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

Leo Bassam

๐Ÿ‘ค Speaker
321 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

converted a couple of them it caught 409 bucks a month so it's like four grand a month there but still i mean that's the trick is like how do you use the initial surge to actually build true recurring revenue so you can build a better and better product over time

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

So what I'm doing right now from the first deal, I use that money to develop Plutio into a level where I can actually start pushing it and compete with other competitors.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

And the users who came from the AppSumo deal, so they first give us funding to do that development and reach that maturity level.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

And two, they give us a lot of reviews, which helps build trust with new customers that we're going to be reaching very soon.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

And it helped build a community, which also shows to new customers that there is something going on with activity.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

So they helped us at a lot of levels, especially at an early stage.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

So now with this new funding, which we did from the last Black Friday deal, we're going to start

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

using it for scaling Plutio and using all the help we got from the AppSumo initially, which is reviews, activities on the community, and feedback on a very early stage product, which was Foggy at the time.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

Yeah, I totally understand what you're saying.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

What I'm saying though is these are essentially like drugs that are like one-time hits and that allow you to put off the idea of thinking about building real recurring revenue for a longer period of time because you can keep going back to this drug.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

And all I'm asking is like, what steps are you trying to take to build your muscle, which is a true like recurring revenue SaaS muscle versus going back and hitting this drug once a year over and over?

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

this is the last time we're doing it we're not doing any more lifetime deals or black friday lifetime deals this is the so again a year from now let's say you're traveling bank counts are low you want to hire another developer it's very easy to call up someone say hey let's do another deal like it's so tempting and they make it so easy noah's very smart because of that he knows what he's doing it's a smart model for him not for you i would say but very smart for him

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

I agree.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

So we are actually very close to becoming profitable right now.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

And obviously our complete focus right now is to use that funding to scale to a level that will keep us within a comfortable zone.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

And so if you're doing about six grand a month, you're saying, you know, what to get to seven or eight, you'll be able to, you know, be profitable paying you, your developer, any tools you pay for things like that.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

Very comfortable.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

Yes.

SaaS Interviews with CEOs, Startups, Founders
1604 Would You Sell "One Time For Life" Plans If You're Trying to Build an Enduring SaaS Company?

Yeah.