Hiro Analytics · B2B · reporting software for email agencies
Connect to Klaviyo's rivals too, so the platform can't easily copy you
Founder says Klaviyo is unlikely to show data from rival tools; no numbers
What they did
In their words
I Built A $1M SaaS In A Hidden Niche
Pat Walls… doing something similar to you, is they're going to the bookkeepers who manage hundreds of businesses. It's kind of a similar idea, right? Agency model. I have a question on this, though. Are you worried at all that Klaviyo, which is this app that you wrap around, or the agencies themselves, say, "Hey, I don't want to pay $500, $1,000 a month for something that I could just build on my own." What do you think about the future of this business?
ZacYeah, that's a great question. Us having a $1 million ARR business unit is amazing because we're a couple people. A publicly traded company having a 1 ARR business unit like isn't really going to move the needle for them, so I just think their sights are elsewhere. The other piece is we don't just connect to Klaviyo. And so if you're an agency with 30 clients, you might have 20 clients using Klaviyo, but you might have another 10 using Postscript or Attentive or Omnisend, and so even if Klaviyo were to build a version, it's extremely unlikely they'd show the data from those other platforms where Klaviyo isn't even involved with that brand.
Pat WallsI think that's a great answer and a good point. Let's talk about how to replicate this. What would be your advice for anyone watching this that wants to build a SaaS and potentially take some things from this model and implement it?
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More from this episode
- Sell your tool to agencies, not brands, so one sale covers 10-30 brands$1M+ ARR in 19 months, adding ~$10K MRR a month with very low churn
- Find customers in Shopify's and Klaviyo's agency partner directoriesFounder says agencies are easy to find this way; no numbers
- Charge agencies by how many clients they manage, after a 30-day free trialAbout $500/month at 10 clients, $600 at 20, a few thousand at 200
- Build the tool you needed while running your own 30-client agencyKnew the platforms and buyers; sold into the same agencies they used to be
- Pitch agency owners on taking more clients without hiring, and on time savedFounder says it gets agency owners to take the demo seriously; no numbers
Tags: klaviyo, postscript, attentive, omnisend, multi-platform, defensibility, platform-risk