Open Startup Report - January '23
New Year, New Partnerships
We saw the tail end of the December churn this month. Topped off with some failed payments (everyone maxing their cards out at Christmas?) the numbers don’t make great reading. But it’s not all miserable. We’ve got plenty coming up that gives us hope for future growth (see the final paragraph).
We’re launching on Product Hunt - Monday 30th January 2023 🗓
We’d really appreciate your support.
KPIs
Revenue Growth
-15.98% (last 30 days)
Churn Rate
25.51% (December)
Burn Rate
Cash: £1,029.75
Monthly Expenses:
Hosting: £62.89
Twitter Blue: £9.60
Burn Rate: 14 months
How we're going to improve the numbers
We’re becoming an official Bubble.io Plugin! I’ve had several calls with the team at Bubble and I have to say they are doing brilliant work. We showed them PriceWell at the end of last year and they were so impressed they wanted to make us an official plugin. We’ve been working with them since then to get everything in place. It’s a truly exciting time.
Product Hunt Launch 🚀
This is scheduled for Monday 30th January and will coincide with the Bubble launch. Hopefully the launch will give us a boost in terms of traffic and exposure which we hope will translate to new customers down the line.
PayPal support
We’ve been working on a simple addition to the Pricing Tables to allow checkout with PayPal. It’s a much requested feature and will really set us apart from the standard Stripe offering. Coming Soon.
What do you think? I’d love your feedback on anything I’ve talked about today.