FastSpring

APRIL 26, 2022

Last week, I canceled an annual SaaS subscription (I had three weeks left until renewal). Interestingly, even though I paid for a year-long subscription, the company didn’t let me keep the last three weeks of access to its premium features. This action will immediately downgrade your subscription. What Is Negative Churn?

Benchmarks 115

Benchmarks Churn Payments SaaS Payments 115

User Pilot

JULY 27, 2023

The different roles in SaaS companies: Chief Executive Officer : As the highest-ranking executive, this person ensures the company runs smoothly and employees are happy and engaged. They also manage finances and supervise one or more engineering teams. In large companies, the CSM also oversees other customer success roles.

Sales Hiring 90

Sales Hiring SaaS Payments Sales Recruiting CTO Hire 90

ProfitWell

MARCH 11, 2020

Your customer retention rate (i.e., the percentage of customers who continue to use and resubscribe to your service over time) is your golden ticket to profits. Again, a great customer acquisition rate with a bad customer retention rate is akin to throwing water into a leaky bucket. Customers cancel for a reason.

Retention 52

Retention Metrics SaaS Payments Underperforming Technical Team 52

User Pilot

MARCH 25, 2024

Because it improves your business’ profitability, understanding and reducing churn also gives you a better customer acquisition cost to customer lifetime value (CAC: CLV) ratio. To calculate the churn rate, divide the number of customers lost by the total number of customers at the beginning of that period.

Underperforming Technical Team 79

Underperforming Technical Team SaaS Payments Payment Solutions Payment Methods 79

User Pilot

APRIL 8, 2021

The “customers” part of this definition is important, since this is what differentiates customer analytics software from tools like Google Analytics, which look at data from website visitors as opposed to customers. Through analyzing customer data, SaaS companies can create better product experiences for their users.

Payment Solutions 52

Payment Solutions Software Review SaaS Payments Software 52

ProfitWell

SEPTEMBER 24, 2019

You don’t understand who your customers are, and you have no idea if you’re driving them away with poorly framed pricing packages or missing the chance to elevate your growth by charging more for your products or services. In the subscription-based pricing model, customers pay on a regular basis for continued use of a service or product.

Pricing 64

Pricing SaaS Payments Strategy Payments 64

SaaStr

APRIL 30, 2022

Average Revenue per Customer. Customer Lifetime Value (LTV). Customer Acquisition Cost (CAC). & So growth of the kind of subscription, eCommerce industry has been over 100% year on year for the past five years, according to McKinsey. The second constituent there is the developer.

SaaS Payments 242

SaaS Payments Metrics Payment Methods Scale 242

SmartKarrot

JULY 14, 2020

The SaaS business model is basically a subscription-based service. You will only have to worry about the recurring payments, which is otherwise known as MRR, monthly recurring revenue. Aside from this, customer loyalty is of huge importance to all of these models, as that is the only thing that keeps them afloat.

Business Model 10

Business Model B2B SaaS Payments Payment Features 10

User Pilot

MARCH 9, 2023

There are two types of customer attrition: active (voluntary) attrition and passive (involuntary) attrition. The key causes of customer churn are poor customer support , buggy product, wrong product-market fit, bad user experience, poor onboarding process, high pricing, and long time-to-value.

Underperforming Technical Team 92

Underperforming Technical Team SaaS Payments Payment Solutions Payment Services 92

User Pilot

MAY 9, 2024

Develop educational content, like webinars or courses, to help users discover new use cases and features. This increases product value and customer satisfaction. Keep customers engaged and drive account expansion. Foster customer loyalty, retention , and advocacy. Reduce the workload of the customer success team.

SaaS Payments 52

SaaS Payments Payment Services Onboarding Payment Solutions 52

User Pilot

JULY 24, 2023

We’re all familiar with the basics of SaaS product marketing such as attracting users to a SaaS product with a subscription business model. TL;DR SaaS marketing is the process of launching a product, building awareness, landing customers, retaining them, and increasing their lifetime value. Retaining customers.

SaaS Payments 66

SaaS Payments Marketing Payment Solutions SaaS 66

FastSpring

APRIL 30, 2024

If you’re selling your software, plugin, add-on, or other digital product for a one-time fee, you’re likely thinking about switching to a recurring subscription model. While the financial reasons are strong to switch to subscriptions, your path to roll out this massive change to your business is filled with peril.

Subscription 112

Subscription Payment Features Payments Payment Solutions 112