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MenuHow can I create a sales plan and sales funnel to make revenue for my new business?
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Hello! My name is Humberto Valle, I'm the founder of Unthink Digital Marketing (www.Unthink.me) I have been helping new businesses and startups for the better part of 10 years. I have sold 2 companies as well as failed a few others and currently ran my agency for 7 years.
To start I want to congratulate you for following a niche in a market that is poorly served. This will facilitate your go-to-market strategy. With that said, I do have to agree with the previous answer. You need to focus on only one channel, not necessarily a group but a distribution channel and method. For example, your lowest cost will always be direct to consumer through online sales. This means you need to have a website properly designed to funnel visitors, curious browsers and those with an actual search through the process of getting them exposed to the solution, interested in the product and brand, and wanting to try them.
By leveraging digital media you can then attain other channels as they approach you versus you diluting your efforts trying to get to them. What I suggest you do is have a really good website flow designed (a funnel from visitor to subscriber or purchase) so that you have good SEO, good Calls To Action, good images, good offers and good content demonstrating what your product solves. Get into Amazon. Position yourself in the right social media channels and with the right sort of updates and shares. Get on Linkedin and build relationships with the Presidents, CEOs, Managers, Franchisees, etc. in charge of making purchase orders. Use social media, including Linkedin to promote your value proposition (not the product or its price).
If you were to reach out to companies directly, is all about having a strategy.
Send a few samples to a few strategic clients ( headquarters of franchises or companies with subsidiaries and retailers) Don't waste your time trying to get in with small companies which can be just as hard as any other company.
If you would like some help creating a good marketing campaign and strategy for your product, please do consider us at www.Unthink.me - we have helped small businesses through the world, some universities and city level governments.
I have make sales plan for FMCG for more than 20 years. I have a special methodology called OGSAM.
O - Organization - Structure available and nedded
G - Goal - Strategic Goal aligned with Business Plan
S- Strategies - How the Goals will achieved
A- Actions - Detailling Strategies into Actions
M- Matrix - All numbers involved included simulations of defferent scenarios.
Addtionally Consider> SWOT Analysis
Market Share, and Product Matrix
I am also specialist in Balanced Score Card.
More details it will be a pleasure to answer in a call.
Recognizing a problem or need that you have is the step that triggers a search for more information. The strategies used to gather information tend to vary based on the size and scope of the purchase. Deciding which provider to use to install a new inground pool at your home, on the other hand, will involve calling around, reading company reviews, visiting showrooms, and talking with salespeople. According to Pardot, 70% of buyers turn to Google at least 2-3 times during their search to find out more about their problems, potential solutions, relevant businesses, etc. Many people also turn to social media and forums for recommendations. Let us say you are a marketing platform or agency. You could create content around link building, SEO, Facebook advertising, or any other strategy that your customers would be searching for. If you are an accounting software company, you might create content around helping solopreneurs figure out their finances for the first time. However, say the customer is evaluating marketing automation programs to help improve the sales funnel they created. They might request free trials of the different systems they are considering, have online demonstrations with each company’s representatives or view training videos to get a feel for how each system will perform. If you are running an accounting business, at this stage your customers would be evaluating different potential service providers.
You can read more here: https://www.singlegrain.com/blog-posts/content-marketing/how-to-create-marketing-funnel/
Besides if you do have any questions give me a call: https://clarity.fm/joy-brotonath
Related Questions
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I am working on creating a sales compensation plan for a recurring revenue model are there any pitfalls I need to be aware of when creating this?
Personally, I'm a fan of sales comp plans being tied to ongoing performance. Sure, the salesperson should get some of that long tail, but only while he continues to work productively at the company. Once he leaves, he should lose the tail, since someone else will likely need to step into the relationship with his customers. But there are too many variables to give a universal answer. The true answer is this: You need to pay your salespeople enough so that they are motivated to keep working for you rather than seeking alternative employment. This means you need to analyze at-quota pay, and ensure that your base and commission structures provide a market-level of compensation at quota. You can muck with anything you want as long as that goal is met.DF
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Startup Looking To Hire First Sales Employee - And completely lost. Any advice on compensation structure (benefits?), items that need to be in place?
Instead of repeating the wisdom of others, I'll link to it below. Here is a great blog post on hiring your first salesperson: http://tomtunguz.com/when-to-hire-a-salesperson Also, Mark Suster has written a ton of great post on his blog about startup sales. http://www.bothsidesofthetable.com/on-selling/CH
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Whats the best way to find commission sales reps?
This is not my specialty, however, I have been in your position many many times -- maybe this will help. If the product is in-tangible, then look for JV partners on the Internet. Try to find an expert that deals with these JV opportunities (like me). If the product is physical, then look for sales organizations that have networks of sales people across the country. You do the deal with the organization and the independent network of sales people sells your product. It's a sweet setup if you can negotiate a margin that works for everyone. Hope that helps - Cheers - NickNP
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What do (bootstrapped) startups offer to new sales hires? Commission only? What are some good examples to keep people motivated and still survive?
Generally bootstrapped startups should avoid salespeople, for a few reasons: a. they typically can't afford the base and overall comp required to attract sales people who can actually sell / or afford to support them with marketing, management, etc b. it will be very difficult to find the rare person with the right mix of sales and startup DNA along with the critical domain knowledge, consequently the startup is likely to settle c. the founders need to be very involved in the selling and customers will demand it That said, if the plan is still to hire a salesperson, find someone who has demonstrated sales success in startups and is excited by the early stage in company building. Create a comp plan heavily leveraged on sales results (unless you are in an industry where 100% commission is a common practice, would recommend against $0 base as this creates the false impression that your hire isn't passing time with one company while looking for another job with a richer comp plan - you want your rep focussed). Sell the vision and opportunity to be part of a growth story. I have written a several blog posts on hiring sales people into start-ups. You might find these useful: http://www.peaksalesrecruiting.com/ceo-question-should-i-learn-to-sell-or-hire-a-sales-person/ http://www.peaksalesrecruiting.com/start-up-sales-and-hiring-advice-dont-stop-selling-once-you-hire-your-first-sales-rep/ http://www.peaksalesrecruiting.com/hiring-start-up-sales-reps/ http://www.peaksalesrecruiting.com/startups-and-salespeople/ Good luck!EB
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What is the point of having multi-year contracts in SAAS if the customer does not pay upfront for the 2nd year?
If you have an enforceable contract, the client is obligated to pay for the services received. As a business owner, I would be very concerned if a SAAS was demanding upfront payment for 2 years.SN
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