Jul 17, 2018
Sean Higgins is a Residence at Techstars and founder of ilos where he led sales from 0-1Million+ in annual recurring revenue. Sean specializes in helping new companies use outbound sales tactics. The goal is to validate product-market fit and get early traction in the selling process. In this episode we talk about making sales in startups. Get those first 10 customers today.
Ideas are cheap so what’s really needed is problem solving. Successful startups keep this in mind. Sean believes entrepreneurs should address the hardest problem in the room and keep at it. Too often startups mistakenly focus on hyper viral growth. Most business don’t work that way. Better to find a group of customers that you can serve and grow gradually.
Yes you need to have a long term vision. But focus on what makes your business better NOW. There are two types of businesses:
Success is more likely if you validate a business with recurring revenue. VC fund companies who are proven winners. 0-10 customers is where you coalesce your ideas: the value proposition, the pitch, biggest pain points and how you fit in that situation.
Sean has three questions sellers should ask and answer:
Why anything? Explain why your category matters
and why prospects should consider a new solution.
Why us? – Explain why people should pick your
company. Every founder has an origin story. The story tells why
they built the business and how they differentiate. Tell
stories.
Why now? – This is the most difficult challenge
for startups. Motivate prospects to buy now by showing how you
address a real problem instantly.
The way to know when it’s time to pivot is to have as many conversations as possible. If there is no interest, you’re chasing failure. Pivot! A pipeline without closed sales is not for real. There are two tiers of sales:
Connect with as many prospects as you can and ask: why anything, why us, and why now. If people don’t get what you’re saying, you’re not explaining your category, your company, or your value.
Sales Automation Tactic: FunnelAI social media data scraper for finding leads. It creates the leads when companies share they are being challenged and under stress.
Warning: when content marketing, give 5 contents of value before asking for a sale.
Here are other past episodes digging deeper into startup sales.
The post Making Sales in Startups with Sean Higgins #225 appeared first on Sales Babble Sales Podcast | Sales Training | Sales Consulting |Sales Coaching.