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This is where customersuccess comes in. Drata VP of CustomerSuccess Management, Wen Yao, and VP of Customer Experience, Ashley Hyman, share how to scale customersuccess from 0 to 5,000 customers. Most organizations lose around 10% of their revenue due to bad or poor customer experiences.
The New Era of CustomerSuccess: Deep Insights from Slack, Mulesoft and OpenAI Leaders What happens when you get customersuccess leaders from three of tech’s most iconic companies in one room? Why Traditional CustomerSuccess Is Dead The old playbook of treating CS as your renewals team is officially obsolete.
Naturally, their first customer was DoorDash and the quickly captured 95% of the gig economy market in their early days. When Lindsey joined, she inherited an already built-out self-serve/PLG model for small businesses and a mid-market and enterprise sales, customersuccess, and post-sales team.
Dear SaaStr: What “Quotas” Should My VP of CustomerSuccess and VP of Product Have? For a VP of CustomerSuccess (VPCS), their “quota” or ownership should revolve around two key metrics: Net Revenue Retention (NRR) and Gross Retention Rate (GRR). Without them, youre flying blind.
The evolution of every high-functioning, effective customersuccess strategy centers around three C’s: connected experiences, an engaging customer journey, and a culture built on customer-centricity. Satisfaction won’t cut it. But where do you start? But where do you start?
How do you leverage your customersuccess team to drive revenue growth? Hook’s Head of Customer, Natasha Evans, took the stage at SaaStr Europa to discuss the three things leaders should focus on to fuel revenue growth. It will help drive revenue growth, which is the name of the game.
Getting customersuccess right is one of the most powerful levers in SaaS: Upsell + expansion with existing customers costs 62% less than acquiring new customers ($0.63 new customer CAC, per KeyBanc 2021 Private SaaS Company Survey ). upsell + expansion CAC vs $1.67 Video: Intriguing Session Slides: .
They know they’ll need an ever-expanding team to hit compound revenue targets—2 reps, then 4, then 8, then 16, and eventually 64 or more. The 90-Day Revenue Test While 30 days is enough to evaluate their hiring decisions, you should see clear revenue improvements within 90 days (or one full sales cycle).
2025 is year that AI takes over all of support and customersuccess that isnt sales. A lot of support is questions and problems from existing customers. The same is happening, just more slowly across customersuccess. Humans are still deployed in customersuccess for upsell. It still is today.
The SaaS business model, which runs on recurring revenue, needs CustomerSuccess to survive. As such, people are looking for answers on how to nail their CustomerSuccess initiatives. Whether you’re finding yourself asking “what is CustomerSuccess?” How do you build a CustomerSuccess strategy?
In 2021, everyone bought 100 new sales and revenue apps to keep the sales engine humming, along with large investments on the human side of RevOps, CustomerSuccess, and more. Weve cut back customersuccess and rolled it into sales, instead of investing more there, in many cases. Enough with the expensive add-ons.
A rough yardstick is that most enterprise-focused SaaS companies tend to get about 8%-10% of their revenues from professional services. A few data points: At $800m ARR, Qualtrics was still getting 25% of revenue from professional services. At $500m ARR, OneStream gets about 8% of its revenue from professional services.
We’ve talked on SaaStr about leaning in on CustomerSuccess as much as possible. We’ve walked through why Second Order Revenue (i.e., the revenue ultimately generated or supported by CustomerSuccess) is the key to growing a SaaS business. To hire in customersuccess. It’s OK.
So ChurnZero put out a great new report surveying 1,037 customersuccess professionals. of revenue. 34% of CS Teams Have a Veto on Bad-Fit Customers. 41% of CS Teams Own Revenue Expansion — More Often Than Sales. 58% of SaaS companies surveyed have a real Customer Marketing function.
With outcomes and metrics that align directly, find out why customersuccess should be the foundation of a customer marketing strategy. CustomerSuccess teams actively track KPIs and metrics that directly align with customer marketing outcomes. How marketing to customers generates revenue.
