Embracing Customer Value Beyond Acquisition is crucial for SaaS companies. It’s easy to get caught up in the thrill of landing new customers, but many companies get stuck in an ‘acquisition addiction.’
They pour tons of money and effort into getting new sign-ups, sometimes without a clear picture of whether those customers are actually profitable in the long run.
This approach is likened to constantly filling a leaky bucket, where the focus is on acquiring new customers without ensuring their long-term profitability. Instead, improving revenue from each customer, even by a small amount, can have a significant impact on the bottom line.
Author's summary: SaaS companies should focus on customer value beyond acquisition.