How can startups effectively acquire their first 1,000 customers with minimal budget?
2 replies3 likes
Pritam Mondal
Build. Don't talkย โขย 7m
Onecard - A unicorn with a valuation of 1.5 billion Usd Spend 1000 crore to make 500 crore revenue and they spend 60% of their operating revenue in ads.
Despite having a good product onecard is spending huge capital to acquire new customers.
7 replies9 likes
Mehul Fanawala
ย โขย
The Clueless Companyย โขย 9m
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%