Rick Radics, CEO of meeting.
Welcome on the business free.
Thank you Ryan. Great to
be here. It's exciting to have you Rick.
The company has been around since 2003,
initially providing web based
services to small businesses.
But this year you've decided to
launch your video conferencing
services meeting directly,
competing with the Giants like
Zoom and Microsoft Teams.
First off, tell us more about
meeting why now and how is the
business doing so far. Well,
meeting is a video meeting service.
We do small meetings and large meetings
up to 10,000 attendees per meeting.
And so yeah, we're competing against the
big boys and and so that's a lot of fun.
But as long as we stay focused on our user
experience and give customers a better
experience than we can, we can compete.
Yeah, and hopefully the as is
your building in the business for
things or are things moving in a
direction that you you think are
are positive at this point.
Oh absolutely, we're getting customers.
They're loving it.
We're recruiting affiliates to help
promote in that way and and and.
And again, really,
there's all about the user experience,
because and that's that's really what
drives me when I use any kind of service,
and it's not designed right.
It just. Annoys me.
Those kind of people,
and so I I like to make a better
product and so I'm really in on
all the little details of the
design of all of our features.
The global video conferencing market
size is expected to reach over
or close to $10 billion by 2028,
according to Grandview Research,
as remote and globalized working models
are becoming more and more popular,
the move to the cloud is becoming inevitable,
thereby driving demand for
video conferencing solutions.
How does meeting stand out and gain
its share of this growing market?
Well, the key for I think any small
business to compete against larger companies
is to niche and so our niche is small
business owners and small business owners.
For example, it's really important if
you're doing a sales meeting for example,
you need to close that sale.
And so meeting allows you to
integrate your own order page,
for example, or lead generation page
right into the meeting experience.
So let's say you're doing a
presentation to 100 people.
You can pop up your order form on everyone's
system right inside of the meeting room,
and then that's going to make it easier
for people to fill out that form,
because you can continue talking
with them as they're seeing the form,
and then when they're ready,
they can fill out the form.
So that kind of.
Sales conversion is something
that no one else does,
and that allows us to compete
against these larger companies.
Well, let's talk about that competition
a little bit more. Great God,
you're taking on the lights of zoom.
It's David versus Goliath. In a sense.
You report that meeting's claim
to fame is it's easier to use.
It's better quality, audio and video,
and it's more customizable. But zoom.
It's still huge with more resources.
Manpower just about more of everything.
What will it?
Take for you to compete and
what drives you to take on this
challenge. Well, the the key to
competing ultimately is 2 things.
I think staying profitable and
then reinvesting those profits in
developers so we can add more features.
This is a feature driven industry.
Whoever has the best features,
the best experience they're going to gain,
market share, and so that's what we're doing.
We hired 4 developers last week,
in fact, so we are.
We're in the game.
We have a competitive product and we're
adding new features that we think are
really essential to our core market.
The small business owner and so.
So that's how we again compete
against the big boys.
But what drives me again is
just the possibility of it.
I I love creating a better mousetrap.
It's fun for me and and and it also helps
fuel my my other interests in Iran,
a nonprofit also,
and so it's going to help me
do that non profit even better.
As meeting succeeds.
You know what? I also love about
meeting is that your Colorado based.
You're welcome, you know,
and that's that's a difference
maker for a lot of people is
knowing that you're from Colorado.
You're from the US and you're you're
competing in a market we love if you will.
The underdog here in America the
guy or the gal who's fighting to
move forward move up who didn't
have a silver spoon in their mouth
when they were when they were
little or or born if you will, but.
Rather has to fight and work to grow
their businesses and so you know,
I wish you Rick and the team at meeting
the the very best and and all the
success Rick Radics with meeting.
Thanks for joining
us. Thank you, Ryan.