Statistic Info

Pricing is the most important lever in your business. True, we’re a bit biased given we work with pricing all day, every day. However, think about the fact that everything you do in your business, from sales and marketing to your product and support, works to drive people to your pricing page, convert them, and keep them around as loyal customers.

Yet, we’ve found that companies only spend 6 hours on their pricing strategy in the entire history of their business. Not six hours a year. Not six hours a quarter. Six hours total. That’s kind of like trying to power a jet with a steam engine.

 

PriceIntelligently

More Tech Services Stats

Growing faster has twice as much impact on share price as improving margins

More than 1/2 of SAAS companies increased their spending on customer retention last year

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business

The median average contract length is 1.3 years and the average billing term is seven months in advance in 2016. Comparable to 2015, with average contract length shortening from 1.5 to 1.3 years and average billing period increasing by one month from 2015 to 7 months

At Facebook, 15 percent of tech roles are staffed by women

Agile projects are twice as likely to succeed as projects run with traditional project management

There are around 3.8 million e-commerce sites in the USA

In 2017, the global adoption rate for biotech soybean amounted to 77 percent.

Internet sales-driven companies have a much greater reliance on marketing, with 65% of the median company’s CAC budget devoted to marketing

The median cost for a SaaS company to acquire a dollar of new customer revenue is $1.18

More Growth Strategy Stats

The median startup spends 92% of first year revenue on customer acquisition, taking 11-months to payback their Customer Acquisition Cost

Is your SaaS business viable?

The median SaaS business loses about 10% of its revenue to churn each year and that works out to about 0.83% revenue churn a month

In 2018, the global tech spending is forecast to amount to 3,212 billion U.S. dollars.

Median annual gross dollar churn was 8%, 7%, 6% and 8% in 2016, 2015, 2014 and 2013

If your Net Revenue Churn is high (above 2% per month) it is an indicator that there is something wrong in your business

In 2018, the U.S. imported aerospace products worth about 53.98 billion U.S. dollars.

The fastest growing SaaS companies raise an average of $9.5M in Series A funding

SAAS companies with >$250K median ACV book nearly 25% of their contracts at 3 years or longer

A University of Texas study showed that women ask for $7,000 less than their male counterparts in job interviews