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Ryan Farley

๐Ÿ‘ค Speaker
107 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

And when that happens, we have to switch to monthly.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

Yeah, so we definitely think about lifetime value.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

We've only had one season where we've had a lot of customers, so we don't quite know our lifetime value because we don't know how many people are going to stay the following season and the year after that.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

But we think of everything in terms of yearly value right now, and that's kind of how we peg all of our marketing costs and whatnot.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

It's between $200 and $300.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

Well, this past spring, we were pretty aggressive about it, and we went close to that $200 mark because we were collecting so much data by doing that.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

Right now, we kind of have a $100 limit or so just based on how we budgeted everything out.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

Yeah, I mean, in the very beginning, we were passing out these flyers by hand, and all of the customer support was done by us.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

Our whole operation ran on a Google Doc for a while.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

We didn't even really have any backend software.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

So actually, a customer ends up paying us $1,000 to $1,500 a year, depending on what kind of services they're getting.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

So that $200 reflects essentially our cut of the revenue share.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

So we take between 15% and 20%, depending on the service.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

And then the lawn care company gets the rest.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

By the end of this year, yeah, it should be around that amount.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

Yeah, so we're not planning on being profitable this year or probably next year, but we are going to get to a point where we consider what we are as operationally profitable, which means we cover basically the cost of keeping the business running.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

So some personnel are nice-to-haves, and we're not going to be covering those with our revenues, but we are covering the cost of customer support, the cost of marketing.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

That's pretty much it.

SaaS Interviews with CEOs, Startups, Founders
From Student to Successful Entrepreneur Fast

What's next?