Sharpspring Inc's Corporate Customers have recorded an increase in their cost of revenue by 12.93 % in the 2 quarter 2021 year on year, sequentially costs of revenue were trimmed by -27.68 %. During the corresponding time, Sharpspring Inc recorded a revenue increase by 11.49 % year on year, sequentially revenue grew by 1.46 %. While revenue at the Sharpspring Inc 's corporate clients recorded rose by 37.07 % year on year, sequentially revenue fell by -19.69 %.
Sharpspring Inc's Customers have recorded an increase in their cost of revenue by 12.93 % in the 2 quarter 2021 year on year, sequentially costs of revenue were trimmed by -27.68 %, for the same period Sharpspring Inc recorded revenue increase by 11.49 % year on year, sequentially revenue grew by 1.46 %.
Sharpspring Inc's Comment on Sales, Marketing and Customers
The majority of SharpSpring customers are digital marketing agencies. A digital marketing agency is a firm that specializes in helping clients, usually small or mid-sized businesses, with their digital marketing initiatives like websites, email marketing, search engine optimization, social campaigns, pay-per-click advertising and other digital lead generation activities. We have built special tools in the SharpSpring application to allow agencies to manage their clients on the platform and optimize their efforts across their portfolio. We also have special pricing to agency customers to allow them the flexibility to resell the platform at a profit and manage their client relationships. In general, when we sell SharpSpring to an agency customer, we provide the agency with a SharpSpring license for the agency to use, plus a 3-pack of client licenses for the agency to deploy to their client base. This agency license and the pack of licenses are generally sold for a monthly recurring fee, plus an up-front onboarding fee. The agency has complete discretion over the pricing of the platform to their clients for the use, implementation, and services related to SharpSpring. If an agency utilizes its pack of licenses and adds additional clients on to the platform, there is a monthly per-client fee charged to the agency based on the number of additional licenses the agency has deployed to their clients. Additionally, we charge customers for certain items if the volume or transactional limits are exceeded, such as emails sent, or contacts stored in the platform. In most cases, we provide support to the agency and the agency provides support to their clients on the platform. However, for additional fees, we can provide product support to the agency?s client directly. Our objective is to partner with the agencies to grow and expand our businesses together using the SharpSpring platform.
Sharpspring Inc’s Comment on Sales, Marketing and Customers
The majority of SharpSpring customers are digital marketing agencies. A digital marketing agency is a firm that specializes in helping clients, usually small or mid-sized businesses, with their digital marketing initiatives like websites, email marketing, search engine optimization, social campaigns, pay-per-click advertising and other digital lead generation activities. We have built special tools in the SharpSpring application to allow agencies to manage their clients on the platform and optimize their efforts across their portfolio. We also have special pricing to agency customers to allow them the flexibility to resell the platform at a profit and manage their client relationships. In general, when we sell SharpSpring to an agency customer, we provide the agency with a SharpSpring license for the agency to use, plus a 3-pack of client licenses for the agency to deploy to their client base. This agency license and the pack of licenses are generally sold for a monthly recurring fee, plus an up-front onboarding fee. The agency has complete discretion over the pricing of the platform to their clients for the use, implementation, and services related to SharpSpring. If an agency utilizes its pack of licenses and adds additional clients on to the platform, there is a monthly per-client fee charged to the agency based on the number of additional licenses the agency has deployed to their clients. Additionally, we charge customers for certain items if the volume or transactional limits are exceeded, such as emails sent, or contacts stored in the platform. In most cases, we provide support to the agency and the agency provides support to their clients on the platform. However, for additional fees, we can provide product support to the agency?s client directly. Our objective is to partner with the agencies to grow and expand our businesses together using the SharpSpring platform.
Sources:
Sharpspring Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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