{"id":6835,"date":"2022-02-21T22:00:45","date_gmt":"2022-02-21T14:00:45","guid":{"rendered":"https:\/\/slash.bravefactor.com\/?post_type=resources&#038;p=6835"},"modified":"2024-02-21T11:50:37","modified_gmt":"2024-02-21T03:50:37","slug":"how-to-build-a-sales-machine-for-your-startup","status":"publish","type":"resources","link":"https:\/\/slash.co\/articles\/how-to-build-a-sales-machine-for-your-startup\/","title":{"rendered":"How to build a sales machine for your startup"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Massive sales require proper planning. But is that all you need? Nope! There\u2019s a lot more to work on in order to achieve desired outcomes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In our venture studio at Slash, we build 4 startups a year with co-founding partners. We have distilled our experience in building a scalable B2B sales machine into this simple article.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">First things first \u2013 offer what customers desire<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">As the startup saying goes:\u00a0<\/span><\/p>\n<blockquote class=\"blockquote\"><p>Life is too short to build something nobody wants. You only have two jobs! One \u2013 Find a solution users want. Two Get many users<\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">That means the first and foremost responsibility is to develop a product or offer services according to your market demand. In other words, you should learn what product can solve the issues of your potential customers or prospects&#8217;, and then approach them to assure conversion.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Leveraging the <\/span><a href=\"https:\/\/www.lean.org\/\" rel=\"noopener\"><span style=\"font-weight: 400;\">Lean Methodology<\/span><\/a><span style=\"font-weight: 400;\">, start with the \u201cValue Hypothesis\u201d to test whether or not the product or service is solving customers\u2019 problems.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Then, begin working on the \u201cGrowth Hypothesis\u201d or simply \u201cGrowth.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Your business needs growth<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">It is a common misconception that product-driven businesses don\u2019t require sales. That\u2019s a total myth.<\/span><\/p>\n<blockquote class=\"blockquote\"><p>Growth isn\u2019t a strategy; it\u2019s a result.<\/p>\n<p><cite>&#8211; Andries De Vos, CEO Slash<\/cite><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Studies show that the top 36 US-listed SaaS companies spent 2x more on sales &amp; marketing than on R&amp;D, throughout their lifetimes!<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Choose your growth path to get first 100 customers<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Growth is simple:<\/span><\/p>\n<p><center><strong>Product + Users = Growth<\/strong><\/center><span style=\"font-weight: 400;\">If you want to get the first 100 customers for your business, you will likely need to focus on these three ways of growth:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Paid Growth<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Viral Growth<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sticky Growth<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Paid growth<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You use your money to market your product\/service in paid growth. However, you set your paid growth budget to buy users\/customers less than they help you earn it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Paid growth is proven, but it demands a lot of money for:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Salespeople<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Physical outlets<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Research and advertisement (Google Ads, Instagram Ads, Facebook Ads, SEM, etc.)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SEO, Content Marketing, Press (PR)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">And more<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Viral growth<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The viral growth method has slower results, but it can eventually bring massive users\/customers to your product. For this product strategy, you must:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have a design and utilization of latest technology in the founding team<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prioritize growth above everything, including revenue<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Focus on making your product viral<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use metrics\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apply \u201cWord of Mouth\u201d to gain more results<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Sticky growth<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">As with the Hotel California song, once a customer checks in, they never leave.<\/span><\/p>\n<p>A sticky growth makes a customer show up for your product, and then they never leave.<\/p>\n<p><span style=\"font-weight: 400;\">Sticky growth is focused on retaining customers or ways to make customers loyal to your product or service. This product strategy works for 90% of the companies and is inexpensive and fast.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For a sticky growth product strategy, your focus should be on:\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Retention is everything<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Existing customers are more important than new customers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Work on gaining more traffic and subscribers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Conversions of subscribers<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adding value to the product by giving free gifts, discounts, etc.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Up-sell and get more referrals<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Understanding your first 100 early adopters<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can use the above three product strategies to get your first 100 customers. However, you must know the traits of your first 100 early-adopters, such as:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Always looking for a suitable solution to apply to their problems<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Already have a piecemeal solution in their minds<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Have the budget to buy or spend on the solution offered<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Therefore, you must act clever by understanding their:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Current ways of solving problem<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Behavior towards the current solution<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can start working on the right channels to target customers when you&#8217;ve got all the above information.