September, 2017

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How Much Should A SaaS Startup Invest in Sales & Marketing?

Tom Tunguz

How much should a SaaS startup invest in sales and marketing at different stages of the business? This is a very nuanced question, but benchmarks do provide some guidance for what is reasonable. Sales and marketing investment depends on many different factors including establishing product market fit, the business’s sales model (inside, field, freemium), and not least, cash balance and fundraising capacity.

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Creating a Daily Routine for Growth

Sales Enablement, SaaS and Growth

Over the past 12 months I’ve invested considerable time thinking about, experimenting with and optimising my daily routine. I relish figuring out new ways to become more efficient and better at my work. There’s a limited number of hours in the working week, so the challenge is to use our time so that we not only produce our best work, but also clearly understand what’s going to have the biggest impact.

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Use Customer Data to Add Value to Your SaaS Solution

Practical Advice on SaaS marketing

If you’re a software-as-a-service (SaaS) solution provider, you’ve got something that your customers want… but you may not even know it. Data. Namely, data that you can see because you’re hosting an application for lots of users. In aggregate, this information can be very useful. For example, if you host an HR solution, you could see the average number of vacation days used by employees, or the average number of candidates reviewed for each open position.

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The Vital Role of Customer Success Operations

Totango

Today’s customer success executives are being challenged to use unprecedented amounts of customer data to build more predictable revenue outcomes and run more efficient operations. That’s on top of their existing efforts to manage an entire customer base. If you are a VP of Customer Success, it is time to go beyond defining strategy and start ensuring the execution of your strategy across the organization.

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Beyond the Basics of A/B Tests: Highly Innovative Experimentation Tactics You Need to Know

Speaker: Timothy Chan, PhD., Head of Data Science

Are you ready to move beyond the basics and take a deep dive into the cutting-edge techniques that are reshaping the landscape of experimentation? 🌐 From Sequential Testing to Multi-Armed Bandits, Switchback Experiments to Stratified Sampling, Timothy Chan, Data Science Lead, is here to unravel the mysteries of these powerful methodologies that are revolutionizing how we approach testing.

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A/B Testing Shopping Carts For Optimization

FastSpring

Modifications to your website shouldn't be made on a whim. Instead, it's important that you conduct extensive A/B testing to determine whether the changes you want to make are going to make a positive impact on your bottom line. This is especially crucial for your shopping cart functionality.

More Trending

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Shopify S-1 Analysis - Smiling All the Way to $10B

Tom Tunguz

Shopify is an exceptional business. There are not many software companies who can nearly quadruple their enterprise value in two years. But Shopify has grown from $2.7B in enterprise value to more than $10B. What are the metrics behind this behemoth? First, let’s describe the company a bit. Shopify provides e-commerce infrastructure to merchants.

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How Presto Brings The Best Out of Big Data Analysts

Rakam

If your job title resembles anything like Data Analyst, VP Analytics, Head of Analytics, etc, you know how critical your role is in the company. You resume work on a typical weekday and are already faced with countless reports to churn out. The Management meeting is breathing down your neck. A client whose data is managed by your organization has called in.

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Documentation: The under-appreciated hero of SaaS

Chart Mogul

Documentation, more often than not, is an afterthought for many SaaS businesses. But when given focus it deserves, it can be a highly-scalable customer success machine capable of stopping churn in its tracks. Sweating the details on your product’s visual design. Tackling complex technical challenges at scale. Building a world-class sales team.

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How Zendesk Invested in Customer Success from a Product-First Perspective

Totango

Zendesk is a family of products that helps companies manage the entire customer lifecycle in different ways. They are on a scale that is uncommon for B2B companies, with a $350M run rate, 90K paying customers, and an additional 50-100K free or trial customers at any given time. At Customer Success Summit 2017 , Sam Boonin, VP of Product Strategy at Zendesk, gave a keynote address where he pointed out that “relationships between businesses and consumers are complicated,” because what they want is

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How Investors & Strategic Buyers Evaluate Integrated Payment Strategies

Explore how integrated payment strategies impact investor and buyer evaluations. Payments are more than a feature — they’re a key to long-term success and market differentiation. They help SaaS companies offer seamless user experiences and efficient operations. Investors and strategic buyers assess these integrated payment strategies as a measure of a company's growth potential and sustainability.

