Ankur Nagpal


22 Quotes

"By architecting growth on the backend."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"In the early stages at $10k monthly recurring revenue (MRR), growth wasn't something the Teachable team was conscious about."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"They thought they'd just build a product that nailed product-market fit, serve their customers really well, and write blog posts. Their thinking was that it would be great if they grew, but it didn't need to happen."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"They shifted from that mentality to making growth their core company value."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"For Teachable to have a ""successful"" August 2015, therefore, they had to find $10,843 in additional MRR."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"As MRR went up, the amount of extra MRR Teachable needed to find to maintain 30% growth increased proportionally. That put the Teachable team in the position of finding increasingly more tactics to drive up MRR."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"Their general strategy was to take things that were already working, like one-on-one direct cold emails followed by personal sales calls (which could drive an extra $500-$1k MRR in a month pretty reliably) and scale them."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"Instead of one-on-one personal sales calls, they could host a big webinar with five to ten customers at the same time."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"They could schedule that webinar every week instead of every month, so now a consistent $1k MRR was added every week for a total increase of $3k-5k MRR every month."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"They could make each weekly webinar a joint venture with influencers and capitalize on the influencer's existing audience, which translated to $5k-10k MRR every month."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"Try scraping all the people with courses on Udemy and send them a personal email. The first person that created a course on Udemy, however, was the founder of Udemy - Gagan Biyani."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"Instead of inviting partners one at a time, try aggregating several partners at once and have them all promote one big event they're all contributing to?"
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"This strategy resembled a small online conference and worked really well. The first event generated $25k in new MRR, and repeated events generated $50k MRR."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"Usually in a prise increase, user lifetime values (LTVs) increase slowly. By offering the old price, Teachable generated a $20k new MRR spike in a week and got the slowly increasing LTVs."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"30% MRR growth isn't sustainable. After $500k MRR, 30% growth necessitates $180,000 of new MRR each month, even with decreased churn of 6%: neededMRR(500000, 1.3, 0.06) == 180000."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"How did they grow after that point? By looking back to the product and customer."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"Increasing new customers added per day,"
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"Increasing average revenue per customer (ARPU)."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"Customer metrics for Teachable improved dramatically by investing more in customer success, which reduced churn."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"We never found one strategy to grow that continued to work. There was no single channel we could focus on and still hit our numbers."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"The growth team has never been smaller than 4 people, even at stage 1. In middle stages it was 4-8. Right now our growth team is like its own mini company (even with its own engineers) - about 16."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal
"Once you have some kind of product market fit, don't use product improvements as an excuse to not push on growth. You'll never feel like your product is ready."
Ankur Nagpal
From $0 To $10M ARR: The Tactics We Used To Scale Teachable by Ankur Nagpal

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