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- #13 - Write your SaaS Growth 📈
#13 - Write your SaaS Growth 📈
Ciao SaaS founders & marketers! My name is Ricky, and every Saturday, I curate/create this weekly newsletter ‘Write your SaaS Growth’ by SaaSwrites - a SaaS Marketing Hub.We discuss curated growth tactics, strategies, and marketing channels in easy-to-digest nuggets to help grow your SaaS.If you'd like to unsubscribe, click here.Welcome to the 13th edition of Write Your SaaS Growth.TL;DR In this edition, we discuss:Ads: With ads, you don't have to wait for growth to happenCold Email: A high conversion formula for your cold emailContent Marketing: Formatting and design contribute to clear messagingCommunity: You don't have to build a community to leverage value from oneCopywriting: Apply QUEST framework for your Hero sectionEmail Marketing: Simple email automation flows can reduce churnGrowth Marketing: offering value with upsell & cross-sell Sales: A SaaS demo call is to discover painSEO: Have helpful guides for all your featuresSocial Media Marketing: Influencers representing your brandLet’s GO!!
Growth Tip of the Week!
How do you define SaaS Growth?
Many SaaS firms prefer MRR -
MRR = Avg. billed amount * No. of customers
But what about -
1) CLV per customer
2) Churn rate
3) Customer retentionA better formula would be
SaaS growth = acquisition rate * avg. CLVHow to optimize?
— Angshuman (@B2BSaaSNerd)
6:57 PM • Aug 10, 2022
Ads
It's a great idea to start running ads in the first opportunity you get. There is no waiting for growth. You turn up right in front of your customers who need your product. It's easy and scalable.
Cold Email
Cold email with a cast study can drive an insane ROI. Here's one example that you can use for let's say a Blogging SaaS:
We recently helped a lifestyle brand in {niche} save {~15 hours a week } from {month1} - {month3} using {productName} with {a reliable technical SEO} leading to them increasing traffic growth to {107% MoM}.
@LeeviEerola@cbwritescopy > Using Case Studies
Case studies are going to move the needle an INSANE amount
You’ve generated $X in just Y, by Z
Remember the offer components??
X = Quantifiable result
Y = Timeframe
Z = Mechanism
A great cold email is a reframing of your offer in creative ways
— Niall 💥 (@inboundcash)
10:59 AM • Aug 18, 2022
Content Marketing
Formatting matters. Design matters. Both contribute to better marketing and clearer messaging. Readers won't stay engaged if you're making the reading experience hard to do. This is something I'm learning as I write. Always keep breaking your content with a variety.
Making content reader-friendly, clear, and easy to absorb are one of the most overlooked elements in content marketing.
— Samantha Leal (@samanthalcc)
12:56 PM • Aug 19, 2022
Community
To leverage the power of a community, you do not have to build one from scratch. Leverage existing communities. Particularly Facebook groups, niche forums, and Reddit. Your customers are asking for your help!
Copywriting
The best way to apply copywriting principles is through a framework. The Quest framework is great for the all-important brand hero section of SaaS products serving a niche.
Email Marketing
Email marketing is still underutilized. Email is a great way to help your existing and interested customers educate about your value. Look into some simple email automation and flows and start designing your emails. It's a great way to reduce churn too!
Growth Marketing
There's so much that an average price increase can do. Pricing should never be a motivation for your customers. If your customers are choosing you based on pricing, they will leave you sooner than later. Offer upsell or cross-sell value once you have stable retention. That will help you increase your MRR.
#2 Increase Avg. Revenue per Account (ARPA)
Once your churn rate is in control, try increasing the avg. revenue per account.
2 ways for this -
1) Cross-selling - sell additional products at a discount
2) Upselling - sell a larger package with more features— Angshuman (@B2BSaaSNerd)
6:57 PM • Aug 10, 2022
Sales
A great SaaS sales demo or discovery call is to discover the pain. Figure out their day-to-day workflow on how to overcome their pain with your SaaS. Quantify the pain with a financial metric or time metric. And then shut up! You will most likely close a sale.
SEO
For a new SaaS product, the best SEO strategy is to have helpful guides for all your features. Match these guides with a user's intent. User guides are also a great support buddy for your customers other than generating a helpful article that also brings more customers.
SEO Tip for SaaS websites 🔥
âš¡ Google loves content that answers user's questions
What you can do 👇
Create public help docs, guides and tutorials for your software 🤯
Your users will benefit from the content and strangers will be able to find your SaaS on search results 🚀
— Roberto Robles 😺 🚀 (@robertodigital_)
5:00 PM • Aug 18, 2022
Social Media Marketing
Your SaaS product that is reinforced over time to an influencer's following brings a high affinity. Find influencers who want to be a true representative of your brand. The result? More consumer trust and often lower influencer rates.
Behind the scenes
I got my first B2B customer! Yes, this is such a big win after all the effort and hard work. It's through a marketplace and is an inbound lead that got converted in a sales call. There are 5 more inbound leads with trials. Hoping for a great turnaround!
Got my first SaaS customer for a B2B product.
Taken an annual plan for $55! 🎉
Happy Sunday to all of you 🙂
— Ricky (@rickywrites)
9:27 AM • Aug 14, 2022
Thanks for reading! SaaSwrites is a humble attempt to help SaaS founders and marketers grow their SaaS.
See you next Saturday.
Ricky,
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