Everything Brynn Gibbs said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Gibbs: One negative review can cost a franchise location up to $300,000
“And the lifespan of one negative review can impact their franchise location up to 300,000 dollars.”
Consumer Fusion's largest customer contract is about $120,000 per year
“About a 120,000 a year.”
Gibbs: Consumer Fusion has taken no outside investment and is bootstrapped
“I haven't had any outside investments. So we're bootstrap”
Gibbs: Outsourced developer rates have risen above $35 per hour
“It's a little bit higher than that. Lately, there is just heavy need for developers, so we have seen the rates increase, but it is cheaper for us to have them overseas than domestic.”
Consumer Fusion's largest agency partner marks up the product by 100%
“Our biggest partner pretty much just doubles what our cost is.”
Gibbs: Consumer Fusion retained all staff and serviced paused COVID accounts for free
“We had like, 25% of our accounts go on hold, so COVID was definitely, it impacted us, but we were able to retain all of our employees, and we actually started working for the 25% of our accounts who needed to go on hold for free, just because we wanted to help…”
Consumer Fusion is projected to hit nearly $4M in annual revenue
“I mean, well, I think we're going to hit just under four million, and so,”
Consumer Fusion remains profitable while reinvesting heavily into development
“Not super profitable, but we are profitable. We have put a lot into our dev.”
Gibbs gave 23% equity to her four-person executive team
“Let's see, I gave up 23%.”
Consumer Fusion charges SMBs an average of $299 monthly per location
“But on average, I would say our price point is like 299 dollars a month per location for SMBs.”
Gibbs: Consumer Fusion outsources its six-person dev team to Belarus
“Six, and so we outsource that. Our development team is over in Belarus, and they have been with us since day one.”
Gibbs: Agency Partnerships Are Consumer Fusion's Fastest Growth Engine
“And that's been the quickest way for us to see this growth is through partnerships.”
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