Every company has 3 main building blocks: Financial, Marketing/Sales, Operations. Take a look at the presentations from our recent session. Great stuff!
Matching Price to Value: 3 Lessons in Monetization from Menlo Venturessaastr
SaaS is about creating long-term value for your customer, and being compensated appropriately for that value as a business. Learn actionable monetization tips from a Product/Growth operator turned VC.
Bottom Up - Igal Pines - Affilicon Israel - June 2009guest98f35e
This document discusses strategies for improving a marketing campaign in a competitive niche. It suggests lowering bids, finding the keywords that generate the most leads, and determining the best ad combinations. Goals of getting high quality score 10 and increasing cash flow are mentioned. Different platforms like AdCenter and AdWords are compared. The document also recommends analyzing current keyword performance and optimizing landing pages.
The document summarizes a presentation on behavioral pricing given by Emily Ellis of Boston Consulting Group. It discusses applying principles from Marie Kondo's book on tidying up to pricing by (1) committing to change, (2) knowing where to start and following a sequence, and (3) organizing choices by customer motivation rather than other factors. It also covers packaging choices to "spark joy" for different customer segments and removing obstacles to choice through sales tactics tailored to each segment. The goal is to reveal hidden growth opportunities by making subtle shifts informed by behavioral economics.
You know about creating a go-to-market strategy, but how are you getting more from your existing customers? This deck will explore a new strategy designed to help you know, grow, and amaze your customers.
Unlocking the power of partner mktg cindy eager-hatchInfusionsoft
The document discusses growing a business through partner and referral marketing. It outlines the benefits of partner marketing such as extending reach and lowering costs. It then provides tips for creating an effective partner program including defining objectives, finding the right partners, providing resources to partners, and motivating partners. The document stresses the importance of clear communication, incentives for partners, and maintaining engagement.
This document discusses managing an executive committee. It recommends hiring a Chief Customer Officer after Series A funding when annual recurring revenue reaches $1 million. A Chief Financial Officer should be hired after Series B funding when ARR reaches $5 million. It emphasizes clear communication of key metrics, agreeing on a desired company culture, coaching and mentoring executives but also making changes quickly. It also recommends clearly understanding how each executive is measured, holding weekly deep dives focused on one area, and ensuring enough social time to build strong bonds between leaders. Finally, it discusses using KPIs to track individual performance and OKRs to align the leadership team.
Sean Ellis explains what a North Star Metric is and how your company can identify one to drive sustainable growth.
Original source of content in slides & link to discover your company's North Star Metric with Sean's help: https://blog.growthhackers.com/what-is-a-north-star-metric-b31a8512923f
Matching Price to Value: 3 Lessons in Monetization from Menlo Venturessaastr
SaaS is about creating long-term value for your customer, and being compensated appropriately for that value as a business. Learn actionable monetization tips from a Product/Growth operator turned VC.
Bottom Up - Igal Pines - Affilicon Israel - June 2009guest98f35e
This document discusses strategies for improving a marketing campaign in a competitive niche. It suggests lowering bids, finding the keywords that generate the most leads, and determining the best ad combinations. Goals of getting high quality score 10 and increasing cash flow are mentioned. Different platforms like AdCenter and AdWords are compared. The document also recommends analyzing current keyword performance and optimizing landing pages.
The document summarizes a presentation on behavioral pricing given by Emily Ellis of Boston Consulting Group. It discusses applying principles from Marie Kondo's book on tidying up to pricing by (1) committing to change, (2) knowing where to start and following a sequence, and (3) organizing choices by customer motivation rather than other factors. It also covers packaging choices to "spark joy" for different customer segments and removing obstacles to choice through sales tactics tailored to each segment. The goal is to reveal hidden growth opportunities by making subtle shifts informed by behavioral economics.
You know about creating a go-to-market strategy, but how are you getting more from your existing customers? This deck will explore a new strategy designed to help you know, grow, and amaze your customers.
Unlocking the power of partner mktg cindy eager-hatchInfusionsoft
The document discusses growing a business through partner and referral marketing. It outlines the benefits of partner marketing such as extending reach and lowering costs. It then provides tips for creating an effective partner program including defining objectives, finding the right partners, providing resources to partners, and motivating partners. The document stresses the importance of clear communication, incentives for partners, and maintaining engagement.
This document discusses managing an executive committee. It recommends hiring a Chief Customer Officer after Series A funding when annual recurring revenue reaches $1 million. A Chief Financial Officer should be hired after Series B funding when ARR reaches $5 million. It emphasizes clear communication of key metrics, agreeing on a desired company culture, coaching and mentoring executives but also making changes quickly. It also recommends clearly understanding how each executive is measured, holding weekly deep dives focused on one area, and ensuring enough social time to build strong bonds between leaders. Finally, it discusses using KPIs to track individual performance and OKRs to align the leadership team.
Sean Ellis explains what a North Star Metric is and how your company can identify one to drive sustainable growth.
