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Top SaaS Marketing Metrics and Strategies to Use in 2022

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Top SaaS Marketing Metrics and Strategies to Use in 2022

There are numerous SaaS marketing metrics to monitor. Even if we’re surrounded by resources and tracking software, it can be difficult to keep track of them all—even if you’re not doing the heavy lifting.

It is critical that we prioritize which SaaS marketing metrics are important to our businesses and, consequently, our teams. We don’t want to waste time on vanity metrics that won’t be very useful to us in the future.

We want to concentrate on improving our products, increasing acquisition and retention, and, ultimately, improving our bottom-line return on investment (ROI). Similarly, once you have a firm grasp of your target customer, competition, and selling point, you can begin developing your SaaS marketing strategy.

What exactly is SaaS?

SaaS or Software as a service represents subscription-only businesses. It is software viewed online through a subscription as opposed to being purchased and installed on a PC or laptop.

Shopify, HubSpot, and MailChimp are examples of well-known SaaS startups. While many people associate SaaS companies with selling directly to enterprises, consumer-facing SaaS companies include Netflix, Hulu, and Spotify.

SaaS Marketing Explained

At first glance, a SaaS marketing strategy appears to be no different than any other marketing strategy. You have a product, you promote and market it, and you hope to sell it to a large number of customers.

However, SaaS products are not the same as other products. For starters, you can’t physically hold a SaaS product in your hands; it lacks physical presence. As a result, selling SaaS products requires a different strategy. This is where SaaS tools and marketing come into play.

What do SaaS Marketing Metrics Mean?

SaaS marketing metrics are values that marketers use to evaluate the effectiveness of their strategies and campaigns. A metric can be used to

  • compare the past performance of your SaaS business to its current performance;
  • track your productivity against industry benchmarks; and
  • compare your effectiveness to your competitors.

What Are the Top Saas Marketing Metrics?

Customer Turnover

If gaining new customers is your ultimate goal, then keeping your current ones is equally important. The customer churn rate calculates how much business you’ve lost in a given period of time. This is among the most important metrics for tracking your company’s day-to-day viability and can help you better understand customer retention metrics over specific dates or periods.

When you’re tracking customer churn, go beyond just the customer count. Determine the personas of these churned customers, as well as the industries or anything else distinctive that can shed light on why they did not renew.

Revenue Loss

To assess the external impact that some customers may have over others, revenue churn should be measured alongside customer churn. If the subscription price varies depending on the number of seats or users purchased, the customer churn rate may be significantly different from the churn rate if some customers generate significantly more revenue than others.

Customer Lifetime Value (CLV)

The average amount of money that your customers pay during their engagement with your company is referred to as customer lifetime value (CLV). CLV demonstrates how much your average customer is worth.

It can also demonstrate the value of your company to investors for those who are still in the startup phase. Because most SaaS businesses use subscription-based models, each renewal results in another year of recurring revenue, increasing the lifetime value per customer.

Customer Acquisition Cost (CAC)

Customer acquisition cost (CAC) identifies the exact cost of acquiring new customers as well as the value they bring to your company. When combined with CLV, this metric assists businesses in ensuring the viability of their business model.

New businesses should have customer acquisition as their top priority. Fully quantified CAC rates assist businesses in managing their growth and accurately estimating the value of their acquisition process.

Customer Engagement Score

A customer engagement score can give you an idea of how engaged a customer is — how frequently they log in, what they use your software for, and other contributing metrics that indicate whether or not they will churn.

The customer engagement score scale for each company will differ depending on how a typical customer or user interacts with your software. Create your own customer engagement score by creating a list of inputs that predict a customer’s happiness and longevity — beginning with your happiest, longest-standing customers.

The Net Promoter Score (NPS)

Unlike the previous financial steps, the net promoter score directly indicates how much value your customers receive from your offering. NPS measurement enables you to quickly determine why customers are dissatisfied and use their feedback to improve your offering. In the early stages of a SaaS business, customer feedback can help determine whether you have product/market fit.

You can obtain NPS from your customers by asking them a simple question: “How likely are you to be recommended to a friend or colleague?” On a scale of one to ten, with ten being the most likely and one being the least likely, customers can rank their likelihood to suggest. You can contact detractors who have given you a score of 6 or less to find out why they are unhappy with your service.

Sign-Ups for Free Trials

The referral traffic rate, overall website, and organic traffic, time spent on your website, number of social media shares, and so on are all important metrics, but there is one that encompasses them all.

The number of sign-ups for a free trial demonstrates how many people are actually interested in purchasing from your company. They are the most likely to convert, and higher rates indicate greater marketing success.

We’ve discussed some most important metrics. Let’s move on to important SaaS marketing strategies.

