The episode, in writing
by Richard Lovatt · from the episode above, checked against what was said
I'm just recording this moment because I'm super happy, I'm super excited. I was saying, when was it, last week, a few days ago, who knows, but I had the feeling, the positioning change, I knew I was onto something with the don't miss day one, spoke to the client, had a revelation. It was not quite hitting.
So I changed the whole positioning, because I know I needed to hit people who have that pain point where they want to solve it, but a pain point that they feel always, not just day one. So it was a minor change. It was more so like, don't miss, you know you need to put out content, you've missed it for the past five years, so start now, and then Underway is the solution because it does all these things for you, you just have to sit there.
And guys, I just got sign up, sign up, sign up way quicker. And guess what, two things played a role. So before, I was doing a 14-day free trial on $29.99, the cheapest one. And I changed this to a seven-day free trial, so much like, you don't have as long, and $129.99. So way more, $100 more.
And at the end of the day, I should know this because this is my bread and butter, sales and marketing. You'd be surprised what people will pay to solve their issues. And I still think $129.99 a month is cheap because the things that Underway does now, and I'm not blowing my own trumpet, I'm just saying it's a very good product. It really does a good job. And the fact that I've now crafted ads, and we'll go through those on another episode, but they really do the job.
And we've had a number of signups, and not only that, but the amount that I've paid for those people to sign up is so much cheaper. And it makes you realize, okay, so now we can start to optimize on these and what works. Now we can start to form what it will cost us to acquire a customer, the CAC. We can start to look at margins.
Because I'll tell you what, I was a bit scared the other day because I got the bill from Anthropic, and I was like, okay, we need to start making money. But after these last few signups and now working out the monthly recurring revenue, the annual recurring revenue, I am very pleased, I am very happy. And mostly because I look at this now as a long-term thing.
So I know consistently do what I'm doing now, and in one year's time, not only is it gonna be a fully fledged business and I want to make hires and have people the best at what they do, working for Underway, because I'm not the best, but what's even more exciting is how good Underway itself will be in a year's time. The tech itself, because it's improving rapidly, and I've got so much to show you.