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Russ Perry

๐Ÿ‘ค Speaker
249 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

Yeah.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

We'll be doing 14 million.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

It depends on the time horizon.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

So of the first year or month zero through 12, it's going to be

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

Around 50%.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

And I'm going to explain something on the back end because these numbers might seem a little scary to an average SaaS business.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

Lifetime signups, it's 25%.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

We will retain 25% of our signups for life.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

But we really focus our sales strategy on multi-month and annual plans.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

So we will, you know, our numbers, we might have a client that, you know, would normally only stick around for three, four, five months.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

But we really aggressively look to sell them on a full discounted 12 month plan their first 90 days to capture that full revenue.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

And that's just learning about the utilization of design.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

It's not a sticky service like an accounting tool or some other thing.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

So we have to have a much different approach on how we capture that revenue from a client because we know at some point, they might just change their mind and not want to use us anymore.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

We have a whole categorization of happy churn.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

I love you.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

You guys are amazing.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

My project's done.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

Okay, including the 470 outsourced kind of designers, managers.

SaaS Interviews with CEOs, Startups, Founders
DesignPickle: Bootstrapped, $10m Revenue, Helping 3,000 Brands Get Design Work Done

We categorize it as HQ because we do have a few people outside the US on that side, sales, marketing, engineering, customer support, and then production.