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Once you have a product strategy with an early-adopter in mind, the next phase is all about specific hunting strategies:<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">8 ways to build a $100m business by targeting right customers<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Based on the famous model of <\/span><a href=\"http:\/\/christophjanz.blogspot.com\/2014\/10\/five-ways-to-build-100-million-business.html\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Christoph Janz<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Big numbers, right? But your business can achieve it if you are offering your products (or services) to the right audience. Or, in other words, who are you hunting?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Here are a list of each customer type in the following animal category.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Microbe\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flies<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Mice<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Rabbits<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Elephants<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Brontosauruses\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Whales<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Funny list. Here is a quick overview of a hunting strategy for each:<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Strategy for microbes and flies<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Selling your products or services to <\/span><b><i>microbes<\/i><\/b><span style=\"font-weight: 400;\"> gives you $1 ARPA (Average Revenue per Account). That means you need 100,000,000 (100 million) customers in order to general 100m. But, selling products to <\/span><b><i>flies <\/i><\/b><span style=\"font-weight: 400;\">has a $10 ARPA, which means, you need 10 million customers to enjoy $100 million revenue.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Target audience B2C<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bring as many as possible users to download and subscribe to your app<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Viral your product on social platforms, like Telegram, Snapchat, Instagram, etc.)<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use maximum User Generated Content, SEO<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use advertisement for monetization purpose<\/span><\/li>\n<\/ul>\n<p><b>Example: <\/b><span style=\"font-weight: 400;\">WhatsApp: $0.1 ARPA \/ year<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Strategy for mice<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Likewise, <\/span><b><i>mice <\/i><\/b><span style=\"font-weight: 400;\">have a $100 ARPA, allowing you to generate $100 million revenue by only 1 million customers.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Target audience B2C<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">At least 1 million users\/customers per year to sign up for a $100 subscription<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Make the product with the help of social sharing<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">E-Commerce could be helpful but requires huge funding to attain 1 million users<\/span><\/li>\n<\/ul>\n<p><b>Example: <\/b><span style=\"font-weight: 400;\">Mailchimp and Evernote<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Strategy for rabbits\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">And selling your offerings to <\/span><b><i>rabbits <\/i><\/b><span style=\"font-weight: 400;\">has a $1,000 average revenue per account, making your business generate $100 million by targeting 100,00 customers.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Target audience B2B<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Best for SaaS platforms with $50 &#8211; $100 monthly subscriptions and 100,000 users per year<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Requires minimum viral factor<\/span><\/li>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Complex growth but possible with inbound marketing, OEM, and inside sales<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Strategy for deer<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">In the same way, you need only 10,000 customers to make $100 million when you have <\/span><b><i>deer <\/i><\/b><span style=\"font-weight: 400;\">to target because the ARPA is $10,000.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Target audience B2B<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Require 10k customers at 100k ARPA and 100k leads<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Same rabbit growth strategy\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Could pay commission to channels<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Strategy for elephants<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Similarly, you only require 1,000 elephants (customers) to generate $100 million, as <\/span><b><i>elephants <\/i><\/b><span style=\"font-weight: 400;\">have an ARPA of $100,000.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Target audience B2B (mostly giants)\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Require enterprise clients, such as SalesForec and SuccessFactors but only 1000 in numbers with $100k ARPA<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Gain customers with more sales-centric approach<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Must have a winning sales team as elephants usually take a longer period (3 to 18 months) to accomplish a single deal\u00a0<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Strategy for brontosauruses\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Now, selling your products to <\/span><b><i>brontosauruses <\/i><\/b><span style=\"font-weight: 400;\">permits you a $1,000,000 ARPA, which means you only need 100 customers to generate $100m.<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Target audience B2B (same as elephants)\u00a0<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Strong enterprise software selling background of at least 20+ years<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Target big industries or start with other smaller animals<\/span><\/li>\n<\/ul>\n<p><b>Example: <\/b><span style=\"font-weight: 400;\">Workday and Veeva<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, it is time to learn the strategies to hunt customers (from microbes to whales).\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Strategy for whales<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">And lastly, offering your services to <\/span><b><i>whales <\/i><\/b><span style=\"font-weight: 400;\">has a $10,000,000 ARPA, and you just need 10 whales to make $100 million.\u00a0<\/span><\/p>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Target audience includes 10 governmental bodies and massive enterprises<\/span><\/li>\n<\/ul>\n<ul>\n<li aria-level=\"1\"><span style=\"font-weight: 400;\">Explain, demonstrate, and promise unique solutions that your product provides\u00a0<\/span><\/li>\n<\/ul>\n<p><b>Example: <\/b><span style=\"font-weight: 400;\">Palantir<\/span><\/p>\n<p><b><i>Note: <\/i><\/b><i><span style=\"font-weight: 400;\">The Average Revenue per Account can fluctuate according to the numbers of customers you have gained.\u00a0<\/span><\/i><\/p>\n<h2>The \u201cpush\u201d and \u201cpull\u201d acquisition strategies<\/h2>\n<p><span style=\"font-weight: 400;\">Once you\u2019re clear on who you\u2019re hunting, you need to build your ability to generate a consistent sales pipeline and acquire customers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The \u201cAcquisition Strategy\u201d traditionally consists of \u2018Push\u2019 and \u2018Pull\u2019 methods.