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Charlene

๐Ÿ‘ค Speaker
155 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

Most of our clients are startups or entrepreneurs.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

So churn is something that we anticipated from the start.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

Trying to turn it down is to have a great onboarding from the start.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

We realized that the people are seeking not only for a technical solution, but also for marketing support and business support.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

And sharing our experience of marketplace businesses is something really essential in the whole strategy to turn down the churn, actually.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

They churn.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

We have two types of people churning.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

Most of them churn because they realize they don't really have time to manage their customer acquisition.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

We told people to start with acquisition of vendors on their marketplace because this is the easy way to do it.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

And they realize that it's a lot of effort and time to dedicate to this task.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

And they just get scared.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

So we have to accompany them on that point.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

And all the people just don't find what they were looking for.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

what they need in the solution.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

But it's not really... We're trying to have a lot of feedback when people churn.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

And what we've heard is that as we were on the early stage, maybe we needed to have more technical support on the solution.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

So we started working on that during summer.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

And now churn is essentially when people just...

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

can dedicate the time and the right amount of human resources on the marketplace project.

SaaS Interviews with CEOs, Startups, Founders
1264 Why Marketplace DIY Tool CEO Wants to Raise $500k on $3M Pre Money

Yes, of course.