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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

It's like the Holy Grail, right?

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

Right.

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

And in fact, I, to my knowledge... I thought you just said, hell no.

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

Hell no.

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

Dear God.

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

Do you know what, I mean...

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

Do you realize what you would have to sell?

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

So just to give you context, we have 23, about 23,000 paying customers.

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

And so in order to have net negative revenue churn on a self-service model with 6.3% average monthly churn, we would have to be upselling customers at an insane rate, right?

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

Like everyone would have to be buying almost double what they bought last year, this year.

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

Wait, hold on.

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

Gross monthly customer churn.

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

So in order to have net negative revenue churn, you would need...

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

the rest of your customers to be buying more and more and more at an incredibly high rate, right?

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

You know what I mean?

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

Ah, gotcha.

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

Yes.

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

And we are much less in that realm because we don't actually serve enterprise customers.

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

So we top out at about 500 bucks a month.

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

We are really designed for the small and medium business and the small to medium consultants and agencies.