Startup Professionals Musings

MARCH 20, 2023

Nice to have does not motivate a revenue stream. Technologies that cure world hunger may find that that hungry people don’t have money, and government agencies as customers are a very long sales cycle. More features usually means more complexity in operation and support. Limit the features and complexity.

Customer 276

Customer Sales Cycle Social Media Viral 276

Hunter Walker

JUNE 7, 2014

Not because they’re all operating in stealth or pre-product – in fact some already are earning $1m+ in revenue per annum. Party rounds blew up on a number of startups who found it difficult to get ongoing operational support from investors who didn’t have time or inclination to lean in.

Technical Review 118

Technical Review CTO Hire Finance Stealth 118

ReadWriteStart

FEBRUARY 1, 2012

Most have felt the program worthwhile and given them a jumpstart on their operations. Our plan is to have seven figure revenues and be profitable by Q3, in addition to to seven new hires by end of the year," he says. Their SaaS-based, platform-independent solution results in richer experiences, greater conversion and increased sales.

St. Louis 118

St. Louis CTO Hire Fractional CTO Entrepreneur 118

ReadWriteStart

JUNE 16, 2011

In the case of Freshdesk, their main competitor, Zendesk, is operating with a San Francisco - Copenhagen cost-structure and will find it harder to compete with this strategy. In fact, they generated $100k in revenues over the last year, since they first pitched at one of our roundtables.

India 123

India Bootstrapping Non-Compete Entrepreneur 123

A Smart Bear: Startups and Marketing for Geeks

AUGUST 29, 2011

We did learn from the experience — we did a post-mortem and decided what evidence should have stopped us from accepting the account, and now we build that into our sales cycle. For the same reason that I keep recommending Bill. Even the one you turn away could become a fan.

Technical Review 236

Technical Review Software Review Reputation Sales Cycle 236

Startup Professionals Musings

JUNE 19, 2020

Nice to have does not motivate a revenue stream. Technologies that cure world hunger may find that that hungry people don’t have money, and government agencies as customers are a very long sales cycle. More features usually means more complexity in operation and support. Limit the features and complexity.

Technology 317

Technology Marketing Sales Cycle Social Media 317

ConversionXL

APRIL 28, 2020

To do that, we built a demand funnel that took us from nothing to 44X revenue growth in a single year. That difference cascades down the funnel, allowing you to track the ROI of your lead sources between inbound and outbound campaigns—all the way through to revenue. How long is your sales process? Image source ). Image source ).

Demand 101

Demand Revenue SQL B2B 101

Up and Running

OCTOBER 7, 2019

This metric helps determine how much cash you need for operation and expansion. Revenue growth rate: measures the month-over-month percentage increase in revenue and is the most common and important metric for startups. Revenue and wins by type: compare revenue and wins among existing and new businesses.

Founder 71

Founder Retention Metrics Technical Review 71

Small Business Force

AUGUST 27, 2017

During this initial period, not one sales person was there longer than seven months and most had less than four months on the job. The company didn’t have great results over this time, with only two sales, generating minor revenue. The CEO and founder, who hired and fired the staff, blamed the lack of sales on two things.

Sales 30

Sales Sales Cycle Product Technical Review 30

The Next Web

SEPTEMBER 7, 2013

There’s friction in companies, and so the sales cycles are long. Find a current or former operator that’s passionate about your vision, easy to get along with, and accessible (I shared more advice on this in my recent article on VC signaling). Same goes for team members. Read this , then re-read it about five times.

Technical Cofounder 145

Technical Cofounder Sales Cycle Cofounder Sales 145

ReadWriteStart

SEPTEMBER 23, 2010

First up was Brad Barrett presenting GrillGrate , a grill accessory with which Brad has built a year-to-date revenue of $400,000. Today she is operating at a 30,000 feet level, and I am concerned that unless she gets down to earth and develops more granular and specific strategies, she will not get anywhere. GrillGrate.

India 114

India Silicon Valley Incubator Bootstrapping 114

Where to Play

FEBRUARY 5, 2019

It can fly or roll on any surface, and will actually be able to operate in a wide range of temperatures and pressures. Plants that convert heat energy into electric power, include huge boilers and super-heaters operating under extreme temperatures. The overall challenge was therefore estimated as ‘low-mid’.

Agile 54

Agile Technical Review Sales Cycle Distribution 54

The Startup Magazine

NOVEMBER 3, 2021

In this article, we try and help those who want to promote and boost their SaaS operations by sharing some clever ways to go about it. Since SaaS products have a short sales cycle where potential leads may not interact with your sales team, email marketing plays an important role in encouraging leads through the sales funnel.

