In your own words, what does your company do?
Audivita Studios is a podcast and audiobook production company.
📈 Monthly revenue: $75,400
📈 ~% Churn: N/A
📈 ~% Net profit: 1-2% of revenues
📈 Funding: Debt financing, SBA Term Loan
📈 Initial cost/investment to start the company: N/A
📈 Number of team members: 12 approximately
📈 Number of founders: 2
📈 Started 2017, January
How does the company make money?
💰 Production fees, podcast advertising
💰 Podcasts $3,000 start-up plus $350-$,1000 per episode
💰 Audiobooks. From $.09 to $.10 per word
💰 Distribution Set up – Audiobooks: $350 flat fee
💰 Studio Rates from $75 per hour
💰 Video & Social Media Services – variable
3 strategies that have worked to attract and retain customers?
✅ Word of Mouth and Referrals
✅ White Label Relationships
✅ LinkedIn Targeted Messaging & Association Memberships
3 things that you’ve learned about hiring and retaining great talent?
✅ Provide autonomy in their area.
✅ Operate with clear communication and transparency on all fronts.
✅ Cultivate a respectful, loving culture, and remember that your team members are total people, not just workers in your Company.