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Find Revenue this Quarter. Period. A no BS webinar by MadKudu

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Find Revenue This Quarter. Period. © 2016 MadKudu Inc. Proprietary and Confidential Accelerate SaaS sales with data & science
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Page 1: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Find Revenue This Quarter. Period.

© 2016 MadKudu Inc. Proprietary and Confidential

Accelerate SaaS sales with data & science

Page 2: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

● Post questions as you think of them● We’ll distribute the recording● We’ll post the deck on SlideShare

Housekeeping

Page 3: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

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

Page 4: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

MOFU - home of unexpected $$$

TOFU

MOFU

BOFU

Page 5: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Build the foundation

Know and track your SLAs

Page 6: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Q: How quickly should we reach out to a qualified lead?

A: 95% of leads should be touched within 24 hours.

Service Level Agreement

Page 7: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

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

Page 8: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Action:Start monitoring your SLAs and ensure they are met

Stop leaking potential revenue!

Page 9: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

What to do next

Define “Qualified” with DATA!

Page 10: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

“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

Page 11: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

You’re leaving revenue on the table

Page 12: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Proven: firmographics ARE predictive

Compared to non-qualified:

● Very Good converts at 7x

● Good converts at 3x

● Medium converts at 2x

Page 13: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Build these reports!

Source: Hans Rosling - The best stats you’ve ever seen

“The problem is not ignorance, it’s pre-conceived ideas”

Page 14: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Build these reports! And more

Page 15: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

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!

Page 16: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

No hot lead left behind

Convert your delighted users

Page 17: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Have you ever marked a lead as qualified after their trial was over?

Quick Poll

Page 18: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Assumptions:● They’re on to the next thing.● The decision has been made● No longer relevant● Etc. etc

It usually doesn’t go well

Page 19: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Half of SaaS conversions happen AFTER the trial ends.

Page 20: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Classify your user activity

Activation

Engagement

Delight

Page 21: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

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

Page 22: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Proven Results

Average Conversion Rate

Winback Conversion rate

Company X 2.3% 21%

Company Y 3.5% 13%

Company Z 0.80% 5%

9X!

Page 23: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

1. Know, track and communicate your SLAs

2. Define “qualified” with data

3. Convert your delighted users

TL;DR

Page 24: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

1. Know, track and communicate your SLAs

2. Define “qualified” with data

3. Convert your delighted users

Any questions?

Page 25: Find Revenue this Quarter. Period. A no BS webinar by MadKudu

Ready to start a conversation about how MadKudu can help?

[email protected]


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