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Michael Maximoff

๐Ÿ‘ค Speaker
276 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Because the total amount that you pay us every month is not significantly decreased, but the value that you receive from that is much higher.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So in a way, when we start working on our pricing, we didn't just...

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

One of the reasons why we went to the premium side of the pricing, because we knew that our pricing will be compared to our service prices, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And that also helped us to get that first much higher profit or more profit margins to be able to, again, spend those money on the engineering, spend those money.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

No one here, I think, doesn't want to play in the game when you have a low margin on any product because then you cannot risk and you cannot make a mistake.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Because if you have a low margin and you make a mistake, then it costs you a lot and that's when a lot of people go to a diet, etc.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And so I'm Eastern European, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And we obviously cannot...

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

You know, like in our culture, in a way, we don't have a debt in general.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So either you have money or you don't because there's no like banks or institutions that would help you with your business.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So in a way, if I have $100, then I can spend them.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

If I don't have them, then I don't have them and then I don't spend them, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So in a way, with that logic, we always were focusing on creating the products or the services with a very high margin.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Obviously, we need to then deliver on the margin and we need to have a much higher quality.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

But the point was that we never thought that we're not going to have enough money to because if the customer ready to pay this amount for solving the problem, then it's already been for us.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Right.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Selling the product to a lot of service deals.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

This one is cool.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So when I show you this slide, when we have this Belkin's agency, we have Folderly, Leadsforce, and other, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Every company, every product has their own sales team.