Sub Club by RevenueCat · 2023-11-29
How Ladder Cracked TikTok and Grew 500% — Greg Stewart, Ladder
Ladder CEO Greg Stewart on growing a strength training app: coach micro-influencers on a 50/50 revenue split reached $1M ARR; a failed Facebook push exposed a $60/month price and weak activation, fixed via interviews and a Van Westendorp survey ($29.99). TikTok became the engine: running coaches' accounts from raw footage, Spark ads on organic winners, and a web quiz with pixels on answers. Also payback-period management, annual plan (0 to ~30%), team chats, and 9,000 to 50,000+ subscribers in 2023.
Play the episode25 tactics
Numbers mentioned
| Who | Metric | Value | Context | When |
|---|---|---|---|---|
| marketAmericans who work out at a gym | market size | 65M people approximate | 2:20 | |
| aggregateLadder's early micro-influencer coach partners on Instagram | followers | 10K–100K followersper creator approximate | Mostly 10K-50K, some up to 100K Instagram followers | 3:35 |
| Ladder | commission rate | 50% | Early coach revenue share: every dollar split after Apple's commission | 6:51 |
| Ladder | arr | USD 1M approximate | Reached mainly through coach-driven organic Instagram | 4:26 |
| Ladder | cost | USD 50K/one-time approximate | Kettlebells and dumbbells bought during the COVID equipment shortage for a trial-gated store | 15:01 |
| Ladder | price | USD 60/month | Launch price, including 1:1 chat with the coach | 20:19 |
| Ladder | ad spend | tens, if not hundreds of thousands of dollars estimate | Facebook paid spend over ~3 months in 2021 (host's guess) | 22:53 |
| Ladder | activity volume | 100 conversations approximate | Founder interviews with trialers from Facebook ads who didn't pay | 19:54 |
| Ladder | count | 500 responses approximate | Van Westendorp price survey responses across segments | 28:11 |
| Ladder | price | USD 29.99/month | New monthly price from January 2022 (survey clearing price ~$29); no 1:1 coach chat | 1:01:50 |
| Ladder | team size | 13–14 people approximate | 31:41 | |
| Ladder | team size | 15 people approximate | 1:13:04 | |
| Ladder | count | 3 pages | AI-written exercise how-to pages that reached Google page one within 60 days | 33:51 |
| Ladder | followers | 250K followers approximate | TikTok account run by Ladder for a new coach, reached ~45 days after starting, using only existing raw footage | 37:51 |
| Ladder | views | 1M viewsper video /week approximate | Weekly million-plus-view TikTok videos on the coach account | 37:51 |
| Ladder | users | 1M people approximate | People who went through the web onboarding quiz over the last 1.5 years | 10:49 |
| Ladder | share | 33% approximate | Share of daily quiz leads asking for traditional bodybuilding (mostly women) before Ladder had such a program | 11:12 |
| Ladder | conversion rate | +-50% approximate | Conversion of leads wanting bodybuilding vs other leads (half) while no bodybuilding program existed | 11:12 |
| Ladder | share | 3 direct App Store installs for every 1 quiz completer approximate | TikTok-driven users who screenshot the ad and go straight to the App Store instead of the tracked web quiz | 55:39 |
| Ladder | ad spend | +5–8 x approximate | TikTok growth budget scale-up while quiz-based decision rules kept holding | 56:52 |
| benchmarkConventional Facebook-derived rule for daily ad set budget increases, which Ladder ignored on TikTok | ad spend | +30%/day approximate | Maximum daily budget increase per ad group/ad set under the rule | 54:10 |
| marketTikTok users in the US | users | 170M people approximate | Americans on TikTok most days (as stated) | 53:44 |
| Ladder | payback period | low single-digit months approximate | Gross payback on TikTok acquisition after Apple, RevenueCat and variable commissions | 58:55 |
| Ladder | count | 16K reviews approximate | App Store reviews mined for customer language (almost 16,000) | 41:58 |
| Ladder | share | 20% approximate | Share of new paying members choosing annual after adding a side-by-side monthly/annual choice at ~$19.99/month equivalent | 1:00:32 |
| Ladder | share | 30% approximate | Share of new paying members (at end-of-trial paywall) choosing annual after lowering it to $14.99/month ($179/year) | 1:01:28 |
| Ladder | price | USD 19.99/month | First annual plan price, per-month equivalent | 1:02:17 |
| Ladder | price | USD 179/year | Current annual plan: $14.99/month equivalent, 50% off monthly | 1:02:17 |
| Ladder | paying users | 9,000 subscribers approximate | 1:13:56 | |
| Ladder | paying users | 50K subscribers projection | Expected year-end 2023 figure ('north of 50,000'), said in late 2023 | 1:13:56 |
| Ladder | growth rate | +500%/year approximate | Host's summary of 2023 paying-subscriber growth (9,000 to 50,000+) | 1:14:19 |
| Ladder | retention | top of every chart approximate | Monthly retention vs RevenueCat's subscription app benchmarks, overall and for the vertical | 1:04:12 |