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How do you get initial traction as a B2B-startup?

6 pointsby m1tryabout 10 years ago

1 comment

nextw33kabout 10 years ago
We operate in the B2B market and the key takeaways I would say are:<p>Our leads come from: 1, 50% Previous users of our software that move to a new company and then call us up looking for a better system at their new workplace 2, 40% Google Adwords 3, 10% Networking&#x2F;cold calling 4, 1% Conferences<p>Of those three the likely prospect of them actually spending:<p>1, 80% chance because they already know and have already done the selling within the organisation 2, 50% They are actively looking and are open to taking risks 3, 10% This requires a lot of time and energy with very little chance of success 4, &lt;1% In all my time only one customer has ever come out of a conference&#x2F;expo<p>1 and 2 basically require very little time, if you have a sales team they&#x27;ll be doing 3 and 4 because that&#x27;s all that is left. Networking and conferences provides a side benefit of research, you get to see what the market is doing and where it is going.<p>The other major thing is buying cycles, plan on a 18 month to 2 year cycle, if the contact you have within the organisation moves on then that is generally a good thing as it opens more opportunities.