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Sagar Kogakar

๐Ÿ‘ค Speaker
152 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

So we were good, really good in 2013, 14, after which we started to focus more on the product.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

And there are quite a few competitors coming up, like, you know, there's so many all over the world now.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

Like who, name a couple.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

So there's FreshBooks, there's Zoho Invoice now, there's Invoice Era, there's quite a few out there.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

And everyone has a very strong content marketing strategy and an SEO strategy in place.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

So,

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

The initial books you mentioned about the revenue model, the key was to keep it very economical and it was a pay-per-use model.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

So we used to charge 50 cents per invoice sent when we launched back in 2011 instead of per user per month.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

You know, some freelancers paid us less than $2 because they used to send four invoices or two invoices a month.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

That's right.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

So our plans start from about $7.95 and they go on to about $29.95.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

It's still below the market price at the moment.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

And an average customer would spend anywhere between $15 and $20.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

I see.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

We're still doing the same.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

We're doing a lot of content marketing.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

Now we've launched a new version this year.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

In fact, early this year, the new subscription model was launched this year.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

And we've kind of changed our features.

SaaS Interviews with CEOs, Startups, Founders
BillBooks Invoicing Tool Hits 5,000 Paying Customers, Bootstrapped

We are adding new features.