Original source of content in slides & link to discover your company's North Star Metric with Sean's help: https://blog.growthhackers.com/what-is-a-north-star-metric-b31a8512923f
Lessons Learned along Insightly's Journey to Model Its Freemium Business - Ka...Price Intelligently
A lot of people *think* they know freemium, but their knowledge doesn't go beyond the basics. Insightly's VP of Finance Karl Laughton *knows* freemium, because he's been in the freemium trenches for nearly a decade. Drawing on his experience, Karl walks through how to properly model out freemium across the board to make sure you're taking advantage of the model properly at Price Intelligently's SaaSFest 2016.
Lessons from Gorgias: How to Close your First 1000 Customers Based Solely on ...saastr
This document outlines how to close your first 1,000 customers solely based on data. It describes building a growth engine by finding qualified leads through trade shows, email campaigns, partnerships and content. It then discusses how to find who should buy from the company using data on 600k accounts to identify 60k qualified accounts and 1k ready accounts. It also discusses tailoring the closing process, personalizing onboarding, and getting a unified view of customers through a growth dashboard to track marketing initiatives and assign the right accounts to salespeople. The result was said to be a repeatable lead generation machine and getting to 1,000 customers through a data-driven culture.
The document discusses Freshworks' approach to building a global SaaS business out of India. It outlines Freshworks' strategy of focusing on the massive SMB market segment, developing multiple affordable and intuitive products to serve customers' diverse needs, and using a combination of product-led and sales-driven approaches to fuel growth across SMB, mid-market, and enterprise customers. This twin-engine model has helped Freshworks rapidly scale revenues from $1 million to over $100 million in just a few years.
From building AI chatbots to using quiz-like lead forms, Marcus will share 20 lessons & strategies that have enabled Venture Harbour to become one of the world’s fastest-growing networks of affiliate websites.
Marcus Taylor, CEO & Founder, Venture Harbour
The document provides lessons learned from 20 years of experience in B2B SaaS leadership. It discusses that targeting niche but large markets in unsexy industries can be very successful, as demonstrated by one of the author's startups that attained strong financial returns without competitors. While venture capital can provide high growth, alternative funding is available for medium-sized opportunities that may be a better fit. The author also advocates focusing intently on a singular goal until competitors cannot challenge you. Key drivers of SaaS sales growth are identified as the interplay between perceived value, friction factors, and go-to-market execution. Finally, the author emphasizes that business performance relies on people and culture, which are worth substantial investment and careful
The document summarizes Jeff Samuels' presentation about high level unification and building a successful go-to-market strategy. It discusses transitioning from $0 to over $2 billion in revenue, establishing partnerships, acquiring the right customers, developing great products, ensuring customer happiness, creating repeatable processes, optimizing sales development representative workflows, prioritizing lead conversion, and setting achievable goals. The key is relentless tracking, continuous execution, and alignment through project management rather than one-time efforts. Innovation and operating outside one's comfort zone were also emphasized.
THIS JUST IN: you don't need to spend a lot to see major profits from online advertising.
Don't believe us?
Join our expert for a power hour in how you can leverage AdWords, Bing, Display and Facebook to produce noticeable results without breaking the bank.
You'll walk away knowing exactly what you need to do to:
- Decide which advertising networks make the most sense for your business
- Set a realistic budget that WILL win you new customers
- Use multiple platforms together to blow your competition out of the water
When it comes to online advertising, it isn't about how much you spend, it's about how you spend it.
Should you be spending more on Facebook or Google?
What is the best budget for your industry?
When should you stop putting money behind a poor-performing campaign?
For these answers and more, join our live webinar with our in-house pay-per-click expert.
You'll learn:
- How to use 2018's results to set the best budget for your business in 2019
- What processes you can set up now to keep wasted spend in check all year long
- How to quickly determine which ad types are actually worth putting your budget behind
- What signs you should be looking for when managing your bids
InsuranceLeads.com provides insurance marketing services to insurance agents and agencies nationwide. The main focus of InsuranceLeads.com is real time insurance leads generation.
"Sales & Customer Success: Where's The Line?" at SaaStr Annual 2016saastr
Dan Steinman, Chief Customer Officer at Gainsight, shares his learnings on how Sales and Customer Success can work together effectively at SaaStr Annual 2016 held in San Francisco Feb 9-11th. www.saastrannual.com
The document discusses unit economics and metrics for a B2B SaaS company. It provides examples of key metrics like customer acquisition cost (CAC), lifetime value (LTV), monthly recurring revenue (MRR), and cash flow over time. It analyzes the company's funnel metrics, revenue, costs, profitability, and capital requirements under different scenarios to determine how changes could impact the business model. The document aims to help the CEO understand how to improve the unit economics and determine if the business is viable and worth investing in further.
This document discusses key metrics and strategies for optimizing customer acquisition and sales funnels. It covers metrics like customer acquisition cost (CAC), lifetime value (LTV), conversion rates, and return on investment (ROI) by lead source. It also discusses how to design effective funnels by understanding the buyer's journey, addressing their concerns at each stage, and creating solutions that entice them while reducing friction. Examples are provided of how to diagnose and improve blockage points in the funnel by getting inside the customer's head.
Pricing is the single most impactful item for a SaaS company, but most founders spend the least amount of time on it. Apart from positioning your product, and targeting an audience, it has a massive impact on growth. This session will take a first step into thinking & applying value-based pricing.
