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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

And now we have qualified customer ARPU, qualified customer ARPU,

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

Sure.

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

Qualified customer cost of customer acquisition, all of those numbers.

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

No, we want to we actually don't want to dump money into these channels because our sense is that the churn rate is way too high and we cannot afford to churn through, you know, a huge segment of our market and disappoint a lot of them.

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

And so instead, we are doing the opposite, where essentially we're being moderately conservative, I'd say, with marketing spend, not trying to fill the funnel dramatically more than what we already have, which is between 150 and 200 new free trials every day.

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

um and essentially say hey how do we uh get this product so that it is stickier and more addictive and better and you know serves these customers i think look if we get down to um

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

4% maybe or under gross churn or below 2% for qualified customer churn, then we would be feeling a lot more comfortable about dumping dollars.

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

Yeah, I think for them, their big answer from that, in my memory, is that they had a high recidivism rate.

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

So something like 30% of all signups, you know, in the last few years were people who had signed up with them before.

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

So basically they, you know, they were kind of like... Off and on holiday seasonal accounts.

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

Yeah, exactly.

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

It was kind of like, who is like that a little bit?

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

Costco is like that a little bit, right?

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

Where essentially like you have customers who are like addicted to you for a while and then they don't come for a long time and then they come back to you and go to you again for a while and then they leave and that kind of thing.

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

It's almost like the car sales market, right?

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

It's like, well, if we can make you into a loyal Toyota customer,

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

You know, Toyota might get money from you every five to 15 years.

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

Yeah, yeah.

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

I mean, predictability on that is is crappy and that's no fun.

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

Yeah, it was super tough and not a not a tremendously fun experience.