Valentin Radu, founder and CEO of OmniConvert, discusses the baseline conversion rate metric that his growth marketing and A/B testing platform aims to improve.
0:00 / 0:03exact quote · 3.8s
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“The conversion rate is around one, two, or three percent worldwide.”
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More from Valentin Radu
AssertionNot checkable as stated
Radu: OmniConvert generates around $95K in monthly revenue
“We are sitting at around 90 five K per month.”
Valentin RaduMay 13, 2019▶ 7:451388 Does he really have $95k in MRR? You decide.
AssertionNot checkable as stated
Radu: OmniConvert enterprise contracts average around $50K annually
“The annual contract is around 50 K per, per year.”
Valentin RaduMay 13, 2019▶ 10:181388 Does he really have $95k in MRR? You decide.
AssertionNot checkable as stated
Radu: OmniConvert software-only enterprise tier costs roughly $20K per year
“Those 50,000 can go down to something like 20 K. Okay. We are not getting customers which are not having enough traffic. So based on the traffic that they are having, they are, they would be paying us something like 20 K for the software.”
Valentin RaduMay 13, 2019▶ 12:181388 Does he really have $95k in MRR? You decide.
AssertionNot checkable as stated
Radu: OmniConvert monthly revenue churn is 2% for enterprise, 6% for low-tier
“Our revenue churn is around two percent for them. While for the other ones, it's around six percent”
Valentin RaduMay 13, 2019▶ 13:121388 Does he really have $95k in MRR? You decide.
Disclosure
Radu: OmniConvert pivots from custom enterprise consulting to machine learning
“We've decided that the old model of doing extra work for large companies or selling a manual product for the midsize or small companies is not working anymore. And that's why we are now focused on, on a machine learning product.”
Valentin RaduMay 13, 2019▶ 15:101388 Does he really have $95k in MRR? You decide.
AssertionNot checkable as stated
Radu: Omniconvert customers past three months retain for 3-4 years
“After they break the three months barrier, they can, they are staying with us for three or four years.”
Valentin RaduMay 13, 2019▶ 5:131388 Does he really have $95k in MRR? You decide.
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