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Highlighting The Key Elements of Inbound Marketing, PPC, and Natural SEO

FastSpring

Inbound marketing, PPC (Pay-Per-Click), and natural SEO are all great ways to market your SaaS or digital product. Each method is based online, and they're relatively inexpensive, which makes them a good fit for startup companies. You've probably heard the terminology tossed around in marketing circles, but what are the key elements of each of these methods?

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6 Mistakes Growth Candidates Make in the Interview Process

Brian Balfour

Get the customizable Growth Interview Prep Worksheet that accompanies the post here. You walk into your growth interview after hours of preparation. You’ve perfected your 2 minute pitch, polished your work stories, and maybe even done some case prep. You’re ready to showcase your achievements and you have an answer ready for any question they throw at you.

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The Challenges of the Platform Go To Market

Tom Tunguz

One of the most difficult go-to-market strategies for startups is platform. Platform go to markets mean selling software that can do many things, depending on the customer need. Selling a platform is challenging for five reasons. First, most customers buy software to solve a particular and immediate problem. When pitching a platform, the potential buyer has to imagine what the platform can do for them.

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Leading Matters FRAMED #63: Tapping Into Power of Emotion

Joel Caparella

Introducing the first episode of Leading Matters FRAMED. I think you will find the premise both interesting and engaging; take the most recent full interview episode of Leading Matters and pull out one specific powerful topic to pay attention to. Today we frame up episode 62 which was my interview with Craig Ballantyne, and you are going to absolutely love this closer look at how Craig communicated during our conversation.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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3 Steps to Take to Start Transitioning Your Business to SaaS

Entrepreneur - SaaS

People are often averse to change, but businesses can't afford to be if they want to remain competitive.

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Part 1: How to Build an Effective Health Model

Totango

Today we hosted a webinar on Customer Health with our customer, iPerceptions. There has been a TON of interest in this topic which is why we’re calling it Part 1 of our Customer Health series. For those of you who couldn’t attend today’s webinar but have an interest, catch the highlights below the link to the recording! What is a Customer Health Model?

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Are You Maximizing Your Subscription Billing Potential?

FastSpring

Subscription billing is increasingly becoming the norm, for SaaS companies as well as companies that offer tangible assets. The "Subscription Economy" is taking hold, displacing the more traditional model of doing business. More businesses are making subscription or recurring billing available, including your own. That said, are you maximizing your company's subscription billing potential to its fullest?

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Why inside sales is shaking up the entire sales industry

CloseSaaS

When you think about traditional sales, you might picture a bunch of people wearing ties in a scene from Boiler Room or two guys in country club getup shaking hands on a golf course.

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Driving Growth, Customer Satisfaction, and Retention through Usage-Based Pricing

As companies strive to boost revenue, deliver customer value, and stay competitive, they are increasingly embracing the potential of usage-based pricing.

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Ownership - A Defining Trait of a Leader

Tom Tunguz

One of the hardest things for me is to admit is when I’m wrong. It’s hard first to admit it to myself. But harder yet is to admit the error to others. It could be my wife or my colleagues. Most challenging of all is owning the error in a public forum. But admitting mistakes is a key defining attribute of a leader. Owning the mistake accomplishes one critical thing.

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SaaS Leaders Share Their Advice On Moving Upmarket To Win Enterprise Customers

Chargify

The post SaaS Leaders Share Their Advice On Moving Upmarket To Win Enterprise Customers appeared first on Chargify Blog.

