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Raj Sheth

๐Ÿ‘ค Speaker
171 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

We are going up as we go.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

So I'll break it down what happens.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

So just think of it as a production line, right?

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

First, we optimize the funnel, like the ads and the landing pages.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

Why aren't we getting more than so many people requesting the demo?

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

Then the second point, our SDRs are just trying to do a better job of qualifying the demos and getting more people to demos.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

So we fix that part of the funnel.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

Now we are fixing the conversion part of the funnel.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

So our math is that

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

worst case, we should be doing a 20% conversion.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

Actually, our target is 25% conversion, meaning when our account executive, our salesperson is on a demo, one in four of them should go to one of these $3,000 plans, right?

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

As soon as we have this working predictably, which pretty much we sort of do right now, we're doubling down.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

We have two SDRs and two AEs and we want to feed 40 demos per AE per month.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

And all this spend right now is getting us about 80 demos, which to be honest, which we don't like.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

I'm kind of sharing this on this podcast, but it's kind of an embarrassing number for me because when I talk to some other people, some people are getting double the demos of the same spend, but that's okay.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

It's not an apples to apples and every product category is different.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

To answer your question quickly, we're going to double down on our budget.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

We're going to add two more A's, go from 80 to 160, do more ads.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

But here's the kicker, though.

SaaS Interviews with CEOs, Startups, Founders
957 Why He's Moving from Self Serve to $3k/yr Plans in Recruiting Space

It's not that if you start spending 60,000, you'll get twice as much demos.