Upekkha.in
The Incredible Impact of Churn on the Value of Your CompanyGainsight
Did you know? A SaaS company with 5% annual revenue churn will be valued 200% higher than a similar company with 15% annual revenue churn.
It’s certainly no secret that churn hurts recurring revenue businesses, but just how much? Beyond simply reducing the revenue you generate, churn hurts the future value of your customers and, ultimately, the future value of your company as a whole.
Join Gainsight Customer Success Evangelist Lincoln Murphy and Todd Gardner, Founder and Managing Director of SaaS Capital, as they dig into the following key questions on why churn hurts and how focusing on Customer Success can have a dramatic impact on your company’s value. This webinar will specifically cover:
- Valuation Drivers of SaaS Companies
- The Impact of Churn through a Case Study
- Measuring, Comparing and Forecasting Churn
The most successful Enterprise SaaS companies know that growing revenue only through new customer acquisition is the less efficient way to scale. Rather, they understand that growing revenue within your existing customer base - through up-sells, cross-sells, and expanded use - is the most profitable way to scale.
In fact, Enterprise SaaS companies that grow revenue - and company valuation - by expanding revenue within their existing customer base also know the key to making this work is to focus on - and operationalize - Customer Success.
From Hackathon to Unicorn with Talkdesk Founder and CEO Tiago Paiva and SaaSt...saastr
In 2011, Tiago Paiva won a Twilio hackathon by embracing the overlooked call center industry. 7 years later that hackathon project achieved Unicorn status while transforming the call center space. Join Tiago as he shares Talkdesk's unconventional journey and what it takes to build a top-valued brand.
The document outlines a business formula for generating profits through content marketing and targeted traffic. It proposes that the correct formula is "Good Content (Offer) + Targeted Traffic + Conversion = Profits" and discusses each element of the equation. It describes various types of content that can be used at different stages - awareness, evaluation, and conversion - to achieve specific goals and metrics. The document also provides a plan for businesses to pick a niche, conduct market research, decide their unique selling proposition, create a marketing funnel, master one traffic source, put everything in place, run traffic, follow up, and repeat with split testing and analyzing metrics.
Sales mistakes that can kill your saas business and how to avoid themmarkroberge
The document discusses common mistakes that SaaS companies make in sales and provides recommendations to avoid them. Mistake #1 is focusing on growth too early before establishing product-market fit. Mistake #2 is hiring a very experienced salesperson too early when feedback is more important than revenue. Mistake #3 is ignoring how the sales compensation plan can impact customer success and churn. Mistake #4 is organizing teams by function rather than by buyer persona. The document recommends organizing teams and metrics around buyer personas to better focus on customer success.
• 3. We’ll cover...1 Right and wrong ways to pick a price2 The two stages of pricing3 7 rules to give your pricing the edge
• 4. Price has a MASSIVE impact on your business.
• 5. Bad Methods for Pricing
• 6. 1. Product cost + X% You’ll undercharge some customers and overcharge others.
• 7. 2. What does the customer want to pay? People have no idea until you ask them for their credit card.
• 8. Pricing by Value
• 9. Value-Based Pricing Your customers get value worth $Y and it only costs them $X.
• 10. Why does this work? People cannot perceive absolute value, only comparative value.
• 11. Some value is easy to calculate...
• 12. Other value isn’t...
• 13. Pricing - Stage 1 1
• 14. Stage 1 is all about the unknown. Customers don’t understand your product and you don’t understand your customers.
• 15. This is before product/market fit.
• 16. The price you pick won’t be the best.
• 17. Your goal = prove that the product can be sold.
• 18. Pricing - Stage 2 2
• 19. This is your growth stage.
• 20. Time to optimize your price. You’ll need a deep understanding for how your customers use your product.
• 21. Interview your customers
• 22. The ideal price is... Just high enough to need consideration but low enough to still provide plenty of value.
• 23. What if you have different customer segments?
• 24. Separate segments with features. Price sensitive customers get limited plans, value sensitive customers get the VIP plan.
• 25. For this to be successful... You need to talk to your customers and understand the benefits they need the most.
• 26. Capture the full value from each customer type.
• 27. Bidsketch Case Study - Old Pricing
• 28. Bidsketch Case Study - New Pricing
• 29. Bidsketch Case Study - Results1 Doubled average revenue per customer2 Only a slight drop in conversions3 No impact on churn Google “bidsketch pricing post”
• 30. Seven Rules for Pricing 7
• 31. Rule 1: End with a 9 $39 or $37?
• 32. Rule 2: Make Your Price Short $1,000.00 or $1000?
• 33. Rule 3: Anchor Your Price 1 That product is $100, this is only $10 2 Was $150, now only $80 3 Value of $1500, selling for only $150
• 34. Rule 4: Offer Multiple Prices
• 35. Rule 5: Double your Price People tend to UNDERvalue their services.
• 36. Rule 6: Be Careful With Freemium Plans Very difficult to make it work outside of mass markets.
• 37. Rule 7: Grandfather Old Customers In As long as you don’t raise prices for old customers, you won’t get any complaints.