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7 Awesome Entrepreneurs shared their secrets at SaaStock 2017

Pierre Lechelle

As some of you may know, the largest european SaaS conference happened in Dublin on the week of the 18th of September. If you don’t know about SaaStock, you should definitely check it out. This edition gathered 1 500 people from all over the world. Great content and awesome people! I get the most out […]. Cet article 7 Awesome Entrepreneurs shared their secrets at SaaStock 2017 est apparu en premier sur Pierre Lechelle.

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Do Every Single Thing Gary Vaynerchuk Tells You to Do

Joel Caparella

Every single thing that Gary Vaynerchuk does and says you should be putting into practice. That should be the full extent of this post; listen to Gary Vaynerchuk and do what he says to do. What motivates this seemingly thousandth iteration of telling you to listen to GaryVee? I tuned in to this half hour conversation between Hubspot CEO Brian Halligan and Gary Vaynerchuk as part of Hubspot’s Four Days of Facebook promotion.

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Addressing Top Enterprise Challenges in Generative AI with DataRobot

The buzz around generative AI shows no sign of abating in the foreseeable future. Enterprise interest in the technology is high, and the market is expected to gain momentum as organizations move from prototypes to actual project deployments. Ultimately, the market will demand an extensive ecosystem, and tools will need to streamline data and model utilization and management across multiple environments.

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5 More E-commerce Merchant Account Questions to Ask, Right Now

FastSpring

Are you ready to launch your SaaS service, sell your app or distribute your digital download? In another post , we outlined six questions you should ask your e-commerce merchant solution provider. But for such an important decision, there are a number of factors to consider. Here are five more questions to ask before you sign on the merchant account dotted line.

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How Close built a killer content marketing machine

CloseSaaS

There’s a reason why we've created so much content over the last four years, and it’s not just because we like hearing ourselves talk.

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Decision-Making Auditing

Tom Tunguz

How do you help someone when that person knows substantially more about the question than you do? This is one of the most fundamental and frequent questions in management. I came across it first as a product manager. Then as a manager of teams. And last as a board member. In each of these situations, have interacted with people who knew substantially more about their area of expertise.

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New: ChartMogul Revenue Recognition

Chart Mogul

Today we’re excited to announce ChartMogul Revenue Recognition! Now finance teams can save countless hours preparing income statements and get a real-time view of GAAP revenues. To date ChartMogul has primarily been about metrics; MRR, Churn rate, etc. these are things that teams might use to track their progress or inform decision making. We also added cash flow charts back in 2015, but these only show how much money has been received from customers in any given period.

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From Whims to Wins: How a Customer-Centric Portfolio Transforms Product Strategy

Speaker: John Mansour - President, Product Management University

You know that sinking feeling. You’ve come up with a winning product strategy, everyone’s on board and energized, and you’re halfway down the path to execution only to have it submarined by something someone convinced your leadership was more strategic! It’s a scenario that’s all too familiar, and it exemplifies one of the biggest struggles with individual product strategies.

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Data Security: How Safe Is Your Data With Presto?

Rakam

Imagine you resume work and realize that your data has just been compromised. Months and years of data all maliciously tampered with and there’s no idea where it all went wrong. Take John… John manages data at a company called ABC Technology. One morning, he’s asked to look for a better query engine that can manage the company’s gigabytes and petabytes of data.

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A Guide to Ad Targeting with Artificial Intelligence

ReSci

Facebook had been successfully running its ad platform for several years before launching Lookalike Audiences in 2013 to enhance its ad targeting. Since then, Facebook has grown their quarterly revenue from ads from $1.5B in the first half of 2013, to $9B+ in Q2 of 2017. Amazingly, the. The post A Guide to Ad Targeting with Artificial Intelligence appeared first on ReSci.

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Everything You Need To Know About Digital Taxes and the VAT

FastSpring

Struggling to keep up with digital taxes in the global marketplace? You’re not alone. In the U.S., states were initially slow to adapt to digital download taxation, then suddenly enacted a wave of new rules. European Union countries apply varying amounts of Value Added Tax (VAT) on imported digital services, in the name of fairness to EU sellers.