A recruiter looking for a Growth Hacker contacted me recently and my immediate reaction was “I wonder what that position was called two-months ago.” That seemingly innocent LinkedIn message from a recruiter just trying to do their job, combined with the facts that any marketing tactic is now considered a “Growth Hack” and anyone with […]
Autoresponders are Dead: 5 Types of Follow-up Emails
Article by Lincoln Murphy
Whatever the scenario for the SaaS vendor – during a Free Trial, as a free user of a Freemium, for Demo requests or Enterprise Pricing Inquiries, or after a prospect becomes a paying customer, I get asked all the time what the best email follow-up sequence is. While addressing the ideal follow-up email sequence may […]
SaaS Pricing Model: Mo’ Money, Mo’ Problems
Article by Lincoln Murphy
This is a post about SaaS pricing models… but it starts with a story about human behavior. We all know that money doesn’t buy happiness – it buys freedom, and it’s with that freedom that you can choose to do things that make you happy. Money is just the means. But quite often, as people […]
The Customer Acquisition Cost (CAC) Myth and Misguided Optimization
Article by Lincoln Murphy
For any company – especially those in the expansion stages – Customer Acquisition Cost (CAC) is a key metric to focus on. And for most companies and their CFOs and COOs, it’s all about making that number as low as possible. But in my experience, it’s not just about lowering CAC so you pay less to […]
5 Rules for Successful Growth Hacking
Article by Lincoln Murphy
Growth Hacking is all the rage right now. In-fact, anyone even slightly involved with marketing or product development in tech companies now calls themselves a Growth Hacker. Now, once everyone identifies as a Growth Hacker the term will be meaningless… but what goes into Growth Hacking (or whatever it’s called in the future) will persist […]
Use Partner Offers to Quickly Grow Your Business
Article by Lincoln Murphy
The other day I received an email with a very specific SaaS marketing question: “we have the opportunity to send an offer to the email list of one of our Integration Partners… do you have any tips for us?” Well, since having the opportunity to send an offer to a partner’s email list can be an […]
SaaS Pricing: Multi Currency Support
Article by Lincoln Murphy
I was asked a question recently about creating SaaS pricing models that include multi currency support. I’ve attempted to answer the question in a meaningful way, but I am the first to acknowledge that there is a lot more to it than just what I talked about in this post. But it’s a great jumping […]
How to Create an Affiliate Program for your SaaS
Article by Lincoln Murphy
The CEO of a vertical-specific SaaS vendor with a relatively high priced offering emailed me the other day with a question about creating an Affiliate Marketing program to accelerate growth. I gave him a fairly detailed answer and I thought I’d elaborate on that answer even more and share it with you… enjoy. “Hey Lincoln, […]
SaaS Marketing: 21 Growth Hacks to Test Today
Article by Lincoln Murphy
Below are 21 SaaS marketing growth hacks you could test right now. Of course, these are tactics and while everyone loves tactics, if they don’t make sense within your very well thought-out SaaS marketing strategy, you should probably not implement them, right? In fact, you should also probably make sure you have a well-thought-out SaaS […]
SaaS Sales Funnel: Stop Optimizing for the Wrong Customers
Article by Lincoln Murphy
“OMG… That’s not who’s signing up for my app!” exclaimed Jerry, after we discovered who his ideal customers are and that he’s been optimizing his Sales Funnel for the wrong customers. You see, Jerry owns a custom software dev shop that spun-out a web app they used internally for managing parts of their business as […]
SaaS Freemium Customer Acquisition Costs
Article by Lincoln Murphy
I got an email the other day asking about Freemium Customer Acquisition Costs (CAC) and whether or not to include the cost of supporting and marketing to free users in the cost of acquiring paying customers. Here’s my quick answer and some other resources for you to check out.
No More Email from Your SaaS App? Introducing GMail Tabbed Inbox and Categories
Article by Lincoln Murphy
Attention SaaS Providers: If you use email in any way to communicate with your users, customers, and prospects, you should care about GMail’s recent additions: Tabbed Inbox and Categories. As a SaaS provider, you leverage email for marketing with things like your newsletters and your Free Trial follow-up sequence. But you also send transactional messages […]
SaaS Marketing: Are you Lazy or Deliberate?
Article by Lincoln Murphy
When it comes to SaaS marketing, we know that Random Effort Yields Random Results… but it gets worse. The problem I see too often – and the catalyst for this epic post – isn’t Random Marketing, but what I call Lazy Marketing. And lazy marketing is perhaps a more insidious form of marketing, if for no […]
SaaS Churn: Measure Revenue or Customer Retention?
