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Jake Diner

๐Ÿ‘ค Speaker
125 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

It's still too early to pound yourself in the chest.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

But what we've noticed, and this is what they like, is the improvement in the quote conversion rates.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

It's the improvement in the amount of payments.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So one of the things that the chatbots are using, sometimes people call it chatbots,

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So one of the things that chatbots can do, they know how to re-engage people as opposed to the web forums on the website.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So because you close the browser and the conversation is gone.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

But the chatbot, because it lives on the channel which consumer has, so it's SMS channel, Facebook Messenger, or Amazon Alexa, it always can come back and re-engage you and ask follow-up questions and remind you about things.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So we've seen...

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

we're seeing a greater payment collection.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So lifetime value for our customers is increasing.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So some of our customers on average had three or four payments that they were able to collect.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Correct, correct.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So it's called the amount of payments.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

So we are aiming to increase the amount of payments by 25%.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

That's got it.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Correct, correct.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

We help collect more payments.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Art of the Deal.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Uh, six if I'm lucky.

SaaS Interviews with CEOs, Startups, Founders
1307 Insurance ChatBot Increases Quote Close Rate, $20k MRR

Uh, married, have a daughter.