Interchange Fees (Houzz Mastercard Credit Card)Īnother way Houzz makes money from their credit cards is off of the interchange fees. Oh which, Houzz takes a 15% seller’s fee for every product sold on its marketplace. In addition to subscription and interest revenue, Houzz also makes money by taking a fee, or commission, from every item sold by a third-party seller on their marketplace.Īlthough Houzz does not disclose how much gross merchandise value (GMV) they transact year over year, Houzz does have about 10 million products listed across more than 900 categories from 20,000+ merchants on their marketplace, per reports. 26.49% to 28.49% APR depending on which Houzz credit card.Which you can see how much their APR is for both, below.
Houzz logo full#
Of the two (2) credit card products Houzz offers, Houzz Mastercard and Houzz Credit Card, one offers interest-free purchases if paid in full within the promotional period of 6 to 12 months. Houzz also makes money from the interest they collect on their issued credit cards to Houzz customers. Interest Revenue (from Houzz’s Credit Cards)
Houzz logo pro#
Note: There are more than 3+ million contractors paying to use the Houzz Pro software.
Houzz logo plus#
Meaning, that they are all paying at least $65 per month – plus any additional users added on (if any). You can see the pricing below.Īccording to Houzz, there are more than 3+ million contractors and design pros using the Houzz Pro software. One of the ways Houzz makes money is through the subscription service they offer to the contractors and design pros on their platform.įor these professionals, Houzz offers four (4) paid subscription tiers Starter, Essential, Pro, and Ultimate. All of which provides an all-in-one tool for marketing, CRM, and project management each offering its own set of additional perks like marketing solutions, dedicated customer support, additional users, and more – depending on the subscription plan they choose. Houzz has a revenue model that makes money in five (5) ways from subscription revenue (Houzz Pro), interest revenue from their credit card products, seller fees from third-party sellers, the interchange fees they collect from their Houzz credit card transactions, as well as additional credit card fees (transactions and penalties). Here are the 5 ways how Houzz makes money in 2022 Including all revenue streams and how much they charge for their services. So how does Houzz make money off of all these users and contractors?īelow is a breakdown of how much money Houzz makes and its revenue model. Source: Apple App Store | Houzz How does Houzz make money?Īccording to Houzz, Houzz has more than 65 million users and 3 million+ contractors on the platform. Some of Houzz’s competitors include Angie’s List, Thumbtack, Wayfair, and other home improvement marketplaces. Once there, you can do things like search for home design ideas, shop for products, and hire professionals to do the job.
Houzz logo download#
So, how does Houzz work? To use Houzz, simply download their mobile app on the Apple App Store or Google Play store, or visit their website. Houzz is an online platform to get ideas, find professionals, and shop for home improvement, remodeling, architecture, interior design, and more.įounded in 2009 by Adi Tatarko and Alon Cohen, Houzz now has more than 65 million users and 3 million+ contractors on the platform. How does Houzz make money? Well, here is a full, in depth, breakdown of their five (5) revenue streams and the different products and services they offer, as well as the Houzz business and revenue model, how much money Houzz makes per year, and how Houzz works. Houzz funding, net worth, and valuation.What is the Houzz business and revenue model?.
0 kommentar(er)
