Tarik Khribech
- CEO at ChoreRelief
GetLatka interview
How ChoreRelief Hit Roughly $50K to $60K a Month Across Both Sides of Its Marketplace (Interview with CEO Tarik Khribech)
Tarik Khribech (CEO of ChoreRelief) spoke to Nathan Latka on September 1, 2021.
ChoreRelief figures from the interview
- Free-to-Paid Conversion (2021)
- About 40%
- Free Trial Sign-Ups (2021)
- 900 to 1,400
- Prior Year Revenue (2020)
- $367K
“Well, two things now. We're not just a marketplace alone. We also offer service management tool for contractors. The way we make money, customers pay us to connect them with local contractors based on their time and availability. We take a transaction cost from there, but also now small businesses are paying us for a subscription based model anywhere from $59 mid tier $119 $249 depends on the size of the team that they have, and it depends on how”
“Since we launched, we launched this last month, we've already closed. The free package came in, we had over nine hundred, fourteen hundred people that sign up within the first month for the free package for the trial. Now we have about a 40% conversion rate that are opt in into the paying subscription.”
“On the both sides, like roughly around 50,000 to 60,000. I don't have the exact number in front of me.”
Bio
CEO is a serial entrepreneur with a successful exit under his belt. He has a master's degree in computer sciences and has spent more than a decade in real estate fixing, flipping, and rental, so he knows the ins and outs of the market.