For you to build your sales process, you need to identify a Core Customer profile to go after and prospect against.
Once you have that, here’s a sample email you can use to reach out cold and kick off the conversation.
Subject: quick request
Hey [first name],
I hope this email finds you well! I wanted to reach out because [explain how you got their contact information and how you relate to them: talked to a colleague, saw your company online, etc.].
[Name of company] has a new platform that will help (your team at) [organization name]. [One sentence pitch of benefits].
I know that [our product] will be able to help [name of your company] [insert high level benefit here].
Are you available for a quick call [time and date]?
Cheers,
Signature
That should at least get your foot in the door…
… then you continue diving deeper with the prospect around the following info using the B.A.N.T. framework:
Budget: Is there a budget set aside?
Authority: Who is involved in the decision?
Need: Do they have a problem?
Timeline: Is this a now or later thing?
Etc…
Once you’ve got that, then you want to schedule a demo for them with one of your Account Execs or what I like to call my “Product Specialists” (nicer word for salesperson :).
That’s the outbound sales model.
Go out there, add value, connect, identify needs and try and schedule them with a product specialist for a demo.
During the webinar I’m going to go over what makes a KICK ASS demo.
One where the prospect pulls out their credit card on the spot to get signed up and deployed.
But before that, you’ve got to do some homework…
Who is your Core Customer?
Do you have a list of them? (if not, I can help you below)
Do you have a process for prospecting?
Are you qualifying them?
During tomorrow’s webinar, I’m going to be breaking down the SaaS business model.
1. Assume no one has the answer (because the don’t) so all efforts are just around questions and how to answer them. It’s not “what feature do we build?” as much as “what don’t we know about our customer and how could a feature help us learn?”
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2. Keep milestones incredibly small, short. Focus on what’s done by Friday, not this quarter. The fastest way to get lazy is to give yourself more time.
Florin Muresan
Innovator & CEO
Everything In Life Is Touched by Digital Magic. I brought Digital Magic Into The World Through 29 Products I’ve Built and Sold World-Wide
Want to know the non-negotiables / absolutes / must haves / can’t build a business without it things required in Saas?
Here they are…
Solve painful problems.
Solve it in a way the customer wants it solved.
Do this wrong and you’ll move sideways in frustration under the false belief that you’ve got something awesome and that any day now customers will realize it.
Nail this and you’ll have millions of people signing up for your software every month (FYI: Dropbox generated 4M referred signups in 15 months!)
Great SaaS companies solve really painful problems.
ONE:
So your solution needs to be a Painkiller!
Problems like:
Team collaboration/communication missteps
Marketing program inefficiency
Losing sales
Managing infrastructure
Financial risk
The opposite of that kind of solution is a Vitamin. Something that may make you better but doesn’t address an immediate pain.
Like taking a vitamin… it’s preventative.
Things like:
Individual productivity
Marketing presentations
Business reporting
Employee morale
Improving documentation
These are all great things to have in your business but they don’t stand out as solving an immediate painful problem.
Never forget that: People buy what they desire, businesses buy what they NEED.
For someone to buy from you, two of the following things need to be true:
The customer has to have a budget to solve it.
The customer has it as a goal to solve.
Their career depends on solving that problem.
The good news is that many times, the issue is not the product, it’s the positioning.
If you look at both lists above (Painkiller vs. Vitamin) you may notice that all I did was take the same list but reframed them…
… I’m talking about the same issues but with a different “lens”, or positioning.
If you’re having trouble selling your solution, it’s probably because you solve a painful problem for the customers but they can’t connect the dots based on how you explain it.
So, to fix the Product Positioning method by filling in the blanks:
Who is your primary customer?
What 2 problems do you solve?
What 3 ways do you do this?
Then use this format:
We help [type of customer] with [problem 1] and [problem 2] by [solution 1], [solution 2] and [solution 3]
This will do a few things:
It’ll get you crystal clear as to what problem you solve – that your customer cares about.
It’ll force you to differentiate why your solution is different from other solutions in the market.
It’ll keep things short and to the point.
Most entrepreneurs are horrible at explaining what they do, who they do it for, and what problem they solve.
This process will get you there.
TWO:
The second problem you need to fix is building your solution in a way the customer wants it solved.
I can’t tell you how many times I’ve been pitched a product and thought…
… who in the world wants to solve that problem that way?
I’m talking crazy things like requiring a company to:
Give a solution access to all their corporate emails
Migrate their current solutions to a new platform
Force them to complete several form fields to get something created
The better way is to work backwards from the customer’s pain, and solve it in an elegant way that…
Doesn’t require any setup work
Works with their existing products / solutions
Doesn’t change the way they work
Because if you don’t, that just adds friction and could slow down adoption.
What you want to do instead is ask them the IPO Question…
The question is simple:
“If you could wave a magic wand and have this problem solved by a software solution, how would you want it to work?”
Then sit back and listen…
Ask that question to 10 of your potential customers all with the same problem, and look for the 80% that’s shared amongst their answers.
That’s how you should solve their problem!
Now, that doesn’t mean you can just build that and win.
Nope, you’re not off the hook… you’ll still need to take into consideration other factors like:
Technology landscape
Competitive solutions
Business goals
But their answers will at least align your product to solve the problem in an elegant way that won’t add issues to your sales process which we cover in my next email.
So until then, be sure to complete the following:
Write out your positioning statement
Email your customers and ask them the IPO Question
Dan “more painful, more money” Martell
Florin Muresan
Innovator & CEO
Everything In Life Is Touched by Digital Magic. I brought Digital Magic Into The World Through 29 Products I’ve Built and Sold World-Wide
