Failing to understand and address the specific needs of the customer. This mistake manifests in various ways, such as launching a product that lacks product-market fit, not actively seeking or responding to customer feedback, and neglecting to educate customers about the product's value. When a company doesn't grasp what its customers truly need, it leads to poor engagement, high churn rates, and ultimately, a failure to convert leads into paying customers. Understanding and addressing customer needs is fundamental to building a successful Saas business! #SaaS #SaaSSalea #SalesTips #SaaSStrategy #SalesStrategy #SalesMistakes
Mika "Tiki" Tikkala’s Post
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SaaS products are all about metrics! How to leverage them? 🎯 MRR (Monthly Recurring Revenue): Provides a snapshot of subscription revenue and helps gauge the health and growth trajectory of the business. 🎯 Churn Rate: Understanding customer and revenue churn helps identify areas for improvement and optimize customer retention strategies. 🎯 CAC (Customer Acquisition Cost): Measuring CAC against LTV ensures acquisition efforts are sustainable and profitable. 🎯 User Engagement: Active users, session duration, and feature adoption rates provide insights into how customers are interacting with the product. 🎯 Customer Satisfaction (CSAT/NPS): Happy customers are the foundation of SaaS success. Monitoring satisfaction metrics helps prioritize customer experience and drive loyalty. Harnessing the power of these metrics drives growth, retention, and customer delight in your SaaS journey! #ProductManagement #ProductAnalytics #CustomerLoyalty #SaaS #UserAdoption #DataDrivenSuccess #CustomerSuccess #BusinessInsights
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Why Subscription Management is Key to Preventing SaaS Churn Customer Engagement Subscription management tools give businesses a clearer understanding of how customers interact with their services. Here’s how they do it: 1.Tracks customer behaviour to identify engagement patterns. 2.Pinpoints users needing assistance or re-engagement. 3.Provides data for personalized tips and support. Jerry Mullis,Eric Paules,Amar Vir,Joanna Pezzini https://lnkd.in/gg_-jYZh #myfundbox #saas #digital #technology #startup
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In the rapidly evolving SaaS industry, the key to success lies in product innovation and creating lasting customer value. Every touchpoint, from onboarding to customer support, shapes the overall experience and drives long-term retention. I’m curious: What’s the most impactful strategy you’ve seen for boosting customer retention in SaaS? Let’s share insights and learn from each other! 🚀 #SaaS #CustomerSuccess #Retention #Growth
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Do you know why your top SaaS customers say goodbye? Consider these pointers: → Absence of a Customer Success blueprint → Failure to showcase product worth → Disconnected customer journey But imagine flipping the script: → Retaining customers instead of losing them → Transforming them into passionate brand advocates → Cultivating satisfaction AND loyalty Remember! A happy SaaS customer becomes your ultimate promoter. Ready to turn things around for yourself? Drop a DM! #CustomerSuccess #SaaSExcellence #Saas
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👉 Swipe through our carousel to uncover hidden metrics that could transform your SaaS performance! 🔍 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗛𝗲𝗮𝗹𝘁𝗵 𝗦𝗰𝗼𝗿𝗲 Track the overall health of your customers by evaluating usage patterns, engagement, and satisfaction. A drop in the score can signal potential churn risks before they become critical. 📊 𝗙𝗲𝗮𝘁𝘂𝗿𝗲 𝗔𝗱𝗼𝗽𝘁𝗶𝗼𝗻 𝗥𝗮𝘁𝗲 Measure how frequently your users are engaging with new features. Low adoption rates can indicate issues with usability or lack of awareness, providing insights into areas needing improvement. ⏳ 𝗧𝗶𝗺𝗲 𝘁𝗼 𝗩𝗮𝗹𝘂𝗲 (𝗧𝗧𝗩) Evaluate how long it takes for users to realize the value from your product. Shortening TTV can enhance customer satisfaction and boost retention rates. 💬 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗘𝗳𝗳𝗼𝗿𝘁 𝗦𝗰𝗼𝗿𝗲 (𝗖𝗘𝗦) Assess how easy it is for customers to achieve their goals with your SaaS product. Lower CES scores can highlight areas where users struggle, enabling you to simplify their experience. 📈 𝗥𝗲𝘃𝗲𝗻𝘂𝗲 𝗣𝗲𝗿 𝗨𝘀𝗲𝗿 (𝗥𝗣𝗨) Analyze the revenue generated per user to identify opportunities for upselling and cross-selling. Tracking RPU helps in optimizing pricing strategies and increasing overall profitability. 🚀 𝗢𝗽𝘁𝗶𝗺𝗶𝘇𝗲 𝗕𝗲𝘆𝗼𝗻𝗱 𝗕𝗮𝘀𝗶𝗰𝘀 These often-overlooked metrics can provide deeper insights into your SaaS performance and drive strategic improvements. #PerformanceMetrics #CustomerSuccess #ProductManagement
