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The Clueless Companyย โขย 1y
Most SaaS companies spend 90% of their resources trying to acquire new customers, but only 10% on retaining them. Surprising, right? ๐ โ Your most valuable sales reps are your current satisfied customers. โ Retention boosts profitability by 25-95%. โ Reducing churn is way cheaper than acquiring new customers. Focus on delighting your existing users, and watch your revenues skyrocket. Are you investing enough in your customer success team? ๐ก Let me know in the comments!
He who remainsย โขย 1y
How many of you know about (Churn Rate) Churn rate, or customer attrition, measures the percentage of customers who stop using your product or service over a period. It's crucial for businesses, especially those with subscription models, as it direc
See MoreAditya Kumar Jha | P...ย โขย 6m
Day 13 of my 30-day Business & Entrepreneurship series . Building and testing your product is one thing โ but knowing if your business is healthy is another. Thatโs where metrics like CAC, LTV, Churn, and Retention come in. ๐ Hereโs the breakdown
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Director & CEO @ Exc...ย โขย 6m
In an era of economic uncertainty, leveraging customer retention as a growth driver is more critical than ever. High-level operators know that acquiring new customers is up to 25 times more expensive than retaining existing ones. Yet, many businesses
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Director & CEO @ Exc...ย โขย 6m
In an era of economic uncertainty, leveraging customer retention as a growth driver is more critical than ever. High-level operators know that acquiring new customers is up to 25 times more expensive than retaining existing ones. Yet, many businesses
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Thatmoonemojiguy ๐ย โขย 9m
๐ก Ever heard of โChurn Rateโ in startups? Itโs the silent killer. Iโve seen so many early-stage teams obsess over growthโฆ ๐ more users ๐ more downloads ๐ more signups But hereโs the truth: If your users keep leaving, none of that matters. ๐ C
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ย โขย
The Clueless Companyย โขย 1y
Ever wondered why your customers disappear? Itโs not always about the product. Many times, it's the experience surrounding it. A colleague of mine ran a simple audit on their customer service process and made one shocking discovery: Most of their
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ย โขย
The Clueless Companyย โขย 1y
Did you know? 70% of SaaS sales come from EXISTING customers, not new ones. So while you're chasing new leads, don't forget: 1.โ โ Deliver VALUE consistently: Happy customers become loyal customers. 2.โ โ Leverage feedback: Improve your product bas
See MoreI Help Start-up Foun...ย โขย 1y
What would be your approximate Customer Lifetime Value (CLV)? You run a mobile app that offers premium subscriptions for โน500 per month. Last year, you acquired 1,200 new customers, and your marketing spend for customer acquisition was โน1.2 lakh.
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