Baremetrics Benchmarks lets you compare your SaaS metrics with other startups in the industry. Knowing how you stack up to other companies similar to you helps you set high level goals and know where you need to improve.
It genuinely works! Super simple UI, and just the right number of metrics to compare.Cons:
As with all benchmarking – the more data the better, so it'd be great to see an even wider range of companies, and ever-increasing accuracy.
Many benchmark reports are useless because their sample size is too small. The Baremetrics benchmarks seem to be perfectly executed to be useful and insightful for most small-medium SaaS businesses. Top notch work, Baremetrics team!James Gill has used this product for one day.
So awesome! It gives us reassurance about how we're doing, and hints on where to focus on, revenue-wise.Cons:
I just want more companies in there for comparison!
This is something that has been sorely missing in our industry. There's this constant feeling like you're living in a vacuum, like, "Are we doing well? Where should we be improving? Are we too expensive? Too cheap?"
This is a really solid step in the right direction of democratizing industry metrics. I love it!Francis Byrne has used this product for one day.