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Nathan Barry

๐Ÿ‘ค Speaker
1090 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

We'll close out strong.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

Yeah, so this is actually an area that we have a lot of work to do.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

We sit at 7.6% of user churn.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

And revenue churn was sitting, you know, 6.8 or so.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

But actually, you know, if you switch to an annual plans, you're losing revenue.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

And so that counts towards revenue churn.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

So it just spiked in the last couple of days from, you know, 6.8 to about 8.2%.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

Yeah, so expansion is definitely the biggest focus or it will be the biggest focus like in the new year because we want to get to that net negative churn.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

And we're about halfway there right now of expansion revenue canceling out churn.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

Great.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

So for those other levers, we're trying to keep the pricing really simple and have it only be on how many subscribers you have.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

Because that, you know, the more successful you are, the more I want to get paid.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

And so I like that really simple pricing.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

So we're not going to add in like, hey, for an extra hundred bucks a month, you can have this other feature.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

We're just going to focus on all of our education and our training and our phone support, like all that kind of thing on how can we get someone who's got 700 subscribers to be successful enough so they tip over a thousand.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

So they're, you know, uh, our MRR from them goes up by 20 bucks.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

You know, this is a number that I don't pay a lot of attention to.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

Um, and I know it's something that I should, but in the craziness of growth, I haven't, uh, nailed it down because we've spent so little on, um,

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

on paid acquisition.

SaaS Interviews with CEOs, Startups, Founders
EP 528: ConvertKit Hits $480k MRR, Helping 10,000 Professional Bloggers Grow Email Lists with CEO Nathan Barry

It just hasn't been a big channel for us so far, um, that I haven't dialed in those numbers.