How I 10x’d revenue in 2 years

How I 10x’d revenue in 2 years

How I 10x’d revenue in 2 years

Matt Verlaque

I like to build software.

From My Free Newsletter: Dec 14, 2024

Of course you want more customers.

But you don’t need them.

Years back, my first company, UpLaunch, was plateaued at $200k in annual revenue, and I was working myself to death trying to grow.

The answer seemed so simple.

Get more customers.

Then I realized that was only 33% of the equation.

There were two other levers I could pull to increase my revenue - and it took all three of them to 10x revenue in just 2 years.

Let me break it down…

Lever #1: Getting customers

This is obvious… but hard to nail.

The key is to find one channel that works - then go all-in until either…

→ It stops working

OR

→ You’re rich enough to invest in other channels

When I started, I was doing it all.

Running ads, blog, partnerships, podcast, social media…

Then I killed everything except our partnership strategy.

Went all-in for an entire year.

It took us from $20k/month to over $1M in annual revenue.

Only then did I add back other channels like paid ads.

I had to get really f*cking good at ONE thing before trying to be decent at seven.

Lever #2: Keeping customers longer

Making a sale is great.

But a customer who leaves after one month is worse than no sale at all. You're out acquisition & onboarding costs - with nothing to show for it.

So pay attention to what happens after the sale.

Three things, in particular.

  • Activation: Getting them to that first "aha" moment ASAP

  • Proactive retention: Spotting unhappy customers before they leave (here’s how)

  • Advocacy: Turning happy ones into evangelists

Activation is all about delivering massive value. Quickly.

The trick is to architect the first 30 days like it's the only thing that matters. I obsess over:

  • When customers hit their first value moment

  • What percentage actually reach it

  • How long it takes them to get there

For retention, I use a customer happiness dashboard.

It puts every customer into a category —- red means they're about to leave, yellow means they need help, and green means they're getting value.

My CS team has one job: turn reds into yellows, and yellows into greens.

Get enough greens, and something magical happens — they start telling your story better than you ever could.

Social proof, case studies, podcasts — they become the heroes of your growth story.

Lever #3: Make customers more valuable

The easiest way to make more money… is to charge more money.

And do to this fairly, you need to charge based on value - not based on what your competition is doing or how much cash you think you need.

Here's what I do:

  • Build multiple plans for different types of customers

  • Add consumption-based limits to make sure they move between plans when it makes sense.

  • When I need to adjust prices, I do personal outreach and give a six-month grace period.

These three levers are powerful on their own.

But when you combine them with the right numbers, that's when things get interesting.

I broke this all down in this video over here.

✌️ MV

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Every week, I'm sharing my best stuff about growing and operating a world-class company.

What People Are Saying

I love your newsletter, Matt! I've learned something from every issue and appreciate the thought and intention you put into it.

Danni Graham

Ops Manager, Carrot.com

© Matt Verlaque. All rights reserved

Join my newsletter!

Every week, I'm sharing my best stuff about growing and operating a world-class company.

What People Are Saying

I love your newsletter, Matt! I've learned something from every issue and appreciate the thought and intention you put into it.

Danni Graham

Ops Manager, Carrot.com

© Matt Verlaque. All rights reserved

Join my newsletter!

Every week, I'm sharing my best stuff about growing and operating a world-class company.

What People Are Saying

I love your newsletter, Matt! I've learned something from every issue and appreciate the thought and intention you put into it.

Danni Graham

Ops Manager, Carrot.com

© Matt Verlaque. All rights reserved