Why it’s never too early for SaaS businesses to invest in their sales strategy

All hype and a lackluster product are a common phenomenon. We’ve all been seduced by a miracle product that promises so much but underwhelms. But what about the flipside? What happens when you spend all your time focused on technology development and neglect to think of the future sales? It’s tempting to believe that a truly fantastic product will sell itself. Sadly, this is a modern fable of the highest order. Every major new tech development of the past 10 years has been backed by a sound sales and marketing strategy because nothing drives new product investment better than a solid first year’s sales figures.

In the SaaS industry, success is largely predicated on those early sales, as an estimated 92% of SaaS companies fail within 3 years. Despite growth and funding, securing pipeline and a stronghold in the market is even more vital.

It’s a tough situation because it’s natural for entrepreneurs to hold back on marketing and sales plans when they feel their product requires further development but it’s also this lack of planning beyond the initial investment that can prove a seriously limiting factor.

So, if you’ve secured investment, found a perfect product market fit and are confident in your value proposition and pricing, you’re way ahead of most of your competitors. But in a high growth and extremely saturated market, that’s not enough to edge the competition. Beige, generic and all-encompassing messaging that doesn’t help your product stand-out, coupled with a less than expert sales approach, isn’t the winning combination that will help you succeed.

Define your market and nurture it

It’s true, there’s a global market out there if you’re an SaaS business, and even if you’ve validated the market need for your product with extensive research, you still need to have a consistent, defined approach to influencing the decision makers in the businesses who have the most need for what you’re selling. Even if you have the perfect product to solve their business challenge, if your sales strategy and approach to prospecting doesn’t include a thorough discovery process, you could be missing out on valuable prospects and upsell opportunities. Our team are experts in guiding and influencing these conversations, gathering valuable insight throughout their conversations.

Invest in lead generation

If you’re new to the market and your organic traffic and enquiries need a boost, investing in lead generation can not only directly feed your pipeline but drive valuable traffic to your website, and can help you build brand and reputation when you’re still trying to expand your reach.

Stop firefighting and trust a sales expert

We’ve covered the issue of allocating a budget to outsourcing sales in our blog How to decide what to spend your investment on. A big part of this is understanding that the right team is essential to success. When you’re just starting to get established, it’s frustrating for team members to lead functions where they have limited expertise. You can be a genius developer with a talent for securing investment but that doesn’t mean you know how to create a winning sales strategy, tailor conversations that convince decision makers to part with their cash or seamlessly adjust the script to keep a prospect warm and interested. That’s what our team can do for you, giving you back valuable time to focus on core business.

The Covid-19 effect

The pandemic has seen SaaS sales rise, thanks to increased digitisation of services expedited by the shift to remote work. Who knows how long the boom will last? What we do know is that when budgets tighten, SaaS services will have to prove their mettle and stay close to both customers and prospects to keep churn low and convince new customers to part with their cash, making a consistent approach to account managing existing customers and nurturing new relationships even more vital.

If you’d like to find out more about how we can help you create a winning sales approach that will ensure a strong pipeline as the market recovers, get in touch: call 0333 250 3217 or email contact@air-marketing.co.uk.

The Power of Multichannel and how we use it for Success

Imagine if you could only rely on one method to communicate the benefits of your product or service. Think of how you would need to simultaneously build brand recognition, demonstrate the benefits of your product, and consistently engage with the customer using that same method of communication whether they were ready to buy or not. Think about your preferred brands – imagine if everything you had learned about them had been as a result of a one-off radio awareness campaign aired over two weeks. Would they still be your preferred option? Would you feel the same investment in that brand if you hadn’t been furnished with tailored product knowledge to influence your buying decisions? Or received an email with an irresistible offer, followed by a social post that made you smile? The answer is, probably not. Multichannel campaigns are arguably your prospect’s preferred choice. Research shows 67% of B2B buyers tend to research content before making a purchase and 64% of B2B buyers will read two to five content pieces before making a decision to purchase.

Creating awareness and maximizing exposure

Multichannel selling is the second approach. It’s promoting and selling your products on more than one sales channel, taking an integrated approach that allows you to increase your prospective customer’s exposure to your product through telemarketing campaigns, digital campaigns, social selling, video prospecting and content sharing. It’s more than reaching out to prospects through traditional methods of communication – it’s generating awareness in the online communities they already use and meeting them where they already are. It’s a smart way to build brand and reputation, communicate a product or service’s benefits and drive interest and enquiries.

A blended and personalised approach

Our team are experienced in designing sales and marketing campaigns that carefully consider all the variables at play. When working with senior c-suite decision makers, or targeting large enterprises with complex organisational structures, our team know that a transactional approach isn’t the most effective. Instead, they create selling sequences of personalised activity that deliver valuable messaging designed to subtly influence and place the service benefits at the front of the prospect’s mind. When our sales specialists follow up with a phone call, they know some of the valuable product benefits and brand credibility have already been seeded. This is particularly valuable for our clients with high value products, which may have longer than usual sales cycles, meaning a longer-term nurture approach is required to keep their prospects engaged – and this has to extend beyond a single campaign.

Why we’re different

Here at Air, we have the in-house skills, technology and processes to execute multi-channel campaigns. As a specialist end-to-end sales agency, we don’t believe in a templated, cookie-cutter approach. For us, no two campaigns are the same. That’s why we’ll work closely with you to understand your sales goals, your target market’s challenges and their customer’s pain points so you can tailor your campaigns and messaging to cut through the noise and strongly resonate with key decision makers in your desired market.

With Air, you can be assured that we’ll design and deliver a multi-channel approach that helps you deepen your brand recognition and increase your customer touch points, in a meaningful way, so that your combined sales and marketing efforts have the maximum impact and reach without creating arduous processes or unnecessary workload for your internal team.

If you would like to know more about how we can help you discover new markets, land high value accounts and improve brand recognition through a multi-channel approach, get in touch: call 0333 250 3217 or email contact@air-marketing.co.uk.

Ask The MD: What Are Your Top 3 Priorities In Business?

 

In the 10th instalment of our ‘Ask The MD’ series we ask the question ‘what are your top 3 priorities in business?’. Find out the answer in this video featuring our Managing Director, Owen Richards, and sister company Forrest Marketing Group’s Managing Director, Richard Forrest.