The Ledger
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Radu: OmniConvert generates around $95K in monthly revenue
“We are sitting at around 90 five K per month.”
Radu: OmniConvert enterprise contracts average around $50K annually
“The annual contract is around 50 K per, per year.”
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.”
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”
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.”
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.”
Radu: Worldwide website conversion rate is between 1% and 3%
“The conversion rate is around one, two, or three percent worldwide.”
Radu: Omniconvert customers pay an average of €600 per year
“On average, a customer is paying us around 600 euro per year, so that's the lifetime, the annual revenue that we're getting from a customer, taking into account the companies which are not into conversion rate optimization”