4.6 • 683 Ratings
🗓️ 2 March 2020
⏱️ 15 minutes
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0:00.0 | He got burned by Facebook on his last company after growing it to $50,000 a month. |
0:03.8 | Shut it down. LaunchTrend.io. |
0:05.8 | Now he's up to 20 customers paying $1,200 a month, about $25,000 a month in revenue. |
0:10.5 | Again, about six months into the company. |
0:11.8 | They've raised $750 grand and convertible notes. |
0:13.8 | They're burning about $5,000 per month right now. |
0:16.5 | Team of 5 in Austin, about 10% monthly churn as he's helping influencers or micro-influencers |
0:21.8 | partner with brands that are looking for those same target audiences. |
0:25.3 | Hello, everybody. My guest today is Ramon Barrios. He was born and raised in Puerto Rico, |
0:29.6 | previous owner of socially rich and then took up to 50,000 bucks in MRR when he moved to |
0:34.5 | Austin. Socially rich got shut down by Facebook and then he built trend.io within that same year. |
0:39.7 | That's what he's focused on now. |
0:40.9 | Ramon, are you ready to take us to the top? |
0:43.3 | Let's do it. |
0:44.1 | All right, yeah, so you were in a tough space. |
0:46.1 | Building on the back of a whale, like Facebook can be good and bad. |
0:49.5 | It ate your first business it sound like. |
0:50.9 | So what happened with socially rich did it just slowly lose all the revenue or did you sell it off or what yeah we actually lost all the revenue um we figured there was a |
1:00.2 | lot to do there with those clients uh we had about 5 000 contact information of people that we serve |
1:07.1 | free trials to and customers about 500 active subscriptions or so. |
1:11.0 | So there was something to do there, but the time being socially rich, I actually became |
1:18.4 | an influencer myself. |
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