Operating a business in 2018 without a website is unheard of. Virtually every customer conducts research prior to making a purchase and your web presence is among the first stops they make.
Weblium is a website builder helping small businesses create custom websites at a fraction of the cost of competitors. Their software helps companies create website structures, custom designs, SEO content, and more, all with no coding or copyrighting background needed.
How much is Weblium doing in ARR?
Weblium is both a SaaS and professional service agency combined and charges its customers on an annual subscription basis. At present, the company charges $120 for one year of support and offers a la carte services as well.
According to CEO David Braun, the company is currently doing $425k in ARR and is growing revenue 250% month over month. Launched just seven months ago, the business is already serving 3,250 total customers and is adding 600 new customers each month.
What is Weblium’s churn?
Founded in late 2017 and with annual up-front billing, Weblium has let to churn any customers. On the other hand, the company offers a 30-day money back guarantee and has a 0.5% refund rate at present.
Overall, Weblium has been able to acquire customers through their relationships with large banks throughout Europe. The company subsidizes initial website creation on behalf of these institutions and then subscribes the customers to monthly plans. With a minimum LTV of $700 over 5 years, the company is able to acquire these customers for a $400 website creation cost.
How much has Weblium raised?
Due in large part to Braun’s $100M exit of TemplateMonster, Weblium is an entirely bootstrapped entity. The company has grown to 51 total full-time employees thus far, but has not reached profitability. According to Braun, Weblium is burning $85k in cash each month.