Blueprint Registry generates revenue exclusively through retailer commissions
Nevin Shetty · EP 621:BluePrintRegistry Raises $1.7M, Passes 2500 Postings and $10M in Transaction Volume with CEO Nevin Shetty · Apr 6, 2017 · at 2:23
Nevin Shetty, co-founder and CEO of Blueprint Registry, explains the platform's revenue mechanics to Nathan Latka.
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“It's all commission based. So we drive sales to retailers and they give us a commission cut when we sell goods.”
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More from Nevin Shetty
Shetty: Registries cannot charge consumer subscriptions without major differentiation
“Cause if you look at the marketplace, it's always free. So if you know, you can't have a paid subscription unless you're doing something very, very different.”
Blueprint Registry charges a 2.5% credit card fee on cash gifts
“And we have the lowest fees on the web anywhere for credit card processing. So for only cash gifts, it's a 2.5% credit card transaction fee. So every single website charges this. GoFundMe charges this. Kickstarter charges this. Zola charges us. Everyone charge…”
Blueprint Registry generated over $4 million in sales in 2015
“In 2015, we did over four million in sales.”
Blueprint Registry reached over $6 million in sales in 2016
“This past year in 2016 we did a little over six million in sales.”