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661: How Unbounce Hit $12M/Year In Revenue, 14k Customers, Very Little $$ Raised with Co-Founder Oli Gardner

661: How Unbounce Hit $12M/Year In Revenue, 14k Customers, Very Little $$ Raised with Co-Founder Oli Gardner

FromSaaS Interviews with CEOs, Startups, Founders


661: How Unbounce Hit $12M/Year In Revenue, 14k Customers, Very Little $$ Raised with Co-Founder Oli Gardner

FromSaaS Interviews with CEOs, Startups, Founders

ratings:
Length:
22 minutes
Released:
May 16, 2017
Format:
Podcast episode

Description

Oli Gardner. He’s the co-founder of Unbounce. He’s seen more landing pages than anyone in the planet. He’s a prolific international speaker and he’s on the mission to rid the world of marketing mediocrity by using data-informed copywriting, design, interaction, and psychology to create a more delightful experience for marketers and customers alike. Famous Five: Favorite Book? – How to Deliver a TED Talk What CEO do you follow? – N/A Favorite online tool? — UsabilityHub How many hours of sleep do you get? — Maybe 3 hours If you could let your 20-year old self, know one thing, what would it be? – “Learn how to make decisions”   Time Stamped Show Notes: 01:10 – Nathan introduces Oli to the show 01:49 – Unbounce is a SaaS business and a conversion platform for marketers which started as a landing page platform 02:00 – They just expanded to convertibles that have overlays that captures more leads and signups on the website 02:17 – Unbounce was launched in August 2009 02:33 – Unbounce has 6 co-founders 03:11 – Oli was broke and filed for bankruptcy 03:26 – Unbounce was initially funded by friends and family with $15K CAD 03:38 – Unbounce had a seed round and Angel round and has raised a total of less than 1 million CAD 04:12 – The 6 co-founders are all equal 04:22 – All are working full-time 04:50 – They’ve figured out a rough valuation 05:25 – 5 of the 6 co-founders are still active 05:41 – Team size is 184 05:49 – Members are based all around Canada and some in South America 06:14 – RPU is $93 CAD a month 07:05 – Unbounce lets anyone in for at least 2 years 07:11 – Their plans have been restructured in a way that is most beneficial 07:38 – Their $10-plan has been removed 07:57 – Unbounce now has professional marketers 08:10 – As Unbounce continues to grow, they’re trying to scale with their customers 08:33 – Unbounce currently has 14K active users 08:42 – You can create a demo account but you can’t get your own domain with demo 09:13 – Average MRR is just under $1.4M 09:47 – Unbounce had a problem with churn, like what most SaaS businesses have encountered 10:03 – “We know that you need landing pages for everything you do” 10:55 – 5% is the problem churn with Unbounce 11:30 – If Salesforce or Marketo have been integrated, the company is a larger company 11:47 – Overlays have been successful and there’s so much traffic and data 12:09 – Overlays are called overlays because they are similar to popups 12:20 – “We’re trying to be responsible with the technology because technology is not the problem, we are” 12:52 – Oli respects Bounce Exchange when it comes to the overlays world and they’re doing a lot with machine learning 13:06 – The biggest difference in using Unbounce is you will feel that you’re not using templated overlays 13:40 – Unbounce’s value is different from SumoMe and their targeting is getting smarter 13:55 – Most services like Unbounce charge $250-5K a month and Unbounce starts at $99 14:06 – There are cheaper ones in WordPress, but they’re not really good 14:21 – Oli is primarily a public speaker now and spends most of his time on the road 14:25 – Oli was actually scared to start public speaking years ago 14:33 – Nathan recommends watching Oli speak in public 15:15 – The rest of Oli’s time is spent with Unbounce’s marketing team and data scientists’ team 15:48 – Unbounce just got engaged with a new marketing agency 16:03 – LTV 16:14 – Unbounce had one marketing guy and he left, so they switch to a 5 digital local agency 16:33 – CAC 16:43 – The Famous Five   3 Key Points: Being broke should NOT hinder you from starting a business. A great product with a reasonable price will always attract more customers. Learn how to make decisions and don’t hold back.   Resources Mentioned: The Top Inbox – The site Nathan uses to schedule emails to be sent later, set reminders in inbox, track opens, and follow-up with email sequences Organifi – The juice was Nathan’s life saver during his trip in Southea
Released:
May 16, 2017
Format:
Podcast episode

Titles in the series (100)

Over 10M founders, CEO's, and investors have downloaded this 15 minute daily podcast from Nathan Latka. Each day Latka interviews a software (SaaS) CEO and gets them to share how they've grown (or not) so fast all backed by hard data points. To date, over 1000 CEO's have been interviewed that together do over $6b in revenue, have raised over $5b, and employ more than 180,000 employees. The magazine for CEO's: http://nathanlatka.com/magazine The Book for CEO's: http://nathanlatka.com/bookamazon