Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Dan McGraw

๐Ÿ‘ค Speaker
149 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

So good job.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

I don't know over the past 12 months.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

It was extremely high until we made the pricing change.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

We basically 8X our pricing, I would say three months ago.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

And we made that switch, our current revenue churn off of that at about 10% per month.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

We still have a huge churn problem.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

Our problem right now is, if you're familiar with the analytics space at all, is if you don't get set up correctly, you churn out quickly.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

I learned this in my days at Kiss Metrics.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

So what we need to do is have a better onboarding program.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

We're actually looking at making it so you can't even sign up until you sit down with one of our reps.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

And we're actually looking at potentially increasing the cost per plan again, once again, by about 10x.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

So even the entry price would be potentially $300 a month.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

Yeah, and we have no interest in going the VC route.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

So we're all about debt financing, keeping equity ourselves, slow and grow.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

And then that way we can obviously capture all the proceeds at the end.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

So we haven't raised anything for this product right now.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

So FN Amazing does have some debt financing.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

I'm not interested in disclosing those metrics.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

But UTM.io will continue to focus on its MRR growth.

SaaS Interviews with CEOs, Startups, Founders
Utm.io Hits 100 Customers, $75k Invested From Agency Biz, Now SaaS Focus

FN will keep funding it out of our current customer pool.