Sales & Go-to-Market Considerations
Mike Laginski
Director, L-SPARK
October 2024
Agenda
Meet Kyle Poyar
Partner OpenView Ventures Boston MA.�
Highly recommend you subscribe…and read�and implement what is relevant to your business
Kyle is a GOLDMINE of relevant, actionable insights!�
Steal these Brilliant Growth Tactics
Case studies for each of these growth tactics�
Source: Steal these brilliant growth tactics Kyle Poyar 2024-06-19
The Basics
Foster the Right Mindset
You are Selling More than a Software Product
Satisfied customers come back until something better comes along.
Loyal customers come back because they like doing business with you and have made an emotional connection with you.
You are the #1 Salesperson
Listen…Adapt…Act Accordingly
3 Phases of Scaling
Think Through Your GTM Approach
CAC vs Sales Complexity Guideline
Source: Battery Ventures
Team Size as you�GROW
Sales Processes�are Undergoing Rapid and Massive Change
“Death of a Salesforce”…. Andreessen Horowitz
Source: “Death of a Salesforce”: Why AI Will Transform the Next Generation of Sales Tech July 31, 2024. Zeya Yang, Marc Andrusko, and Angela Strange
The ”switch” from structured text-based DB to unstructured multi-modal (text, image, voice, video)
Key Areas Undergoing Sales Process Automation
Sources: “Death of a Salesforce”: Why AI Will Transform the Next Generation of Sales Tech July 31, 2024. Zeya Yang, Marc Andrusko, and Angela Strange and Kyle Poyar ICP Marketing done right Sept 25 2024
Intelligent Pipeline
Digital Workers
CRM + Automations
Sales Enablement + Insights
WHY NOW?
Where in the buyer’s journey do prospects connect with suppliers?
85%
Why Now?
Why Now…�Tech is catching up to the way people want to buy
Cold Outbound Touches per Opportunity Generated
1000-1400 touches
now
200-400 touches
traditionally
Source: Jeremey Donovan, Insight Partners
Examples of Sales Process Automations
Sources: “Death of a Salesforce”: Why AI Will Transform the Next Generation of Sales Tech July 31, 2024. Zeya Yang, Marc Andrusko, and Angela Strange and Kyle Poyar ICP Marketing done right Sept 25 2024
Examples of Sales Process Automations
Sources: “Death of a Salesforce”: Why AI Will Transform the Next Generation of Sales Tech July 31, 2024. Zeya Yang, Marc Andrusko, and Angela Strange and Kyle Poyar ICP Marketing done right Sept 25 2024
Examples of Sales Process Automations
Sources: “Death of a Salesforce”: Why AI Will Transform the Next Generation of Sales Tech July 31, 2024. Zeya Yang, Marc Andrusko, and Angela Strange and Kyle Poyar ICP Marketing done right Sept 25 2024
A Multitude of Options
Source: “Death of a Salesforce”: Why AI Will Transform the Next Generation of Sales Tech July 31, 2024. Zeya Yang, Marc Andrusko, and Angela Strange
Case Study:�Kyle Poyar Article on Thena
Source: Your Guide to Outbound Automation. Kyle Poyar Oct 25, 2023
IDEAL CUSTOMER PROFILE �AND ACCOUNT BASED GTM
Ideal Customer Profile
Ideal Customer Profile
ICP Fundamentals
The purpose of this exercise is to ultimately reach the right people and sell them!
Source: Kyle Poyar ICP Focus July 25, 2024
ICP Mapping
Source: Kyle Poyar ICP Focus July 25, 2024
Source: Kyle Poyar ICP Focus July 25, 2024
Case Study: ICP Marketing - Mutiny’s Path
Account Selection
Account Engagement
Account Measurement
Source: Kyle Poyar ICP Focus July 25, 2024
Account based vs “Spray and Pray”
The focus of Account Based GTM:
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
5 Building Blocks to Account Based
Target Account List
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
1
5 Building Blocks to Account Based
Team
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
2
5 Building Blocks to Account Based
Target Account List
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
3
Orchestration Guide to Play Types
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
5 Building Blocks to Account Based
Technology
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
4
5 Building Blocks to Account Based
Measurement
Track account-based metrics based on where they are in the sales journey and how fast they are moving through the sales process
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
5
Picking the Right Target Accounts
Hardest part of Account-Based Process
2 ways to do this:�
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
Picking the Right Target Accounts
Variables for how many accounts should a rep being working?
