INNOVATORS VS COVID 19

Erik Khachatryan of GlobalR Tells Us About Its Domain Registry Services and the Impact of COVID-19

Published

3 years ago

10/27/2020

Kokou Adzo

First of all, how are you and your family doing in these COVID-19 times?

Erik Khachatryan: Well, everything is pretty ok for now. Fortunately, no one from my family was infected. We keep the social distance and use masks etc. So, everything is fine.

Tell us about you, your career, how you joined GlobalR.

Erik Khachatryan: So, I was an assistant to the founder of the company. As I had a financial background, I was offered to handle the position of the CFO of the company, and later on, I was offered the CEO position.

How does GlobalR innovate?

Erik Khachatryan: GlobalR is a startup involved in the internet domain names business. We are some kind of connecting point between lots of country-code domain registries and resellers. Our software is designed to meet all requirements of domain reseller companies.

How the coronavirus pandemic affects your business, and how are you coping?

Erik Khachatryan: Actually, our revenue raised during the pandemic as people started to go more digital. Lots of online shops were opened, for example. This digitalization led to more domain registration, and as our partner resellers were increasing their revenue, our revenue also increased.

Did you have to make difficult choices, and what are the lessons learned?

Erik Khachatryan: Well, the most difficult choice was are we going to continue the same way or do we need some adjustments, maybe new products/services to offer as at first months of COVID-19 we had some losses, but we decided not to change anything in our strategy, and it was a right decision as we finally have increased our revenue.

How do you deal with stress and anxiety? How do you project yourself and GlobalR in the future?

Erik Khachatryan: I think that every entrepreneur should be ready to stress and pressure no matter what kind of pressure it will be. I love to learn about other entrepreneurs and their story, and I’ve seen that they face much more hard situations, so I thought myself that it can even worse, and I just tried to be optimistic, which eventually led to good results.

Your final thoughts?

Erik Khachatryan: My thoughts are more kind of advice to all the entrepreneurs out there. I’d advise them to just keep doing what they’re doing and always count on the market and data rather than making decisions based on different arguments and always think long term.