Monday
NewsBlurb is Profitable: Let’s Learn From Them
With all this Web 2.0 talk and the whole “get more users” thing sort of coming to a close due to the fact no one is making money off of millions of users, it’s nice to see a startup making money. Here’s the excerpt from Blurb’s press release:
“Blurb, the creative publishing platform, today reported a year of record growth in 2008 with revenues approaching $30 million. The company reached profitability and achieved nearly 200% year-over-year revenue growth in 2008.”
Blurb, a site that lets users publish their own book (read more at KillerStartups.com), is a prime example of what a startup should be like. Would you rather have something you can’t monetize, or something giving you 30 million bucks a year? I’ll take the money, thank you.
Is the success due to the holiday season? No. Eileen Gittins, the company’s CEO, got interviewed by ReadWriteWeb and she stated that projections for January where overshot by almost 30%. This is good news for Blurb, as it proves its success was not due to the holiday season.
So, what’s there to learn for startups? First off, you need a business plan. Blurb couldn’t have done what it did without one. Also, you need to target a market with people who are willing to pay for the service. Getting a huge user base isn’t what it was two years (even six months) ago. Let’s all learn from Blurb and congratulate them on their amazing success story.
Post Tags: blurb, book, make, own, profitable, startup
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