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Nathan Latka

๐Ÿ‘ค Speaker
223769 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

Is that because you went downstream cheaper customers paying cheaper, but higher volume?

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

What percent?

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

So if a customer starts paying you, you know, 30 bucks a month, right, or $100 a month, and an affiliate drove that customer, how much will you pay the affiliate?

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

of just the first year revenue?

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

And then what happens in year two?

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

It don't pay.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

Okay, so it goes to zero in year two.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

Yeah.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

Okay, got it.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

So that's why you're okay onboarding customers, making very little money because you know your margins are going to expand in year two no matter what.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

So just to be clear though, that example, Dimitri, that I just gave, a customer, an affiliate drives you a customer, that customer pays you $100 per month.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

Do you include that full $100 in your current 3 million ARR or only the 30% that you're keeping?

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

I understand.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

So when you tell me you're doing 3 million of revenue, is that only including $30 from that a hundred dollar a month customer?

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

Or is that including the full a hundred?

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

So when you say you don't see the money, who actually owns the customer owns the credit card that's being billed.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

You don't own that.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

The affiliate owns it.

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

If you don't own the credit card and own the customer, how do you know that that customer is going to come to you in year two and pay you the full $100 so you don't have to pay the affiliate that 70% cut?

SaaS Interviews with CEOs, Startups, Founders
How to Make $3m Building a Slack Clone with no money, experience, or sales team

Demetrius, I'm not challenging your ability to put a credit card in your system.