Checked prices its software per department rather than per user seat
Tom Erik von Krogh-Martinsen · 1665 How He's Using Government Loans to Build $50k MRR Visual Communication Tool for Construction Teams · Feb 14, 2020 · at 5:13
Tom Erik von Krogh-Martinsen, founder and CEO of Checked, explains how the construction SaaS platform structures its subscription pricing.
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“So right now the, we don't care about how many users you have or how many projects you have. We are basing it on on the company or the departments in the company. So if you have three departments with different organization numbers, then it's three licenses. So it's mainly one license for companies above five users which is which is then about 40 400 USD. And there is one license if you're smaller, which is half the price.”
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“There's one thing I learned about price models and that's no matter what you do with it, it's always wrong for someone.”
Checked nearly doubled its monthly revenue from $25k to $50k year-over-year
“A year ago, we were at about half that. So we have almost doubled this year.”
Checked has spent approximately 10 million NOK in total capital
“And I would say that we have spent about ten million Norwegian crowners.”
Checked secured a 4M NOK loan with a 75% government guarantee
“So we just took a loan of four million Norwegian crowners and we wouldn't be able to do that without security. So there is the government program that actually stands for 75% of the security of that loan.”