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Raj Sheth

๐Ÿ‘ค Speaker
171 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

And to be honest, what I realized is it's not just about revenue or getting to that number.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

In itself, that's not the goal.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

But

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

Let's assume that all of us are doing this because, you know, we are trying to solve a problem uniquely that, you know, at least we have a unique vantage point and hopefully it's helping a bunch of people.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

And the thing is that we realized that an applicant tracking software is not like an accounting or payroll software.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

See, every five person company, even if like, let's say you have four or five or 10 people working with you, you definitely need a payroll software.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

You definitely need an accounting software.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

But for the next six months, if you're not hiring a single person, you really need an applicant tracking software.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

So what we started realizing is that all our customers that were doubling down and growing with us and

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

where 90% of the product feedback was coming, they were not these small companies.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

They were like mid-sized companies, like 30 to 500 plus employees.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

And all of them had a budget to do this well, you know, 5,000 a year, 10,000 a year.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

So long story short, what we realized is it's not just about charging more money and moving up market, but what we realized is who is our customer?

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

Who do we really exist for?

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

And who are we solving the problem for?

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

And those guys are people if we keep charging them $100 a month, we will go out of business.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

And that aren't 100,000 of those guys.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

Per month, they're currently paying about 250.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

That's what it's moved up to.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

And it's all annual plans, mostly.