Revenue, Revenue_USD, Revenue_new, rev2, customer_revenue. Imagine the customersuccess team asks for a revenue chart in their CRM: it’s as easy as siphoning the data from MetricsFlow via a API call. Do you recognize these? They might be the column names you might find in your BI or analytics tool.
If a sales rep closed a deal, A customersuccess manager should take it over. An open question around smaller customers is how do you staff up CustomerSuccess for them — if at all. Many founders wrestle with the question of if they can really afford customersuccess professionals for their smaller customers.
We don’t include second-order revenue. Standard CLTV calculations don’t account for virality and second-order customers. So you may underinvest overall, or invest, in fact, too much in Sales and Marketing — and not enough in CustomerSuccess. Don’t Shortchange Second-Order Revenue.
Here’s what it really took for Attentive to go from $0 to $500M ARR in just 7 years, sending over 32B text messages and generating $20B+ in revenue for their 8,000+ customers. Everyone knew mobile commerce was exploding (from 15% in 2014 to 75% in 2024), but reaching customers on mobile was broken.
Check out “The CustomerSuccess Onboarding Playbook” to learn: Best practices for successfulcustomer onboarding How to reflect on your process and measure success What can go wrong later down the customer roadmap if onboarding isn’t done right How to identify further revenue opportunities
So I think 2023 may mark The End of CustomerSuccess as We Knew It. The Massive Push to Efficiency As almost every public SaaS company got cash-flow positive and radically more efficient, and most startups had to stretch their dollars much further — customersuccess took a lot of the brunt. What happened? Just This Week.
Q: Who Should Our First Head of CustomerSuccess Report To? Ah, who should CustomerSuccess report to. So usually, she can easily also manage CustomerSuccess as well as all her reps. A VPS wants to close more revenue. Not just retain revenue. It’s not super simple. VP of Something Else.
CustomerSuccess has gotten worse over the past few years. The best CustomerSuccess teams are still amazing. I’m sure this team was under pressure this quarter to find revenue. We’ve been a customer for 6 years. I don’t think we audit and listen to enough customersuccess calls.
Workato’s SVP of Embedded Sales and Director of Solutions Marketing joined us at SaaStr Annual to talk about how to nurture customers — a great topic in general, but especially for embedded sales and APIs that can take a while to scale. CustomerSuccess. The Second Most Important SaaS Hire? But the results?
Divvy’s CRO, Sterling Snow, created a structure aligning these two teams with others to create a formidable revenue team. In this episode, Snow shares the journey to realizing the strength of revenue alignment through sales, marketing, and customersuccess and the principles for implementing this structure to yield tremendous results.
So we’ve been writing about the power of a strong, funded, dedicated customersuccess organization since the beginning of SaaStr way back in 2012. While now mainstream, our early thinking on the power of Second Order Revenue in many ways informed a generation of SaaS entrepreneurs and the whole CS space. No Thank You.
SaaStr 2025 is May 13-15✨ Lemkin (@jasonlk) October 2, 2024 So we’ve talked a lot on SaaStr about how CustomerSuccess has changed over the past 24 months. In many cases, it’s now part of the revenue team, and bringing in more revenue is Goal #1.
The landscape of customersuccess has been evolving rapidly. So much so that we seem to be releasing new content on customersuccess just about every week. Today we’re focusing on actionable insights you can use to drive down churn with customersuccess in today’s new era of SaaS efficiency.
Is it the end of an era for customersuccess in SaaS? We just wrote up how some of the biggest changes of SaaS are now coming, specifically in CustomerSuccess and Sales. CustomerSuccess Is Vulnerable to Cuts Jason shared that he didn’t realize how vulnerable customersuccess was to cuts until 2023.
In 2024, for customersuccess in SaaS, what’s “good” NRR? Who should CustomerSuccess report into? Questions like this and many others are the most common questions asked of SaaStr Fan Fave and expert on CustomerSuccess, Gainsight CEO Nick Mehta, and SaaStr CEO and Founder, Jason Lemkin.
