We are SaaS - built a integration* for CRM like Pipedrive.
We have some trial users , but we need to structure our sales process. What’s the best way to start since we do not have marketing strategy too and no team yet.
I have helped a startup scale their sales and marketing team to $4.5 million ARR so I feel like I can share a few tips.
1. Create a winning sales culture. Meaning create incentives for hitting goals. Both monthly weekly and even quarterly goals. For example if a new rep crosses 60k banked we would take them out for a custom suit and a steak. This is important as you need to keep your reps motivated.
2. Create dedicated and specialized sales teams. Create an inbound team to handle all of the hot leads. Also, create a cold calling and cold outreach team. Use your marketing department to create tons of ebooks for the sales team and ask them to use it.
3. Streamline your CRM and drill down the data as to where you are closing the deal. The company that I helped scale, used Salesforce and Outreach.io. We track everyone's close ratio, and close ratio by lead type. Data is king.
4. Do performance reviews with all reps. Make sure that they have a clear improvement plan. Go over calls and take notes. This is crucial in the long run as it will help you when your scale your team.
5. Figure out 1 or 2 marketing channel that consistently generate leads for your startup. Allocate a marketing budget and keep it it until you start figuring out your CAC (Customer acquisition cost). This is extremely important as all of your projections depend on it.
These are some of the tips I wanted to share. If you are interested in further help, let me know as I have tons of sales enablement experience.
Also, check out this article I wrote specifically covering this topic: https://rahulghosh.ca/sales/scale-inside-sales-team-2019/
Most important of all: think of this from the point of view of your buyers. Make sure you are networking with your clients, rather than your competitors or peers. Learn what they want and when building your sales process don't ask yourself "what should we do next".
Rather ask yourself: "what happens next for the prospect? What would they need from me?"
Understand their buying journey to build your sales process.
If you have no marketing strategy, hiring a sales force is not your critical need. I have watched several companies fail because they did not have product/market fit (a marketing function, not a sales function) and hiring a VP of Sales who wants a team of sales people who have no idea who they need to call, who really wants the product, and who does not understand the market needs. Hint: If you think you have product/market fit at this stage, you are wrong. If you are not wrong, you are the very first company ever to hit it at this stage.
There are four stages of sales:
1) Founder sales. If founders are not in the market talking to, and trying to sell to, who you *think* is your target market, then you will not understand the market. You and your co-founders must be talking to the people you think might like your product. You will not achieve product/market fit without this. This is also where you grasp the CAC/LTV that fuels your forecasting. Hint: It is way more expensive and competitive than you thought building code.
2) "Explorer" sales: Once the Founders have sold product enough times and think they have product/market fit (you will still be wrong) and must retool the technology, build a new tech strategy, and get the next version in production, you then hire one or two "explorers" who take that lead but with the express focus of validating the product/market fit, not only revenues. You must listen to their feedback closely.
3) Strategic Sales: This is a small team that 1) understands the market, and 2) selling cycles in that market who can develop the selling process. These are high-talent, intuitive sales people who know how to listen, not talk. They will build the process.
4) Infantry sales: This is once you have the product/market fit nailed, and a developed, replicable process the strategic sales people believe can be scaled.
You have a ton of work in front of you before you hire a sales team. Selling process is not your biggest concern at this point.
I've been waiting for a question like this since this is exactly my area of expertise (look at my profile to learn why).
It's a bit difficult to give you specific action items to follow since your question is a bit vague/missing some context.
Building out a sales process starts on the marketing front because that's where you generate leads. Sales too can help, but cold calling only accounts for 1% of a company's revenue (not a lot).
Do you do any FB ads? You should generate leads by driving traffic to your app via FB ads. You should offer your product for free for 6 months to drive a lot of traffic. Allow people to sign into the software for FREE for 6 months as long as their credit card is on file (that way you can auto charge them after 6 months).
Then you need to have a CRM that captures these leads and salespeople to call these inbound leads. You need to have a process in place for them. They should call a lead 7-14 times before putting disqualifying them.
I would love to learn more and maybe shed some more light if you'd like to speak.
Easy answer, avoid hiring a sale staff, because you'll have to manage them + pay them, which will quickly suck all the hours out of your day.
Better to just speak at Meetup groups + conferences matching your target client avatar.
Conferences that come to mind are Affiliate Summit + PubCon.
There are 1000s of other conferences.
Fill out a free speaker proposal as the first step. This will allow you to hone your sales pitch to a perfect state.
You'll know your sales pitch is good, when conference attendees start voting wildly for you to speak at conferences.
This is a great way to reach 1000s/conference of qualified leads.