Tim Ray
๐ค SpeakerAppearances Over Time
Podcast Appearances
You're going to give us $220 upfront.
And we only have to pay that out, you know, one month at a time.
So whereas most e-commerce businesses like, which is true of carnival club or sorry, bro.
Okay.
And other companies where you might have a large amount of cash in
tied up in inventory or you've done sales and you're you have an accounts receivable where you're waiting to get cash in you know carnival club has the opposite problem which is a good problem where we have so much cash on hand that we haven't actually earned yet because we're waiting to ship those boxes out for future sales yep so what is uh let's just go back i guess maybe the maybe the best thing to do is break down february 2016. how much revenue did you do in february 2016.
So February, 2016, we did just shy of 200,000 in sales across Canada, the U S and Europe.
Yeah, yeah.
So of those sales, I would say on approximate, let's say we did two thirds of that would have been gift sales.
Let's say, you know, half of that would have been multi-month gift sales.
Okay.
And when you say gift sale, you mean the one time?
No, like gifts mean it's like, like a fixed term, like whether it's, uh, so on our website, we put you in the two different funnels.
Uh, you can, when you come to our homepage, you either choose to like to join, which is like, presume that you're joining it for yourself or you're getting it to somebody else.
Yeah.
You need to go to the homepage.
You're on the subscription tab.
Um, I'm on the homepage.
If you just click the homepage.
So you can choose to give to one month or 12 months.