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In the \u2018push\u2019 strategy, you take your product to the customer. It can be done through outbound sales, using TV, radio, email, tradeshows, telemarketing, etc.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pro: <\/b><span style=\"font-weight: 400;\">Great for creating awareness<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Con: <\/b><span style=\"font-weight: 400;\">Expensive and untargeted\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In the \u2018pull\u2019 strategy, you attract customers to your product with the help of inbound sales, including SEO, blogging, social communities, eBooks, articles, webinars, and whitepapers.\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Pro: <\/b><span style=\"font-weight: 400;\">Targeted, impactful, and cost-effective<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Con: <\/b><span style=\"font-weight: 400;\">Requires continuous efforts<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">We will focus on one particular \u2018Acquisition Strategy\u2019, which is the \u2018B2B Outbound Sales\u2019 in the next part.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">3 must-have funnels that do wonders for businesses<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you want to create a powerful acquisition strategy for B2B outbound sales, which is:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Low budget<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allows you to convert prospects into customers for your SaaS product or B2B solution<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You should work on these three funnels:<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Marketing qualified lead (MQL) funnel<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">MQL funnel helps create awareness and interest for your product and convert strangers into prospects. At this stage, your sales team receives inquiries from prospects to get your product information.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Nurture funnel<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The nurture funnel makes those prospects or potential customers desire your product. At this stage, prospects ask for a demo of your product, request for quotation (RFQ) is received, and sign up for the trial period.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Closing funnel\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">This is the last stage, where the potential customer is converted into a new customer. At this stage, the customer buys the license of your product (or enjoy ownership), the target is achieved, and the sale is closed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Among all three, the MQL funnel is the essential one. So, let\u2019s see how we use MQL funnel at Slash.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our Slash growth team begins the MQL funnel process with:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Market Research \u2013 for value proposition, scripts, and product asset<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lead Research \u2013 for Sales Qualified Leads (SQL) with contacts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Outreach (using email, LinkedIn, etc.) \u2013 for achieving KPIs<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Furthermore, at Slash, we use the following tools for B2B Outbound Sales:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">LinkedIn Sales Navigator \u2013 for primary prospecting\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dux-Soup for LinkedIn \u2013 for LinkedIn automation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Pipedrive (an alternate of HubSpot) \u2013 for CRM<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hunter.io, Apollo, and Snovio \u2013 for data enrichment<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Neverbounce\/Unbounce \u2013 for data validation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Dedupely \u2013 for CRM cleanup<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Folderly \u2013 for restricting spam emails<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Zapier + Custom scripts \u2013 for automation\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">You can follow these steps to get great results when working on the MQL funnel.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Step 1: Research<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The first step is to research a particular segment of buyers by defining their persona.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Step 2: Lead research<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The goal is to find people with correct contacts that fall into the buyer persona. For that, you must work on:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contact mining<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Email enrichment, email verification, backup &amp; reporting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Filtering people with similar \u2018buyer persona\u2019<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clearing up unverified contacts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Writing meaningful and convincing templates<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Step 3: Targeting\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Most raw B2B lead research data is driven from external sources, such as LinkedIn. As required, we use LinkedIn\u2019s premium plan to work on the \u2018Sales Navigator\u2019 tool to perform lead research on different locations.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, the screenshot below shows sample targeting for GIS executives living in Jakarta, Indonesia.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Step 4: Data mining<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You can use various tools and methods for attaining in your CRM and then pass it into the outreach workflow.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, you can integrate Pipedrive with Dux-Soup to obtain data from LinkedIn for Customer Relationship Management (CRM) by looking for:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Name\/Surname<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Job title<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Company\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Twitter username and more<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Step 5: Data enrichment<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Once data mining is done, you should go for the data enrichment process. You can use a combination of tools to enjoy around 80% of Sales Qualified Leads (SQLs) for US$50-$500 per month.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At Slash, we prefer combining the following tools:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Hunter.io<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Uplead<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clearbit<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apollo<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Snov.io<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Zoominfo<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">SmartReach<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Step 6: Data validation<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Although the data is obtained in the previous stages, it is still not validated. In other words, you must ensure that all the email addresses are working to know that your message is being delivered.