Timeless Marketing Strategies for SaaS

Make Use of Content Marketing

For every SaaS website, content marketing is a true lead generation strategy. Publishing high-quality content increases traffic to your website. Always choose the topics that are relevant to your target audience’s interests.

If you want your content to rank, generate backlinks and create stunning content. In order to determine how many backlinks you should have, perform a backlink analysis of ranking content. Once your content becomes relevant and engaging, your company will gain a reputation as an authority in the SaaS industry.

Spend Time Improving Your Website’s SEO

Nothing works as well as a comprehensive SEO strategy for increasing site traffic. Search engine optimization (SEO) works in tandem with content marketing analytics. The basic concept is straightforward.

A site must be tailored and tweaked so that it ranks as high as possible in search engine results pages. Only then will your website receive more traffic. Take a look at a good example of SEO and content marketing in general on the painter salary blog.

Invest in Paid Search (PPC)

PPC advertising is another Digital Marketing area worth investigating. As a SaaS marketing strategy, it should not be viewed as a replacement for content marketing and SEO. What it can be, however, is a fantastic complement to those two processes. Especially if you want to get some quick traffic wins.

If you do decide to invest in PPC ads, you want to get the most bang for your buck while keeping customer acquisition costs low. Your marketing team must create engaging and appealing advertisements that convey the benefits of your service. Repeated testing is the most effective way to improve the conversion rate of your ads. Create numerous ad copy variations, conduct extensive keyword research, and track metrics.

Implement Intelligent Referral Marketing

The digital equivalent of word-of-mouth advertising is referral marketing. It entails asking current customers to recommend your service to people they know, either privately via email or publicly via platforms such as LinkedIn.

Don’t forget when sending these types of messages to implement the untapped channel of email signatures. We believe email signatures are an untapped channel many marketing and sales teams need right now, but most don’t take advantage of it. This is a great strategy to develop. Here is an article about it. Referral marketing is an effective SaaS marketing strategy because it increases the likelihood of attracting qualified leads.

Make Available Free Trials and/or a Freemium Model

It’s difficult to find a SaaS company that doesn’t provide a free trial. This is because free trials are extremely effective in selling SaaS. A free trial can help users understand how your software works, from customer relationship management CRMs (Customer Relationship Management) to voice over internet protocol VoIP (Voice over IP).

A freemium model gives the customer an unlimited free version, but they must be paying subscribers to access many of the features. This way, you’re giving customers a taste of the benefits they’ll receive if they sign up properly.

Make Use of Outbound Marketing

Outbound marketing is when a company proactively contacts potential customers in order to pique their interest in a product or service that they are selling. Outbound marketing involves the company initiating the conversation and pushing a message to their customers rather than waiting for them to come to them. Outbound marketing examples include:

  • Television commercials
  • Radio commercials
  • Telephone cold calling
  • Emailing strangers
  • Publications in the press
  • Trade fairs
  • Series of seminars
  • Spam emails
  • Media buys

Make It Simple to Sign Up

For anyone who runs a SaaS business, creating the signup page is usually the most difficult obstacle to overcome. If you get it right, you’ll be on your way to growing your business at a much faster rate. A long and complicated signup form is not acceptable. Your onboarding process should be short and efficient. Don’t ask for information that’s not critical.

Utilise Clear CTAs

Always tend to make moving around your website as frictionless and efficient as possible. You want the process of becoming a customer to be as straightforward as possible. This can be helped by incorporating clear calls to action (CTAs) into your content marketing strategy.

Get a VSA

A virtual sales assistant handles your sales and sales support tasks, freeing up your time to focus on ‘core’ functions that directly affect your revenue. Get yourself a virtual sales assistant to help you with sales while you focus on growing your business. Your sales VA will relieve you and your sales department of administrative duties.

To Summarize

So you now have many actionable steps and a wealth of additional information to assist you in reaching your SaaS marketing objectives. Implement all of these suggestions or just the ones that stand out to you. This will be your SaaS marketing strategy and it should reflect your brand and your business.

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MARKETING

How to Create Evergreen Content That Generates Traffic to Your Site

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How to Create Evergreen Content That Generates Traffic to Your Site

Every digital marketer understands that publishing articles or blog posts on your website is an excellent way to create content for your SEO strategy and build awareness. On top of that, you also get to connect to your audience on a deeper level.

However, many marketers focus on publishing seasonal content or articles on trending topics, which can drive traffic, but only for a limited time.

According to HubSpot’s State of Marketing Trends Report (2022), 83% of marketers say it’s better to focus on quality rather than quantity of content, even if it means publishing fewer blog posts.

But if your content depends on trending topics, how can you create quality content that lasts? Enter evergreen content.

First, let’s be honest; creating evergreen content isn’t a walk in the park. Many marketers have tried creating this type of content on their websites but can’t seem to get the results they need.

So how do you create something that doesn’t age?