Article by Lincoln Murphy
Okay, this is it… finally, my definitive answer on measuring SaaS churn! I’ve heard it all before… things like “Lincoln, you talk about churn a lot, but you don’t ever say anything!” First, that’s just hurtful. Second, all of these “how do I measure the success of a SaaS business?” questions depend on so many […]
SaaS Marketing: Random Effort Yields Random Results
Article by Lincoln Murphy
Never is it more clear that random effort yields random results than when you look at the “marketing” of far too many SaaS companies…. maybe even yours. Take a look at a SaaS company that’s stagnating or failing to reach their goals, and you almost always find this random hodgepodge of tactics that they “tried” […]
SaaS Growth Hacking: An Interview with Lincoln Murphy
Article by Lincoln Murphy
After I published “Rise of the Growth Copyists” where I said that really successful SaaS growth hacking is creative and that most just copy others, the guys over at GrowthHacker.tv reached out to me and wanted to setup an interview with me. Definitely check it out… a good time was had by all…. but before […]
Engagement is the key to lowering SaaS Churn
Article by Lincoln Murphy
If you’re dealing with a high SaaS churn rate, a lack of customer engagement could be the reason. Customer retention – or conversely customer churn – is a common struggle for expansion-stage SaaS companies, and while some of it may come as “growing pains,” there may be other causes… customer engagement may be the biggest […]
SaaS Marketing: Rise of the Growth Copyists?
Article by Lincoln Murphy
Let’s be clear… when it comes to your SaaS marketing plan, finding inspiration in the work of others is very different from copying them outright. The American playwright Wilson Mizner famously said: “If you copy from one author, it’s plagiarism. If you copy from two, it’s research.” So as a SaaS provider, if you copy […]
SaaS Free Trial: Require a Credit Card to begin?
Article by Lincoln Murphy
So, should you require a Credit Card to get started in your SaaS Free Trial? TL:DR – By asking for a Credit Card up front, you will get fewer prospects into your Free Trial with no guarantee of converting more paying customers. Now, if you’d like to know why that is, read on…
Who’s your ideal customer?
Article by Lincoln Murphy
Over the years I’ve helped hundreds and hundreds of SaaS providers from around the world rapidly accelerate customer acquisition and reduce their SaaS churn rates. And in just about every instance I found myself asking them the same questions. The fact that these questions were not easily answered or – if they were – that the answers […]
SaaS Customer Success: Eliminate ‘Dead Ends’ to Drive Engagement
Article by Lincoln Murphy
What if I said there was something you were doing right now that was actively reducing your SaaS customer success? What if that thing you’re doing was standing in the way of driving higher levels of engagement and was reducing the amount of expansion revenue you’re generating while potentially increasing churn? What if I said […]
SaaS Customer Success: Start with Quick Wins
Article by Lincoln Murphy
SaaS Customer Success starts by orchestrating “Quick Wins” for your customers, helping them bypass their natural tendency to seek out reasons not to use your service! I was in Silicon Valley recently and I found myself talking about this idea of “Quick Wins” several times within the context of SaaS Customer Success and I wanted […]
SaaS Churn Threats: Identify and Retain At-Risk Customers
Article by Lincoln Murphy
Now that you are attracting the right customers and monitoring for and driving engagement to lower your SaaS Churn Rate, you need to start monitoring and getting proactive on Churn Threats. SaaS churn threats aren’t just a signal that you have an at-risk customer; these are literally threats to your business, your revenue, your valuation […]
SaaS Churn Rate Improvement: Monitor and Drive Engagement
Article by Lincoln Murphy
In my last post I shared some actual ways to reduce your SaaS Churn Rate, including attracting the right customer and managing expectations. In this post, I’m going to go deeper, and share some awesome methods for improving customer retention by leveraging the power of the SaaS business model, specifically the ability of the provider […]
SaaS Churn Rate Reduction Starts with Attracting the Right Customers
Article by Lincoln Murphy
Customer churn can have a devastating effect across your entire SaaS company. From the negative impact on your company valuation because your SaaS churn rate is too high, to the drag on growth you feel when you have to replace lost customers or revenue before you can make forward progress… churn is bad news. Over the […]
SaaS Churn Rate: Go Negative with Expansion Revenue
Article by Lincoln Murphy
I mentioned, “Expansion Revenue” and “Negative Churn” in my post SaaS Churn Rate: What’s Acceptable? and I wanted to expand on those concepts a bit. But first… UPDATE 1 : Dollar Revenue Retention – DRR – is the latest SaaS churn rate metric you need to know about (after you read this post, of course). UPDATE 2: Actually, […]
SaaS Customer Onboarding: 3 Steps to a Successful Welcome Email
Article by Lincoln Murphy
