Muhammad Yunus
๐ค SpeakerAppearances Over Time
Podcast Appearances
I had no money when I started the company.
So we provide a virtual event platform that companies use to run their online events.
We have companies like Fortune 500 companies who use our platform to do virtual career fairs.
Then we have universities who do virtual open days with us.
We have government organizations who run virtual job fairs with us.
And then we have trade show providers who do virtual trade shows with us.
So it's primarily a software as a service virtual event platform.
So we have two pricing.
We have a per event pricing, then we have an annual license.
So per event pricing is $6,000.
Annual license is close to $30,000 on average.
Yeah, so I think that's what we initially thought also.
But I think the way it has worked for us ever since we have started a couple of years back is that those companies who have done one event with us, they keep on coming back to us to do repeat events.
So right now, almost 60% of our revenue comes from repeat business, from our repeat customers.
So even though it's seasonal, but given the price tag is decent, $6,000 per event over the, over the whole year, it just works better than any other software as a service company.
I said 6,000.
So one time is 6,000.
So basically, any company who wants to do five events or more would go ahead with our annual license.
So the likes of Nestle, T-Mobile, AT&T, all of these are our customers.
They do annual license with us because they run 10 to 12 events a year.