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Ferris Speddy

๐Ÿ‘ค Speaker
204 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So I would say if you include the soft committed, didn't actually put the money in yet on day one, that was probably a third.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

We have 10 full-time and two part-time distributed across five countries.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

How many engineers?

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

About half the team.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So half the team is on the marketing side, I would say, and half is on the engineering side.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

And it's a good mix, but we're still growing.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

Oh, yeah.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

I mean, we're lucky if we're keeping at this point for yearly subscribers, like 30, 40% over a year.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So it's not very good compared to when I speak with other apps.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So that's something we're continuously focusing on improving.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

It's another reason why the yearly subscription is very valuable as compared to the monthly, just because getting someone to pay 12 times compared to once.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

We want them to pay multiple times on the yearly plan, obviously.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

And that's what we're focusing on.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

Yeah, so we actually don't spend that much on paid advertising right now.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

That's a channel that we're looking to expand on, so that way we can throttle that.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So if we have our yearly subscriber, for example, $180, if we can get the cash...

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

immediate payback, that'd be fantastic.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

That's something we're looking to scale up.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

We've seen just from initial testing a CAC around 100, 150.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

I'd like to get that lower.