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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.
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.
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.
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?
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.
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.
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?
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.
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.
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.
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.
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.
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
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.
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.
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.
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?
The definition of success will vary from business to business, from customer to customer. That said, customersuccess is evolving, and the importance of customersuccess continues to grow. Embed customersuccess into the core of your business. Offer enhanced value.
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.
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.
If you’re only investing in sales and marketing, you’re missing a huge revenue opportunity. CustomerSuccess isn’t just for established leaders; it also helps growth-stage companies compound their growth through retention, upsell and expansion. When should you start customersuccess?
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.
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.
Co-founder and CEO of Insider , Hande Cilingir, talks about what it takes to write a successfulrevenue growth story. However, the revenue forecast accuracy and the realization of that revenue each month are more important. Or the revenue their business will generate by month-end.
Billion in Revenue This Year. But Wont Be Profitable Until $125 Billion in Revenue, Per Bloomberg #5. The Top 10 CustomerSuccess Metrics Investors Care About in 2025 with Gainsight CEO Nick Mehta #5. The Revenue Playbook: Ripplings Top 3 Growth Tactics at Scale with Rippling CRO Matt Plank Yes, SaaS is Back.
How can you bridge the gap between sales and tech to drive customersuccess? The 3 Building Blocks The three building blocks that bridge the gap between sales and Field CTOs are: Product knowledge Balance Trust Building Block #1: Product Knowledge Field CTOs must work closely with sales from a customer perspective.
While the allure of customer acquisition can pull a founder’s attention, it’s equally important to dedicate resources to fighting churn and expanding revenue from existing customers. They discuss how Fox helped build a churn-fighting, upselling, and cross-selling machine that continues to generate revenue.
In a world where customer expectations are sky-high and data complexity is ever-increasing, Totango Unison is the game-changer that customersuccess and post-sales teams have been waiting for. Welcome to the future of customersuccess with Unison. Today, it’s about lighting the path to growth.
So we’ve been talking about customersuccess at SaaStr longer than almost anyone else, going back to our very first posts in 2012, including on Second Order Revenue. Don’t Shortchange Second-Order Revenue. CLTV Isn’t The Whole Story. More in Nick Mehta’s great post here.
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