SkillSoniq

SkillSoniq crosses $350K in Gross Revenue in 2019! We are poised for massive growth in 2020 and beyond!

founder @ SkillSoniq

Published on Dec 15, 2019

We spent most of 2016, 2017 and 2018 painstakingly researching our business idea, building multiple versions of our product, scaling up a database of freelancers, and testing our offerings in the market to find the right set of customers. In 2019, we believe our efforts in the prior 3 years have paid off and since market launch in Q1 2019, we are doubling Annualized Gross Revenue (or Annualized Payments) every quarter!

2019 has only re-inforced our belief that there is a huge market need for companies to hire local, freelance talent, quickly and at affordable rates. We now plan to capitalize on our learnings in 2019 to grow rapidly in 2020 and beyond

Our Gross Revenues in 2019 have now crossed $350,000+ at a run rate of $50,000/month, and we are earning Net Revenues at a run rate of roughly $5,000/month. We have also witnessed a high net profit margin of 30% (as a % of Net Revenue). All this in just the first year of market launch in 2019, and by spending negligible money on advertising!

We are poised to capitalize on our learnings in 2019 and double down on our proven sales channels to dominate the local, skilled freelance market in New York in 2020 and launch in other “freelance heavy” cities thereafter!

Liked by Abby Verma, Abhishek Agarwal, Santos Boch , and 11 others