Sieva Kozinsky
๐ค SpeakerAppearances Over Time
Podcast Appearances
The average revenue.
So the average revenue is going to be that $42 figure.
Um, we're seeing turn anywhere between eight to 12%, um, in a, in a monthly period.
And for your business, is that good or bad?
Do you know?
Um, we've, we've talked to a few different marketplaces who also run subscriptions and consumer style, consumer style subscription businesses.
Um, and it seems like our numbers are lower than the industry average, obviously extremely higher than an enterprise SaaS product, but they seem to be lower than most of their consumer.
So we focus on acquiring the sellers and we really train them to be entrepreneurs on our platform.
We're giving them the space where they can create their own business and then they can go out, post their materials and acquire all their own customers.
So we focus all of our attention on getting those sellers today and getting them trained up.
It costs us, you know, let's say $100 to $150 to acquire a seller that's going to be then generating some revenue for us.
And of course, we've got to train them up on the components
of what they should post, how they should post, how they're going to be successful, and then how to go out and get their own business.
And as most platforms similar to Etsy as well, the sellers are actually going to go out and market their own materials to the buyers.
No, we're not too sure.
I think it's a little bit too early in our iteration.
We have some cohort analysis data, but it doesn't show the full LTV.
People haven't entirely dropped off based on their current data.
I'm on Twitter, Siva Kaczynski, at Siva Kaczynski.
Most recently, I really like the Elon Musk biography by Ashley Vance.