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Tim Ray

๐Ÿ‘ค Speaker
160 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So you can get from one month to 12 months and you're basically paying that amount upfront though.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

Yes.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So I'm trying not to overcomplicate it, but we have basically a monthly recurring revenue business where it's $50 a month.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

If you choose to subscribe, the difference is that basically we're giving you $5 off.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So for $55 off 55, so 50 bucks a month.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

And you know, you have to tell us when you want to like stop receiving boxes.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

And so a lot of times people might sign up for only, you know, one or two months on a recurring revenue.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

basis but then they really like it may end up like a ride for you know a couple years versus if you don't want to have to like think about having to like log in and cancel in that frustration you can just commit to like three months and we'll never bill you again so basically we were trying to like you know offer something to all the different like niches of people that you know wanted to participate that but wanted to commit to varying levels of right yeah that makes sense

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So our year ends in August.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

We did 1.3 million in 2015.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

We're aiming for about 2.2 in 2016.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

And we only started this company with $100,000 of startup capital from my previous exit, which isn't much.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

And we've been able to grow to where we are in two years with that original 100,000.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

We haven't raised any capital.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So we're about a 35% average margin business when you're taking the discounts and our shipping is changing every month.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

Our net margin is zero because we're investing it all back into the business.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

Got it.

SaaS Interviews with CEOs, Startups, Founders
Meat on Demand Does $1,200,000 in 2015, EP 280: Tim Ray

So we've got four full time employees and then we use a lot of agencies for the specialties skills that, you know, we don't need a full time person for.