Marcos Kern is the founder of interactive sports gaming company Limb.io. He describes experimenting with hardware-as-a-service pricing to lower upfront customer costs.
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“We're already experimenting with giving out systems only for subscriptions. So you don't pay, let's say the seven grand that you need for a multi ball, which is a small system for school. And instead of saying paying seven seven grand and 59 bucks per month for the software, we just tell you, listen, you're going to be paying 299 and you just pay for that forever.”
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More from Marcos Kern
Opinion
Kern: Fitness industry and schools hate recurring subscription payments
“People hate in that business, like the fitness industry and schools, they hate monthly payments. They hate yearly payments.”
Marcos KernFeb 13, 2022▶ 8:23B2B Hardware Plus SaaS Business Breaks $4.5m in Sales Volume, Super Sticky SaaS Revenues
Disclosure
Kern: Limb.io raised unit price from $800-$900 to $1,400 due to production costs
“Well, at the Kickstarter campaign, we started with around 800 to 900 bucks, which is also the retail price that we're aiming for. Right now we had to go up quite a lot because production is insane. So we're now selling it at around 1400 for the first year at l…”
Marcos KernFeb 13, 2022▶ 6:52B2B Hardware Plus SaaS Business Breaks $4.5m in Sales Volume, Super Sticky SaaS Revenues
Disclosure
Kern: Limb.io hardware works without a software subscription, unlike Peloton
“So it's not going to be a model like with the usual Peloton. Or you say like, Hey, listen, if you buy the hardware and you're not paying the subscription, you can't do anything with it. Because our clients also are families, their elderly care facilities. They…”
Marcos KernFeb 13, 2022▶ 15:42B2B Hardware Plus SaaS Business Breaks $4.5m in Sales Volume, Super Sticky SaaS Revenues
PredictionNot checkable as stated
Kern: Third-party developers will create 80% of Limb.io content
“I think in the longterm, it's going to switch quite much right now. We're, Probably building around 70 to 80% of the content that's on the platform comes from us. But in the future, we're looking more like at 20 to 80%.”
Marcos KernFeb 13, 2022▶ 20:20B2B Hardware Plus SaaS Business Breaks $4.5m in Sales Volume, Super Sticky SaaS Revenues
Disclosure
Kern: Limb.io expands from B2B customers to B2C home consoles
“Well, right now we're very strong in the business to business market. So it's sports teams, clubs, facilities, even kindergartens, a lot of offices, but now we're also launching our B to C console. So it's also going to jump into your living room.”
Marcos KernFeb 13, 2022▶ 2:01B2B Hardware Plus SaaS Business Breaks $4.5m in Sales Volume, Super Sticky SaaS Revenues
AssertionNot checkable as stated
Kern: Limb.io is in 45 countries with 500 console pre-orders
“So far right now we're in 45 countries and it's only B to B about 500 pre-orders for the console.”
Marcos KernFeb 13, 2022▶ 2:29B2B Hardware Plus SaaS Business Breaks $4.5m in Sales Volume, Super Sticky SaaS Revenues
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