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Ravi

๐Ÿ‘ค Speaker
120 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

Sure.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

So we wrapped up the year of 1.2 at the end of 2020 in spite of COVID.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

We're run right now around 1.3 million ARR.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

We may finish the year at 1.4, 1.45.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

We have to see how the rest of the year plays out.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

We've added a couple of suites that have made a difference.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

So we've now launched up to four products and they all interact with each other.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

So most of our clients use one or two of our products.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

So we're also trying to leverage our customers to use other products that we have as well and also have an independent source of adding new customers.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

It's profitable.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

I like to run it in cash flow neutral, but it is profitable if I...

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

If we do it that way right now, we plow a lot back in and always ready for explosive growth if necessary without having to add management.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

We can always add people, but you can't add management strength.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

One of the things we're trying to do is our average price points on deals we've been focused on is between $2,500 and $5,000 a month, which is at the higher end of the market.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

One of the things we're doing is opening a marketplace in Q3 that will allow us to go for that $100 to $500 a month price point where we can get the volume.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

I've put the challenge out to our biz dev and marketing teams to go from zero to 1,000 customers in 120 days.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

How much today do you have?

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

Today, in the higher end, we have about 100 customers, but that's in total.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

Some of them are the lower end, some are the higher end, and some are actually running a free model.

SaaS Interviews with CEOs, Startups, Founders
Groupfio Using Resellers to Break $1.3m Bootstrapped

Our expansion is going to come.

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