How David Tabachnikov Built Scholarship Owl to $6M ARR
ScholarshipOwl offers students a comprehensive scholarship application system with personalized matches, helping them save time and focus on relevant opportunities, while also enabling brands and organizations to connect with students.
Who is David Tabachnikov?
David Tabachnikov is the founder and CEO of Scholarship Owl. David is an experienced CTO/R&D manager with over ten years of experience in leading tech teams. Before starting Scholarship Owl, David worked full-time as a senior web engineer at Google.
What problem does Scholarship Owl solve?
Cost of education is rising, requiring more students to seek financial aid and scholarships.
How did David come up with the idea for Scholarship Owl?
David recognized the financial hurdles many families encounter in affording education in the US. Consequently, he took the initiative to create a blog aimed at providing valuable assistance to millions of students seeking to pursue their education in the US, helping them access a wide range of suitable scholarships. As interest in his initiative grew, he launched a premium SaaS product to help students match with suitable scholarships.
How did David Tabachnikov build the initial version of Scholarship Owl?
Scholarship Owl started as a blog offering advice on obtaining scholarships. David used the blog to grow his email list. When he reached over 10,000 subscribers, he redirected his efforts towards creating a paid membership software as a service (SaaS) platform to help students apply for scholarships.
A snapshot of Scholarship Owl in June 2015
What was the growth strategy for Scholarship Owl and how did they scale?
David obtained initial customers through email marketing by targeting an existing email list he had built using his blog. Producing quality content helped him grow his business quickly.
He also leveraged organic content posted on social media platforms and PPC ads to gain customers.
ScholarshipOwl Actively Engaging Twitter audience
What's the pricing strategy for Scholarship Owl?
ScholarshipOwl offers four membership options:
- Monthly: $20 per month
- Quarterly: $45 for three months
- Half-yearly: $60 for six months
- VIP: $69 per month, which includes extra scholarship help
Pricing as at May 2024
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More about Scholarship Owl:
Who is the owner of Scholarship Owl?
David Tabachnikov is the founder of Scholarship Owl.
When did David Tabachnikov start Scholarship Owl?
2015
What is David Tabachnikov's net worth?
David Tabachnikov's business makes an average of $500K/month.
How much money has David Tabachnikov made from Scholarship Owl?
David Tabachnikov started the business in 2015, and currently makes an average of $6M/year.
