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Danielle Morrill

๐Ÿ‘ค Speaker
202 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Even though we're three years in, we actually don't know because our product has changed a lot and our customer base has changed a lot.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So like, I want to say 80% of our customers were acquired in the past 18 months, right?

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So we don't have, not everyone has turned over on a year yet.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So I think what's really important is to find other leading indicators before churn, because churn will actually be massively laggy.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So we really look at user engagement metrics to help us understand, you know, are we having regular touchpoints with these customers?

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Are they logging in?

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Are they using the key features?

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Because by the time they churn, it's too late.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Too late.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Now we have to go back and win them back.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

It's a ton of work.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

And then that's when your inside sales team doesn't scale.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

Right.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

And if you tap them, the good news, and we've seen this, is the churn does go down because these are the things that actually matter.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

People don't make a churn decision on the date of their renewal.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

They don't say, oh, I'm not going to use this anymore.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

They already decided.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

They decided months ago when they stopped using it.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

I mean, I think it may be higher.

SaaS Interviews with CEOs, Startups, Founders
EP 318: She Threw Away Old Company, Now Doing $3.3 Million/year, $18,000,000 Raised With MatterMark.com

So we have a really substantial amount of early customers upselling now to do an enterprise plan that's like more of a six figure range.