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Jay Gibb

๐Ÿ‘ค Speaker
120 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

Like over 5% per month.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

Okay.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

Um, and our, um, you know, uh,

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

MRR per customer, like our ARPA was 25 bucks.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

It was pretty bad.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

So we made a decision to just increase the price, increase the quality of the brand and the product.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

And now we have fewer customers than that.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

Today we've got about 350 customers or so.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

But our lifetime value is five times higher.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

Our churn rate is way better.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

What's the churn today?

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

A net, net MRR turns about 1% per month.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

Unfortunately, about the same.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

We've been pretty flat for the last couple of years.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

And that's my challenge right now is to get off that hump and to figure that out.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

Why do you think it's flat?

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

Individual sales, like selling individual companies rather than looking for those one-to-many sales and looking for those platform partnerships and agency partnerships, people that can sell us in bundles and into larger groups of customers.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

So we're starting to put a lot more energy into that right now.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

So those are, that's a blurry line for me.

SaaS Interviews with CEOs, Startups, Founders
1565 Why CloudSponge CEO Thinks Killing Agency for SaaS Is Actually Bad

We have an elastic, there's seven people from the agency who participate in CloudSponge in any given year.