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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 what I mean by that?

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

I mean that if you find another company that has another product, not similar, but adjacent to your product, and something that you can sell to your customer base, maybe you can partner with that company

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

Bring that product to your product, so make it embedded in your product like a white label.

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

And after some time, you can maybe...

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

buy these guys, okay?

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

So the advantage of doing this way is that you don't need money to acquire these guys, as when you buy the company, you have to, of course, use money.

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

But if you partner now and buy later, you can experiment if that product really has a market fit with your current product portfolio.

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

And another important thing is,

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

So you are bringing new people to your company.

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

Are you sharing the same values?

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

The product is really selling to your customer base.

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

So after some time, 6, 12, or maybe 18 months, you can start to realize if it's working or not.

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

And when you do stuff like that, partner now and buy later, of course, you have to take care of a lot of different things.

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

First, you have to have it on paper.

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

And start with a partner contract.

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

And stuff like revenue sharing, how much are you going to share with the partner?

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

What are you going to do?

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

Are you going to support the partner product?

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

So your support team is going to support your partner product.

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

Ideally, yes, but sometimes it's not so easy to do that.