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Marvin Russell

๐Ÿ‘ค Speaker
518 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

People commit more.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

They're more anxious.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

They've told themselves they like the site enough that they're going to continue paying.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

So we ask for that credit card now up front.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

Yes, we have a higher conversion rate, I should say.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

Not more conversions, but a higher rate.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

Yes.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

We did run the test.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

I don't have those numbers off the top of my head.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

Um, but we did, we did test back and forth.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

I can tell you is the one that we landed on, which was asking for the credit card upfront.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

ended up giving us more paid conversions.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

So we ended up sticking with that.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

We tested two models.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

We tested different pricing models and we tested whether or not we're going to ask for a credit card at the beginning of a trial.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

And the asking for the bigger, asking for the credit card definitely led to a higher conversion rate that got us more paid members in the end.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

Because the people who weren't willing to put their credit card in, they weren't really serious customers.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

And they might have, you know, for whatever reason, didn't continue using our software for whatever reason.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

So once we got them to commit with a credit card, our conversion rates were a lot better.

SaaS Interviews with CEOs, Startups, Founders
1510 Would You Compete In a Super Fragmented Space like Checklists Apps?

Well, the thing we wanted to do is we knew that people were going to give us a credit card and sign up for a trial if they got to test our software.