If you are a SaaStr reader, you’ll know how passionate I am about CustomerSuccess, since Day 1. For one simple reason: Second Order Revenue. What it all means is that if you do it right, you’ll make 6x or more the revenue from your customers after the sale itself. Word-of-Mouth. Champion Change.
Let’s review everything your customersuccess team has to do in the absence of any customersuccess tools. Collect customer data to calculate complex formulas for tracking metrics, monitor customer health scores, and resolve support tickets while continuously trying to improve retention and expansion.
How Revenue Multiples Really Fall After Each VC Round #3. The Beginning of The End of CustomerSuccess, SDRs, and Support Agents #9. We had 940 posts in 2024 alone! Let’s look at the Top 10 SaaStr Posts of the Year: #1. Venture-Backed or Bootstrapped? Theres a Third Way. Just Raise One Round. #2. Is SaaS Dead? #5.
Even with late stage VC capital much harder to get now, and the IPO markets still frozen, I see many folks on my LinkedIn feed saying Sales and CustomerSuccess are underpaid. We and I are still strong proponents of paying your revenue team well. While that may not sound like a lot, it actually is a lot of all your revenue.
This week we have Robby Allen, Chief Revenue Officer at AgentSync! #1. In his role as CRO, Robby prioritizes building a world class team, delivering value in every customer interaction, and creating a culture of gratitude across the organization. What’s your core stack of apps today?
Delivering a cohesive and die-hard customer experience doesn’t happen accidentally. Customersuccess is a mindset or a continuous journey before it’s a department that takes an analytical approach towards retaining and constructing long-lasting relationships with customers. Who should be your first customersuccess hire?
Tayler Barron joins the Predictable Revenue podcast to discuss breaking down the silos between marketing, outbound sales, and customersuccess in your organization. The post The Financial Impact of Breaking Down Your Revenue Organization Silos appeared first on Predictable Revenue.
” Is CustomerSuccess Dead, Now That it Reports to Sales? Dave and Jason have slightly opposing views on this matter, as Dave is a true believer in customersuccess. “Your book Predictable Revenue says go specialize roles in sales, and that’s all CS is supposed to be.
Meet Wyatt Jenkins: From Construction Sites to Chief Product Officer If you want to understand how vertical SaaS companies scale to $1B+ in revenue while staying true to their customers, there’s no better person to learn from than Wyatt Jenkins, Chief Product Officer at Procore Technologies.
Key points about SaaStr Annual : Focus on SaaS: Primarily focused on all aspects of SaaS business including sales, marketing, product development, and customersuccess. Large Audience: Considered the biggest SaaS conference with a large number of attendees from leading SaaS companies, startups, and venture capital firms.
Today, the most efficient public SaaS company is probably Doximity, at about $700,000 in revenue per employee. or so at the very latest, youll need to start hiring dedicated customersuccess professionals. I know many are talking about AI fueling 1 person, $1B start-ups. I hope that happens. But maybe not so much in SaaS.
Navigating the CRO and CMO Relationship with G2 and SalesLoft: Mike Weir, Chief Revenue Officer, G2; Steve Goldberg, Chief Revenue Officer, SalesLoft; Amanda Malko, CMO, G2. Revenue Marketing: Build for Scale with Podium’s SVP, Revenue Marketing Jess Weimer. appeared first on SaaStr.
The three growth tactics that worked for Rippling can be categorized into three different stages: Outbound Increasing closed-won revenue rates Serving customers and expanding revenue in the base Let’s start with outbound, where most of Rippling’s revenue comes from attribution-wise. You have to pick one.
They prioritize revenue growth, market share and profit maximization differently. Maximization (Revenue Growth) - maximize revenue growth in the short term. Many mid-market software companies price with the goal of revenue maximization, negotiating for the highest possible price in each sale.
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