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SaaS Interviews with CEOs, Startups, Founders

SuperLemon Breaks 5k Leads From Shopify Monthly, $30k in MRR for Whatsapp Ecommerce Tool

17 Aug 2020

Transcription

Chapter 1: What is the main topic discussed in this episode?

0.031 - 6.267 Unknown

This month, we have closed. We are about to close that. We just crossed $29,000. Last month was $25,500.

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6.287 - 9.575 Nathan Latka

And where were you exactly a year ago in terms of revenue?

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11.019 - 16.673 Unknown

So a year ago was July 2019, and we had just crossed $2,000 or $2,500.

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Chapter 2: How did SuperLemon grow its revenue from $2,500 to $30,000 in one year?

18.627 - 39.285 Nathan Latka

You are listening to Conversations with Nathan Latka. Now if you're hearing this, it means you're not currently on our subscriber feed. To subscribe, go to getlatka.com. When you subscribe, you won't hear ads like this one. You'll get the full interviews. Right now, you're only hearing partial interviews.

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39.265 - 60.335 Nathan Latka

And you'll get interviews three weeks earlier from founders, thinkers, and people I find interesting. Like Eric Wan, 18 months before he took Zoom public. We've got to grow faster. Minimum is 100% over the past several years. Or bootstrap founders like Vivek of QuestionPro. When I started the company, it was not cool to raise.

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60.555 - 66.403 Nathan Latka

Or Looker CEO Frank Behan before Google acquired his company for $2.6 billion.

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66.552 - 70.556 Preetam Nath

We want to see a real pervasive data culture, and then the rest flows behind that.

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71.377 - 98.428 Nathan Latka

If you'd like to subscribe, go to getlatka.com. There, you'll find a private RSS feed that you can add to your favorite podcast listening tool, along with other subscriber-only content. Now look, I never want money to be the reason you can't listen to episodes. On the checkout page, you'll see an option to request free access. I grant 100% of those requests, no questions asked. Hello, everyone.

98.448 - 116.86 Nathan Latka

My guest today is Preetam Nath. He is a problem solver and entrepreneur from the heart. He's a chilled out guy at a party who will talk about living a good life and building a great business. That business is called SuperLemon.xyz. Preetam, you ready to take us to the top? Let's do it. All right. What is SuperLemon and how do you guys make money?

117.363 - 141.197 Unknown

Super Lemon is a WhatsApp plugin for Shopify stores. It just does two things. It adds a chat button to your store so your customers can contact you via WhatsApp. And it lets you send messages to your customers regarding their order, abandoned cart, tracking information, again, via WhatsApp. We charge a simple monthly subscription fee. And we also charge per message for the automated messages.

141.637 - 142.719 Unknown

That's basically it.

143.34 - 145.783 Nathan Latka

So breakdown, what was revenue last month?

Chapter 3: What features does SuperLemon offer for Shopify stores?

435.935 - 454.432 Unknown

And it just turned out that I'm doing it for a $10 product, but I would do it for $100, $1,000 product too. This formula works. And the second thing is when customers have reached a certain milestone inside the app, for example, they have gained, they made $1,000 plus using our app, recovered $1,000 plus cards in a month.

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455.233 - 469.572 Unknown

We have set up automated triggers which send emails saying your experience has been great. If you have some feedback, share it with us. But we would love it if you write a review for us on the Shopify App Store. So that's when we see really long-form, authentic reviews come out.

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470.173 - 476.702 Unknown

And the other ones are the shorter, support was great, the app is looking really good, I set it up very easily, those kind of reviews.

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477.61 - 491.926 Nathan Latka

Okay, I'm in the Shopify app store. I imagine the number of new users you get from Shopify will drastically increase if you move from the number two position, which you're in right now, to number one. The problem is the number one spot is by this company called PushDaddy, which looks like they don't even compete directly with you. Is that accurate?

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493.067 - 496.752 Unknown

Yeah, they have a chat button. That's it, yeah.

496.772 - 506.082 Nathan Latka

So yeah, so you're focused on a specific use case. E-commerce brands that want to solve abandoned carts using WhatsApp messages, they do not have that same target.

506.23 - 525.806 Unknown

Yeah, they don't. But again, I would be lying if I say that what we have built so far cannot be replicated by others. So our strategy for the last few months and going forward is to build things that competitors cannot copy or build very easily. And we are working with WhatsApp partners closely to build something like that.

Chapter 4: How does SuperLemon structure its pricing model?

526.447 - 529.352 Unknown

But it's not yet ready. It will be unveiled in the next one or two months.

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529.737 - 539.611 Nathan Latka

How do you make sure you stay above the people right behind you? SoftPulse Infotech, they have 472 reviews. You have 568. You have a 5.0 rating. They're at 4.7.

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540.392 - 555.854 Unknown

Yeah. So when we started 14, 15 months ago, they were at 350 reviews. So we're not worried about them. We're only worried about people like PushDaddy who game the Shopify App Store review system to get, I don't know, how many do they have? 1,200 reviews in three months?

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555.874 - 557.737 Nathan Latka

1,340. What did they do to game it?

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557.957 - 558.057

Yeah.

558.745 - 577.142 Unknown

basically pop up spam your user when you install the app after you activate it saying please leave a review we are completely free we don't charge anything there are a lot of apps that are doing this and Shopify app developers including myself and my friends we are pushing the Shopify team to address this

577.122 - 592.6 Unknown

Because you don't want low quality apps to flood the ecosystem because genuine developers will feel like, why am I playing by the rules? Or merchants will have a terrible experience and therefore leave the platform. So I know that it's a transitory problem, but as of today, it's a little pest.

594.233 - 608.192 Nathan Latka

If I just installed a new platform like PushDaddy and the first thing I saw was go leave the app on like a review, I'd go, well, I don't even know the tool yet. I'm just gonna leave a one-star review so you'll leave me alone. Why doesn't their rating take a hit because they're so aggressive?

608.712 - 627.729 Unknown

So they're not the only ones who do this. And I was very curious at first, but I've arrived at the law 4.8. It turns out if you just push people to write a review right after they've activated the app, the average rating for such apps is around 4.8. And I don't know why, but that seems to be there are one star reviews, but not enough of them.

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