• 38. These are rules, not laws.
• 39. Your 3 Tools for Getting It Done
• 40. 1. The Customer Interview
• 41. 2. A/B Testing
• 42. 3. Customer Analytics
• 43. KISSmetrics helps you find the right price 1 Know who to interview 2 Get A/B results from your whole funnel 3 Track WHO’s doing what
The Playbook To Re-Igniting Growth with Predictable Revenue Co-Founder and CE...saastr
This document provides strategies for tripling a business's growth rate and value. It discusses how specializing sales roles, ramping outbound prospecting through accurate metrics, nailing a niche by deeply understanding customers, and aligning sales and marketing goals can help achieve this. Specific examples are given of companies like Sagemount that tripled their valuation in 3 years by focusing organic sales growth through these tactics, including separating inbound and outbound sales roles and getting marketing to commit to qualified leads instead of just marketing qualified leads. Readers are advised it will take longer than expected but following these strategies can help (re)ignite sustainable growth.
The document discusses the costs and benefits of outsourcing marketing and business development tasks to TRG Business Experts. Hiring 300 experts would cost less than one minimum wage employee but provide services like website development, SEO, video marketing, and reputation management. Outsourcing frees up business owners to focus on operations while the experts help attract thousands of new customers through digital and mobile marketing strategies.
Why marketing automation is indispensible (Shimon Ben Ayoun)B2B Marketing Forum
This document discusses the growing importance and value of marketing automation. It notes that marketing automation software acquisitions totaled over $6 billion from 2010 to 2013 as tools became indispensable. The main challenges for marketing include an expected 20-fold increase in digital data by 2020, empowered customers who complete most of the buyer journey without sales, and pressure to prove marketing ROI. The document advocates for lead nurturing programs to guide customers through personalized, behavior-driven communications. It also emphasizes using automation to improve sales and marketing alignment by delivering better leads and enabling sales to engage opportunities. Analysis of marketing campaigns and attributed revenue is presented as a way to demonstrate accountability through data-driven reporting.
Creating Insanely Great Customers: A Lean innovation strategy for engaging the planet's most strategic customers, the Insanely Great ones. | Get The Book | http://www.creatinginsanelygreat.com |
Outlines what is required to create value for customers at each stage of the customer journey and how doing so increases ROI.
| www.spicecatalyst.com |
Lessons Learned along Insightly's Journey to Model Its Freemium Business - Ka...Price Intelligently
A lot of people *think* they know freemium, but their knowledge doesn't go beyond the basics. Insightly's VP of Finance Karl Laughton *knows* freemium, because he's been in the freemium trenches for nearly a decade. Drawing on his experience, Karl walks through how to properly model out freemium across the board to make sure you're taking advantage of the model properly at Price Intelligently's SaaSFest 2016.
Lessons from Gorgias: How to Close your First 1000 Customers Based Solely on ...saastr
This document outlines how to close your first 1,000 customers solely based on data. It describes building a growth engine by finding qualified leads through trade shows, email campaigns, partnerships and content. It then discusses how to find who should buy from the company using data on 600k accounts to identify 60k qualified accounts and 1k ready accounts. It also discusses tailoring the closing process, personalizing onboarding, and getting a unified view of customers through a growth dashboard to track marketing initiatives and assign the right accounts to salespeople. The result was said to be a repeatable lead generation machine and getting to 1,000 customers through a data-driven culture.
The document discusses Freshworks' approach to building a global SaaS business out of India. It outlines Freshworks' strategy of focusing on the massive SMB market segment, developing multiple affordable and intuitive products to serve customers' diverse needs, and using a combination of product-led and sales-driven approaches to fuel growth across SMB, mid-market, and enterprise customers. This twin-engine model has helped Freshworks rapidly scale revenues from $1 million to over $100 million in just a few years.
From building AI chatbots to using quiz-like lead forms, Marcus will share 20 lessons & strategies that have enabled Venture Harbour to become one of the world’s fastest-growing networks of affiliate websites.
Marcus Taylor, CEO & Founder, Venture Harbour
The document provides lessons learned from 20 years of experience in B2B SaaS leadership. It discusses that targeting niche but large markets in unsexy industries can be very successful, as demonstrated by one of the author's startups that attained strong financial returns without competitors. While venture capital can provide high growth, alternative funding is available for medium-sized opportunities that may be a better fit. The author also advocates focusing intently on a singular goal until competitors cannot challenge you. Key drivers of SaaS sales growth are identified as the interplay between perceived value, friction factors, and go-to-market execution. Finally, the author emphasizes that business performance relies on people and culture, which are worth substantial investment and careful
The document summarizes Jeff Samuels' presentation about high level unification and building a successful go-to-market strategy. It discusses transitioning from $0 to over $2 billion in revenue, establishing partnerships, acquiring the right customers, developing great products, ensuring customer happiness, creating repeatable processes, optimizing sales development representative workflows, prioritizing lead conversion, and setting achievable goals. The key is relentless tracking, continuous execution, and alignment through project management rather than one-time efforts. Innovation and operating outside one's comfort zone were also emphasized.
THIS JUST IN: you don't need to spend a lot to see major profits from online advertising.
