Casey Golden, founder and CEO of luxury retail platform Lux Lock, explains her enterprise pricing strategy at the SaaS Open conference.
0:00 / 0:31exact quote · 31.9s
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“We knew that if we charged by accounts for our SaaS fees we'd leave a billion dollars on the table, because there's not as many accounts as there are locations, and if we charge for user licenses, we'd bottleneck our adoption. But everyone is used to user licenses, so we built it into our model to leverage Free user licenses as a negotiation point instead of touching our SAS fee.”
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More from Casey Golden
Opinion
Golden: Zendesk Should Not Be on Loro Piana's E-Commerce Store
“Personally, I didn't feel like Zendesk should be on the e-commerce store of Laura Piana”
Casey GoldenApr 27, 2023▶ 11:48How to upsell discounted customers to generate 10x more in MRR
Insight
Golden: Software Companies Should Tie Revenue-Share Pricing to LTV Lift
“I think that there's a lot of opportunity for some type of revenue share for LTV. If you're really able to support a company's LTV and increase that, There should be able to be some point of lift that they're going to lose their LTV numbers if your software go…”
Casey GoldenApr 27, 2023▶ 15:22How to upsell discounted customers to generate 10x more in MRR
PredictionNot checkable as stated
Golden: Lux Lock on Track to Hit $5M ARR Post-Beta
“We're on track for our first year out of beta to hit five million AR, just in the SAS fees.”
Casey GoldenApr 27, 2023▶ 3:49How to upsell discounted customers to generate 10x more in MRR
Insight
Golden: Inconsistent SaaS Pricing Destroys Trust Among Luxury Brand Founders
“Essentially, if we priced too low, we would never build a raise or increase our prices with our customers. If we were inconsistent, we would lose all of our relation, like, our customers' relationship and our integrity with them, because unlike a lot of busine…”
Casey GoldenApr 27, 2023▶ 4:17How to upsell discounted customers to generate 10x more in MRR
AssertionNot checkable as stated
Golden: Most Lux Lock Customers Achieve a 30x Return on Investment
“So instead of a five X return, most of our customers have been getting a 30 X return.”
Casey GoldenApr 27, 2023▶ 6:11How to upsell discounted customers to generate 10x more in MRR
AssertionNot checkable as stated
Golden: Most Luxury Brand CRMs Do Not Sync Across Stores or Countries
“Most brands you can't, their CRMs don't sink across stores, let alone countries, and they need to manage warranty services, and so your LTV is not going up when you shop in Milan, LA, or New York”
Casey GoldenApr 27, 2023▶ 12:53How to upsell discounted customers to generate 10x more in MRR
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