December 9, 2019

CrewPay Whatupdate No. 30

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

• Product update from Matt: https://docs.google.com/presentation/d/16mZ5ZkO12i8ATUGUrrkSbhNnfcBvjN-FmgTFgwJD0hc/edit?usp=sharing

Sales, Marketing & Customer Success Accomplishments & News

• Meeting with April from Zenwork
• More direct outreach
• First conversion from xxx

Revenue & New Clients

• 23 transactions last week (532 YTD)
• $55,051 sent last week ( $1.4M YTD)
• 0 new companies, 0 new contractors
• 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

What I’m thinking about most days at CrewPay is how do we increase our weekly growth rate. In the last month or so, we’ve averaged around 1%. This isn’t bad. It just means we’re still working on finding our growth channels.

• If we can focus on one thing, let’s focus on growing that number.

• If we can get to a 5% growth per week, we’ll grow almost 13x in a year.

• If we can get to 7% growth per week, we’ll grow by more than 33x. And if we reach 10% growth per week, we’ll hit 142x growth in a year.

Soon, we’ll roll out our 1099 service. I believe this will provide an unbelievable value to small-to-midsized businesses.

Ever,
David