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John O'Shull

๐Ÿ‘ค Speaker
322 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

How much is that piece of hardware?

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

How much is the hardware?

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

Yeah, if a car enthusiast wants to use your software, they have to buy the hardware.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

How much is the hardware?

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

It ranges anywhere from $299 to $499.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

$299?

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

Yep, to $499.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

Interesting.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

And do you make all that money, or is it mainly that you're selling it at cost to get the software?

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

No, we actually make a gross margin on the enthusiast businesses about 61%, right?

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

So just the hardware, including the software revenue?

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

That includes everything.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

That includes everything.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

What's the margin on just the hardware?

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

Um, yeah, the, the, the, I gotta be careful here because I got a big distributor network, uh, that, that, uh, I got, we, we make a pretty good, we make pretty good money on, on the hardware.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

Got it.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

Okay.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

Got it.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

So you, I guess we don't have any of your actual numbers, but in theory, what you were saying is, uh, you are focused on making money both on the hardware sale and the software sale.

SaaS Interviews with CEOs, Startups, Founders
He Exited his CRM, Now Car Software Hits $40m Run Rate

You're not using the hardware as a loss leader to get the software installed.