Don't believe us?
Join our expert for a power hour in how you can leverage AdWords, Bing, Display and Facebook to produce noticeable results without breaking the bank.
You'll walk away knowing exactly what you need to do to:
- Decide which advertising networks make the most sense for your business
- Set a realistic budget that WILL win you new customers
- Use multiple platforms together to blow your competition out of the water
When it comes to online advertising, it isn't about how much you spend, it's about how you spend it.
Should you be spending more on Facebook or Google?
What is the best budget for your industry?
When should you stop putting money behind a poor-performing campaign?
For these answers and more, join our live webinar with our in-house pay-per-click expert.
You'll learn:
- How to use 2018's results to set the best budget for your business in 2019
- What processes you can set up now to keep wasted spend in check all year long
- How to quickly determine which ad types are actually worth putting your budget behind
- What signs you should be looking for when managing your bids
InsuranceLeads.com provides insurance marketing services to insurance agents and agencies nationwide. The main focus of InsuranceLeads.com is real time insurance leads generation.
"Sales & Customer Success: Where's The Line?" at SaaStr Annual 2016saastr
Dan Steinman, Chief Customer Officer at Gainsight, shares his learnings on how Sales and Customer Success can work together effectively at SaaStr Annual 2016 held in San Francisco Feb 9-11th. www.saastrannual.com
The document discusses unit economics and metrics for a B2B SaaS company. It provides examples of key metrics like customer acquisition cost (CAC), lifetime value (LTV), monthly recurring revenue (MRR), and cash flow over time. It analyzes the company's funnel metrics, revenue, costs, profitability, and capital requirements under different scenarios to determine how changes could impact the business model. The document aims to help the CEO understand how to improve the unit economics and determine if the business is viable and worth investing in further.
This document discusses key metrics and strategies for optimizing customer acquisition and sales funnels. It covers metrics like customer acquisition cost (CAC), lifetime value (LTV), conversion rates, and return on investment (ROI) by lead source. It also discusses how to design effective funnels by understanding the buyer's journey, addressing their concerns at each stage, and creating solutions that entice them while reducing friction. Examples are provided of how to diagnose and improve blockage points in the funnel by getting inside the customer's head.
Pricing is the single most impactful item for a SaaS company, but most founders spend the least amount of time on it. Apart from positioning your product, and targeting an audience, it has a massive impact on growth. This session will take a first step into thinking & applying value-based pricing.
Upekkha.in
The Incredible Impact of Churn on the Value of Your CompanyGainsight
Did you know? A SaaS company with 5% annual revenue churn will be valued 200% higher than a similar company with 15% annual revenue churn.
It’s certainly no secret that churn hurts recurring revenue businesses, but just how much? Beyond simply reducing the revenue you generate, churn hurts the future value of your customers and, ultimately, the future value of your company as a whole.
Join Gainsight Customer Success Evangelist Lincoln Murphy and Todd Gardner, Founder and Managing Director of SaaS Capital, as they dig into the following key questions on why churn hurts and how focusing on Customer Success can have a dramatic impact on your company’s value. This webinar will specifically cover:
- Valuation Drivers of SaaS Companies
- The Impact of Churn through a Case Study
- Measuring, Comparing and Forecasting Churn
The most successful Enterprise SaaS companies know that growing revenue only through new customer acquisition is the less efficient way to scale. Rather, they understand that growing revenue within your existing customer base - through up-sells, cross-sells, and expanded use - is the most profitable way to scale.
In fact, Enterprise SaaS companies that grow revenue - and company valuation - by expanding revenue within their existing customer base also know the key to making this work is to focus on - and operationalize - Customer Success.
From Hackathon to Unicorn with Talkdesk Founder and CEO Tiago Paiva and SaaSt...saastr
In 2011, Tiago Paiva won a Twilio hackathon by embracing the overlooked call center industry. 7 years later that hackathon project achieved Unicorn status while transforming the call center space. Join Tiago as he shares Talkdesk's unconventional journey and what it takes to build a top-valued brand.
The document outlines a business formula for generating profits through content marketing and targeted traffic. It proposes that the correct formula is "Good Content (Offer) + Targeted Traffic + Conversion = Profits" and discusses each element of the equation. It describes various types of content that can be used at different stages - awareness, evaluation, and conversion - to achieve specific goals and metrics. The document also provides a plan for businesses to pick a niche, conduct market research, decide their unique selling proposition, create a marketing funnel, master one traffic source, put everything in place, run traffic, follow up, and repeat with split testing and analyzing metrics.
Sales mistakes that can kill your saas business and how to avoid themmarkroberge
The document discusses common mistakes that SaaS companies make in sales and provides recommendations to avoid them. Mistake #1 is focusing on growth too early before establishing product-market fit. Mistake #2 is hiring a very experienced salesperson too early when feedback is more important than revenue. Mistake #3 is ignoring how the sales compensation plan can impact customer success and churn. Mistake #4 is organizing teams by function rather than by buyer persona. The document recommends organizing teams and metrics around buyer personas to better focus on customer success.
