Open Startup Report - November '22
MRR still growing and we proved a valuable niche this month. I recorded a podcast and a YouTube video. We attempted to save forex fees by getting our Stripe payouts in USD but Stripe failed to pay it into our UK bank account correctly so it's still waiting in Stripe. We opened a Wise account to solve this issue. I recorded an episode of the Zero to Point One podcast with Zach who was lovely.
KPIs
Revenue Growth
+7.93%Â (last 30 days)
Churn Rate
0% (October) 💪
Burn Rate
Cash: £298.16 (+ $454 waiting in Stripe from October)
Monthly Expenses:
Hosting: £93.84
No Code Exits newsletter sponsorship (3 issues): £141.23
Wise account opening fee (so we can get that Stripe payout in USD): £45
10words newsletter sponsorship refund: +£133.27
Burn Rate: 4.1 months (including 1 monthly blog post)
How we're going to improve the numbers
Outreach to Bubble.io agencies started in ernest this month with a lot of success. We had 4 new affiliate partnerships (if you know a Bubble agency who would like 40% of our revenue as an affiliate, reach out to me matt@pricewell.io).
We'll continue Bubble.io agency outreach, via twitter this time. We'll get more YouTube content out (+1 video this month).
I have a live stream scheduled with one of our customers to walk through the Bubble.io plugin.
More SEO efforts also this month using SurferSEO (which has been great so far).