Omar Chowdhury, founder of FeedSauce, discusses the traditional costs brands face when sourcing basic product photography through influencer agencies.
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“30% of the influencer content transactions that are happening now are actually just for your standard kind of pack shots or flat lay type shots, like that influencer bedroom, because brands don't know where to go. And they're paying on average 1400 dollars per shot. To an influencer, not for any exposure. These are people with less than 2000 followers or people that can just create good content.”
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More from Omar Chowdhury
AssertionContradicted
Chowdhury: A FeedSauce co-founder is Apple's head of marketing
“And one of our co-founders is the head of marketing at Apple as well.”
Omar ChowdhuryNov 14, 2020▶ 13:51FeedSauce Helps Brands Get Top Notch Product Shots, Influencer Style
AssertionNot checkable as stated
FeedSauce Sees 40%–60% Retention After Switching to Pay-As-You-Go
“When we switched the model into a pay-as-you-go model, we had huge retention. So we saw that anywhere between 40 to 60% of our customers were coming back.”
Omar ChowdhuryNov 14, 2020▶ 8:58FeedSauce Helps Brands Get Top Notch Product Shots, Influencer Style
PredictionNot checkable as stated
Chowdhury targets $1M in FeedSauce revenue by July 2021
“So the key right now for us, the goal over this next year is to get to 3000 transactions across the board from customers, which will take us to around a million in revenue by next July.”
Omar ChowdhuryNov 14, 2020▶ 10:12FeedSauce Helps Brands Get Top Notch Product Shots, Influencer Style
Disclosure
FeedSauce Is Raising $1M Seed At A $5M Pre-Money Valuation
“We're raising our five million dollar valuation right now.”
Omar ChowdhuryNov 14, 2020▶ 12:51FeedSauce Helps Brands Get Top Notch Product Shots, Influencer Style
PredictionNot checkable as stated
Chowdhury: FeedSauce creators will earn 4x the average photographer salary
“What we know through our economics and the modeling that we put out for this is that creators on average will be able to earn four times more than what their average salary for a photographer is right now as well.”
Omar ChowdhuryNov 14, 2020▶ 17:57FeedSauce Helps Brands Get Top Notch Product Shots, Influencer Style
AssertionNot checkable as stated
Chowdhury: FeedSauce operates at a 20% profit margin, scaling to 60%
“We are reinvesting heavily, but we are profitable as well. So we're working around a 20% margin at the moment, but once it scales out, we see this growing to around a 60% margin.”
Omar ChowdhuryNov 14, 2020▶ 18:29FeedSauce Helps Brands Get Top Notch Product Shots, Influencer Style
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