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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

So for us, that's kind of how it works.

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

Send it back to the China manufacturer.

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

And they'll send you back some new ones if you want to keep a lease going.

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

Almost think about like leasing a car, right?

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

Like you have an option to buy it out or you could actually send it back and get a new one.

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

It could be anywhere between 500 and 3,000.

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

It depends on the business and the volume, but it depends on the size of the business, but usually about 500 to 3,000.

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

I would say a thousand is a sweet spot.

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

That's probably where most people land.

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

And for them, it's the difference between them spending $4,000 or $5,000 on a cashier to do all of these ordering processes versus us.

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

It seems a no-brainer for most businesses.

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

We launched this particular product in January of 2019.

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

So we pivoted to this product.

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

We started building our product in like 2017.

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

We launched it in 2018.

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

And then towards the end of 2018, we pivoted to this.

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

But the product was fairly similar.

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

What we did was we used the Facebook Messenger app to actually do the same thing, backend marketing to drive revenue for the business.

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

And we just felt like we needed to own the purchasing process along with the marketing process.

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

And