LifeGuides® Announces New Strategic Partnership Scaling to $3M ARR!
JUST ANNOUNCED: LifeGuides® signs a 3-year strategic partnership agreement with leading Pre-Tax Voluntary Benefits Provider Four Points. This partnership will have LifeGuides® services built into 100% of Four Points sales, which includes 150+ of Four Points’ brokers, plus Four Points’ internal direct sales team. Based in Rochester, NY, Four Points provides employees with a simple digital benefits portal now featuring LifeGuides®. It is impacting an initial 10,000 covered employee families upon launch, with projections showing 70,000 – 100,000 + covered employee families over the term of the three-year agreement.
Key Partnership Highlights:
- Great Pricing Validation: LifeGuides® signs this agreement with pricing that is 25% higher than their current business model.
- High ARR Projections: Partnership projects over $3M in contracted ARR with 70,000 + covered employee families with gross margin on book of business between 70-75%, leaving a contribution margin of $2.25M over the 3-year deal.
- Opening a New Sales Channel: The Four Points partnership provides LifeGuides® a more profitable model to sell to the small group market, specifically under 100 employees, opening up a new channel of sales.
LifeGuides® is Crushing its Numbers – Let’s Talk!
LifeGuides® is currently on its way to surpassing its $3.2M ARR revenue goal for 2022, having already exceeded their $350K Q2 goal by over 30% to date. And, as of June 1st 2022, LifeGuides’ Client metrics show an 85%+ Rebook Rate and a 4.75+ Member Star Ratings (out of 5).
The Four Points partnership is one of several 10X active (closed or expected to close) partnerships or larger accounts, that include Mattel and Kaiser Permanente, expected to scale revenue by 10X from initial launch – see 10X Accounts
Interested? Let’s talk!
About LifeGuides
LifeGuides® is the first Marketplace for Life Experience (“Airbnb of Life Experience”). LifeGuides® is a community certified Guides, who provide guidance in 400+ topics of Personal Growth, Lifelong Learning, or Life Challenges. As one Member stated: “More casual than therapy, more qualified than a friend.”
It is an HR benefit offered by leading employers across all industries. By providing employees with experienced and empathetic support, across the broadest range of “everyday” life events, employees lead happier and more productive lives – both at home and at work.
LifeGuides® is modernizing human support and human connection, which is foundational to wellbeing. The LifeGuides® mission is to grow a community for sharing life experience, wisdom and empathy – with the goal of positively impacting the lives of 1B people within 15 years.
For more information please contact Matthew Sheridan at Matthew@SpotlightFamilyOffice.com.