My Journey: Building and Selling an AI Itinerary App
I'll be sharing the story of my entrepreneurial journey – from ideating and developing an AI-driven itinerary app to eventually getting it acquired. It's a tale of passion, persistence, and learning valuable lessons along the way.
The Idea and Market Research:
I started by identifying a problem faced by travelers: the time-consuming and often tedious task of planning trips. With the rise of AI and machine learning, I saw an opportunity to create a unique solution – an AI-powered itinerary generator that simplifies trip planning.
Developing the MVP:
Once I had a clear vision, I built a minimum viable product (MVP) to test the concept. Leveraging the power of OpenAI's ChatGPT, the app generates personalized itineraries based on user preferences, creating a seamless and enjoyable experience.
if you are interested in learning some code, check out here
Launching and Monetizing:
After launching the MVP, I started getting valuable feedback from users. The monetization strategy was simple: users paid $1 to share their AI-generated itineraries with friends or family. As the app gained traction, I continued refining its features and improving the user experience.
Gathering and Implementing User Feedback:
User feedback played a crucial role in the app's evolution. I actively sought input from users and implemented their suggestions to enhance the product, including features like location auto-suggestions, budget filters, and partnerships with local businesses.
The Acquisition Process:
As the app grew, I decided to explore the possibility of selling it to focus on another project. I listed the app on MicroAcquire, a marketplace for buying and selling startups. After crafting a compelling listing, I engaged with interested buyers and started discussions about the app's potential, features, and current performance.
Closing the Deal:
I received multiple offers and ultimately selected a buyer who shared my vision for the app's future. We negotiated the terms and completed the acquisition process, marking the end of my journey with the AI itinerary app.
Building and selling an AI product has been a rewarding and educational experience. I've learned about the importance of user feedback, refining monetization strategies, and the power of perseverance. As I embark on my next project, I'll carry these lessons forward, always striving to innovate and create solutions that make a difference.