Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Robin Mellstrand

๐Ÿ‘ค Speaker
155 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

But I think it is, you put your total increase in revenue times gross revenue times four.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

and divide that by your marketing and sales spend.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

And then that quota is the magic number.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

And if you are above one, you're doing fantastically great.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

If you are below 0.8, you may not have a product market fit yet.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

You may have to think about more.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

You should think about if you really should invest in sales and marketing at that point because you may not be as efficient as you should be.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

Yeah, it's kind of good.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

You're still above the line 0.8, which is sort of the line where you should really rethink how you do things.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

So it's really bad.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

That's extremely bad, yeah.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

Yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

And for us, it's particularly important since we need to consistently understand, are we doing things efficiently enough?

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

Are we good enough at what we do?

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

Should we invest in this?

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

And also looking at how does this actually differ from different markets?

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

Since we are heading into the UK, which is a significantly harder market to do business in than the Nordics.

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

So how efficient are we?

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

Do we acquire customers as efficient as we should be doing?

SaaS Interviews with CEOs, Startups, Founders
1123 Ecommerce Brands Pay Him $3m To Increase Average Cart Value 12%+

And so on and so forth.