How David Tabachnikov Built Scholarship Owl to $6M ARR
ScholarshipOwl offers students a comprehensive scholarship application system with personalized matches, helping them save time and focus on relevant opportunities, while also enabling brands and organizations to connect with students.
Scholarship Owl Revenue
About The Scholarship Owl Founders
Who is David Tabachnikov?
David Tabachnikov is the founder and CEO of Scholarship Owl. David is an experienced CTO/R&D manager with over ten years of experience in leading tech teams. Before starting Scholarship Owl, David worked full-time as a senior web engineer at Google.
About The Business
What problem is Scholarship Owl solving?
Cost of education is rising, requiring more students to seek financial aid and scholarships.
Idea
How did David Tabachnikov get the idea for Scholarship Owl?
David recognized the financial hurdles many families encounter in affording education in the US. Consequently, he took the initiative to create a blog aimed at providing valuable assistance to millions of students seeking to pursue their education in the US, helping them access a wide range of suitable scholarships. As interest in his initiative grew, he launched a premium SaaS product to help students match with suitable scholarships.
Build
How did David Tabachnikov build the initial version of Scholarship Owl?
Scholarship Owl started as a blog offering advice on obtaining scholarships. David used the blog to grow his email list. When he reached over 10,000 subscribers, he redirected his efforts towards creating a paid membership software as a service (SaaS) platform to help students apply for scholarships.
A snapshot of Scholarship Owl in June 2015
Growth
What is the growth strategy for Scholarship Owl?
David obtained initial customers through email marketing by targeting an existing email list he had built using his blog. Producing quality content helped him grow his business quickly.
He also leveraged organic content posted on social media platforms and PPC ads to gain customers.
ScholarshipOwl Actively Engaging Twitter audience
Pricing
How does Scholarship Owl price their products?
ScholarshipOwl offers four membership options:
- Monthly: $20 per month
- Quarterly: $45 for three months
- Half-yearly: $60 for six months
- VIP: $69 per month, which includes extra scholarship help
Pricing as at May 2024
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52Frames is an online photography community that started as founder Yosef Adest's passion project, which grew into a successful business with over 3,000 photo submissions weekly and 700 paying members after ten years of incremental growth and centred around community building, organic word of mouth, and delivering value to customers.
More about Scholarship Owl
Who is the owner of Scholarship Owl?
David Tabachnikov is the founder of Scholarship Owl.
When did David Tabachnikov start Scholarship Owl?
2015
What is David Tabachnikov's net worth?
David Tabachnikov's business makes an average of $500K/month.
How much money has David Tabachnikov made from Scholarship Owl?
David Tabachnikov started the business in 2015, and currently makes an average of $6M/year.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
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