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Praneet Chandra

๐Ÿ‘ค Speaker
137 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

And that costs you a lot more, right?

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

Like even with the likes of Shopify, you are roughly looking at somewhere like $1,000 a year kind of thing running a D2C store.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So anyways, they see us not as an aggregator,

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

but more of an enabler, right?

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So we are anyways more profitable than or more cost affordable than Shopify.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

But at the same time, yeah, we are cutting down all of your aggregator commission percentage.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So most of it is, as I said, right, we use Instagram as our channel, right?

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

We send out DMs and really try to figure out, oh, these brands have got good following and everything.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

They must be selling more and that's how we qualify them.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So it's more of a personal fee as compared to putting on any ads or anything.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

Like one thing I realized early on, Google ads and Facebook ads is good for getting a sign up, but doesn't really convert them to a paid customer.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So that is how different it is.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So it's been a very short time that we have been in business as such.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So we have hardly seen any churn apart from a couple of customers who came into a free plan and then they never converted into a paid plan as such.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So that has happened quite a few times, but I don't see another thing that we have to always look at it.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

Unless a customer really sees value that I'm able to drive an order, I would not really get converted.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

Right.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So we get a lot of people, but I cannot call it a specific churn as such at this point.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

So I think we can definitely get extra revenue from this current standpoint.

SaaS Interviews with CEOs, Startups, Founders
He Left GainSight to Help D2C Brands Sell More, 260 Customers, $30k in GMV Last Month

And very soon, even if we double the revenue, we become profitable as such.