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Kim Garst

๐Ÿ‘ค Speaker
171 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

overall it's working beautifully and you know from the standpoint of having continuity programs the biggest as many people know or have heard maybe you know retention is always such a big problem for us and for anyone with a continuity program so we work really hard to retain our customers and

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

On average, our members stay with us about 5.4 months.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

Correct.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

And so that gives us basically an average customer value of about $263.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

It costs us about, a customer acquisition cost is about 67.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

So our ROI is still like 392%.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

Facebook ads.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

So just to give you, I'm so glad you asked that question because Facebook ads are something I kind of drug my feet on for the longest time.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

We've really only been deep kind of

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

all in on Facebook ads for about 18 months.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

And considering I have had an online business and been active on Facebook for a lot longer, that's not that long, right?

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

About 18% of our traffic is all organic.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

And we use, so for those who don't have a major budget for advertising, Facebook, Pinterest, Instagram, wherever you want to advertise, Google AdWords,

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

I'm just here to say that you can absolutely drive traffic and get a return.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

It may not be as much, but for us, for example, about 18% of our traffic comes free, totally free, using social media.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

And then the other 82% is Facebook ads.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

And the last time we bespoke, Nathan, was really, even though it was about a year ago, we hadn't been using Facebook ads a ton at that point.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

And I think our list was about...

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

And our list is now 187,000.

SaaS Interviews with CEOs, Startups, Founders
EP 458: 1200 Pay Her $47/Mo, Will do $2M This Year with Boom Social CEO Kim Garst

And I attribute much of that to Facebook ads.