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Eugene Johnson

๐Ÿ‘ค Speaker
163 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Yeah, somewhere in that neighborhood.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Yeah, we're definitely over a million dollars a year in revenue.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

No, we're like a POS on steroids.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

What we do is we facilitate transactions, but instead of just stopping at the facilitation of transactions, we leverage the data almost in an e-commerce style process to drive those customers back into this door to get them to spend more and essentially get customers to try out net new businesses.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Something like that.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

The process would be a lot easier for the business because a lot of the businesses don't have the time to actually develop those campaigns.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

So our process would automatically do those campaigns for them.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Yeah, so I ran a small business, but mostly it's really kind of what we're trying to do in the long term that kind of got me interested in this path.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

One of the businesses or companies that I worked with was a company called Meraki in the early days.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

We launched a product that was trying to compete with purple Wi-Fi, which was this idea of capturing data, taking that data and then trying to leverage the digital data for an in-person experience.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

And we called it bridging the gap between the physical and the digital.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

And to me, when we look at Web 3.0, our belief is that Web 3.0 is taking what happens in the digital world and now bringing it back down to the physical world.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

and making it simple, easy, rewarding, connected.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

And that's really what Revy is trying to accomplish.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Yeah, so our setup process and all of our hardware is free.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

And then they pay us a small transaction on each purchase.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

So it's actually fairly simple for a business to get started.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

They talk to one of our reps and we send out the equipment.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Yes, it depends on the business, depends on their volume, but it's usually around 1%.

SaaS Interviews with CEOs, Startups, Founders
POS System Does $15m GMV, Biz Makes 1%, $1m+ Run Rate Serving 150 Customers

Yes.

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