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Aaron Carr

๐Ÿ‘ค Speaker
135 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

So all in direct advertising costs are between five to seven K Canadian a month.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

We get per month, 50 to 60 reasonably qualified leads in the form of demo requests and free trials.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

Okay.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

And how many convert to paid?

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

We're converting about five customers a month, five paying customers a month.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

So last year we calculated churn at about 16% on an annual basis.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

This year it's coming in below that.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

Like it's sort of in the 10 to 15 range.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

Like we're losing less than an account per month.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

Um, so we've only been around for, as I mentioned, three and a half years.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

So we don't really have full visibility on long-term, uh, churn trends, but based on those numbers, we're seeing accounts last like up to five years.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

Um, and certainly we do have accounts.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

Our oldest account is like since the inception, like we got a number of accounts that are three and a half years.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

We're trying to get there.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

We're actually just about to embark on a pricing and upsell strategic review to figure out what services can we append or what upsell packages can we add into the mix.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

Right now, upsell is more just as our customers grow and add more employees, they subscribe to more seats.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

We do see that consistently that there's a natural occurring revenue growth

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

As the economy improves and as things rebound in particular, they hire more.

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

Sorry, can you repeat that?

SaaS Interviews with CEOs, Startups, Founders
HR SaaS Hits $500k ARR Helping Teams Give Rewards to Employees

Yeah, it's about 20 to 25%.