FixYa.com "almost cash-flow positive"

CEO Bensadon says revenue growing about 25% per month


Entrepreneur interview by John Shinal
October 14, 2008 | Comments (0)
Short URL: http://vator.tv/n/442

1558

When Yaniv Bensadon founded FixYa in 2005, the crowdsourcing support site was dedicated to helping users fix problems with their electronic gadgets. 

Since then, it's expanded to include everything from cars to appliances.

Traffic to the site, which gets 10 million unique monthly visitors, is growing 12% per month, while revenue is growing at twice that rate, Bensadon says.

FixYa.com generates revenue from advertising and from premium services that charge users between $10 and $20 to get their problem fixed faster by pre-screened experts. 

Whereas most of the problems submitted to the basic service are anwered within 12 hours, premium users get answers within an hour, according to Bensadon.

He's now launching FixYa SMB for merchants and small businesses, which can use it to configure a branded site for customer support. The service is free and used to generate more traffic.

"It's a distribution channel," says Bensadon.

Large electronics retailers, including Best Buy, also use customized versions of the site for some of their customer support needs.

The company is "almost cash-flow positive," and Bensadon expects to hit that financial milestone by year's end.


Related companies, investors and entrepreneurs

Plogo_fixyainc-tech-support-manuals--troubleshooting-for-consumers_fixya_logo_800
FixYa,Inc.
Startup/Business
(3 ratings)
2387 views
Description: Normal 0 false false false EN-US X-NONE X-NONE ...
90_70_default_profile_pic
Melissa Zambrano
Executive Assistant...,
FixYa
6873
Mansha Thapa
Evangelist,
FixYa, Inc
90_70_default_profile_pic
Dana Oshiro
Marketing Director,
FixYa

0 comments

Courses are developed to give you the tools and expertise you need to rapidly scale your business.

Latest company updates on Vator.tv

Bancroft Research Group - Mark Evans (Managing Principal)
Good for all you entrepreneurs who work from home - how to do it without going ...
See more 40 minutes ago
Giftventure.com - Steve Mock (Founder and CEO)
We just cut a deal with Santa. He's moving to Vegas... http://bit.ly/7wFg1z
See more about 2 hours ago
rentcycle - Tim Hyer (Founder)
Rentcycle lands another SF client, Big Swingin' Cycles! Check out the homepage: http://www.bigswingincycles.com/
See more about 4 hours ago, 1 thumbs up
Neputation joined the competition "Vator Splash Competition", vote for them! about 4 hours ago
Thumbtack.com's data was edited about 5 hours ago
© 2009 Vator, Inc.