The Martell Method w/ Dan Martell

How To Increase Activation & Adoption Of Your SaaS Product


Listen Later

Exclusive Download: Revenue Retention Cheatsheet™ - Stop The Bleeding & Scale Your Marketing With Confidence - http://bit.ly/2sbvqLU

--

I was recently working with a SaaS Academy client who had a serious churn problem.

So serious that he was letting 18% of his accounts disappear without a fight.

Couple that with skyhigh acquisition costs and flatlining expansion revenue… and let’s just say that this company was playing with some serious fire.

“Scale” wasn’t a word you could use with a straight face.

Make no mistake…

This was a survival game.

In this week’s video I breakdown the 5 key initiatives we took to get this company off of life support, shrink churn down to 4%, and achieve net negative churn – aka the holy grail of any SaaS company with serious plans to scale.

At a high level, here’s what it takes to activate your customers and keep’em around for the long haul:

  1. Build an onramp
  2. Create a support network
  3. Project a future
  4. Monitor for lows
  5. Flip the cancellation

That last step tends to get a lot of pushback from my coaching clients… until they implement it and see how powerful it is for keeping customers in the fold and turning potential ship jumpers into raving flag bearers.

Short story:

It involves NOT letting a customer cancel through a single click on your website…

But bringing the cancellation to a call where you can dive deeper into the reasons, see where your product failed to deliver, and in more cases than not, win back the account by vowing to fix things fast.

At the very least, you’ll get the rich feedback that in the long term is worth 100x more than the account you lost.

Watch the full episode to get the complete list of “activators”, and then drop a comment letting us know what you’ve implemented in your own biz to activate users and keep them around for the long haul.

--

Dan Martell has advised more startups than his hometown has people and teaches startup founders like you how to scale. (Get the free 3 videos to grow your business here.) He previously created, raised venture funding for and successfully exited two tech startups: Flowtown and Clarity.fm. You should follow him on twitter@danmartell for tweets that are actually awesome.

+ Instagram (behind the scenes): http://instagram.com/danmartell
+ Facebook (live trainings + Q&A): http://FB.com/DanMartell
+ Twitter (what I'm reading): http://twitter.com/danmartell

Exclusive Download: Revenue Retention Cheatsheet™ - Stop The Bleeding & Scale Your Marketing With Confidence - http://bit.ly/2sbvqLU

...more
View all episodesView all episodes
Download on the App Store

The Martell Method w/ Dan MartellBy Dan Martell

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

304 ratings


More shows like The Martell Method w/ Dan Martell

View all
The Cardone Zone by Grant Cardone

The Cardone Zone

3,899 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,804 Listeners

REAL AF with Andy Frisella by Andy Frisella #100to0

REAL AF with Andy Frisella

32,491 Listeners

THE ED MYLETT SHOW by Ed Mylett | Cumulus Podcast Network

THE ED MYLETT SHOW

14,043 Listeners

Bedros Keuilian Podcast Show by Bedros Keuilian

Bedros Keuilian Podcast Show

2,226 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,302 Listeners

Dropping Bombs by Brad Lea: CEO, Entrepreneur, and Host of The Bottom Line

Dropping Bombs

2,292 Listeners

The Russell Brunson Show by Russell Brunson | YAP Media

The Russell Brunson Show

893 Listeners

The Home Service Expert Podcast by Tommy Mello: $200 Million Founder|Forbes, Inc., Entrepreneur Columnist

The Home Service Expert Podcast

668 Listeners

Next Level Podcast with Jeremy Miner by Jeremy Miner

Next Level Podcast with Jeremy Miner

144 Listeners

Wealthy Way by Ryan Pineda

Wealthy Way

2,126 Listeners

Dan Kennedy's Magnetic Marketing Podcast by Russell Brunson

Dan Kennedy's Magnetic Marketing Podcast

158 Listeners

Build with Leila Hormozi by Leila Hormozi

Build with Leila Hormozi

826 Listeners

Andy Elliott's Elite Mindset Motivation and Sales Training by Andy Elliott

Andy Elliott's Elite Mindset Motivation and Sales Training

155 Listeners

BigDeal by Codie Sanchez

BigDeal

712 Listeners