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Sam Eitzen

๐Ÿ‘ค Speaker
180 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

with no marketing spend other than like amateur PR.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

We launched the website on March 19th.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

So it was from March 19th to May 19th through, yeah.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Way higher.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

So our gross product margin is about 40%.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Net business margin is maybe 5% because we're very new at this.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

And I'm sure we're relatively inefficient in some ways.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Whereas when we were running a photo booth company, our product margins were 300%, maybe more.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

I mean, it varied about between 200 and 400,000 a month.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Yeah, like I said, very, very high.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

I mean, product margin was like 300%.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Net business, I think we were at basically 33% to 40% net business margin.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

CES just announced three minutes ago that they're canceling for 2021.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

Right.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

I mean, you don't want to be liable, but you also don't want to be irresponsible in spreading this thing.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

And while there's so many things that are unknown and there are ways to put on safe events, and I'm a huge proponent of that because I'd love for my industry to come back.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

I don't want the virus to spread.

SaaS Interviews with CEOs, Startups, Founders
SnapBar Looses $3m Photobooth Revenue COVID, Pivots in 8 Days, Makes $500k on New Idea, How?

So it's a hard position to be in.