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Cam Doody

๐Ÿ‘ค Speaker
366 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

So we founded the company, we raised our seed round in late 2012.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

And so 2013 was our first year and we did

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

uh, about 400 K in sales the first year, which was 2013.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

Uh, we, 2015 we did, uh, let's see, 14 would have been, um, 15.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

We did, uh, six.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

That's, well, that's gross revenue.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

It's not, you know, unlike a lot of other businesses where our unit economics are extraordinary.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

We have, you know, we have really healthy gross margins and they're getting better by the day, especially as we start launching our fleet of trucks, which is the next biggest strategic initiative for the company.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

So, uh, we, when we sell multiple things with our bread and butter is, you know, this isn't Uber in that, uh, you know, we are coming into our customers house houses and,

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

and working for hours with them, you know, interacting with their families.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

And so labor is our biggest form of income.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

And then we offer protection plan, unlimited protection plan, and trucks also are another income stream for us.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

But we have 65% gross margins on labor.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

So our margins are between 60% and 70% of total order value.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

Got it.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

Uh, so yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

So our, our average full service move is currently right under 400 bucks.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

Okay.

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

Which is, uh, you know, if you were to go to two minute truck or, or, you know, another local moving company out there for the jobs that we're doing, uh,

SaaS Interviews with CEOs, Startups, Founders
EP 419: 30 yo does $6m 2015, taking over $5b+ Moving Industry with Cam Doody of Bellhops.com

you know, we're making moving accessible for the smaller residences, right?