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Ihor Bauman

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How Workee Converted 50 of Its 3,500 US Trial Users to a Flat $19 Per Month Plan with No Platform Fees (Interview with Founder Ihor Bauman)

Ihor Bauman (Founder of Workee) spoke to Nathan Latka on March 24, 2022.

Workee figures from the interview

Paying Customers (2022)
50
Price per Month (2022)
$19
Total Funding (2022)
$600,000
Trial Users (2022)
3,500
Team Size (2022)
8
“We are helping not all freelancers. We have specific focus on those freelancers that have appointments online. So you can imagine teachers, health experts, coaches, psychologists, therapists, those who have scheduled appointments in a row, like three, five sessions where they consulting people.”
“So far, we are not taking any fees. You can just subscribe for thirty days of trial and then switch to paid subscriptions that is $19 per month, and you are 0% fee from the workee side. Marketplaces, as you know, they are charging for every match they are making. But for our users that are having appointments, for them that doesn't make sense for paying for every session because once they matched, they already have a client.”
“We have so far some challenges in terms of their conversion to paid. Because currently you have only thirty days of trial and then you need to subscribe and some of our competitors they have freemium models so that's why we're also considering to launch freemium and then you will be able to upgrade to the subscription. Why freemium? Because we really see from the market the point that we make money only when you do.”

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Bio

I worked with multiple companies and start-ups worldwide in terms of building strategy, product vision, and operational models. Started my career at PricewaterhouseCoopers (PwC), I have a professional understanding of finance, management consulting, and operations on the different levels of operational units. My experience is also backed with 5years+ of Agile development experience in multinational service and product software companies. I worked in different roles, such as Business Analyst, Product Owner, and Product Manager, drive international teams and departments. In my work, I do like challenges and always preparing backup plans for different scenarios. I am motivated by actual results and believe - the main asset of any company is people.

Company

Workee

Lewes, United States · Founded 2021

Revenue
$1.2M
Funding
$600K
Team size
20
Customers
50

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