Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Jose Cayasso

๐Ÿ‘ค Speaker
106 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

the majority of our customers.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

But then we realized that most end users don't need to present on a regular basis.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

So when we started switching and developing features to serve businesses, that's when we started seeing much more significant growth.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

Exactly.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

So we were able to bring that churn down from somewhere between the 15% range to actually negative churn on our most recent user base.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

Oh, your customer churn.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

So it ended up being around 3.5%.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

You know, we tried, we call it the half measures.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

So we tried the half measures from, you know, offering more features, like discounting the price and so on.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

And, you know, that stuff, you know, helped move the cherry needle a little bit, but it didn't really make any significant changes.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

When we saw, and then one of the problems we found was that our product, at that point, our product was priced at $29 a month.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

So actually increasing the pricing was what helped our churn drop significantly.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

And by increasing the pricing, I mean shifting to a different type of user and changing the business model by offering this one-time presentation option so that people that don't need a subscription don't have to subscribe one.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

And then keeping the subscription and the premium value only for the people that really need it.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

So we run around 2,500 businesses.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

Yeah, that's right.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

So I'm originally from Costa Rica, and then I like to think that I'm not a big fan of outsourced teams, and I'm not a big fan of remote work.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

I don't think that that works significantly well.

SaaS Interviews with CEOs, Startups, Founders
745: At $1.5m Revenue, Is This The New PowerPoint?

I still believe that in-office collaboration is the best.