Advertising 157

Advertising Social Media Campaign SEO 157

Women Entrepreneurs Can

OCTOBER 6, 2023

CPQ streamlines the sales process, reduces errors, and impresses customers with a professional-looking quote. If your organization needs more efficient revenue processes, including slow quoting, siloed product data, and difficult configuration management, then a CPQ solution can help.

Software 52

Software Sales Sales Cycle Revenue 52

Women Entrepreneurs Can

SEPTEMBER 15, 2022

Whether you’re offering B2C or B2B SaaS, you need to make sure you’re employing the right sales strategies to drive revenue and get your offering into the hands of people and organizations who need it. . The SaaS sales cycle tends to be longer than for a lot of other products and services.

Churn Rate 52

Churn Rate Sales B2C Sales Cycle 52

Startup Professionals Musings

SEPTEMBER 20, 2014

Nice to have does not motivate a revenue stream. Creators of technologies that cure world hunger may find that hungry people don’t have money, but government agencies as customers are a very long sales cycle. More features usually means more complexity in operation and support. Limit the features and complexity.

Technology 286

Technology Startup Sales Cycle Social Media 286

Up and Running

SEPTEMBER 10, 2020

Some of the best plans I have seen define the size of the market by amalgamating the revenues (reported or estimated) of their competitors. If you have some intel on sales cycles, it is important to share that within this section and be sure your financial section incorporates that as well. Is it simply price and volume?

Business Plan 124

Business Plan Elevator Pitch Equity Private Equity 124

Startup Lessons Learned

APRIL 14, 2009

Lessons Learned by Eric Ries Tuesday, April 14, 2009 Validated learning about customers Would you rather have $30,000 or $1 million in revenues for your startup? All things being equal, of course, you’d rather have more revenue rather than less. And yet revenue alone is not a sufficient goal. More on that in a moment.

Customer 167

Customer San Francisco Lean Hockey Stick 167

NZ Entrepreneur

SEPTEMBER 16, 2020

The statistics show that even though most founders bet their time and resources that their startups will be the best in the world, 90% of those new startups won’t be in operation in 10-15 years. For example, “How will unit cost affect our capital requirements and how will product pricing affect revenue?”

Startup 69

Startup Sales Cycle Down Round Revenue 69

Hippoland

AUGUST 8, 2018

Diving in a bit more into some thoughts here: 1b) Ad-based revenue streams generally have terrible unit economics. A typical ad-based revenue stream on a media website is around $5 per 1000 eyeballs ($5m CPM and give or take $1-$20ish CPMs). Sales cycles matter though. don’t think about at all. This is obvious.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Hippoland

AUGUST 8, 2018

Diving in a bit more into some thoughts here: 1b) Ad-based revenue streams generally have terrible unit economics. A typical ad-based revenue stream on a media website is around $5 per 1000 eyeballs ($5m CPM and give or take $1-$20ish CPMs). Sales cycles matter though. don’t think about at all. This is obvious.

Founder 48

Founder Sales Cycle Affiliate Retention 48

Startup Professionals Musings

JUNE 19, 2016

Nice to have does not motivate a revenue stream. Technologies that cure world hunger may find that that hungry people don’t have money, and government agencies as customers are a very long sales cycle. More features usually means more complexity in operation and support. Limit the features and complexity.

Sales Cycle 120

Sales Cycle Social Media Viral Technology 120

YoungUpstarts

FEBRUARY 9, 2016

Bootstrap was term coined from the computer lingo ‘booting’ which means starting a computer or starting a chain of processes which eventually starts up the operating system. Another pro-tip – Keep everything short – small up-front capital requirement, short sales cycles, short payment terms and recurring revenue cycles.

Bootstrapping 100

Bootstrapping Cofounder Startup Sales Cycle 100

Mucker Lab

FEBRUARY 1, 2014

Take Google Adwords for example – after 15 years of being the only scaled source for quality traffic on the internet, less than 20% of its new customer revenues are from “self-service” – major brands and e-commerce/lead gen companies either uses agencies or have Google manage the campaigns for them. Sales Cycle.

Sales Cycle 102

Sales Cycle B2B Sales Web 102

YoungUpstarts

APRIL 28, 2016

Optimizing to quota worked fine when I was an individual contributor, but as I moved into management and got further removed from the nuts and bolts of the sales cycle and engaging with customers every day, I had to figure out a way to influence the members of my team to make their number. Optimizing to quota.

