CrewPay Whatupdate No. 29
Hello, crew.
two by 200 Update
(200 active contractors + releasing 1099 services and QBO integration by 12.31 )
- 75 active / 37.5% of goal
- QBO: live!
- 1099: in testing
Team Accomplishments & News
- Not this week
Product Accomplishments & News
- Pretty light with the holiday week. That said, Matt demoed the 1099 functionality last week.
Sales, Marketing & Customer Success Accomplishments & News
- Good meeting with Natasha, founder of the CFO/Accounting firm AccountKeepers
- Ads are getting about a 2% CTR, which isn’t terrible but we’re still not seeing any conversions. Continuing to test.
Revenue & New Clients
- 12 transactions last week (517 YTD)
- $23,808 sent last week ( $1.3M YTD)
- 0 new companies, 1 new contractor
- 13 companies, 8 active in the last month
- 94 contractors, 75 active in the last month
- Totals:
- MRR: $375*
- ARR: $4500 * MRPC: $46.88 The numbers for totals have been off. We’re working on getting true revenue and using active estimates for now.
Closing Thoughts
Happy US Thanksgiving everyone (you too, Jason)! I’m truly appreciative of everyone’s efforts on CrewPay. Building SaaS isn’t the easiest thing to do. Each one of you have put in time that could be invested in family or any number of projects, but you chose to work on CrewPay. Thank you.
Right before the holiday I had a good conversation with a founder who runs a CFO/bookkeeping service in Raleigh. She urged us to keep going. At her firm, they’ve not found a solution that handles the W9/1099 well or completely. She sees it as a problem for small and medium businesses.
It was encouraging to hear we’re on the right track. She did say that 1099s are so time consuming and such a headache, they start working on them for clients beginning in October. So let’s roll up our sleeves for the next 60 days and see what we can do.
Thanks again for being a valuable member of the CrewPay team.
Ever,
David