4.6 β’ 683 Ratings
ποΈ 12 August 2017
β±οΈ 26 minutes
ποΈ Recording | iTunes | RSS
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Gavin Wheeldon. With over 15 years of experience working in technology led or enabled businesses, Gavin has a deep understanding of the impact of technology on the bottom line of an organization. He sold his last business, Applied Language Solutions, a global language technology and service business, and has used some of the earnings to set up a new company, Purple WiFi.
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0:00.0 | 2014, 2015 to launch purple Wi-Fi. |
0:03.7 | Okay, purple Wi-Fi. |
0:05.3 | And again, doing super well there. |
0:08.0 | They've passed 17,000 venues have installed at least and at one access point with over 80,000 access points. |
0:15.0 | You know, average access point is 11, 12, 13 bucks per month. |
0:17.8 | So they're doing between 800 grand and a million bucks in MRR. |
0:20.4 | Growing, you know, this year they'll grow. We call it 100, 140% year over year. |
0:25.0 | Gross churn monthly is about 1%, but they have net negative revenue churn. |
0:29.4 | Payback period. He's always aiming for less than 12 months, but some of his, you know, |
0:32.7 | good fit customers, lifetime value. He's projecting it well over $100,000 with this team of 100 in Manchester, UK, |
0:39.2 | fighting hard to make your public Wi-Fi connections easier. |
0:43.4 | This is the top, where I interview entrepreneurs who are number one or number two in their industry |
0:49.7 | in terms of revenue or customer base. You'll learn how much revenue they're making, |
0:54.9 | what their marketing funnel looks like, |
0:56.5 | and how many customers they have. |
0:59.4 | I'm now at $20,000 per talk. |
1:01.7 | Five and six million. |
1:02.6 | He is hell-bent on global domination. |
1:04.5 | We just broke our $100,000 unit sole market. |
1:07.3 | And I'm your host, Nathan Latka. |
1:10.4 | This is episode 749. Coming up tomorrow morning, |
1:13.3 | you're going to learn from Makita, Mikado, and he's going to talk us through how to 3X your |
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