CrewPay Whatupdate No. 19
Hello, crew.
two by 200 Update
(200 active contractors + releasing 1099 services and QBO integration by 12.31 )
- 60 active / 30% of goal
- 1099: in development
- QBO: planning
Team Accomplishments & News
- Not this week
Product Accomplishments & News
- Onboarding tweaks
- Bug fixes
- QBO integration and 1099 progress
Sales, Marketing & Customer Success Accomplishments & News
- Website feedback (hoping to launch in the next 2 weeks)
- Meeting with Preferred Childcare & Storage Scholars
Revenue & New Clients
- 8 transactions last week (339 YTD)
- $22,234 sent last week ( $971k YTD)
- 0 new companies, 1 new contractor
- 11 companies, 8 active in the last month
-
79 contractors, 60 active in the last month
-
Totals:
- MRR: $300*
- ARR: $3,600*
- MRPC: $37.5*
- MRR: $300*
*billing to all starts in October
Closing Thoughts
In the last few weeks, I’ve spoken with several business leaders who have used Venmo to pay their contractors. Venmo. The answer wasn’t they were using Square, Bill.com, Gusto or other “competitors.”
They used Venmo because it was easy, fast and their payees were already on it. No hassle.
We often think our competition is the big players. Maybe it’s not.
One thing we do know is that if our customers are not using CrewPay, they’re using something.
It’s up to us find the customers who care a lot about what CrewPay does so we can earn their trust by solving their pains and keeping our promises.
Ever,
David