Date post: | 23-Jan-2018 |
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Sales |
Upload: | francis-brero |
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Find Revenue This Quarter. Period.
© 2016 MadKudu Inc. Proprietary and Confidential
Accelerate SaaS sales with data & science
● Post questions as you think of them● We’ll distribute the recording● We’ll post the deck on SlideShare
Housekeeping
Francis Brero
● CRO & Co-Founder @MadKudu
● Worked with 100+ B2B SaaS companies to improve sales with data science
● Background in Mathematics, Data Science
● Surfs in Santa Cruz
Your host
MOFU - home of unexpected $$$
TOFU
MOFU
BOFU
Build the foundation
Know and track your SLAs
Q: How quickly should we reach out to a qualified lead?
A: 95% of leads should be touched within 24 hours.
Service Level Agreement
Q: How many touches should an inbound lead received within their first 3 weeks of qualification?
A: 95% of qualified inbound leads should receive 8 touches within the first 3 weeks post-qualification.
Service Level Agreement
Action:Start monitoring your SLAs and ensure they are met
Stop leaking potential revenue!
What to do next
Define “Qualified” with DATA!
“The first step in lead scoring is determining your ideal target.
Creating this ideal buyer profile requires sales and marketing alignment, as both must agree upon the definition”
Lead scoring?
Source: a lead scoring vendor
You’re leaving revenue on the table
Proven: firmographics ARE predictive
Compared to non-qualified:
● Very Good converts at 7x
● Good converts at 3x
● Medium converts at 2x
Build these reports!
Source: Hans Rosling - The best stats you’ve ever seen
“The problem is not ignorance, it’s pre-conceived ideas”
Build these reports! And more
Step 1
Analyze your historical conversion rates by segment.
Step 2
Apply your learnings to your qualification criteria
Step 3 - Extra Credit
Refine your SLAs by qualification Grade
Know your customers’ DNA!
No hot lead left behind
Convert your delighted users
Have you ever marked a lead as qualified after their trial was over?
Quick Poll
Assumptions:● They’re on to the next thing.● The decision has been made● No longer relevant● Etc. etc
It usually doesn’t go well
Half of SaaS conversions happen AFTER the trial ends.
Classify your user activity
Activation
Engagement
Delight
Step 1
Define “delight” event
Step 2
Flag all “delighted users” whose trial expired
Step 3
Send those leads to the sales qualification team
Run a winback outreach
Proven Results
Average Conversion Rate
Winback Conversion rate
Company X 2.3% 21%
Company Y 3.5% 13%
Company Z 0.80% 5%
9X!
1. Know, track and communicate your SLAs
2. Define “qualified” with data
3. Convert your delighted users
TL;DR
1. Know, track and communicate your SLAs
2. Define “qualified” with data
3. Convert your delighted users
Any questions?