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To do that, you can use the following programs:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clearcut<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Neverbounce<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Unbounce<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Zerobounce<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As you can see in the screenshot, only one email address was working (marked with green).\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Step 7: Outreach automation using four waves<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Now, integrate your SQLs with your CRM automated outbound workflow by:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cleaning up the list<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Adding prospects to your LinkedIn network<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Writing emails<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Moving to the pre-sales cycle and the final stage<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Step 8: Prepare smart templates<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Create simple, concise, but engaging templates for different purposes for your outreach campaigns. Each template should be customizable and target the right audience with the help of:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Marketing message<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Industry point of view<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Geographic location and demographics\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Nature of company and more<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Step 9: Use drip campaigns<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Drip campaigns work when used on LinkedIn connections, and they work best for filtering unresponsive leads. These campaigns usually consist of a connection note along with follow-up messages. So, whenever the lead accepts your invite but never replies, the automated workflow separates them from the system.<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Step 10: Using the nurture funnel method<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Once all the above steps are covered, our Slash team uses the \u2018Nurture Funnel\u2019 process to assure unbreakable and engaging communication, trust-building, and trial signups by prospects with the help of:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">KPIs \u2013 number of demo requests, acquired trial users, inbound RFPs, and more<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Re-targeting SQLs by producing and delivering content with the help of drip campaigns<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">Tips for CRM automation<\/span><\/h2>\n<h3><span style=\"font-weight: 400;\">Tip #1: CRM for solid sales funnel<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">You can use a CRM to build a robust sales funnel and process centralization by including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flexible API limits<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">CRM automation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Using different tools (Pipedrive, HubSpot, etc.) for integration<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">It is also wise to remember that once you spend at least 50% of 1 FTE on finding prospects, CRM will start giving the results.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Tip #2: Know the difference between good leads and bad leads<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">A good lead has the following traits:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Presence of an executive in at least one of the relevant industries<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A relevant colleague to which you can address and deliver the message<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The colleague should be company fit and trustworthy<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Contrarily, a bad lead includes:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A small company with a revenue lesser than the defined budget<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Frequent position changer<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lead without a referral<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400;\">How does Slash work with KPIs?<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">At Slash, we always prefer going with the data-driven approach for our entire outreach process, and we do it by keeping an eye on some of the essential metrics, including:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Number of unique prospects, which are being contacted through different channels<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Converting prospects to the first appointment, and then converting them into contracts<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sales cycle duration<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Average duration of the first contract<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Customer lifetime value from last year\u2019s outreach<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Furthermore, we also integrate <\/span><b><i>hyper-automation technology<\/i><\/b><span style=\"font-weight: 400;\"> with outbound sales tools for qualified leads and successful conversions.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Bottom line<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">You can make a B2B sales machine by understanding your product or service\u2019s nature and demand in the market. Then, you can use product growth strategies on targeted prospects.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, to grow a large business, you must first know who you are hunting. The higher the average revenue per account (ARPA), the more opportunities to achieve your goal fast.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At <\/span><a href=\"https:\/\/slash.co\/\"><span style=\"font-weight: 400;\">Slash<\/span><\/a><span style=\"font-weight: 400;\">, our experts combine the latest technology with MQL and Nurture funnels and all other techniques to help our portfolio target the right audience for their products.<\/span><\/p>\n","protected":false},"featured_media":11646,"parent":0,"template":"","resource-topic":[60],"resource-type":[43],"class_list":["post-6835","resources","type-resources","status-publish","has-post-thumbnail","hentry","resource-topic-staff-augmentation","resource-type-articles"],"_links":{"self":[{"href":"https:\/\/slash.co\/wp-json\/wp\/v2\/resources\/6835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slash.co\/wp-json\/wp\/v2\/resources"}],"about":[{"href":"https:\/\/slash.co\/wp-json\/wp\/v2\/types\/resources"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/slash.co\/wp-json\/wp\/v2\/media\/11646"}],"wp:attachment":[{"href":"https:\/\/slash.co\/wp-json\/wp\/v2\/media?parent=6835"}],"wp:term":[{"taxonomy":"resource-topic","embeddable":true,"href":"https:\/\/slash.co\/wp-json\/wp\/v2\/resource-topic?post=6835"},{"taxonomy":"resource-type","embeddable":true,"href":"https:\/\/slash.co\/wp-json\/wp\/v2\/resource-type?post=6835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}