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Jeff McQueen

๐Ÿ‘ค Speaker
270 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

You know, for Americans, probably that we're in a college town.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

And so for Americans, I describe it as like Ann Arbor by the sea.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

So imagine a top tier college town that just happens to be on, you know, beautiful beaches with a cost of living that allows people to, you know, be able to walk to the office and that sort of thing.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

We don't disclose exact customer numbers, but we're in the thousands.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

We have negative net churn on a revenue basis.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

If we didn't sell another dime of new MRR today, in 12 months from now, we'd be another 10% bigger than we are.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

Exactly.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

And what's interesting as well is looking back through some of the cohorts, we've seen 20%, 30%, 40% expansion over the first 12 months.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

And that's almost all organic.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

Our team right now is, frankly, focused very much more on client success through implementation, training, support services.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

than it is around renewals, upsell, or any of those classic levers.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

So we're not doing anything.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

In fact, we're almost being negligent about trying to drive those numbers even higher.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

It ends up being about 10% a year.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

Yeah.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

And I mean, that's like a super aggregated group.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

Um, what's interesting is as a bootstrapper and you'd probably appreciate this from, you know, your own experiences and talking to folks, um, you know, the product that you had when you sold someone on it two years ago was a much more inferior product than you have today.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

And so, um, so yeah, certainly it's, it's good and trending in the right direction.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

I don't have that number off the top of my head, but it's not huge.

SaaS Interviews with CEOs, Startups, Founders
888 SaaS: How To break $480k MRR by Focusing on 1 Vertical

We break our customers, and that's an interesting insight in terms of levers.