In this article, I’ll discuss what evergreen content is, why it is important to have one, and how you can create one that will give you lasting results.

Let’s get started.

Evergreen Content Explained

I’m pretty sure many of you have heard this term many times already, and some of you might have an idea of what it is.

But for those still unfamiliar with it, evergreen content is search engine-optimized content that is relevant all year round and can stay fresh over an even longer period. Some may argue that any content is sustainable, given that it remains published once you upload it to your site.

But evergreen content isn’t just any other content. It continues to be of interest to your target audience even after its publication date, attracting more visitors over time.

The topics used in evergreen content are those that many users will search for at any time of the year, making it an excellent strategy for SEO and content marketing.

This type of content comes in many shapes and sizes. Depending on your products or services, evergreen formats can range from listicles, how-to guides, tips, reviews, and videos. Something to note is that producing these formats doesn’t automatically make your content evergreen.

The main ingredient to making evergreen content is the topic, which should stand the test of time.

To understand this better, let’s look at seasonal content. This type of content contains topics tied to a specific time of the year, a trending item, or even in the news or social media. The hype on these topics usually dies down once enough time is passed.

For instance, marketers often produce content for various holidays like Thanksgiving or Christmas.

Content around these times can often generate traffic, but once the holiday is over, it’s unlikely that level of traffic will continue.

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Why Is It Important to Have Them on Your Website?

It’s no secret that seasonal content can quickly generate a lot of traffic to your site, but it can become irrelevant even quicker as new trends emerge.

Evergreen content can give you lasting results and so much more. Here are some reasons why you should start creating one:

  • Great for SEO. Evergreen topics are usually searched, which means your content will likely rank on search engines. On top of that, it will always drive traffic to your site and keep on doing so, especially if it’s high quality.
  • Lead magnet. Since you’re showing your expertise through evergreen content, it can encourage visitors to check your product or services. And because it’s relevant all year round, you can use it to attract new leads every time.
  • Excellent marketing material. This is one of my favorite benefits of evergreen content. You can promote it repeatedly, making it a versatile marketing tool.
  • Add value to you and your customers. Since it answers a common problem that your target audience has, you can help them address their issue. At the same time, the steady traffic it provides can help your website grow.
  • Impactful investment. Creating evergreen content takes time. This ensures that you provide high-quality content that will always be interesting to your audience. That’s why it’s an excellent investment by providing significant returns in the future.
  • Lasts for years. The idea that evergreen content can last for years ultimately means less work for you. A single high-quality post can give you a real bang for your buck, compared to seasonal ones that only last for a week or, if you’re lucky, a couple of months.

Step-by-Step Guide: Creating Evergreen Content

Now that we’ve established how critical evergreen content is for your digital marketing strategy, it’s time to learn the ropes of creating one that can be impactful for years. Follow these steps to begin:

1. Find a Problem to Solve

For evergreen content to succeed, it should solve a problem your customers face. It doesn’t have to be a major problem, but it’s something that many people may encounter in their lives.

For example, if you sell car parts like tires, one problem many car owners can encounter is changing their tires. You can create an article or a video showing your customers how they can change their tires and how often to rotate them to avoid wear and tear.

Now you’re not only solving their problem but providing extra value!

But I get it that you just don’t magically stumble upon a problem, and you need to put in some work to find the right fit for your website. So here are some steps you can take to find out the best problem you can address in your evergreen content:

  • Ask yourself. You know your business well, and you can use this first-hand knowledge to look for pain points your customers are facing.
  • Ask your customers. Don’t be afraid to send surveys to your customers. The worst thing that could happen is that they won’t answer it. But the benefits? Learning about their problems and what they expect from your business.
  • Check your competition. While some may tell you to copy what your competitors are doing, I think many other opportunities are available to avoid doing this. Instead, check to see what they’re doing so you can understand what works and what doesn’t. From there, it’ll be easier to come up with an idea of what problem you want to solve for your customers.
  • Check the internet. The internet is an excellent tool, especially if you know how to take advantage of it. One way is to check frequently asked questions about a particular industry through platforms like Quora and Reddit. You’ll be surprised by what information is waiting for you.

2. Conduct Keyword Research

Since evergreen content is a search-engine-optimized piece, it requires some keyword research to make it as effective as possible. This will also allow you to determine whether the problem you want to solve has merit, and people are actually searching the internet for answers to it.

So how do you go about this?

First, you need to invest in the right tools. While there are numerous tools, like Google Trends and Keyword Surfer, that can provide you with basic keyword research features for free. You might miss out on opportunities that only paid tools can provide. But if you’re not ready to shed some cash, the free versions can also give you valuable insights.

Next, you need to understand what to look for. The monthly search volume is the most important metric you have to check when conducting keyword research. This can tell the potential amount of viewers you can reach with a particular keyword or phrase.

