How COVID Took Our Business To $0 & How We Bounced Back To $1M/Month
This is a follow up story for Discotech. If you're interested in reading how they got started, published over 3 years ago, check it out here.
Hello again! Remind us who you are and what business you started.
Hello again! My name is Ian Chen, Co-Founder, and CEO of Discotech, the OpenTable for nightlife and music festivals, you can check out our original publication on Starter Story.
Discotech offers a free mobile app (available on iOS and Android) and website which makes it easier for customers to discover events, purchase tickets, reserve VIP tables, and get free guest list access to clubs, concerts, and music festivals in different cities. Our most frequently used service is our free guest list, which helps our users save money and time compared to waiting in line and paying for general admission. Our company generates revenue from our venue partners, who pay us a commission for helping them sell VIP tables and tickets, as well as for bringing in customers through our exclusive guest list. We are currently booking over $1M per month in sales volume, with a gross margin of around 10%. This is a huge increase from where we were a year or two ago when the Covid...
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