• 3. We’ll cover...1 Right and wrong ways to pick a price2 The two stages of pricing3 7 rules to give your pricing the edge
• 4. Price has a MASSIVE impact on your business.
• 5. Bad Methods for Pricing
• 6. 1. Product cost + X% You’ll undercharge some customers and overcharge others.
• 7. 2. What does the customer want to pay? People have no idea until you ask them for their credit card.
• 8. Pricing by Value
• 9. Value-Based Pricing Your customers get value worth $Y and it only costs them $X.
• 10. Why does this work? People cannot perceive absolute value, only comparative value.
• 11. Some value is easy to calculate...
• 12. Other value isn’t...
• 13. Pricing - Stage 1 1
• 14. Stage 1 is all about the unknown. Customers don’t understand your product and you don’t understand your customers.
• 15. This is before product/market fit.
• 16. The price you pick won’t be the best.
• 17. Your goal = prove that the product can be sold.
• 18. Pricing - Stage 2 2
• 19. This is your growth stage.
• 20. Time to optimize your price. You’ll need a deep understanding for how your customers use your product.
• 21. Interview your customers
• 22. The ideal price is... Just high enough to need consideration but low enough to still provide plenty of value.
• 23. What if you have different customer segments?
• 24. Separate segments with features. Price sensitive customers get limited plans, value sensitive customers get the VIP plan.
• 25. For this to be successful... You need to talk to your customers and understand the benefits they need the most.
• 26. Capture the full value from each customer type.
• 27. Bidsketch Case Study - Old Pricing
• 28. Bidsketch Case Study - New Pricing
• 29. Bidsketch Case Study - Results1 Doubled average revenue per customer2 Only a slight drop in conversions3 No impact on churn Google “bidsketch pricing post”
• 30. Seven Rules for Pricing 7
• 31. Rule 1: End with a 9 $39 or $37?
• 32. Rule 2: Make Your Price Short $1,000.00 or $1000?
• 33. Rule 3: Anchor Your Price 1 That product is $100, this is only $10 2 Was $150, now only $80 3 Value of $1500, selling for only $150
• 34. Rule 4: Offer Multiple Prices
• 35. Rule 5: Double your Price People tend to UNDERvalue their services.
• 36. Rule 6: Be Careful With Freemium Plans Very difficult to make it work outside of mass markets.
• 37. Rule 7: Grandfather Old Customers In As long as you don’t raise prices for old customers, you won’t get any complaints.
• 38. These are rules, not laws.
• 39. Your 3 Tools for Getting It Done
• 40. 1. The Customer Interview
• 41. 2. A/B Testing
• 42. 3. Customer Analytics
• 43. KISSmetrics helps you find the right price 1 Know who to interview 2 Get A/B results from your whole funnel 3 Track WHO’s doing what
The Playbook To Re-Igniting Growth with Predictable Revenue Co-Founder and CE...saastr
This document provides strategies for tripling a business's growth rate and value. It discusses how specializing sales roles, ramping outbound prospecting through accurate metrics, nailing a niche by deeply understanding customers, and aligning sales and marketing goals can help achieve this. Specific examples are given of companies like Sagemount that tripled their valuation in 3 years by focusing organic sales growth through these tactics, including separating inbound and outbound sales roles and getting marketing to commit to qualified leads instead of just marketing qualified leads. Readers are advised it will take longer than expected but following these strategies can help (re)ignite sustainable growth.
The document discusses the costs and benefits of outsourcing marketing and business development tasks to TRG Business Experts. Hiring 300 experts would cost less than one minimum wage employee but provide services like website development, SEO, video marketing, and reputation management. Outsourcing frees up business owners to focus on operations while the experts help attract thousands of new customers through digital and mobile marketing strategies.
Why marketing automation is indispensible (Shimon Ben Ayoun)B2B Marketing Forum
This document discusses the growing importance and value of marketing automation. It notes that marketing automation software acquisitions totaled over $6 billion from 2010 to 2013 as tools became indispensable. The main challenges for marketing include an expected 20-fold increase in digital data by 2020, empowered customers who complete most of the buyer journey without sales, and pressure to prove marketing ROI. The document advocates for lead nurturing programs to guide customers through personalized, behavior-driven communications. It also emphasizes using automation to improve sales and marketing alignment by delivering better leads and enabling sales to engage opportunities. Analysis of marketing campaigns and attributed revenue is presented as a way to demonstrate accountability through data-driven reporting.
Creating Insanely Great Customers: A Lean innovation strategy for engaging the planet's most strategic customers, the Insanely Great ones. | Get The Book | http://www.creatinginsanelygreat.com |
Outlines what is required to create value for customers at each stage of the customer journey and how doing so increases ROI.
| www.spicecatalyst.com |
Verified Lead Generation provides a full-service lead generation process with four key steps:
1. They understand the client's brand and target audience through research to develop messaging and campaigns tailored to audience behaviors and preferences.
2. They create marketing plans, landing pages, ads, and creative content to attract and engage the target audience across multiple digital channels.
3. Campaigns are executed and optimized based on performance metrics like lead volume and conversion rates.
4. All leads are verified by calling prospects to confirm identity and intent before being passed to clients, ensuring only qualified leads are delivered.
