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Michael Cooney

๐Ÿ‘ค Speaker
395 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

So we didn't think anything of this, but when I shared this

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

or this conversion metric with some people, they were astounded.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

Like, you mean of every trial that you get, 70% become customers?

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

And we're like, yeah.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

And they said, okay, that's incredible.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

But I think it comes back to that technical customer support and onboarding as well as having a great product.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

So what I mean by a better product or a great product, you'll see this is our menu with our features, our feature set.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

And you'll see we have three buckets.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

We've got lead tracking, lead management, and lead reporting, which is analytics and insights.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

And so what we do is we use call tracking as a mousetrap.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

The reason we use call tracking as a mousetrap is it converts really well.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

It's the only lead type that requires a third-party software to work.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

So we get people in for call tracking at a low fee.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

It's $30 a month.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

But once they join us, we automatically track their forms as well, or we get their permission.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

So they join us for call tracking, and then all of a sudden they're getting all their leads tracked with all their marketing attribution, and then they're getting this great reporting as well.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

So it's just by having that great product, and it's obviously better than our competitors who are well-funded, has allowed us to grow and compete, even though we're dealing with all these well-funded competitors.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

Another benefit of having a

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

better product than your competitors, is you can use a land and expand strategy.

SaaS Interviews with CEOs, Startups, Founders
You won't believe the profits this $10m revenue bootstrapper makes

So our land and expand strategy is around marketing agencies.