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Dan DiLoretto

๐Ÿ‘ค Speaker
191 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

So we've gone maybe 250 K, 300 K of funding through these two and then a couple of hundred grand through banks.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Zero.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Eight and a half points.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Zero.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

So the 10%, the minority shareholder, that's the web agency, we tap into them when it comes to tech dev.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Yeah, so they have the whole team of devs.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Yeah.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Yes, we're profitable today.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Our margins, roughly 60, 65 points.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Yes.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

So we have two salaries and we take dibs.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Our positive cashflow, let's say on any given month is going to fluctuate between 10 and 40K.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

I see.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Bear in mind that what happens is we're scaling up our sales force.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

We went from two sales reps to six in a very short amount of time.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

And sales reps take about one to three months to develop.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

And then the units that they sell are going to start going live usually within two to four months.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

So there's this two to six month burn rate that really hurts in terms of salaries of sales reps where there's just no revenues coming in.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

The bootstrapping is that burn rate of sales reps.

SaaS Interviews with CEOs, Startups, Founders
UBIweb Makes $1.7m/year Helping Plumbers Launch Websites

Two sales a week per rep.