This Site Gets 70M+ Visitors Per Year Using AI
Eightify is a Chrome extension uses AI to create YouTube video summaries.
Eightify Revenue
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Alex Kataev starts the business
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Eightify hits $1.6K in revenue
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Eightify hits $36K in revenue [source]
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Eightify hits $3K in revenue
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Eightify hits $3.5K in revenue
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Eightify hits $5.9K in revenue
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Eightify hits $12.1K in revenue
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Eightify hits $32.5K in revenue
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Eightify hits $39.9K in revenue
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Eightify hits $36.3K in revenue
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Eightify hits $45.1K in revenue
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Eightify hits $45.1K in revenue
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Eightify hits $540K in revenue [source]
About The Eightify Founder
Who is Alex Kataev?
Alex Kataev is the founder of Eightify.
He previously worked as a CTO for an EdTech company for seven years.
But he always had an interest in technology and AI and was particularly interested in GPT-3 early on.
So finally after 7 years of building up his skills and interests, he launched Eightify in late 2022/early 2023.
About The Business
What problem is Eightify solving?
Eightify makes watching YouTube faster.
He uses AI to summarize long videos and gives users succinct summaries. This allows users to:
- Save time on learning, research, or entertainment
- Extract ONLY the key information they want
- Invest significantly less time watching YouTube
Niches
Founder-Market Fit
Skills
What skills did Alex Kataev have that led to their success?
Passions
Idea
How did Alex Kataev get the idea for Eightify?
Alex Kataev got the idea for Eightify after experiencing frustration with lengthy videos. At the same time, he realized the potential of AI, particularly GPT-3, to streamline content consumption.
He identified the need for a tool that could summarize videos quickly and efficiently, leading to the development of Eightify.
Build
How did Alex Kataev build the initial version of Eightify?
- Davinchi-003 (GPT3.5)
- Chrome Extension (TypeScript)
- Frontend App (React)
- Backend (Python/Flask)
- AWS
- Docker
- Gitlab
- Metabase
- Postgres
- Stripe
Startup Costs
What were the initial startup costs for Eightify?
Approximately $23K:
- $17,491: average costs for a chrome extension
- $5,000: Davinci (OpenAI GPT Access)
- $600: YouTube API
Launch
How did Alex Kataev launch Eightify?
Eightify publicly launched on ProductHunt, HackerNews, and Reddit. They had immediate success:
- 120 comments on HackerNews
- 884 upvotes on ProductHunt with a 4th place ranking
- 96% upvote rate on Reddit.
- Within the first day of launch, they had 900 users (immediate validation)
Eightify also utilized organic traffic from the Chrome Web Store and leveraged PR articles and reviews to attract users. The success of these channels contributed to the steady growth in user acquisition post-launch.
Today, they have over 100,000 users according to the Chrome App store.
Growth
What is the growth strategy for Eightify?
At first, he created excitement and got first customers by posting on ProductHunt, HackerNews, and Reddit.
Today, he drives 6 million visitors to the site every month. He does this by converting the YouTube videos summaries to SEO-optimized written articles.
Pricing
How does Eightify price their products?
Eightify operates on a freemium model by offering three complimentary summaries per week for videos up to 30 minutes in length.
For unlimited access, users can subscribe for $4.95 per month, with an annual subscription available at a discounted rate of $3.95 per month.
Lessons Learned
What were the biggest lessons Alex Kataev learned building Eightify?
Prioritize networking and early promotion: Engage with potential users and promote your product early on to gather feedback and build traction.
Launch quickly and iterate: Don't wait for perfection; releasing a minimum viable product allows you to gather valuable insights from real users.
Maximize resources wisely: With limited resources, focus on tasks that provide the most value to your business and prioritize them strategically to drive growth.
Listen to user feedback and adapt: Continuously gather feedback from users and be open to making adjustments to meet their needs and improve the product experience.
Tools
What platform/tools does Alex Kataev use for Eightify?
Similar Ideas
Discover similar business ideas like Eightify:
Mailman, a tool that allows users to control when and what emails should land in their inbox, is a year-old company bringing in approximately $30k in MRR, while its upcoming features will improve users’ newsletter-reading experience and automate redundant tasks.
Mutant Mail, a SaaS product from Fresent LLC, allows entrepreneurs, small businesses, marketers, and individuals to effortlessly manage all their domain emails from a single inbox, with a max usage account managing close to 245 email ids across 29 domains and acquired 10 paid customers within 2 weeks of its soft-launch and 100 more within 5 days of its AppSumo launch.
More about Eightify
Who is the owner of Eightify?
Alex Kataev is the founder of Eightify.
When did Alex Kataev start Eightify?
2022
What is Alex Kataev's net worth?
Alex Kataev's business makes an average of $45K/month.
How much money has Alex Kataev made from Eightify?
Alex Kataev started the business in 2022, and currently makes an average of $540K/year.
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