A good presentation can be the spark needed to ignite new partnerships and close valuable deals. Communicating your mission effectively is critical to driving your business forward.
With SlideBean, you can create stunning, professional presentations in minutes. Their online platform enables you to become a presentation expert with easy setup, one-click styling, and the ability to share and track your presentations over time.
How much is SlideBean doing in MRR?
SlideBean is the lone premium-only presentation software on the market today and charges its customers on an annual basis. The company’s pricing begins at $96 per year and scales up to their premium package at $228 per year.
The company currently serves 10k total customers, according to CEO Jose Cayasso, and is doing approximately $100k in MRR right now. SlideBean has not exhibited notable growth in the last 12 months and has been focusing its efforts on optimizing their funnel, addressing churn, and improving their product.
How is SlideBean acquiring new customers?
On an average month, SlideBean generates 30k free trials. From these trials, they are able to convert roughly 3% of users to paid monthly subscriptions, adding 900 new customers per month.
This model and funnel has gotten SlideBean to profitability with less than $1M raised, but has stalled growth. Going forward, their team has been experimenting with launching a freemium model and have done so in select regions.
Why doesn’t SlideBean move upmarket?
During his interview on The Top Entrepreneurs Podcast, Cayasso explained the company’s decision to remain at their current price point. Due to the heavy demands associated with enterprise customization, SlideBean has elected to avoid moving upmarket, despite doing small deals with companies like Nike today.
Going forward, only time will tell if their freemium experiment will pay off. SlideBean’s team of 20 full-time employees is focused on exploring new models and improving their product for the foreseeable future.
