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Cubicle to CEO

165. GrubHub’s Founder Grew Revenue By 300% One Week After Switching From A Subscription Model To A Transactional Model

Cubicle to CEO

Ellen Yin

Business, Marketing, Entrepreneurship

5.0580 Ratings

🗓️ 24 October 2022

⏱️ 43 minutes

🧾️ Download transcript

Summary

On the show today we have our first guest who has taken a company public. Mike Evans founded GrubHub in his spare bedroom and grew it into a multi-billion-dollar household name. Today’s case study looks at how GrubHub grew their revenue by 300% in one week after switching from a subscription based model to a transactional model, and how you can evaluate which revenue model would create more value in your own business and attract repeat customers. Since leaving GrubHub post-IPO in 2014, Mike more recently founded Fixer.com, an on-demand handyperson B-corp that trains its W-2 employees from scratch. For more insights from Mike, order his book, Hangry, releasing this November on Audible and wherever books are sold. Connect with Mike: Get Mike's new book Hangry: A Startup Journey --> https://ellenyin.com/hangry https://mikeevans.com/ https://fixer.com/ https://www.linkedin.com/in/authormikeevans/ https://www.facebook.com/mevans314159/ https://www.instagram.com/m_evans314/ https://twitter.com/m_evans If you enjoyed today’s episode, please: Sign up for our text notifications at ellenyin.com/superfan so you can be the first to know when a new case study has dropped! Post a screenshot & key takeaway on your IG story and tag me @missellenyin & @cubicletoceo so I can repost you. Leave a positive review or rating on Apple Podcasts or Spotify Subscribe for new episodes every Monday. Want to hear all the ins and outs of what is happening in our business? Check out all our previous quarterly income reports at https://ellenyin.com/incomereport ! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

You're listening to Cubicle to CEO, episode 165. On the show today, we have our first guest

0:05.9

who has taken a company public. Mike Evans founded Grubhub in his spare bedroom and grew it into a

0:11.9

multi-billion dollar household name. Today's case study looks at how Grubhub grew their revenue by

0:17.4

300% in one week after switching from a subscription-based model to a transactional

0:23.2

model and how you can evaluate which revenue model would create more value in your own business

0:28.7

and attract repeat customers. Since leaving Grubhub post-IPO in 2014, Mike more recently founded

0:36.3

Fixer.com, an on-demand handyperson B-Corp that trains

0:40.1

its W-2 employees from scratch. For more insights from Mike, order his book Hangary, releasing this

0:46.1

November on Audible and wherever books are sold. Welcome to Cubicle to CEO, the podcast.

0:55.4

I'm your host, Ellen Yin.

0:57.2

I quit my job without a backup plan and bootstrapped my first $300 freelance project into $2 million in revenue by age 28.

1:05.4

On this show, you'll hear weekly case study interviews with leading entrepreneurs and CEOs who share one specific strategy

1:12.2

that successfully grew their business revenue. Skip the expensive and time-consuming

1:17.1

learning curve of testing everything yourself by borrowing what actually works from the best

1:22.0

and brightest mentors. You'll also get a front row seat to my founder's journey through

1:26.8

transparent income reports and behind the business solo episodes.

1:30.8

Subscribe now so we can grow together every Monday.

1:38.8

All right, everyone, we have someone very special on the show with us today.

1:42.2

You know, we don't interview a lot of men on

1:44.3

the show, but when Mike came across our inbox, I had to say yes. It was a no-brainer. Mike Evans,

1:49.9

welcome to the show. Thanks for having me. I appreciate it. So Mike, you are best known as the

1:55.7

founder of Grubhub, and there is an incredible story behind that. But as you know, on our show, our focus

...

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