Notes from "How To Build a Solo SaaS Sales Machine"
I’ve been needing some motivation and ideas for getting a side project off the ground, and ran across a video from Steli Efti at MicroConf a couple years ago.
If you do sales of any kind, it’s definitely worth an hour of your time. Go watch it here.
I’m going to publish the rough notes I took while watching it, and at the end I’ll give my one biggest takeaway.
Notes
To be dangerous in sales, understand these:
- sell based on value (not features, etc)
- qualify people (ask questions until you actually know if you can help them or not)
- follow up until you get a yes or no
Content sells
- How people will discover you, return to you, trust you.
- It compounds over time (unlike ads, etc)
Sales Emails
Email is a three step process:
-
Open - figure out how to get them to open the email
- you’re a human, act like one!
- be personable, not overly professional
- don’t be gimmicky or tricky (fake questions, etc)
-
Read - they need to read it
- either needs to be really short, or really good
-
Respond - get a response
- one simple call to action
- follow up until you get a yes or no
If your SaaS product has a trial, you’re not emailing them enough.
- Double the number of emails you send them (today)
- Enough emails that some people think they’re getting spammed
- Out of 10 people, you’re better off with 3 that love you and 7 that hate you, then 10 that are indifferent
- The #1 goal with these emails is to get a response.
Cold Emails
- read “Predictable Revenue” by Aaron Ross
- reach out 1-2 levels above your decision maker - very brief - ask for referral down in the org - 10-30% success rate
Followups
-
“90% of the time when I win, its because I followed up more than anyone else”
-
Followup until you get a yes or a no.
-
Most people interpret silence to be rejection… that’s wrong. Stop trying to read their minds. They’re busy, that’s it.
-
Magic happens when you follow up. Because nobody else is.
-
Some people have success with “The breakup email”: - “I’ve been trying to get in touch… I’m going to take you off my list, here’s my contact info if you ever want to get in touch.”
-
Don’t reference your previous emails or make them feel guilty for not responding. Keep it short, upbeat, and just keep following up.
Demos
-
Should be quick! (10 to 15min)
-
Quality first: Can/should they buy, is it worth their time
-
Show Benefits, not features: Focus on what’s relevant
-
Sales vs Training: Demo the value, don’t teach functionality
Referrals
-
When you close a deal, ask for referrals. When they say they need to think about it, say “sure… but what’s one name in the meantime”?
-
When you close a deal, send the person who referred them a thank you note, and have the new customer thank them as well.
-
“if you follow up with everyone at least 20 times, magic will happen in your life”
My Biggest Takeaway
I loved his mindset on following up. When I’ve sent outreach emails in the past, I’ve struggled to get to 2 followups before I give up, as I assume they’re annoyed and not interested.
My biggest takeaway is “follow up relentlessly until you get a yes or a no, and magic will happen”.
I’ve got a new spreadsheet made for one of my side projects, and it’s got 20 columns for tracking when I send followup emails. I’m looking forward to seeing this bear fruit.