It was an Address Validation Shopify & BigCommerce App.
Here are some details for you:
Sold Price $10-100M
Yearly Net Profit $2,418,000
Yearly Revenue $2,424,000
The app was launched in 2017 and it solved a huge problem of invalid adresses.
A single invalid adress costs $18 to an E-com store in redelivery costs and customers also leaves negative reviews.
Here are some key details about the business that might help you build a valuable SaaS business too: ️
💰 Solved a significant pain point for merchants by accurately helping customers determine their size, which reduced return rates.
Here's how he launched, built, and made a high 7-figure exit from his wildly successful CBD business @VermaFarms.
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1/ Agrawal launched @VermaMedia, a business that allowed him to hone his marketing skills.
Jun 30, 2022 • 6 tweets • 1 min read
An affiliate site founder made an 8-figure exit!
Wish I could share all the details, but here are 5 insights that I *can* share...
1. Featured 10 years of operational history
Jun 30, 2022 • 10 tweets • 3 min read
Need to improve your customer service but don't have the resources?
Try these 8 things:
1. Create thorough product descriptions.
Inquiries will decrease when customers have a clear picture of your product's benefits and features.
Jun 29, 2022 • 7 tweets • 1 min read
Founder walked away with $5.5M+ for their SaaS biz.
What attracted the investors?
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- Featured a dominant presence in the $67B mobile marketing industry
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Jun 29, 2022 • 12 tweets • 3 min read
How did a former @trulia and @HotPads marketing leader successfully launch two SaaS companies by solving customers' pain points?
Here's @dohertyjf's inspiring story in 10 points:
1/ John freelanced as an SEO expert.
When he decided to quit, he began connecting his old clients with other digital marketing companies.
May 22, 2022 • 7 tweets • 2 min read
Our average SaaS multiples are:
4.0x-6.0x for businesses under $2M
6.0x-10.0x for businesses over $2M
Want to know what it takes to increase your multiple?
Do these 5 things:
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1. Documentation: maintain clear and complete financial records. Hire a professional to help you from day one.
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May 20, 2022 • 8 tweets • 2 min read
Know a lot about bugs? Well...pest control?
One founder did and made a 7-figure exit from their affiliate site.
Details below...
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🎯 Rapidly growing content business in the pest control niche, an industry forecast to generate $27.6B in global sales by 2025.
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May 20, 2022 • 8 tweets • 2 min read
A mistake I see founders making?
Failing to optimize for their exit.
-No metrics tracked
-No financial records prepared
-No idea what they want/can get for their business
Fix that with these 6 tips:
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1) Reduce churn.
Most can improve churn rates by improving their onboarding process, increasing customer service efforts, updating FAQ pages, and adding help articles that keep customers informed.
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