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Nathan Berry

๐Ÿ‘ค Speaker
1489 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We can play this long game because we're profitable.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And, you know, so we launched that free plan and, and honestly, it's doing so well.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We, in our models, we expected a 3% free to paid conversion rate.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Um, we came in at a 5% rate and we're like, that's fantastic.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

So you can sign up for a free account without a credit card.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And then if you want to try out our automations product or something like that, you can start a free trial for the paid version.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And that requires a credit card to go from the free version to trialing that on a 14-day trial.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Yeah, 3%.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

So not 3% conversion on the trial, but 3% of all free accounts converting to a paid account.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Wow.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And it ended up at five.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

And we see a lot of opportunity to bump that a little higher, maybe to six or 7%.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

That's our strategy next year.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Yeah, so we have iterated with a lot of different profit sharing things.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

We launched profit sharing on our very first team retreat.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

As we talked about earlier.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

What year was that, Nathan?

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Sorry, 2016?

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Yeah.

SaaS Interviews with CEOs, Startups, Founders
ConvertKit's Shocking Growth to $25m Revenue, Power of Creator Economy

Yeah, summer 2016.