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Startup Sales Model Confusion

Startup Sales Confusion

Figuring out the sales model for your startup takes time. If it’s your first rodeo, chances are you’ll try different tactics before you find the one that works for you and is truly a scalable rinse-and-repeat model.

This is not meant to be discouraging; every founder goes through a process of tweaking their sales and go-to-market strategy. That learning process establishes a strong foundation for your startup’s culture and guides future hiring.

The key is to start early. Sales strategy is a byproduct of thoughtful customer discovery and market validation. Do those things before you build the product, and you will have a head start on what selling to your customers should look like when the product is ready to launch.

#startups

#salesstrategy

#productmarketfit

The Myth of Free

The Myth of Free in B2B

Of the many things that are keeping you from getting traction with your early-adopter customers, Price is probably not one of them. The tendency to offer your product for free, especially in the enterprise B2B market, is very tempting but completely misguided.

Early on, one of the many things you need to be testing with your marketplace is their ability and willingness to trade their time and capital for access to your product. If you make a good enough case that the value of your product meets their needs, they will find a way to pay.

Explore a lot of options when you’re trying to get those first six customers and get some initial signal that you’re approaching product-market fit, but don’t jump right to free as a way to get around all the other objections; it rarely works.

#startups #B2B #pricing

Startup Rant – Risks

 

Identifying and decreasing the risks that threaten your startup is job #1 for founders. Prioritizing these risks is your key to survival. Stay focused to stay alive.

 #startups #startupfounders #risk #startupmonkey

 

 

Short Video Rant #1

Focus Fanatics

Of the many roles that startup founders must tackle in the early stages of their new venture, Chief Focus Officer is probably the most important.

It is far too easy to get distracted by all the bright, shiny objects and side quests that seem intriguing but do not move the needle as you try to transform your new idea into an actual product.

I’m not exaggerating when I say that Focus is the number one hurdle that most startup founders are struggling to overcome. Some recognize this fact and are aware enough to seek help, but most do not and continue to be frustrated by their lack of progress.

They stay busy hopping from task to task, working on all the wrong things, without the ability to prioritize what is most likely to help them win or fail.

#startups #startupfounders #focus #startupmonkey