surveys and explore AR/VR for immersive data collection. He’s confident that Web3 standards for privacy and decentralization will keep opening new opportunities. For entrepreneurs eyeing this space, the path is clear: move fast, charge for real value, and don’t ignore the art of selling.

💡

Key Takeaways

  • 1BlockSurvey launched in just three days using a hackathon prototype, showing rapid iteration over prolonged planning.
  • 2By integrating Stacks Blockchain and Bitcoin, BlockSurvey offers unique end-to-end encryption and Web3 identity features not available in traditional survey tools.
  • 3Targeting privacy-sensitive markets like mental health, activism, and sexual health helped BlockSurvey find early paying customers willing to pay premium subscription fees.
  • 4Organic SEO via shared survey links now accounts for 10-15% of traffic, reducing acquisition costs and driving steady user growth.
  • 5Small newsletter ads and direct outreach yielded a 20% success rate in converting prospects, highlighting the value of personalized marketing approaches.
  • 6Focusing on sales skills by working with a coach and refining pitches drove sustained revenue growth to $15K MRR within three years.
📊

Key Facts

Customers served
500+
Survey submissions
10M+
Monthly recurring revenue
$15K
🛠️

Tools & Technologies Used

🔒

Premium Content Locked

Subscribe to access the tools and technologies used in this case study.

Subscribe Now
🚀

How to Replicate This Success

🔒

Premium Content Locked

Subscribe to access the step-by-step replication guide for this case study.

Subscribe Now
Share:
✍️

About the Author

Founders Hut Logo

Founders Hut

Founders Hut is a leading online platform dedicated to sharing thousands of in-depth business case studies from successful companies around the globe. Since its launch, Founders Hut has empowered entrepreneurs, marketers, and corporate innovators with actionable insights drawn from real-world successes and failures.

Interested in Being Featured?

Share your success story with our community of entrepreneurs.

Get Featured
Disclaimer: Some data in these case studies may be inaccurate or out of date. In certain cases, AI-generated content is used.