View profile

Open Startup Report - August '22

Matthew Reid
Matthew Reid
Hi all. Another month of growth. Outreach to Youtubers yielded nothing, also reached out to customers who got a 1 year deal which subsequently expired. Added more programmatic SEO articles which are now starting to rank.

KPIs
Revenue Growth
34.84% (last 30 days)
Churn Rate
6.98% (July)
Burn Rate
Cash: £535.58
Monthly Expenses: £81.88
Burn Rate: 6.5 months
How we’re going to improve the numbers
We’re back to focussing on marketing (SEO in particular) so hope to see some payback for that over the coming months. Focus will be on
  • Bubble plugin
  • Youtube content
  • SEO articles
One worry is that Stripe launched their own pricing page feature. The majority of our customers actually come for the customer portal so we aren’t reliant on it totally.
However, there are features that Stripe don’t have that we can implement quickly. We’ll try and get some of those out this month and market them.
Did you enjoy this issue? Yes No
Matthew Reid
Matthew Reid @pricewell_io

The two founders were sitting in their office, discussing the company's revenue metrics. One founder said to the other, "I think we should publish our revenue metrics." The other founder replied, "I don't know, people might think we're making too much money."

PriceWell is an Open Startup. Metrics are published monthly.

Follow our journey to $10k MRR 🚀

In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Created with Revue by Twitter.