Sales 100

Sales Social Media Sales Cycle Japan 100

ConversionXL

OCTOBER 7, 2022

Understanding CAC by each channel helps you identify areas of opportunity and streamline operations for better ROI. This is due to factors such as maturity, sales cycle, product value, purchase frequency, and customer lifespan. Strong customer relationships fuel loyalty, which results in more sales and recommendations.

Acquisition 22

Acquisition eCommerce Cost Customer 22

Mucker Lab

FEBRUARY 3, 2014

Take Google Adwords for example – after 15 years of being the only scaled source for quality traffic on the internet, less than 20% of its new customer revenues are from “self-service” – major brands and e-commerce/lead gen companies either uses agencies or have Google manage the campaigns for them. Sales Cycle.

Sales Cycle 87

Sales Cycle B2B Sales Web 87

ConversionXL

MAY 27, 2022

Sales intelligence platform Cognism cut their lead generation efforts by 90% in 2021. Then they increased their revenue from $2M to $6M in six months. In this article, you’ll learn how to build a demand generation funnel that fuels the pipeline, shortens the sale cycle, and generates revenue.

Demand 124

Demand B2B Distribution Channel 124

ReadWriteStart

MAY 4, 2011

First up, Manoj Dharap presented EzeeBank , a core banking solution for credit co-operative societies. Manoj is experiencing a long sales cycle of close to 12 months, but he has already created a sustainable company that has revenues and profits. Indian In A Box.

India 116

India Entrepreneur Silicon Valley Massachusetts 116

ConversionXL

JUNE 2, 2022

In this article, you’ll learn how to define your ABM strategy so you can target the right accounts and increase your revenue. Account-based marketing is an approach where marketing and sales work together to nurture target accounts and convert or retain customers. A client may offer more than revenue. Coordinated.

Customer 98

Customer Marketing Channel Acquisition 98

ConversionXL

MAY 27, 2022

Marketers raise brand awareness to capture leads that are handed to sales teams to convert into customers. DGMs see that demand is maintained throughout the sales cycle. 70% of buyers are already clued up on a product before they talk to sales, if they talk to sales at all. How does your DGM operate?

Demand 95

Demand Management B2B Campaign 95

Up and Running

DECEMBER 21, 2016

One way to boost a firm’s cash position is by lowering accounts receivable: This can start with an examination of the company’s credit policy to make sure its credit practices are actually increasing the business’s revenue and income rather than simply draining its cash. One option—cutting operating expenses—can be more of a short-term fix.

Metrics 60

Metrics .Net Cash Position Finance 60

Duct Tape Marketing

NOVEMBER 17, 2022

I was in sales and marketing, and Andrea was in operations and dementia care. And we just kind of rose through the ranks with some of the largest senior living operators, publicly traded companies in regional divisional, and then national VP positions. But we double in size every year in terms of revenue. Okay, great.

Differentiation 74

Differentiation Sales Cycle Audio Networking 74

ConversionXL

MAY 8, 2014

Better Value Propositions Mean Better Revenues: We’ve Got Proof. million in incremental revenue. This is called process value – giving prospects reason to keep moving forward within the sales cycle. million in incremental revenue. It resulted in a 17% increase in subscriptions. Testing Your Value Pays Off.

Clickthrough 100

Clickthrough Cost Tucson Customer 100

infochachkie.com

SEPTEMBER 24, 2011

For instance, if a consultant proposes to help you with public relations, pay them a commission equivalent to the greater of a flat fee per story placed or a percentage of revenue generated from the PR coverage. If a consultant claims they can enhance your marketing efforts, pay them based on their direct impact on your incremental sales.

Equity 40

Equity Silicon Valley Cofounder Technical Review 40

ConversionXL

NOVEMBER 5, 2020

These days, many agencies start as a lean operation. I know this language sounds formal and stuffy, but high-ticket service sales cycles are long. This way, you can focus on business development, communications, and awareness to build a sales pipeline and “validate” early demand. Most B2B buyers know this. Image source ).

PR 120

PR B2B Lean Audience 120

Small Business Force

NOVEMBER 5, 2017

If you’re guilty of this one, it can be a killer because it means you’re, especially, not paying attention to what drives your revenue – your market and the customers in it! Don’t understand your own sales cycle/ or manage your sales pipeline. But that’s not enough!

Sales 32

Sales Sales Cycle Forecast Social Media 32