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SaaS Interviews with CEOs, Startups, Founders

1679 Why He's Ok Burning $7k/mo In The Early Days

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 28 February 2020

⏱️ 13 minutes

🧾️ Download transcript

Summary

We launched ipgeolocation.io in June 2018 and have 100 paid customers and 3000+ developers actively using us. We handle more than 100 million requests every month.

Transcript

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0:00.0

launched his company back in uh in 2018 IP Geo location services in an API 100 customers paying

0:06.4

50 bucks a month so 5,000 bucks a month today nothing a year ago they just launched a couple months

0:11.0

ago they got their first 100 customers or the first couple customers via paid campaigns on Bing

0:15.0

and AdWords and Cora using keywords like IP Geo location they are bootstrapped he's funding

0:19.6

the company they are losing currently

0:21.0

about $7,000 per month. Team of four in Ukraine and Pakistan. They lost two big customers last

0:26.0

month, but that's just because it was one-time project-based stuff. He's hoping to get more recurring,

0:30.2

more sticky revenue as time goes on. Hello, everybody. My guest today is Ijaz Ahmed. He is the

0:36.0

CEO and founder of a company called IPGiolocation.io.

0:39.9

Launched in June 2018, they've passed 100 paid customers and 3,000 plus developers actively

0:44.4

using the platform.

0:45.6

They handle more than 100 million requests per month.

0:48.8

Izz, are you ready to take us to the top?

0:51.0

Yes.

0:51.5

All right.

0:51.8

What's the company do and what's your revenue model?

0:53.8

How do you make money?

0:55.6

Yeah. Our company is IP Geo Location Service. We provide some useful information from IP address of the visitors.

1:06.6

So the revenue model is we have a free developer plan and developers use us for free on for their project and then definitely they recommend us to their companies and companies use this data in various form including visitor analytics and other reports, material stuff and also geo-targeting their customer and they display

1:30.8

lots of e-commerce businesses display pricing information in local currencies based on our geolocation

1:38.1

service and also they have custom shipping and creating messages for visitors based on their location.

1:47.0

So revenue bottle is so.

...

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