Increase Your MRR With RetargetKit, Using These Proven Strategies

Photographer: Micheile Henderson | Source: Unsplash

Recurring revenue is crucial in any SaaS business. It is what makes building a SaaS business so attractive. Well, if you have a flawless and functional product, revenue automatically returns every single month. Pretty amazing, don’t you think? However, knowing effective ways to increase MRR means getting a handful of possibilities to grow your business.

What is MRR?

MRR is the most important metric to most SaaS companies. MRR shows exactly how much money a company makes on a recurring basis. Monthly subscriptions contribute to MRR, but one-time sales do not. MRR is considered one of the most important metrics to measure in a company, as it conveys up-to-date measurement of the company’s financial health.

MMR is also what drives a business’ growth, and it is critical to measuring overall business profitability and cash flow. So, if a company has a steady predictable revenue, it can confidently set budgets for product developments and other initiatives. Hence, causing greater business stability.

For more on MRR, how to calculate it, increase it, and more, check our MRR blog post here: https://saastronautics.com/monthly-recurring-revenue-guide/

Increase MRR with RetargetKit

RetargetKit is an all-in-one retargeting toolkit that has a robust list of capabilities for any retargeting campaign.

Reatrgetkit helps increase your reach in the most efficient way – by retargeting your site’s one-time visitors. With the fierce competition for market share on the internet nowadays, ensuring triumph in the battlefield of customer engagement is important. RetargetKit is here to help you keep up with rapid changes in your brand’s digital environment.

But how exactly can RetargetKit increase MRR?

1. Increased MRR = More Leads + Increased Lead to Customer Conversion

Taking care
Photographer: Pedro Kümmel | Source: Unsplash

One sure way to increase your MRR is to increase your reach and get more leads. As long as you make sure that increased leads also means increased customer conversions.

Using RetargetKit is the coolest new way to do this! RetargetKit lets you retarget one-time visitors, who are more likely to purchase your products or services – they have already shown an interest by clicking on your website before.

RetargetKit helps you create a social media campaign that perfectly retargets these customers. RetargetKit also helps attract more leads by adding Bio Links to your social media profile.

2. Nurture customers through RetargetKit

Through Retargetkit’s ad campaigns, you can nurture your existing customers and your prospects through retargeting and remarketing campaigns. These two strategies definitely help to increase MRR.

Retargeting campaigns are used specifically for consumers who have interacted with your website in some way. These are the customers taken from some form of action, viewed product pages like, downloaded an e-book, or abandoned a shopping cart.

On the other hand, remarketing lets you target customers who share similar characteristics with your current customers, even if they’ve never been to your website. RetargetKit provides you with endless possibilities for your marketing campaigns and helps you collect hot leads from social media platforms and websites to grow your email list.

Nurtured customers can be easily converted to paying customers. And more paying customers means higher predictable MRR.

3. RetargetKit is an affordable, but a complete, toolkit for all your remarketing purposes.

Marketing can cause you tons of money and effort, especially if you are a beginner. All the time, money, and effort spent on marketing are being deducted from your bottom line. But with RetargetKit’s expansive features, you can facilitate and run your campaigns without breaking the bank.

Retargeting campaigns using RetargetKit are highly customizable, so you can add as many details as you want. It is also easy to track and monitor your campaigns, which gives you the option to plan your future campaigns strategically.

4. Increase MRR by continuously improving your product

Getting more leads through retargeting campaigns means more customers to analyze and try your products. And with more customers trying your products, collecting feedback is way easier.

Feedback helps you improve and continuously innovate your products. By targeting your customers and by monitoring your campaigns using RetargetKit, you will be able to study the behavior of your customers. This will give you an idea of what can be changed and improved, which will lead to increased trust and loyalty from your customers.

5. Increase MRR, sell products with Micro store.

With RetargetKit, you can sell your products with just one click! Customers hate opening tons of pages or links just to reach what they are looking for.

By turning your Instagram Bio into a stunning Microsotore, it is easy for your customers to directly purchase your products or services, without needing to go anywhere else.

When customers see that they can easily navigate and use your services or products, they will choose you all the time. But that’s not all, they can also recommend you to their friends and colleagues. Do you remember the power of word-of-mouth?

More satisfied customers mean a higher recommendation rate. A higher recommendation rate means a higher rate of conversion. And you know how this will affect your MRR, right?

6. Increase MRR through RetargetKit’s targeted advertisements.

Wood block stacking as step stair, Business concept for growth success process
Photographer: Volodymyr Hryshchenko | Source: Unsplash

By knowing your primary market and the needs of your customers, you have more information to target your ads. More detailed targeting is very effective because it targets prospects who are the most likely to be converted to paying customers.

Though you might be showing your service to fewer people, these people will be more likely to be converted to loyal customers. These loyal customers, if continuously taken care of, can give you a more stable MRR and decrease your churn rate.

Conclusion

Customers are still the source of fuel for your business. With this, focusing on ways on how to improve your products and satisfy your customers is still the best way on how you will grow your MRR and your business.

RetargetKit is a robust tool designed to achieve increased social media engagement, brand awareness, customer satisfaction, and growth rate. It is the complete toolkit to improve your campaigns which can result in increasing a very crucial aspect of your balance sheet–your monthly recurring revenue.

Get our exclusive RetargetKit lifetime deal before it’s gone! Visit https://saastronautics.com/retargetkit

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Parker Casio Patty
Digital Marketer, Agency Owner, and Saas Enthusiast.
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