Growing up, I had to fight off a lot of negativity. I made some big mistakes as a kid and the consequences haunted me for a long time. So when I tried to get ambitious or even toy with the idea of making a future, it always felt like someone was lurking around the corner, ready to tell me that I’d fail. Deflating me like a flat basketball. Thud.
Recently one of my coaching clients exited his SaaS company for $90MIL. That was on $860K in monthly recurring revenues. Literally 100X his MRR became his selling price. In case that isn’t clear... He made $90 million in a single sale, walking freely into an early retirement. There is some serious money to be made in a well-built SaaS... When you hear stories of overnight millionaires, it’s often some tech founder who exited their company for a huge sale.
I can’t believe this... One of the guys on my marketing team told me he Googled my name and you know what came up as a suggested search term? “Dan Martell Wife”. Google only suggests popular searches, so… Does that mean people are Googling who my wife is?! Oh man that makes me laugh. I’ve got a better idea -- How about you meet her?
There’s some technology out there that I’ll bet you aren’t even using in your business, and it’s a huge conversion booster! When I tried implementing this tech, you know what happened? It reduced my sales demo no-shows by 30%... meaning my sales velocity almost doubled! I also used it to warm up calls before the demos. So what is this mysterious wonder-tech? Here’s the surprise… you use it every day and it’s been around for years:
I was recently working with one of my coaching clients, Mark, when he drops this bomb: “How do I fix the feeling I have inside where I don't know why I'm doing this anymore?” (I hear this more than you’d think.) From everybody else’s perspective, Mark’s is extremely successful. $1M+ in monthly recurring revenue (MRR) from his SaaS with 60% NET profit But even the heavy-hitters have their head-scratching days, kicking the can down the street and wondering what the
Where does your entrepreneurial spirit come from? Is it in your blood? For whatever reason that I still haven’t figured out, I’m in a family of business owners. So for this week’s episode of Escape Velocity, I wanted to try something a little different. I sat down and interviewed Pierre Martell, the CEO of Martell Custom Homes. Yes… I interviewed my brother.
When I was 16 years old, I screwed up. It wasn’t pretty. There’s no way to sugar coat it... I crashed a stolen car into a house while trying to escape the police. High on drugs. No driver’s license. Stolen handgun in my backpack. And I woke up the next morning… in a jail cell... wondering what my life was going to look like.
Pre-selling your software before you’ve even built it is a very attractive idea. Think about it: You get people to buy a concept, take that money and use it to build the software, and then you launch it to everyone else. ...All with no money out-of-pocket.
Here’s a hypothetical for you: If your business suddenly took off - I mean like accidentally monopolizing your market and seeing exponential growth overnight - would you be able to handle it? Or would you crumble into a stressful wreck?
When I was building my company, Flowtown, I remember one of our potential investors talking about Expansion Revenue. I thought “Uhh… okay. What the heck is that?” You don’t wanna learn about this stuff FROM potential investors. Staring at them wide-eyed when they outsmart you doesn’t exactly scream ‘good investment’. But now I know how to use upselling to increase customer retention and leverage Expansion Revenue. It makes a real difference. I’ve used it in my own businesses and now