More than 90% of businesses that start with a subscription-based product fail. This is primarily because they don’t have a strong retention strategy in place. Don’t be one of them. We have listed 20 tips to raise your SaaS conversion rates and keep your customers happy. What is a SaaS Conversion Rate? … Read more
For the longest time, there’s been little education about the different types of SaaS business models. There are a few more marketing terms thrown around that make things more complex when they’re really fairly simple. We want to address the confusion and present an unbiased comparison of SaaS business models for anyone … Read more
Revenue streams have become a core factor in business growth. While the main revenue stream is undoubtedly sales, numerous other methods can be used to enhance and supplement the primary source of revenue. What are Revenue Streams? The revenue streams for SaaS businesses are similar to the revenue streams for any business. … Read more
Starting a new business has its own set of challenges, especially if you choose to begin your business journey in the IT industry. In such a competitive and saturated industry, few things can give you an advantage over others. One of the ways to get an edge over others in the IT … Read more
Revenue recognition is one of the General Accepted Accounting Principles (GAAP) that identifies the specific circumstances under which the revenue is recognized and determines how to be accounted for. It is usually recognized when a critical event occurs, and its dollar amount is easily measurable. Planning and adhering to Account Standard Codification … Read more
GAAP or Generally Accepted Accounting Principles is a common set of accounting principles, standards, and procedures that the Finance Accounting Standards Board issues. When accountants compile their financial statements for public companies in the United States, they must conform to the GAAP rules. GAAP combines authoritative standards set by the policy boards … Read more
When business owners are busy handling other things, invoicing becomes a challenge. Whether they are in charge of the customer services or their finances, they remain occupied all day. Every minute of their tight timetable is essential, and they want to make the best use of their time and abilities. Making money … Read more
SaaS Company or “Software as a Service” is a subscription-based business model that helps deliver services over the internet. Compared to the traditional software that often requires users to be physically present in a specific location, you can access SaaS software from anywhere using almost any device. SaaS providers either develop their … Read more
Deferred revenue has many benefits as well as risks that come with it. Understanding deferred revenue, as well as its pros and cons, can help you better apply it in your business. Using that knowledge, you can also be more cautious and safeguard yourself against the liabilities and risks that you might … Read more
Evaluating and selling a SaaS company is not easy. In the small business realm, evaluating a SaaS company is a topic of discussion and you can take a variety of approaches. However, if you are studying how the best practices of SaaS M&A work, you can identify some basic metrics you need … Read more