@MichaelScottBlu

Founder • 1x Exit • 2 Profitable Biz - Affiliate and Vertical SaaS. We help brands generate revenue with high-converting funnels

The Desert 🌵
Joined April 2018
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:
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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
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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
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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
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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
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On the verge of some big things Manifesting it all to work out 😎
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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...
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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
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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
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Let's see how this ages. His first day he was afraid to make cold calls...
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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
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89 y/o grandpa is at a mansion in PV $9k/mo to live there with staff on-site They have 10 rooms available (9 are full) $90k/month to house elderly in a mansion That's the real estate I want to buy with profits
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If you can be radically accountable for your sh*t People will respect you way more (and pay you more)
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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?
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My favorite pitch "Can you help me understand how you run your business?" For research purposes of course...
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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
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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
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Mike | Hustle, Ambition, Stoicism retweeted
Only slightly exaggerated.
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Be grateful A younger version of you dreamed of this life The problems that come with it? Likely champagne problems
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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
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One of my companies is on a $6M+ annual run rate Could be $10M by EoY To finance it we got creative, one of our best customers pays net 30 while I negotiated net 60-90 with our vendors. We get 2-3 cash flow cycles with their money that's show biz baby
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