Audio-to-video tool for social media marketing
Wavve monetizes primarily through recurring subscription fees as a subscription video on-demand streaming service. It operates a freemium model with a portion of users subscribing to premium plans, generating recurring revenue.
“Wave has a little over 100,000 users, it's a freemium product, and about 7,000 premium subscribers. So we're doing around 87,000 a month in recurring revenue for Wave.”
“Over the past 3 years, we have bootstrapped the business to $75k in monthly recurring revenue.”
“Wavve (Korean: 웨이브) is a South Korean subscription video on-demand, over-the-top, streaming television service operated by SK Telecom.”
“This was people buying packs of minutes and using them and maybe coming back and buying more.”
“Special Offer: Free Trial + $100 Off Lifetime Access!”