Josh Malang discusses the revenue impact of signing his insurance B2B tech platform's first wholesale distribution partner with Nathan Latka.
0:00 / 0:03exact quote · 3.9s
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“We actually generate about a 120,000 revenue in our first month with a channel partner.”
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More from Josh Malang
Disclosure
Josh Malang's company pays a 30% revenue share to wholesale channel partners
“So we, we'll carve off about 30% of that.”
Josh MalangFeb 28, 2021▶ 5:58He Sold $400k Business for $1.5m Then Reinvested Everything into New Business
AssertionNot checkable as stated
Josh Malang sold his retail insurance business lines for $1.5 million
“All in is about a million and a half bucks.”
Josh MalangFeb 28, 2021▶ 9:47He Sold $400k Business for $1.5m Then Reinvested Everything into New Business
AssertionNot checkable as stated
Josh Malang spent $500,000 to $600,000 on an external development firm
“So the dev company, probably five, 600 K.”
Josh MalangFeb 28, 2021▶ 10:44He Sold $400k Business for $1.5m Then Reinvested Everything into New Business
Disclosure
Josh Malang has invested several million dollars into his business over ten years
“I mean, several million bucks. I mean, since for the last decade.”
Josh MalangFeb 28, 2021▶ 13:08He Sold $400k Business for $1.5m Then Reinvested Everything into New Business
Disclosure
Josh Malang's new business is currently burning around $100,000 per month
“So I would say probably a hundred grand a month.”
Josh MalangFeb 28, 2021▶ 13:34He Sold $400k Business for $1.5m Then Reinvested Everything into New Business
Disclosure
Josh Malang's company took on several hundred thousand dollars in debt
“Several 100,000, you know, to kind of, to fill in the gap of that, we weren't like sitting on a pile of cash or anything like that.”
Josh MalangFeb 28, 2021▶ 13:51He Sold $400k Business for $1.5m Then Reinvested Everything into New Business
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