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Garen Hess

๐Ÿ‘ค Speaker
179 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

We've recently really focused a lot more on the enterprise and that's where our primary focus is now.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

But as an example, ADP, when they first came on back in 2014, they started with 80 sales reps and they did the split test for 90 days where they had every rep, every other deal they would use consensus as part of the sales conversation and

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

and sales process, and then they compared the deals after 90 days.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And what they discovered was that they had a 44% increase in the close rate when they used consensus and automated demos, and their sales cycle shortened at the same time.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And so that's the kind of impact that we've seen in these larger companies because they can implement it across the board.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

They've got this emphasis.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

How little were they paying?

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

Well, I think at the time they were paying about 40 grand.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And they've since expanded to over 100K.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

I mean, we've experimented with lots of different pricing over the years, especially as we tried to balance small business with large business and all of that.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And so ADP, we've locked into the pricing.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

We haven't raised pricing on them because they've been with us for four years now.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

They keep expanding.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And so we don't see a reason to change that over time.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

We get the, you know, the lifetime value of the customer really was what pays for it.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

Uh, yeah, you're doing some good math right around there.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

So right now we're seeing pretty flat growth because we've been seeing a change in our focus.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

So we've been focusing mostly on, uh, enterprise.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

And so we've seen a growth rate of about 50% annually in our enterprise.

SaaS Interviews with CEOs, Startups, Founders
1466 Sales Demo Tool Passes $3m in ARR, Transitions To Enterprise

But overall, we've been pretty flat just because we've seen some proactive churn as we've churned out some of the customers that it doesn't really necessarily isn't the right fit for on the smaller side.