@MichaelScottBlui
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Founder • 1x Exit • 2 Profitable Biz - Affiliate and Vertical SaaS. We help brands generate revenue with high-converting funnels
The Desert 🌵
Joined April 2018
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The ultimate thread on how to grow your SaaS
How is how you grow a B2B SaaS business to 6-7 figures in 2024:
Introducing the '5-Step Launch & Grow Playbook'
Just before I get into it...
Why should you read this?
In the last 7 years, I've helped dozens of B2B SaaS businesses scale to 6-7 figures in ARR within 12 months.
Here are 3 of my most recent client results:
-> B2B Recruitment SaaS books 64 demos and adds $45,000 in MRR within 7 weeks:
-> B2B AI SaaS makes a $150,000 exit within 6 months:
-> B2B Education SaaS goes from idea to a $8.5M Series A in 24 months
--
You might be asking:
So what exactly do these Founders come to me for?
Most Founders are geniuses when it comes to building products.
But when it comes to sales, they tend to struggle with these 3 main problems:
1) Booking demos but can't close them
2) Rely heavily on referrals or inbound to scale
3) Have no robust outbound system to consistently book 20+ demos every month
In other words...
They're not marketers.
And that's exactly why they come to me.
This is where I implement my outbound systems I've used for dozens of clients to help them scale.
This is the 5-step process we follow:
--
Step 1: Identify Your Target Market & Build Your Sales Funnel
"The game is easiest when you pick the right audience." - Dan Kennedy
Create one detailed ideal customer profile (ICP) based on:
• Job title
• Industry
• Location
• Revenue
• Headcount
Then build a sales funnel so they can convert from cold to sold.
Here's a quick sales funnel structure:
Cold outreach -> Social Platforms + Website -> Book a Call
--
Step 2: Building an Outbound Engine that Books 25+ Demos Every Month
Our goal here is to reach out to as many people in your ICP as possible.
We do this by building outbound systems that align with your product and niche.
This includes using one or several of these channels:
1) Cold Email
2) Cold Calling
3) Cold DMing on social media
Key: Start by using multiple channels, then double-down on the ones which perform the best.
And the more channels used = more demos booked.
--
Step 3: Converting Leads into Booked Demos
This is where your sales funnel comes in handy.
When you reach out to leads, they'll check your website and socials.
The content and social proof you share through them will build your authority and trust with the lead.
And is what piques their interest and converts them to demos.
--
Step 4: How to Close >60% of Your Demos
There's only one real objection in demos: Trust.
Why?
When prospects trust you and believe you can help solve their problem -
These 3 objections become logistical issues:
1) Time
2) Money
3) Partner
Build rapport + give value = Convert >60% of demos booked (like I do).
--
Step 5: Turning Customers into 'Customers for Life'
Most B2B SaaS businesses focus on getting clients.
But the key to a long-term and sustainable business is in retention.
Obsess over your product AND provide a great customer experience.
That way you turn every customer into a 'customer for life'.
--
That's all.
Appreciate you for reading this.
If you need help scaling your B2B SaaS business, read the following Tweet below:
I've had alot of highs the last 12 months
But I think my favorite moment was walking off the course at Pebble Beach
and my business made 5-figure profit that whole week...without me IN the business
That's when I knew I really had motion
I put out a job req and put one line in there that 95% of candidates did not follow
"Email me directly with a Loom of why you want this job"
It's a filter, but damn is it a good one
Cash-flow >>>
We found a partner that pays net 30
When the rest of the industry pays net 90
The improvement in cash flow is Immeasurable
Now we get 2-3 cycles of cash before having to pay vendors too
I feel bad when I see all these stories about lifestyle inflation
You start making good money
Leverage the big house
Buy cars you can't really afford
Wife stops working because you "got it"
Then one day the company decides you are overpaid
Don't put all your eggs in 1 basket
I try to push my body to the limits at least 1x per week
It makes all the mentally tough sh*t about running a business easier...
The feedback loops on business changing is so condensed now
It was 3-5 years to see major disruption before AI
Now its 3-5 months
The Tim Ferriss strategy of being uniquely good at 2-3 difficult things is huge
Interviewed a guy last week who could
1. Sell (previous insurance exp.)
2. Handle complex operations for hundreds of customers
Sales and Ops are a lethal combo for growth
List of businesses I never want to run (again)
1. DTC / Retail
2. Wholesaling products
3. Agency selling small retainers
Each has their own headache
If you can be radically accountable for your sh*t
People will respect you way more (and pay you more)
A big company tried to bully me out of half-a-million last week
I punched that bully right in the face.
Cc'd my lawyer who said "that was pretty good"
Guess who cleared their next invoice on time this morning?
My favorite pitch
"Can you help me understand how you run your business?"
For research purposes of course...
Collecting cash is the #1 metric for every business
You can focus on
Leads
Product
New partners
But if you don't know how much cash you are collecting monthly (and where you need to focus to grow that)
Everything eIse DOES NOT MATTER
Data analysis that used to take me 3-4 hours on Sunday is now available by pressing a button
Our AI agent pulls the API and reports on
WoW Net Profit
WoW Revenue share
Top customers and best vendors
Actions to take on major issues / quality drops
It's perfect, actionable analysis too
Be grateful
A younger version of you dreamed of this life
The problems that come with it? Likely champagne problems
Bootstrapped every single one of my companies
My own money - usually hard-earned from a previous venture
Not once have I taken out a loan or gotten an investment in 10+ years
I'm damn proud of that