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Steve Hartert

๐Ÿ‘ค Speaker
368 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

That's users.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

The revenue churn is almost insignificant, to be honest with you.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Right, exactly.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

So we're looking at, I mean, when we're looking at what the causes of our churn are,

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

We've been able to identify some very specific causes of what's driving our churn rate.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

We've got a plan in place that we're going to start putting out in the next probably two months that we think is really going to significantly drive that down.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

The plan really is to head off the problems before they pop up.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

We have found what's really probably the biggest driver for us is when people have their credit cards expire, right?

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

When people just forget to do payment.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And we've identified that and went, wait a second, these people are just forgetting to update their payment.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And so that's causing them to fall out.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And by identifying that group earlier on, we're able to sit there.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

We did a test on that and we found, yes, when we alert them and say, did you know your payment's going to expire?

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Now we're finding that those people go, oh, I wasn't aware of that.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And then they go ahead and then they update their payments and they stay on as a paying customer so that that churn element does not happen.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Right, right.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And again, that's what we identified as probably our biggest piece of churn.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And by looking at that going, well, we know because when somebody signs up, we understand what their payment process is because when they sign up, we get their expiration dates on their credit cards.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

And so what we've done is we've just flagged it to say, okay, now starting at, you know, if somebody's going to expire, say January 1, 2018, we're recording this here on December 1st, we would start sending those people out notices now to say, you need to update your payment.

SaaS Interviews with CEOs, Startups, Founders
976 How JotForm Passed 3m Users, $45m in ARR Without Raising Capital

Right.