Confused..?
James - I’m trying to reconcile several marketplace numbers you’ve shared publicly here.
Could you provide the actual marketplace funnel?”
1. Total number of registered experts
2. Number of monthly active experts
3. Number and percentage of registered experts who have ever received at least $1 in payment
4. Percentage of applicants who ultimately receive a paid engagement
5. Median monthly earnings among experts actively seeking work, including $0 earners
6. Median monthly earnings among experts who receive at least one opportunity, again including those whose opportunities don’t convert
7. Median time from registration to first paid engagement
You’ve said Ethos is adding roughly 35,000 experts per week, receives tens of thousands of applications for each opportunity, and has paid experts more than $20M YTD.
You’ve also said that experts on Ethos earn an extra ~£4,500/month on average, with the top 10% earning £7,000+/month.
Those numbers may all be accurate, but without the underlying denominators, the earnings claims are difficult to interpret. In particular, “average expert earnings” can mean something very different depending on whether the population includes everyone seeking work or only people who successfully obtained paid engagements.
Thanks!