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Rand Fishkin

๐Ÿ‘ค Speaker
181 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

But if I have more like a 10%, 9%, 8%.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

six percent ongoing and then five percent after year one.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

That's that's pretty shitty.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

So you just have to do this cohort analysis.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

You can't just look at raw churn and say that's the only thing that matters.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

So, you know, for example, in a Haiku deck board meeting, because Haiku deck is a relatively new company, at least on the paid side, it's only had the paid model around for a little over a year.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

Oh, not even a year actually, July of last year.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

And so we'll sit down and we'll do the cohort analysis, but we'll be very careful to say, what happened to the people who've been with us six months and longer?

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

What about the people who've been with us nine months and longer?

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

What about the people who are coming up on their year tenure?

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

What do those churn rates look like?

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

Because that's the true predictor of a successful product, right?

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

That you're essentially able to keep those hardcore passionate customers around who really, really love you.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

And it's okay if, especially if you have a self-service model, right, where you're not investing a ton of sales energy closing deals, if in the first month or two you're losing, you know, a larger number of folks who essentially are self-selecting out of the project.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

Well, yeah, you can almost think of a lot of self-service SaaS as essentially a paid trial period for the first one to three months.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

Yep.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

I would say a lot is being generous.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

We are doing a small amount in terms of upsell, but yes, ARPU is increasing every month and we do sell, we don't sell more seats individually, but as you move up in higher price packages, you can get more people onto a multi-seat model and, you know, sort of more access to data and those kinds of things.

SaaS Interviews with CEOs, Startups, Founders
EP 368: From Blog to $40M/Yr, 23k Customers At Moz With Rand Fishkin

Hell no.