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CS teams are struggling and churn is creeping up; - Long-tail users need constant support - High-value accounts demand attention - Team is burnt out - Product complexity keeps increasing The math doesn't add up, does it? 📊 Solution: A new and more effective channel to engage with your customers. What better way than moving customer engagement INTO the product, not just around it. Drop a 🎯 if you want to learn how. #customersuccess #saas #fintechleaders #customerengagement #customerretention #churn #roi
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Metrics most CSMs talk about - Health scores - NPS - CSAT - CES - Product usage Metrics they should be talking about: - Customer outcomes - Expansions & upsells - New acquisition revenue from referrals - Revenue saved and recovered - Customer Lifetime Value (Growth) The first group always gets asked, “What’s the ROI of customer success?” The second one gives a decisive answer. Which group do you belong to? PS: Sign up for my weekly newsletter if you like this post --> https://lnkd.in/dtC7MEjP #saas #customersuccess #customervalueledgrowth #netrevenueretention
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Are you failing to quickly demonstrate the value of your products, leading to early customer exits? It's a challenge. In the rush to innovate and disrupt, it's easy to forget that what your customers truly seek from day one is value. And not just any value, but value that's immediate, clear, and impactful. Here's the catch: Delivering this fast-track to value isn't about overselling or overloading with features. It's about understanding and aligning with your customer's most pressing needs from the get-go. 1. 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐲 𝐘𝐨𝐮𝐫 𝐎𝐧𝐛𝐨𝐚𝐫𝐝𝐢𝐧𝐠: Make the first experience with your product as seamless and intuitive as possible. A complex onboarding process can overwhelm new users, diluting the perceived value of your solution. 2. 𝐀𝐫𝐭𝐢𝐜𝐮𝐥𝐚𝐭𝐞 𝐕𝐚𝐥𝐮𝐞 𝐂𝐥𝐞𝐚𝐫𝐥𝐲: Every interaction should reinforce the value your product brings to their business. This means going beyond feature lists to show real-world impact. 3. 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐳𝐞 𝐭𝐡𝐞 𝐉𝐨𝐮𝐫𝐧𝐞𝐲: Tailor the customer experience based on their specific goals and challenges. Personalization isn't just a buzzword. It's a strategy for showing immediate relevance. 4. 𝐄𝐧𝐠𝐚𝐠𝐞 𝐏𝐫𝐨𝐚𝐜𝐭𝐢𝐯𝐞𝐥𝐲: Don't wait for customers to reach out with issues. Regular check-ins can help you address potential problems before they become reasons to churn. 5. 𝐒𝐡𝐨𝐰𝐜𝐚𝐬𝐞 𝐐𝐮𝐢𝐜𝐤 𝐖𝐢𝐧𝐬: Highlight early successes and quick wins to your customers. This not only builds confidence in your product but also reinforces the decision to choose your solution. Remember, time is of the essence. Your customers are constantly evaluating whether your solutions are worth their investment. By focusing on delivering immediate, tangible value, you not only retain more customers but also turn them into advocates for your brand. Commit to not just meeting but exceeding customer expectations, right from the start. Because in the end, the quickest path to growth is through satisfied customers who see and feel the value every step of the way. 👉 Your insights matter! Share your thoughts👇 PS: Ready to pump up your profit? Subscribe to my free weekly newsletter – Profit Pulse - https://lnkd.in/gpuTKXGS and gear up for a turbo-charged profit journey! #SaaS #CustomerSuccess #customerexperience #churn
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Ready to level up your SaaS customer journey? 🚀 In today’s fast-paced market, high-growth SaaS companies need more than just leads. They need real-time connections, personalized experiences, and a seamless process from onboarding to success. 💡 Discover 4 simple steps that can transform your sales cycle and help you build lasting customer relationships: 1️⃣ Instant Connections – Quick responses mean quicker conversions. 2️⃣ Real-Time Personalization – Keep it personal, keep them engaged. 3️⃣ Simplify Processes – Streamline onboarding and payments for a frictionless journey. 4️⃣ Create Success Stories – Turn every customer interaction into a long-term win. It’s not just about closing deals anymore—it’s about creating experiences that make customers stick around. 🔄 #SaaS #CustomerSuccess #Onboarding #SalesJourney #CustomerExperience #GrowthMindset #keyzii
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𝙒𝙝𝙞𝙘𝙝 𝙤𝙛 𝙤𝙪𝙧 𝙘𝙪𝙧𝙧𝙚𝙣𝙩 𝙘𝙪𝙨𝙩𝙤𝙢𝙚𝙧𝙨 𝙖𝙧𝙚 𝙢𝙤𝙨𝙩 𝙡𝙞𝙠𝙚𝙡𝙮 𝙩𝙤 𝙘𝙝𝙪𝙧𝙣? This is a question that goes largely unanswered for most SaaS businesses. To answer this question you need to build a Customer Health Score. This is just giving each customer a score based on their predicted likelihood to cancel, based on two factors: 1️⃣ Everything you know about them so far and 2️⃣ Your churn data from other users with similar characteristics and behaviors. Both are things you can manage with Raaft.io #saas #churn #offboarding #healthscore
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