TapChief takes a commission on paid expert consultations
Shashank Murali · EP 601: TapChief Passes 75,000 Minutes Of Experts Teaching Students, $150k Raised, Team of 10 with 23 yo CEO Shashank Murali · Mar 17, 2017 · at 2:24
Shashank Murali, co-founder and CEO of TapChief, explains the platform's core monetization model to Nathan Latka.
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“Every single time these experts charge for their time, we take a small commission out of it. So that's the primary business model of TapChief today.”
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More from Shashank Murali
TapChief aims for 1.5 million interaction minutes by year-end 2017
“So we are aiming at about one to 1.5 million of minutes of interactions over by the end of 2017.”
TapChief's average consultation ticket size is roughly $5
“So today we see about two 50 INR, which is about, ah, roughly five dollars, ah, in five USD. So that's what we see as an average ticket size.”
TapChief takes a 20% platform cut on consultations
“So it's about 80, 20, 80 to the expert and 20 to that.”