UTS Startups Lunch-n-Learn: Elevating SaaS Marketing: From Colouring In Department to Cornerstone of the business with Chris Britton.
Discover the transformation of SaaS marketing from a creative department to a strategic powerhouse. Join us for a dynamic "lunch and learn" session where industry veteran, and member of the UTS Start Up Community, Chris Britton shares insights on using the SOSTAC model to prioritise and execute strategic marketing plans in today's SaaS landscape.
What You'll Learn:
The evolution of marketing within SaaS businesses.
Insight into the diverse roles within a modern marketing team.
How to set clear marketing objectives and strategies.
Practical application of the SOSTAC model for strategic planning.
Who Should Attend:
SaaS startup founders and teams
Marketing professionals and enthusiasts University graduates interested in SaaS marketing
Anyone eager to enhance their marketing strategy skills
About the Speaker
Chris has been an active participant in the Australian software community for close to 30 years. Chris' wide-ranging experience has seen him launch and manage many software products, run multiple marketing teams and manage an entire line of business.
Chris is expert in developing product roadmaps that engage customers, and go-to-market strategies excite prospects. Chris is passionate about what he does, focusing on the customer experience and achieving results.
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1. Evolution of marketing within SaaS businesses
2. Diverse roles within a modern marketing team
3. How to set clear marketing objectives and strategies
4. Practical application of the SOSTAC model
Agenda
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Our Solutions
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Objective
The role of a Chief Growth Officer (CGO) in a SaaS (Software
as a Service) business is to lead and execute strategies aimed
at expanding the company's customer base, increasing
revenue, and driving overall business growth.
Responsibilities
The CGO is responsible for overseeing marketing, sales, and
customer success efforts, aligning them with the company's
growth objectives. They typically focus on developing and
optimising customer acquisition channels, ensuring customer
retention and satisfaction, and exploring new market
opportunities, all with the goal of scaling the SaaS business
and achieving sustainable growth.
The CGO plays a pivotal role in shaping the company's
growth trajectory and is instrumental in adapting to
changing market dynamics and customer needs.
The role of a
Chief Growth
Officer
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Marketing Model
SOSRAC is a model that can be applied to any commercial situation.
It provides a structured approach to planning and delivers a
framework that can easily be communicated.
Six Marketing Fundamentals
• Situation assesses where a business is presently (where are you
now?).
• Objectives set the mission or goals for the business (where do you
want to be?).
• Strategy is an overview of how to achieve the objectives (how do
you get there?).
• Tactics are the details of strategy (e.g. the marketing mix) (how
exactly do we get there?)
• Actions how do you ensure excellent execution of the plan. (what
is our plan?)
• Control establishes how you know whether you are getting there
(what do you monitor?)
Introducing
SOSTAC
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Situation (be honest)
• This is your current state
• Size, Growth, Revenue Markets
• Competitors analysis
• Customer analysis
• Internal Analysis
• Brand, channels
• SWOT
Objectives (be real)
• This is not ‘market perception’
• Specific, Measurable,
Achievable, Relevant, and Time-
bound
• Revenue goals
• User numbers
• Churn reduction
SOSTAC
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Work in threes
STRATEGY 1
STRATEGY 2
STRATEGY 3
TACTIC 1A
TACTIC 1B
TACTIC 1C
TACTIC 2A
TACTIC 2B
TACTIC 2C
TACTIC 3A
TACTIC 3B
TACTIC 3C
Strategy (be specific)
• This is not ‘be the best in
market’
• This is ‘Reduce CAC by moving
sales to 100% online’
• This is ‘Expand to new Zealand
via Partners’
• This is ‘Target the user
community, to generate
demand from bottom up’
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Work in threes
STRATEGY 1
STRATEGY 2
STRATEGY 3
TACTIC 1A
TACTIC 1B
TACTIC 1C
TACTIC 2A
TACTIC 2B
TACTIC 2C
TACTIC 3A
TACTIC 3B
TACTIC 3C
Tactics (be committed)
• What are you going to do?
• Content
• Marketing automation
• In-Person Events
• PR + Media
• Affiliate marketing
• In product messaging
• Etc.
** Note ** Your tactics link to your marketing budget