Photo - Waylight
62448

Waylight

USA, California
Market: Education, training
Stage of the project: Operating business

Date of last change: 03.09.2024
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Idea

Waylight - is a link in bio tools that help social media entrepreneurs earn more by doing business on social media.

Current Status

Basic info:
- Total platform revenue - $482K (2022 - $1,6K, 2023 - $90,5K, 2024 - $390K)
- Total net revenue - $11K (2022 - $0, 2023 - $1,6K, 2024 - $9.5K)
- Total registered users - 15K
- Total registered business users - 1K
- Total platform paid transactions - 10K
- Average cost of transaction - $50
- Total investments to date - $250K ($90K invested by founders, $160K small Angels investments)

Problem or Opportunity

Getting clients and sales on social media is complicated and needs a lot of expertise and special knowledge.

Setup social media revenue streams take time using separate tools with a cost of ~$150-400 monthly or 10-30% commission fees. However, 97.5% of Social Media Entrepreneur make enough to reach the U.S. poverty line, so it is too expensive for them, and have no teams to set up and manage processes in separate tools.

Solution (product or service)

Helping social media entrepreneurs earn more by doing business on social media with Waylight.

Business model

Choose your plan:

Free
$0 / monthly + 5% transaction fees

Basic
$14.99 / monthly + 2% transaction fees

Pro
$99 / monthly (no transaction fees)
$719 / annually (no transaction fees)
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Idea
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