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Brad Leeuwen

๐Ÿ‘ค Speaker
240 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So the first thing we did was we decided to overhaul our pricing structure.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So we looked at every single feature that we had, and we took out everything that was for IT.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

We asked ourselves the question, how could we just sell to one buyer?

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

And so we could deal with one champion, one set of objections.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

We took out all the IT features, but they were valuable, and they help our customers a lot.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So we shifted them to a set of add-ons.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

And the interesting thing here for us was we felt that this gave us the opportunity to drive that expansion.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So for people that were already happy with our product and wanted to get more value, we had a roadmap for them to do that that aligned with us getting more revenue from them in time.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

The other thing we had to do is we have 1,000 customers that are all paying us something.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So we didn't want our existing customer base to be cannibalized.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So the other thing you'll notice is we had to design our pricing such that if you got all the same features as you had before, you'd be paying us the same.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So the pricing of the add-ons and the pricing of the plans all ended up adding up to the same place.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

The next thing we did, so it wasn't just about pricing and packaging, we decided to go all in on conversion.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So you would have seen on the previous slide, we added a free plan, right?

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

Our churn is very, very low.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So we believe that we can get a company even earlier than we would normally target them because we know that we add so much value that we can keep them forever and grow with them.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

But it wasn't just about our pricing and packaging.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

We decided to lean heavily into that free plan as a way to drive interest and intrigue.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

So we decided to test different calls to action.

SaaS Interviews with CEOs, Startups, Founders
How to 3x your revenue with 3 simple pricing changes

Previously, our call to action was all about book a demo.