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Michael Cheng

๐Ÿ‘ค Speaker
120 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

So we try to cover a jack-of-all-trades core small team.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

We're looking at about 5%.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

We'd like to keep that down for sure.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

So customer acquisition costs is very interesting.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

We've never invested in customer acquisition costs outside of my own time.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

And so we don't do ads or anything like that.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

We don't pay for any customer acquisition.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

What we've done from the very beginning is really cultivate relationships with bloggers.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

So I would classify that under earned media.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

So cultivating those relationships.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

One of our key customer acquisition method is evergreen content.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

There's over 300 blog posts that mention Snipply.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

One thing we've noticed is that when serving marketers, marketers also tend to be bloggers.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

And that's helped us a lot in the sense that as marketers pick up the tool and they enjoy the tool, they tend to write about the tool, which other marketers read about.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

And that's why you see a lot of marketers on our testimonial page.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

And so I don't have an interesting value in terms of customer acquisition costs because we haven't really invested in ads, but you can kind of take my salary on that as cost, I guess.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

Usually customer growth, I think, is about 5% on the 1,000.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

Okay.

SaaS Interviews with CEOs, Startups, Founders
EP 482: Snip.ly $50k MRR, 1000 Customers For Lead Gen on Social Media Sharing with CEO Michael Cheng

So we need to work on churn, which is one of the things that we've really been focusing on.