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Our first annual plan! Yeah!

Adding annual plans had been a major feature we wanted to add going into this acquisition. What we didn't know is that users were asking for it too!

In SaaS, collecting 12 months of revenue upfront is magical for cashflow, and can enable you to grow faster by re-investing into the business at what is effectively 0% interest. It can also reduce churn (assuming a users Lifetime Value (LTV) on a monthly plan is lower than the annual price, and there's an appropriate refund policy in place).

Adding a yearly option alongside your monthly plan will improve your cash flow immediately...

For now we'll be rolling out annual billing for users on an individual basis, and expect to release the capability on our marketing site for self-service signup soon.

, Founder of Icon for Goodbits
Goodbits
on July 19, 2020