For many SaaS and Cloud providers, email will be the main fuel for your Engagement Engine that you use to drive potential customers through your Free Trial to conversion or to drive new customers to become deeply invested in your service. SaaS customer onboarding starts with the welcome email, so when I saw this great post […]
SaaS Market Positioning: How to Compete in Crowded Markets
Article by Lincoln Murphy
Welcome to 2013 2014 2015 (still applies!)… it’s now time to figure out why your SaaS company even exists and what your market positioning is! If you’re a SaaS or Cloud provider in the Email Marketing, CRM, Project Management, File Sharing, Collaboration, Marketing Automation, Analytics,… or frankly most horizontal product categories… it’s time to do […]
SaaS Marketing Plan: 5 Ways to Get your App to Sell Itself
Article by Lincoln Murphy
When creating your SaaS marketing plan, you must understand that your business model of choice is a fully-integrated architecture where all aspects of the business – product, support, revenue model, and marketing – are tightly-coupled. Deviation from that model and understanding will affect growth, and most deviation occurs as a rift between marketing and product. “The […]
Common Conversion Activities (CCA): SaaS Free Trial Metric
Article by Lincoln Murphy
Before you read this article – which is really for companies that already have a good amount of customer data – I suggest reading a much more recent article “The Secret to Successful Customer Onboarding” which gives a much better perspective on how to design an onboarding (including Free Trial) flow. Once you’ve read that, come […]
5 Rules for SaaS Email Marketing and Transactional Messages
Article by Lincoln Murphy
SaaS providers should use email to drive Engagement, Conversion, and Retention, but to achieve those goals, some rules should be followed. UPDATED FOR 2015! Regardless of the type of email – Transactional or Marketing – your email has to: Get Delivered Get to the Inbox Get Opened Get Read Get ‘Em to Take Action Bonus: […]
Growth Hacking: 43 Ways to Drive Traffic to your Website
Article by Lincoln Murphy
WARNING: In 2014 2015 2016, relying heavily on SEO to drive traffic to your website is a recipe for failure! Okay, that might be a bit harsh… maybe SEO isn’t dead, but things have changed and you need to look beyond SEO to drive traffic to your website. If you put all your eggs in […]
SaaS Marketing Plan: 100 Places to Promote Your App (Part 2)
Article by Lincoln Murphy
You need to develop a robust SaaS marketing plan – but sometimes you just need to do some quick tactical things to get the ball rolling. First, see the first part of this series SaaS Marketing Plan: 100 Places to Promote your App (Part 1)… and then read this post.
SaaS Marketing Plan: 100 Places to Promote Your App (Part 1)
Article by Lincoln Murphy
This is Part 1 in the series… here is SaaS Marketing Plan: 100 Places to Promote Your App (Part 2) if you want to jump ahead. Marketing isn’t just advertising… it’s really the totality of your SaaS business: Product, Price, Promotion, and Place (Distribution)… Okay, so you’ve got the product covered, right? If not, here are […]
SaaS Conversion Rate Lies: 97% won’t become customers, anyway
Article by Lincoln Murphy
I’m going to expose one of the biggest lies B2B SaaS Executives, Entrepreneurs, and Marketers tell themselves and their team about their SaaS conversion rate… and if this hits a nerve, it is probably because you’ve told yourself – or have been told by your team – this very same lie! “We have a 5% […]
How to Develop your SaaS Pricing Model
Article by Lincoln Murphy
Developing your SaaS Pricing Model isn’t Rocket Science, but even in the Rocket Science business, you need to price your work so you can sell it and make money! This post is awesome (IMHO), but there’s an even better, more recent one that’s specific to early-stage SaaS companies: Pricing Strategy Framework for SaaS Startups Just so […]
Pivot to Profit: Ditch Freemium and Start Making Money
Article by Lincoln Murphy
Let me be clear… I don’t hate Freemium. In fact, I don’t hate any marketing strategy, revenue model, or user acquisition method – including Freemium – I just think sometimes more thought needs to go into the selection – or subsequent ditching – of your business model. UPDATED FOR 2014! What I’ve seen in just […]
Free Trials: Not just for Startups or toy Web Apps
Article by Lincoln Murphy
I am frequently asked to help SaaS, Web App, and Cloud companies on strategies to Accelerate Profitable Growth. One way we frequently achieve rapid and long-lasting results is by Accelerating Customer Acquisition through the Optimization of their Free Trial Strategy.
Why $1 Trials are a REALLY Bad Idea
Article by Lincoln Murphy
It is well-known that I help B2B SaaS and Cloud companies achieve Profitable Growth, often by accelerating Customer Acquisition, improving SaaS conversion rates, and optimizing Free Trials. Because of that, I am often asked for my opinion or advice in public forums, like recently when I was asked about $1 Trials on Quora. At first, I […]
SaaS Pricing Model: How a 10x Price Increase lead to Happier Customers
Article by Lincoln Murphy
Stormpulse adjusted their SaaS pricing model by raising their prices 10x… and getting happier customers in the process. So I just had a Progress Check and Planning meeting with a retainer client, Matt from Stormpulse, who told me since they moved away from Freemium just 4 months ago to a Premium-only SaaS offering with a […]
