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Chris Marientis

๐Ÿ‘ค Speaker
205 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

It was just the wrong process.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

And that's why we weren't growing the way we wanted to.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

Secondly, I knew we had to have a different culture.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

We were moving to a transaction, more of a transactional sales model.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

And I'll get into that in a little bit.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

But that transactional sales model requires super high energy, really granular data at the salesman level.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

So you really know what they're doing so you could train them, support them, understand and have prediction about what your next month's going to look like based on the output of what they're doing.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

And then, you know, next we really switched from a inbound model.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

I mean, I didn't know a whole lot about SaaS, so I read predictive revenue, like probably most of you guys did in the room and said, gee, I'm going to commit to that model.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

And I did that for three or four years and it wasn't working.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

That was primarily inbound, SDR, multiple steps, advertising a lot in Facebook and our customer acquisition costs were fairly high.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

We had a high ASP, but

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

It still was super high for what we were doing.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

And then Mike came in and brought in this transactional model that was really outbound first.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

So today about 30% of our revenue is from inbound.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

We're still doing inbound, but outbound creates a predictability of revenue if you do it right.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

And if you have the right types of technology, right kinds of management and leadership in that.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

So we're a very KPI-driven company at this point.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

I have my KPIs, I do weekly with my executive team, but for the sales leadership, their KPIs look more like this on the outbound side.

SaaS Interviews with CEOs, Startups, Founders
How to 5x Your Bookings with a Transactional Sales Model for SMBs

It's really around starting with dials, demo sets, dials to demo sets, demo sets, held demos, win rate, MRR.