Personalized video messages for customer engagement
Bonjoro monetizes primarily through recurring subscriptions. They also offer one-time or lifetime deals for instant access.
“These podcasts became our company's central growth lever, pushing us to over 40,000 users and adding $28,000 MRR (Monthly recurring revenue), or $336,000/year in new customer revenue directly from podcasts.”
“They weren't able to spend much time on it. And it looked awful, but it worked. And that was enough for them to be able to charge the client $15 a month. And that's how Bonjoro was born.”
“Because someone pays $1,000 a month, invites no one. Someone pays $15 a month and invites 100 people.”
“Like all other SaaS companies, at Bonjoro we pay close attention to certain metrics that are important growth indicators of our business. Our Papa Bear Matt and myself are suckers for checking MRR and ARR dashboards on basically an hourly basis.”
“If you then decide on your pay plans. They start like $50 a month.”
“We re-ran the affiliate program. We will pay back 30% of our revenues to our affiliates, which was advice given to us by CovertKit, who also did that really successfully. That's worked really well.”
“we ended up building an affiliate program. ... where we run affiliates, give away 30% month-on-month of revenue ad infinitum for any revenue that comes to affiliates.”