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
Picking the Right Target Accounts
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
Pricing Models
Pricing Models
User Based Pricing or Usage Based Pricing
Source: Kyle Poyer OpenView Ventures October 2023
Examples of Usage Based Pricing
Source: Kyle Poyer OpenView Ventures October 2023
Benefits of Usage Based Pricing
Potential Impact of Usage Based Pricing
Source: Kyle Poyer OpenView Ventures October 2023
AI’s Potential Impact on Pricing
Sources: “Death of a Salesforce”: Why AI Will Transform the Next Generation of Sales Tech July 31, 2024. Zeya Yang, Marc Andrusko, and Angela Strange and Kyle Poyar ICP Marketing done right Sept 25 2024
FREEMIUM�vs�FREE TRIAL�vs�REVERSE TRIAL
Freemium vs Free Trial vs Reverse Trial
Source: Kyle Poyer June 29, 2022 your guide to reverse trials
Freemium vs Free Trial vs Reverse Trial
Source: Kyle Poyer June 29, 2022 your guide to reverse trials
Product Market Fit
5 Steps to Product Market Fit
Specific Customer Type and Use Case
A satisfied customer that won’t let your product go
You know why customers will never let your product go
5 Steps to Product Market Fit
You have been able to “Rinse ‘n Repeat” 5 times
CAC is Less than your LTV
Test. Iterate. Refine. Repeat.
Mentors
Friends in the industry
Investors
Early Adopters
Competitors Websites/blogs
Industry Analysts
Continuously Test and Validate your
Message,
Value Proposition
Key Differentiators�
Digital Marketing
Digital Marketing:�Are you Discoverable?
Where in the buyer’s journey do prospects connect with suppliers?
Look bigger than you are with a great website
85%
Source: Scribebase September 9, 2024
The Power of a Single Word
Source: Kyle Poyer OpenView Ventures October 2023
Own 1 Word – Grounded in 3 Principles
Source: Scribebase September 9, 2024
The Buyers Journey Reinvented
How to Think About Your Website
Your Home Page
Answer these Fundamental Questions�
7 Steps to an Effective Home Page
Step 1: Choose your Audience�
Step 2: Pick your Champion�
Step 3: Map their Situation�
Step 4: Map Limitations and Problems Associated with the current way�
Step 5: Map your Product’s Capabilities, Features and Benefits�
Step 6: Modify an Existing Product Category�
Step 7: Translate Strategic Messaging into Video/Copy
The Buyers Journey Reinvented
The Buyers Journey Reinvented
Preparation
The Sales Funnel
The Sales Funnel
Leverage Product Videos
The Sales Funnel
Social Media Ads
The Sales Funnel
Where the rubber hits the road
The Sales Funnel
Visual Content goes beyond Consumer Products
The Sales Funnel
De-Risk the Deployment
The Sales Funnel
Early Customer Traction
Product Adoption Curve
Successful go-to-market strategies will require specific messaging and marketing tactics for each phase of the adoption curve
Early Adopter Marketing
Contextual Targeting Strategies
Common early adopter traits:�
Innovators Profile
Tech Enthusiast
Open to High-Risk Technology
Excellent Business Feedback
Expect Free or Low Cost
Early Adopter Profile
Visionaries solving real problems
Willing to work with MVP
Expect Results
Buying based on ROI
Case Studies / Quotes
Working with Early Adopters
Demonstrate Value - FAST
Offer rewards to spread the news
Listen. Listen. Listen.
Demonstrate you are listening!
77% of B2B customers that have a positive experience with a company will recommend it to others
Finding Early Adopters - Communities
Buyers Preferred Sources are not Static
Finding Early Adopters��Cold Emailing
Finding Early Adopters��Blogging
Finding Early Adopters��Blogging direct impact on lead gen
Realities of Selling
The Elephant in the Room
Customer Centric Culture��Common Founder Goal
Why EVERYONE is in Sales
The Road to Success
Professional Persistence is Critical
Sales Follow Up is a Key Differentiator
�
Direct Channel Options
Indirect Channel Options
Things to ask yourself before hiring sales reps
Things to ask yourself before hiring sales reps
Sales Rep Profiles
Early Startup Rep
Scaling Rep
The Road to Success – Be Fearless
“I am lucky that whatever fear I have inside me, my desire to win is always stronger.”
Serena Williams
“Most people never pick up the phone and call. Most people never ask, and that’s what separates the people who do things from the people who just dream about them.”
Steve Jobs 1994 Interview
Everyone is in Sales��Good Luck to Everyone!
APPENDIX
ICP: Ideal Customer Profile
5 Ways to Find Early Adopters
Finding Early Adopters��Influencers
Account based vs “Spray and Pray”
Once the accounts are selected:
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
The Value Exchange
Source: Kyle Poyar Your guide to going account-based Aug 21, 2024
It Starts with Product
Reference Articles
How to Build More Pipeline
** Will send along the Kyle Poyer newsletter on How to build more pipeline
Differentiation Goes Beyond Your Product
Sean Ellis��Product Market Fit Survey