This is the biggest question that I get in response to the newsletter:
“Why do you use Beehiiv to send Margin Makers and not HighLevel?”
The truth is, there are a few capabilities that HighLevel doesn’t have when it comes to operating and growing a newsletter.
One of those is that Beehiiv has this awesome feedback feature.
At the end of every newsletter, readers get to weigh in — You can vote “EPIC,” “It was okay…,” or “Do better.”
And you know what? Those “Do better” votes?
They’re my favorite.
Sure, it might sound like a buzzkill.
But honestly, they’re the fuel that’s been driving our business growth. They’re the voice in my head that never settles, always pushing to make it better…
Embrace the Gap, Gain Momentum
Do you ever feel the tension between where you are and where you want to be?
This gap isn’t just a sad void… It’s a space brimming with potential, growth, and transformation. 🌀
Welcome to the Gap and the Gain, a space where ambitions and reality coexist, each driving us to become better.
One of the core values that has served my business for over a decade now is “Make It Better.”
🧭 Naming core values is critical in shaping how you do business. These are the compass guiding our every decision. It’s how we align our actions with our greater vision.
When we send out a Margin Makers newsletter, we almost always get at least one “Do better” response.
To be honest, I’m kind of delighted by it.
Inside of Beehiiv, feedback is totally anonymous. So, I don’t even know who’s telling me to “Do better”…
But I’m going to tell you who I imagine.
When I see a “Do better” vote, I don’t see a hater. Instead, I envision my good friend and fellow SaaS CEO Dar Holdsworth submitting it.
I imagine Dar cheering me on and saying, “Do better! I believe the best is yet to come! I believe you have the potential to do even more!”
I don’t take “Do better” as an insult.
Now, I don’t know if it’s the same person or if I offend one new person every single week… 🤷
But I’ve started to believe that there’s one person slightly smirking as they cheer me on saying, “I know you can do better.”
I use every piece of feedback as fuel in our journey of constant improvement.
Here are some real-life case studies that have inspired me to do better. Hopefully, you think it’s epic, but as always, I don’t mind if you believe I can do better.
A Humble Pie Story
Let’s say you’re in a consult with me, and you ask, “Matt, what’s the secret to continuous growth in business?”
My first piece of advice? Master humility. It’s a tough pill to swallow, but it’s essential for true progress.
Let’s talk about Domino’s, a company that turned humility into its secret ingredient for success.
Picture this: It’s 2010, and Domino’s is the underdog of the pizza world. Their stock? In the gutter. Public opinion? Even lower.
Customers compared their crust to cardboard, and the sauce? Let’s just say “ketchup” was a kind term…
But then, Domino’s did something radical. They didn’t just reinvent their pizza. They reinvented their narrative.
They aired an ad that was less of a commercial and more of a confession. They addressed the criticism and pledged to do better.
Here’s where the magic happened. Domino’s didn’t stop at the apology. They overhauled their menu and improved every aspect of their pizza. But the way they communicated this to the world – that’s where the real transformation occurred.
They turned their biggest weakness into their most compelling story.
⏩ Flash forward a few years, and it’s a whole new ball game. Domino’s went from the pizza place of last resort to a market leader. Their stocks soared from a measly $12 to a whopping $450.
They didn’t just catch up to the competition… They raced past them.
So, what’s the takeaway? In business, as in life, it’s not just about making things better.
It’s about owning up, stepping up, and showing up. Domino’s taught us that humility can be the most potent ingredient in the recipe for success.
They showed the world that sometimes, admitting you were serving cardboard can be the first step to delivering gold.
Identity and the Apple Effect
Now, let’s shift gears to a titan of the tech world – Apple.
They’re a perfect example of our second secret to continuous growth in business: Identity.
Picture them in 1997: on the brink of bankruptcy, a fallen giant barely hanging on. Yet today, they’re one of the most valuable companies on the planet.
Along came Steve Jobs, not with just a new product line, but with an ear to the ground, listening, really listening to what the crowd was saying.
Apple’s pivot wasn’t just about sleeker iMacs. It was about aligning their tech to their customers’ deepest desires.
Apple products transformed from mere tech to symbols of creativity and cool.
Owning an iPhone or a MacBook symbolized more than just tech preference. It became a statement of who you were, a blend of tech-savvy and trendsetting.
This transformation was made possible by relentless customer feedback. Apple’s ability to customize their product to resonate with users’ dreams turned their story from near-failure to legendary status.
So, what’s the golden nugget for SaaS CEOs? It’s this: Your product’s greatness isn’t just in the coding. It’s in capturing the identity of your users.
- Dive deep into their feedback…
- Understand their identity aspirations…
… and voila, you’re not just selling a SaaS, you’re curating an experience.
Apple’s story is a blueprint for SaaS growth – it proves how you can use customer feedback to build a brand that’s less about the tool and more about the story it tells.
Create a service that doesn’t just fit into your customer’s day but fits into their self-image. It’s a strategy worth biting into. 🍎
The Comeback Stories We All Love
The real MVP of these stories?
Feedback.
It’s the key to growth – for both this newsletter and your SaaS business.
Your audience’s thoughts can change your brand for the better.
And who doesn’t love a good, old-fashioned comeback story?