Strategies for Sustaining a SaaS Startup During a Recession

https://saassunday.beehiiv.com/p/saas-power-players-deels-skyrocketing-success-indian-titans-emerge-revolutionary-smart-meter-tech

by alvivanco • 3 years ago

2 1 3 years ago

saassunday.beehiiv.com

alvivanco• 3 years ago

Hey guys, I wrote about this topic in my latest newsletter, and I'd be curious to hear about any additional strategies you have implemented at your company.

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In times of economic downturn, reducing customer churn becomes even more critical for companies as customers may be more inclined to cancel subscriptions due to cost concerns and perceptions of value.

To combat this, here are a few tips for startups:

1.Identify potential issues and disengagement early by tracking daily active user (DAU) and monthly active user (MAU) data.

2.For accounts at risk of disengagement (those with below-average or infrequent login frequency), create opportunities for conversation through in-person sessions or feedback forms.

2.If cost is a concern for the customer, help your customer understand the value and benefits of your solution to justify the expense.

4.In addition to direct customer interactions, you can also address churn issues by revising elements of your product pages to convey value better and reinforcing the value proposition with customer success stories and case studies.

Strategies for Sustaining a SaaS Startup During a Recession

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