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Ron Lynch

๐Ÿ‘ค Speaker
159 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

And what's MER, Ron?

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

That's media efficiency ratio.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

Okay.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

That's kind of what I indicated.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

If you, say, spend $10,000 in media and you sell $10,000, you have a 1.0 MER.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

Got it.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

If you sell...

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

Double that, you have a 2.0.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

And the contest works because you have a highly desired object that really is a reflection of the consumer.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

It is a product about vanity.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

That's correct.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

The great thing about that product is it allowed us to find a lot of niches too.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

When you think of a GoPro, I think most people think of a snowboarder or a skier, but we had spots out there for guys that were flat boat racing out in Florida in the Everglades.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

and ATV guys out hunting.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

They probably were in media that you didn't see, but those spots ran and they sold a heck of a lot of cameras.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

There were a lot of grandfathers that bought GoPros to take their grandsons out hunting.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

So it probably went tenfold.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

Yeah, I guess it's probably about tenfold a year.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

There's about a five-year process, and they started at $600,000.

SaaS Interviews with CEOs, Startups, Founders
How GoPro Went from $300k to $600M In Sales in Weird Way with Ron Lynch Ep 8

So the next year would be $6 million, and the year after that would be about $50 million, $60 million.