What's on my SaaS scorecard
What metrics do I care most about for Boast? What are our biggest Key Performance Indicators?
We use Baremetrics, which analyzes our Stripe credit card processing activity and builds a dashboard to give insight into the business. Using Baremetrics, Google, and HubSpot, we consolidate the following metrics onto a scorecard weekly. Each of these bullet points also has a corresponding goal to meet to stay on target for our next milestone.
- Marketing site visits — total count that week of site visitors.
- Downloads / form fills — how many marketing qualified leads we got that week.
- Trial signups — how many people are kicking the tires on a trial.
- Total new contacts — total new contacts for nurturing.
- Demos — client demos given that week.
- New customers — how many new paid customers we got that week.
- Trial to customer rate — a trend line on our trial-to-customer close ratio.
- User churn — current churn rate from our Baremetrics dashboard. This is usually 3–6%.
- LTV — our current average Lifetime Value of a customer.
- CAC — client acquisition cost based on ad spend and marketing / internal efforts.
- Ad spend — ad spend for that week.
- MRR — current monthly recurring revenue number as of that week.
- MRR growth rate — for a nice trend line on our scorecard.
- Visitor to trial rate — what percentage of visitors we're converting to a trial.
Have questions about our SaaS scorecard or what data points are relevant? Ask me anything.