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Raj Agarwal

๐Ÿ‘ค Speaker
121 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

I would say, though, what we did find is that we were revenue neutral in terms of the revenue we lost from those customers versus the... Expansion.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Yeah, now the real numbers are probably closer to 75% we lost, but the 25% that we upgraded, we were able to not just double their price, but more like triple or quadruple.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

40% of our support volume was coming from the 10% of revenue, the bottom 10% of revenue.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Uh, it'd be in that 600, uh, 600 range.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

So, you know, it's about 150 people and, you know, support can be broken up in a couple of different ways.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

But if you talk about, you know, customer support itself, we're probably talking about eight to 10 people.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

But then our support organization includes, you know, what we call mobile engagement consultants.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Consider them like, you know, post sales solutions consultants.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

But our model is a little bit different.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Right.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

It's a these are practitioners.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

These are folks that have been in the shoes of the practitioner.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Sometimes they come from our product management organization and they're taking a proactive approach with the people who are actually using the product to go in there, look at what kind of campaigns are running and what kind of advice that we can give them.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

How are they analyzing the data and how can they do their job better?

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Basically doing a good level of hand-holding to make sure that in this confusing mobile space where everybody feels like they're over their head and over their head that they can make sense of these tools.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

Yep.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

While we think our tool is relatively simple because, you know, there's a self-service version, et cetera, available, sometimes it does take that extra level of hand-holding to maximize the full capabilities.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

You know, so...

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

If you take an average customer at 50,000, it should be at least a five to six year lifespan.

SaaS Interviews with CEOs, Startups, Founders
1054 We Cut Our Customer Base In Half But Grew Revenue to $30m

And I think we expect to see that.