How to Win the Big Bet on PersonalizationJake Borr
How often do you visit a site and are presented with content that does not pertain to your behavior and interests? While amusing at times, poorly personalized digital experiences can be frustrating for the end user, and reflect negatively on brand image.
Forrester research found that “Only 16% of marketers currently have the capability to capture customer intent and deliver real-time, behavior-based marketing across all channels.” While personalization’s slow adoption can be attributed to its perceived risk, <strong>personalization is a proven winner in terms of delivering greater engagement, sales uplift and repeat website visits
In this webinar, you will hear from Acquia and MRM on how to take the fear out of personalization, and how successful implementation can help your organization:
-Increase revenue from product recommendations
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-Create a more consistent and engaging digital brand experience
MAB is a full-service marketing and web development company that specializes in web design, development, marketing, and digital PR. They focus on acquisition, conversion and retention of clients to help them grow. Their services include web design, conversion rate optimization, custom web development, social media marketing, SEO, digital PR, and email marketing. They have 24 employees and internationally recognized brands among their clients.
The document discusses the importance of assessing the viability of a business model before making large investments. It describes the speaker's experience with his previous startup Closely, which was unable to find a viable go-to-market channel despite testing direct sales, agency partners, and large solution providers. The speaker advocates doing a thorough evaluation of the addressable market, competition, and industry structure to understand risks before pursuing investment. The presentation provides tips for optimizing messaging and sales processes through continuous testing and iteration.
This document discusses strategies for engaging customers early in the customer journey. It provides examples of HumbleChic, an online women's clothing retailer, that used aggressive engagement tactics like fullscreen modals with discount offers for new customers. This helped increase email captures, order conversions, and average order value. It also discusses how eAccountable, a digital marketing agency, found slideout offers were better received than modals and that testing various offers is important. The document advocates for early customer engagement tools and provides sample data on their effectiveness.
How to Market to, Sell and Service the Connected Consumer and Grow Your Busin...asTech
Frank Terlep has over 32 years of experience in the auto body and repair industry. He discusses how the industry has changed with larger consolidations, more complex vehicles, and insurers wanting more control over the repair process. Today's connected consumer expects an experience, education on repairs, status updates, qualified technicians, and price transparency. However, many shops do not focus their marketing budget and activities on connected consumers. Frank recommends implementing tools like branded email, text, social media, customer databases, mobile apps, websites, digital signage, and more to better engage and serve today's connected consumer. Everything should be measured to improve performance and sales.
Digital marketing is more cost effective than traditional marketing and helps generate better revenues. It facilitates interaction with targeted audiences to build the brand reputation. Digital marketing delivers conversions by creating fast communication through SEO, SMO, and email marketing. It influences prospects to take favorable action through calls to action on websites. The importance of digital marketing is that it allows companies to reach targeted audiences who are likely to learn about the brand and potentially buy products.
EarlyWMC is a full-service marketing agency that was co-founded by Neal Fullman and Laurence Alexander to provide outsourced marketing solutions for companies. They aim to help clients accelerate sustainable commercial growth faster than if working alone. EarlyWMC provides strategic planning, creative services, digital marketing, public relations, and other services through flexible resourcing models. Their goal is to help clients achieve exponential market penetration and growth through outcome-focused solutions aligned with strategic goals and return on investment.
Presenting our growth series to discover how top leaders in Google, Branch, CleverTap, and GrowthX are reimagining acquisition, engagement, and retention for today and beyond.
Customer Acquisition
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Discovering new drive for Business Growth: Digital MarketingLee Myeongho
Learn how to reach, engage and convert your target audience into customers. The talk is aimed at promoting the value of digital marketing and discussing how you can improve your marketing capability by following the step-by-step process that brings your business to the next level.
Creative Mindworks is a marketing and advertising firm that has received over 80 creative awards. It has been named Marketing Firm of the Year by the Latin Builder's Association and has received several other awards and accolades. The document provides details on the various services offered by Creative Mindworks, including account services, consumer research, creative services, copywriting, print and broadcast production, media planning and buying, internet development, online marketing, virtual solutions, call tracking software, customer relationship management software, and a list of clients.
Verify Digital - Verified Lead GenerationMatthew King
Verified provides lead generation and verification services. They have a team of marketing experts who research target audiences and develop customized lead generation strategies. This includes creating media plans, landing pages, ads, and tracking results. They execute campaigns across multiple online channels and optimize for conversions. All leads are then verified through calls to confirm identity and intent. This process aims to provide quality leads and maximize return on investment for clients.
The document provides an overview of inbound marketing and how to build an inbound marketing campaign. It discusses visualizing an offer, creating landing pages and calls to action linked to the offer, optimizing content for search engines, promoting content on social media and paid search, using email drip campaigns to nurture leads, measuring campaign elements, and summarizing that targeted offers can generate leads, landing pages promote the offer, email nurtures contacts, content attracts traffic, and analytics measure improvements.
1. A unified customer success center that provides a seamless content experience across all stages of the customer journey (research, buy, succeed) can increase new customer revenue by 38%, decrease customer relationship costs by 47%, and increase renewal probability by 62%.
