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"Within two weeks of its launch in late July, Gigster already had $1 million in sales booked." Can someone walk me through how this is possible? As in, what do
by freshfey 11y ago
"Within two weeks of its launch in late July, Gigster already had $1 million in sales booked."
Can someone walk me through how this is possible? As in, what does a company like Gigster focus on to reach sales so quickly?
- bitslayer 11y agoWhat does a company like Gigster focus on to reach sales so quickly? Andreessen.
- zupa-hu 11y agofake it till you make it
- jevgeni 11y agoI'd double check what it is meant by "sales booked": is it any different to "sales executed"? If the product they are selling is paid in, say, instalments in the future, or if there is any contingency on the payments, there is a way to inflate your sales numbers by playing with your payment projections and assumptions.
- chkuendig 11y ago"booked" means you sold something but haven't produced or delivered it yet. but in consulting/services you can't realize sales as "real" revenue until you actually delivered the services.
- allsmiles 11y agoThis isn't Roger Dickey's first time starting a business so that certainly helps. Estimating the cost of their service to be around $5k, to reach $1 million in sales would mean 200 apps shipped. That seems like a reasonable feat as long as he plays his cards right.
- woah 11y agoI don't think it even means apps delivered, started or even necessarily paid for. I'm guessing that a number of people who could optimistically be presumed to represent this amount of sales signed up.