The Ledger
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Tradable Bits maintains customer churn below 1% in sports and music
“If we're taking a look at this point, we're just focusing on music, right? Music and sports. The retention on, on that side is, I would say, or churn, I just say is probably less than one percent.”
Tradable Bits serves clients like Live Nation and Ticketmaster
“Our clients are going to be like the companies like the live nations of the world ticket master or right down to a potential artist that's trying to roll out their new album and things like that tied to a label.”
Tradable Bits pricing starts at $15,000 per year
“It's gonna range between a starting point of 15,000 dollars a year all the way up depending on the volume of data that we're gonna be providing services to.”
Tradable Bits engages over 20 million active fans annually
“So today, you know, we're about on an active basis, over twenty million engaged audiences on a yearly basis.”
Tradable Bits serves approximately 250 distinct corporate clients
“So if we're looking at actual, let's, let's take a look at companies by entity, you know, we're about 250 different companies that we deal with.”
Tradable Bits generates between $200,000 and $300,000 in monthly revenue
“Well, it changes from month to month, but yeah, you can go between anywhere between, you know, 200 to 300.”
Tradable Bits is growing its revenue at 50% year-over-year
“Yeah, so we're growing 50% year, year over year.”
Tradable Bits grew to multimillion-dollar revenue without raising outside capital
“So we've never raised any money. And you know, at this point it's all organic growth through word of mouth.”
Tradable Bits customer acquisition cost ranges between $3,000 and $5,000
“So cost for acquisition can range between, you know, three to 5000. And from that perspective you know, we're pretty strategic about which events we go to.”
Tradable Bits recoups its customer acquisition costs within six months
“On average depending on which events that we go to, some are more expensive to, you know, to sponsor. But in, in most cases we get those return At least within six months.”
Tradable Bits reports three-year customer lifetime values of $50,000 to $60,000
“I would say each customers within, let's take a look at the last three years of most of our customers that have been on the platform. You know, a lifetime is going to be between 50 to 60 grand in, in, in a three year window.”