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Ivan Smolnikov

๐Ÿ‘ค Speaker
139 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

So the ratio of lifetime value to cart is like more than 10 usually what we see right now.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

You know, AdWords is not really efficient for us.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

We have a good content marketing strategy, I believe.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

Not actually as good as I would like it to be, but still not bad, you know.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And the industry we are targeting is pretty niche, I would say.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

It's a $40 billion industry where the major players are translation agencies.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And in the world, we have only 30,000 translation agencies.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And literally, we have listed all of them already on our platform.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

And we have 20% of supply side, which is 20% of all freelancers globally.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

So from this perspective, I think that the major thing for us is content marketing and word of mouth.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

We do all that campaigns, but they are not really that efficient.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

You know, we have very impressive numbers during the last six months.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

We have been growing 20% month to month.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

So this year we should complete this like seven times growth compared to the beginning of the year.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

If we can maintain the same speed, I would be more than happier if you can maintain it next year.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

But we are targeting at, let's say, five times growth next year.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

It used to be good to great from Jim Collins, but I'm doubting it right now.

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

Why are you doubting it?

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

Actually, you know, he has a lot of advices that are not...

SaaS Interviews with CEOs, Startups, Founders
1021 How He Solved Translation Marketplace Space and Grew 7x YoY to $24m in Revenue

That durable, how he predicted it.