How Undergrads Tripled Revenue Its First Year and Launched a 200 Person Moving Company
Find out how Thomas Mumford and Chris Dyer, co-founders of Undergrads united to create a 200+ employee student-powered moving company that’s killing the ads game spending up to $20K a month on Facebook and Google
Founded in 2017, Undergrads is a labor-only, local residential moving service staffed by trained university students. It uses a platform that lets customers submit moving job requests that students can accept and perform at a mutually convenient time.
Prior to co-founding the company, Thomas Mumford served as a Project Manager at EY CAAT which sells a technology solution that facilitates accounting and tax calculations for cryptocurrency transactions. He earned his BS in Industrial Engineering and Business Administration from Clemson University.
Co Founder, Chris Dryer previously served as the Business Operations Manager of Corkcicle and a Solutions Engagement Supervisor at UPS. He also earned a BS in Industrial Engineering from Clemson University.
KEY TAKEAWAYS
- How they bootstrapped their way to tripling revenue their first year.
- Why you should hold off borrowing as long as you can -- and what basic lending principal makes this their go-to 0% credit card
- How they can get into new markets for $0 down just by launching a new ad campaign.
- What lets them turn $1 of ad spend into $7 to $8 the first day of the campaign.
- What they’re going to spend the $250K in funding on that they hope to raise in order to expand from 5 to 9 markets. (It’s NOT technology).
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