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It’s never remotely easy until you have a steady stream of leads and a decent 1.0 revenue team.
But here are some things that can help in the early days:
- Always hire at least 2 reps to start.?If you just hire 1, you won’t really know what is working, and not working, and why.
- Don’t expect a sales magician.?You ideally need to close the first 10–20 customers yourself, and then hire sales folks to help. Don’t expect magic. Instead, just expect some leverage.?More?here
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- Have everyone in the company do customer support. At least once a month. This is generally subtly transformational. Everyone will understand feature gaps and priorities much better if every engineer and every salesperson also has to do support calls and tickets.
- Talk to as many customers as you can by voice, or even in person.?Even if they are $5 a month. You will learn so much. For each customer of a certain type you close, there are another 10–1000 just like them out there. But if you don’t talk to them, you won’t see the pattern. At least, not as quickly.
- Begin drip marketing as soon as you have any sign-ups at all. You have to market to folks that don’t buy today. If they somehow found your tiny start-up no one has ever heard of, there is a decent chance they may buy later.?More?here
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This edition of the SaaStr Insider is sponsored by?A-lign.
- Content marketing almost always works. It’s just slow.?Write about your Unique Value Proposition. SEO almost always works at least a tiny bit. So write 10 blogs posts about how your product truly changes the game. Probably a few prospects will find it.
- Booths and attending events are hard to get quality leads from?unless?you know what you are doing — but try the?top?ones?at least. Because real, live buyers are there. Lots of them.?The biggest events in your space (Dreamforce, RSA, SaaStr Annual, whatever) will be full of buyers.?And so if you do it right — leads. Show up. If your price point is say $20k+ or higher, even just a couple of good leads can easily be ROI positive. Enterprise buyers especially go to top events to meet new vendors, and potentially, buy their products. That’s unique.
- Make your product as viral as possible.?Viral coefficients are often low in SaaS, but that just means it takes longer. It’s still a great investment. Invest in your long tail. Keep a Free edition if it’s still a good product. Find ways for your users to share the product across other users at their company and/or at other companies. Yes, we’d all love 100% viral acquisition. But even 10%-20% over time is a big boost. And it’s something you can?do.
- Pick up the phone.?Chat is great. But also put a phone number on your marketing site. And pick up the phone when they call. The odds a deal closes go up when a prospect has the option of talking to someone.?More?here
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The Anti-Consultant for Sales-led SaaS Scaleups → Clarity, No BS, Guaranteed Results | Author of The Remarkable Effect | Client stories in About
1 年200%!! If you can predictively sell to 5, why aim at 1000s? It reminds me a discussion I had with one of our marketing managers in France, who was super proud about the number of 'leads' they had, 30000. It appeared to be an acquired list.... What I have seen working all the time is - create that list, but make it a list of indeed, 20. Many sales (sometimes even enter Enterprise SaaS companies) only need need 20-30 deals to make a great year. Well, then find the 24 - 36 companies that display all the characteristics to make them a dream customer, a fan - an ambassador. And then close 80%. Possible. Seen it in action. Frightening for your competition though, but that's a different story. Great post (as always), Jason
Ready-to-Buy Leads Delivered to Your Sales Team | CEO Histack | High-Intent Leads
1 年Jason M. Lemkin Talking to the customer is crucial. Keeping talking to the customer later is even more crucial. + Most SaaS companies try to attract everyone. Especially in the early days, it is vital to have 1 Peron. 1 Problem. Otherwise, marketing and sales are spreading too thin.
Engineering Leadership & Tech Architecture for B2B | Applied AI, Data, Software
1 年Love this. Especially "have everyone do customer support." It's so easy for engineering to get disconnected from customers, especially as a company grows, and it's one thing to make sure they at least know how to use the product/service, but actually hearing various customer issues and pains from them directly really helps drive empathy and align their work to better outcomes. Thanks for sharing.
Founder & CEO at Flerid Technologies
1 年Great Jason M. Lemkin
Next Trend Realty LLC./wwwHar.com/Chester-Swanson/agent_cbswan
1 年Thanks for Sharing.