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Troy Dean

๐Ÿ‘ค Speaker
193 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

I don't know that off the top of my head, but it would have been about, yeah, look, it would have been probably about 25 grand or roughly around about there.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

No, we don't actually, because so what happens is a developer buys the plugin and subscribes to the plugin.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

And for that one fee of $24 a month, they can install on all of their client websites.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

I see.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

I see.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

So as long as our, as long as our customers are still in business and still getting more clients, then they still subscribe to the plugin.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

So our

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

Our churn rate is, I don't know off the top of my head, but my business partner kind of looks after more of the analytical data stuff.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

But our churn rate's pretty low.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

We don't have huge churn because it's a pretty sticky product.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

Nobody wants to turn the videos off because then all of a sudden, if they stop paying and we turn the videos off, then all of their clients go, hey, what happened to all my videos in the back end?

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

And how do I upload an image?

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

And why does my page look like rubbish?

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

Where have the videos gone?

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

So it's quite a sticky product.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

Good question.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

So it started out, it was $97 a month and it's always been $97 a month.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

And we deliberately priced it at that because we wanted to be the most expensive on the market in our space because we wanted to be premium.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

And so when we started, we've just recently changed our business model in August this year, which I'll explain in a moment.

SaaS Interviews with CEOs, Startups, Founders
Would You Sell Your Business to WP Engine for $1m With Troy Dean

But when we started, it was $97 a month and we opened the doors for four days.