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Yuri Ferber

๐Ÿ‘ค Speaker
458 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

So usually, one product consumes data from another product.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

And this creates a lockup.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

And it's great for mitigate your churn.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

And there are some effects, of course, that I'm going to talk later.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

In our case, we start backing eight years ago, backing with one product for one customer profile.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

And nowadays, we have like seven products for seven different profiles.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

and serving like 30 different use cases for this customer base.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

So this is very interesting because it creates a lot of opportunities to monetize your product portfolio.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

Let's jump into section two.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

There are many ways to build, to expand your product portfolio.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

Of course, you can use the traditional way of building, as you probably did in the first product.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

You have your CTO, you have your team of software engineers, and you just build a new product.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

Of course, you have to...

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

pay attention to things like product market fit, as my friend earlier in this session just showed you.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

So product market fit is one thing that you must worry when you create a new product.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

You can have a product market fit product, but probably you don't... It's not a...

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

When you create a new product, you have to be worried if you reach the product market fit for that new product.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

A second way to expand your product portfolio is to buy.

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

You can buy another company, or you can buy the intellectual property, or you can...

SaaS Interviews with CEOs, Startups, Founders
Top 3 Considerations When Growing Your Business from Single Product to Multi-Product

The third option, you can partner now and buy later, or maybe buy later.