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Jacob Lenski

๐Ÿ‘ค Speaker
153 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

No, no.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

Lifetime fee, so $97.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

So the important thing about selling lifetime is one, you capture the customer, which then can provide you feedback over the years, right?

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

No, because then you don't have to be worrying so much about churn.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

Does that make sense?

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

Yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

One thing that you notice within sort of the, I guess, early startup ecosystem is one thing that Lifetime provides that I guess a monthly subscription doesn't is, you know, one, when I speak about churn, of course, right.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

When they're paying, let's say a hundred pounds instead of 27 pounds, right.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

That's the four months they're paying up front in a way.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

One that helps you build capital much faster from my understanding.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

And the second thing is right now, when we're focusing on feedback and the early adopters that are happy paying more,

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

Yeah, I completely understand that.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

And I think, you know, this is sort of advice I've gotten from my partners, right?

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

They've started off as a lifetime fee subscription model.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

And eventually they're looking to move to, I guess, a monthly subscription model.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

The benefit of doing a lifetime.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

When I say lifetime subscription, I didn't mean lifetime subscription.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

I mean lifetime deal, and then they're going to move to a subscription model.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

The benefit of doing lifetime, like I said, I'll just reiterate, is because those customers are paying more, they're much more likely to be engaged.

SaaS Interviews with CEOs, Startups, Founders
20 Year Old Sells $15k Lanyards, Now Ecomm Research Tool

Like you said as well, you get that early cash flow, which is beneficial.