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

David Stewart

๐Ÿ‘ค Speaker
252 total appearances

Appearances Over Time

Podcast Appearances

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

And so we were constantly looking for those things.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

And thankfully, we've made some significant changes in that area.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

So we're seeing a massive improvement in retention just by the virtue of selling different client types and by allowing our sales team to really just focus all of their time and energy there.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

The sales team is also spending a lot of time servicing those clients.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

So we were able to offload that and then even offload it to automation.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

So that has really allowed us to just spend our time on the highest value items.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

The lifetime

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

value of the client is really important in our company.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

Naturally, we're in a reoccurring revenue model.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

And so if we can get somebody to stay with us for 10 years, that's worth way more than even just a higher revenue client for one year.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

And so we're seeing higher retention also for us claims.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

Like, so if we do home and auto insurance, if someone has a claim, we're happy to service them and support them.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

Also, that costs our partners, the insurance companies, money.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

So we're seeing lower claim volumes, lower cost claims because we have more ideal client types.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

So with that, we've really focused on referrals as well.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

And so lower cost for acquisition.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

We're getting referrals from our ideal clients.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

So those are some big ones.

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

Also, our team is just happier because they're not dealing with...

The Action Catalyst
Scaling With Purpose: An Action Catalyst Panel (Business, Leadership, Growth, Technology)

Those clients tend to complain more, cause more drag, and are not providing the most value.