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13 Strategies to Boost SaaS User Retention and Renewals
The statistic shows the worldwide IT spending on enterprise software from 2009 to 2020.
Only 8% of large companies use internet sales strategies. The proportion of companies relying on internet sales increases as company size decreases
In 2017, the world invested around 3.4 billion U.S. dollars in small hydropower technologies, down from 3.9 billion U.S. dollars in 2016.
In contrast to these, the median annual churn rate for smaller, private SaaS companies with less than $10M in revenue is 20%
In 2017, Foxconn Technology Group achieved a net income of 135.37 billion New Taiwanese dollars, the equivalent to approximately 4.55 billion U.S. dollars.
The very best SAAS business has a negative churn rate and will have a Dollar Retention Rate of greater than 100%
Is your SaaS business viable?
More than two thirds of SAAS companies experienced annual churn rates of 5% or higher
How To Make Pricing A Constant Process In Your Organization
For a SaaS business of almost any scale, the valuation impact of better retention is in the tens of millions over time