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3. Converting documentation and other existing content into an engaging digital experience platform has significant business benefits for companies, as shown by analytics from MindTouch customers.
Street Fight Summit 2015: The Evolution of Selling to Local BusinessesStreet Fight
Alignable CEO Eric Groves: Finding the optimal mix of acquisition strategies is both an art and a science. Groves, who led Constant Contact’s go-to-market strategies for over a decade, will share some of the key learnings from their success and some thoughts about the future.
Organizations can spend a high percentage of their marketing budget on lead generation efforts, only to find that their leads aren't converting. Finding qualified leads has become more challenging than ever before, while making marketing planning and prospect nurturing more critical.
Watch Finding & Nurturing the Right Prospects and gain a deeper understanding of strategies for identifying and nurturing high-value leads in a challenging economy.
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Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
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Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Best practices for project execution and deliveryCLIVE MINCHIN
A select set of project management best practices to keep your project on-track, on-cost and aligned to scope. Many firms have don't have the necessary skills, diligence, methods and oversight of their projects; this leads to slippage, higher costs and longer timeframes. Often firms have a history of projects that simply failed to move the needle. These best practices will help your firm avoid these pitfalls but they require fortitude to apply.
Navigating the world of forex trading can be challenging, especially for beginners. To help you make an informed decision, we have comprehensively compared the best forex brokers in India for 2024. This article, reviewed by Top Forex Brokers Review, will cover featured award winners, the best forex brokers, featured offers, the best copy trading platforms, the best forex brokers for beginners, the best MetaTrader brokers, and recently updated reviews. We will focus on FP Markets, Black Bull, EightCap, IC Markets, and Octa.
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2. Director of Valuation and
Succession Planning
Services
Rea & Accociates
Tim McDaniel
CO-HOST
How to Build Business Value
3. Valuation Basics
Valuation is a prophecy of future
• How much money can someone put into their pockets by buying
your business?
• How certain are they that your earnings stream will continue
• CAGR – Compound Annual Growth Rate
• How does your balance sheet items impact value?
• Enterprise Value verse Equity Value
• Investment Value compared to Fair Market Value
4. How to Grow Your Value
Risk
Sustainable
Cash FlowGrowth
Rate
5. Value Enhancement Process
Determine Business
Owner Goals
•Sell now?
•Future Liquidity Event?
•Future Succession Transfer?
•Just get healthy?
Know Value
•Get current valuation
•Understand what is
detracting from value
•Identify “Value Enhancers”
Grow Value
•Increase Sustainable Cash
Flow
•Reduce Business Risk
•Profit Growth Rate
Realize Value
•Sale
•ESOP
•Succession Transfer
•Increased Cash Flow and
Owner Compensation or
Distributions
6. Director of Valuation and
Succession Planning
Services
Rea & Accociates
Tim McDaniel
CO-HOST
How to Build Business Value
9. 3 Ways to Find New Customers
HUNTING
• Very Targeted
• Usually Big Game
• Outbound / Interruption
• Sales Department
FISHING
• Find Watering Hole
• Smaller but Plenty
• Inbound / Attraction
• Marketing Department
FARMING
• Organic
• Bread & Butter
• Nurturing
• Customer Service
13. Social
You need to be “social” with
your existing and potential
customers online
Website
You need a professional,
up-to-date website to attract and
convert more customers
Content
You need top-quality, valuable
content posted on various online
platforms to capture leads
Digital
Digital Marketing Basics
Mobile-Ready
You need to utilize the power of
mobile marketing to reach more of
your target audience
14. Do They Want What
You’re Offering?
Product & Market
Stop Trying to Create
Traffic. Learn How to
Divert It
Traffic Sources
Becoming a Publisher
and an Advertiser
Content
Replicate Natural
Human Relationships
Conversion Funnel
Five Types of Email
Series You Must Have
Autoresponder
Data Analysis and
Split Testing
Optimization
15. 9 out of 10 mobile searches
lead to action such as a phone
call or store visit;
70% of them lead to action
within one hour
On average, people have 26
apps installed on their
phones;
40% of them interact with the
app immediately after a
notification
Text coupons are redeemed 10
times MORE than traditional
coupon offers;
64% of consumers have made a
purchase as a result of receiving
a text message
Mobile-Ready
Website
Mobile
Apps
Text
Marketing
Mobile Mastery is a Must
25. Getting More Out of Your Business
∙1/2 day onsite + (12)
:90 min calls
∙2 day intensive
∙Non-Competing
∙Iron Sharpening Iron
∙Deeply Relational
∙Skill Building
∙Leadership
∙26%Growth
∙Freedom ∙Asset
Coaching Peer Groups Exec Team Advisor
7:45 - Breakfast now- get your coffee refills
Restrooms
Community –sharing ideas, strategies, challenges and wins
3 building block events, peer groups
Hurry & download the app- use it today.
8am
Story of Pros Partners
Importance of peer groups
Story of Jeff Haskett and Brent Johnson
Sponsors
Inskeep & JKI
Thanks to spnsors again
I help people make more money and have more time.
Complete system- simple tools.
Goal of this prosperity plan is to make things run so well that you take longer vacations.