However, note that there is yet to be an actual benchmark on what a healthy monthly search volume is, especially since niches and industries vary in size.

For instance, if you are working on a popular niche like fashion or beauty, you can see that the search volume is high. But a very specific niche, like bass fishing, may have a lower volume. Be sure to only compare different keywords in your niche.

Lastly, use long-tail keyword phrases instead of just keywords. Almost everyone we know uses the internet for answers to just about anything. So, when you optimize your content for longer keyword phrases, you can get their attention easier since it usually focuses on a more specific topic.

Going back to our example on the car parts business, your keyword phrases for tire changing content can include “how long does it take to change tires” or “how often should you change tires.” They also have high search volumes, meaning many people are interested to know the answers to those questions.

3. Create a Topic Using Your Chosen Keywords

Now, let’s go to the fun part. Once you have all the details you need and have collected all the keywords you want to use, it’s time to think of a topic for your evergreen content. To help you out, here are some questions you can ask yourself when coming up with a topic:

  • Will it be relevant to your customers after a year?
  • Will your customer and potential customers always search for this topic?
  • Will it be easy to reshare this topic on various platforms over and over without seeming outdated?

If your answer is all yes, then you found your golden ticket. You can frame this as your working title to see how to structure and position the content and think of any other related topics you might want to touch on along the way.

Important Things to Remember

Creating evergreen content may sound easy, but there are other things you need to consider to make it successful. You already have a topic in mind, and that’s a good start. However, there are other things that you need to remember when you’re putting it all together.

1. Make It Informative

Always remember quality over quantity. While longer blog posts can rank higher in search engines, it’s better to provide value to your audience than the search algorithm. As an example, if you were writing about the benefits of Google My Business software or social media marketing trends, your articles should still give some value to the readers. With this in mind, ensure your evergreen content is as long as it’s supposed to be—no fluff to achieve a particular word count. Your content should be made for humans, not robots.

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2. Don’t Forget the Layout

Even if you have the best evergreen content piece in the world, if it doesn’t have good design and proper formatting, your efforts are put to waste. So, apart from ensuring your content can rank, you must deliver a memorable reading experience.

This will not only build customer trust but can potentially convert visitors to customers.

When it comes to optimizing the layout and design of your evergreen content, make sure that there is enough white space between the paragraphs. This makes it easy for your visitors to consume the content.

Next, don’t put a lot of distractions. If you do, they won’t be able to finish the content and will jump to another page. Lastly, make it visually appealing. You can add relevant images or videos to break walls of text. Just make sure you can get your readers at the end.

Remember, the longer readers stay and read your content, the higher your chances of turning them into qualified leads.

3. Regularly Update Your Content

Just because evergreen content can last for years doesn’t necessarily mean you can just upload it and never touch it again. Since your main goal is to provide information to your customers, you must ensure that those details are updated every time. It doesn’t have to be every week; you just need to ensure that the information is not outdated so you won’t mislead your readers.

You can also use this opportunity to link other website pages from your content. This can help with your overall SEO strategy, especially if the piece generates a lot of traffic. If you have already created evergreen content, here are some things you need to update:

  • Data and Statistics
  • Quotes
  • Screenshots and images
  • Titles
  • Examples

I don’t recommend adding dates to your evergreen content URL if you can help it(e.g., Best-Apps-for-Video-Editing-2022), as it will quickly become outdated, and your SEO efforts are going to waste every time you change the link.

But if you’re using one in your title, make sure you update that too. You can also use the help of AI writing software to add extra paragraphs and beef up your post a little.

4. Write for Beginners

This may sound counterintuitive, especially if you want to assert your expertise in the field. But people who search for broad topics are usually not experts, so ensure your content can cater to a large audience.

That’s why it’s best to avoid technical jargon. It’s okay to mention it when necessary. Just ensure that you give a brief explanation about it. At the same time, keep your tone conversational. Read your sentences and paragraphs to check if they sound natural.

5. Promote Your Content

Now that you’ve put together your winning content piece, it’s time to put it to work to reach your audience—it just doesn’t automatically give results after you publish it. This is where content promotion comes in.

There are various ways you can promote your content. This can be through social media sites like Facebook or Instagram. You can also promote it via email, especially if you have an extensive mailing list. Or even via guest blogging.

Since this can stand the test of time, you can promote it repeatedly, which is perfect for times when you just don’t know what to post.

Conclusion

Before evergreen content can give you the desired results, you must ensure that Google knows your site exists. If not, then you should index your site first and then work from there.

Creating evergreen content that lasts requires a lot of work, and you should be willing to do it. By following these practices I’ve shared, you can make an effective piece to drive ongoing growth to your site.

The results may not be quick, but if you do things right, you’ll reap the benefits far longer than you think.


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