3 New Hires and 2020 Revenue Goals!
Revenue Goal for 2020
As I mentioned in my last update, our monthly recurring revenue in January was about $31,500. We are really excited about that number. It's double our monthly recurring revenue from Jan 2019, and has been built primarily through bootstrapping, and without a sales team or even a dedicated salesperson.
But with the seed funding we received on December 1, we are excited to be able to scale our team faster than we have in the past. By March we expect to about double the size of our current team and will be focused on both growing our traffic to our existing and new sites, as well as our revenue. By the end of 2020 we are aiming to be over $84,000 MRR, which annualized will be $1M ARR. We will do this by focusing on 2 primary things: Growing traffic to our existing and new sites (which will add more advertising inventory), and taking a strategic and systematic approach to our sales with the new team members in place.
New Team Members
Below are 3 key team members that will be joining within the next few weeks that will be helping us do that! In addition, Jen Scott, who is already a part-time member of our team, is going to be joining full time on Feb. 24! She will be focused initially on adding new treatment centers to our sites, which helps us in both expanding our traffic and developing relationships that lead to sales.