Hey all!
I'm Louis, the guy who runs the Indie Hackers Sales group and Sales for Founders.
Over the past few years, I've helped thousands of early-stage founders learn sales, find their first customers and make $millions in revenue.
Oh - and I've also led sales teams and built/sold several profitable SaaS businesses of my own.
Share your question/problem here and I'll do my best to give useful, actionable feedback or advice.
Thanks!
Hi Louis! We're doing good in terms of sales at optemization.com actually, but have a couple of sales questions:
BTW thanks for Sales for Founders, it's awesome.
Thanks!
That really depends on what stage your business is at, and what you're hoping to get out of the call?
I'd almost never recommend demoing the product though. The only possible exception is if you have a potential customer who uses a competing product, and literally only needs to see the 5 things that makes your product better suited to them.
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That's all about structuring your content around the "journey" you need your potential customer to take while reading it...
Consider the difference between #1 and #2 --> that's the journey you need to take the potential customer on in your content.
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That's kind, thanks!
Honestly, I stumbled my way through it a bit. Here's my Indie Hackers podcast episode where I talk a bit about the process.
Louis, thanks for doing this!
I’m planning to launch v1 of our b2b saas in December.
I don’t have a sales system & process setup yet, but I’ve been doing ok with direct sales in the last couple of weeks through my network and cold outreach (closed my first presale 2 weeks ago!). But now I have a couple of customers waiting to get the features they need and I need to shift my focus more towards product dev. I’m thinking of hiring someone for sales & biz dev to take most of the work off of my plate. I considered hiring a developer instead and spending even more time on sales, but I’m MUCH faster and more efficient on the engineering side than I am in sales. Plus, developer salaries are pretty high!
Qs:
I don't know the full story, but based on what I've heard so far and my experience, I'd say probably not.
Finding, recruiting and training a decent sales hire takes months. It's more work, not less.
Plus, it takes you personally further away from your customers. Which is what's most important right now.
You'd want to hire at least 2-3 sales reps at once (and end up keeping the best one). It's almost never a good idea to just hire one salesperson.
Here's a great guide: https://blog.close.com/sales-hiring-101-for-startups/
Probably not. That's how you get unethical sales hires with nothing to lose. Wait to hire until you can afford them.
Depends how many deals they can close per month.
A good salesperson based in the US will want to be safely making at the very least $5k/month (probably much more).
How much commission do you have to pay out to get them to at least that number every month?
That was super helpful!
Just one follow-up:
What range of commission (as a percentage of total compensation) would you recommend? I'm assuming it shouldn't be 0%
Hi Luis, thanks for your willingness to help:) What is your best cold email example?)
No problem!
So - in general - I think cold email is pretty inefficient for most indie hackers.
I'd nearly always recommend doing warm outreach instead.
And I'd NEVER recommend using a cold email template. Those are almost guaranteed not to work for your individual product, situation and recipient.
That said, here's a link to a breakdown I did of a good cold email someone sent me: https://twitter.com/louisnicholls_/status/1248578404435333122?s=20
Thanks, checked out your example, A bit lengthy but good, especially if you are doing podcasts. I wouldn't call it cold:)
I built Simple Ops, perfromance and uptime monitoring for websites. I had a good start but i want figure out organic channel sto acquire users in the long run.
https://simpleops.io/
Great question!
This strays a bit away from sales and into marketing, but here's my $0.02...
The first thing I'd do in your situation is to work out what your most painful growth bottleneck is.
Broadly, you can split that into three challenges...
Once you know which of the above challenges is hurting you most, you can focus on fixing that and quickly get the best returns on your time investment.
When it comes to organic channels for growth, there aren't that many to choose from.
A good starting point might be Julian Shapiro's guide to content marketing: https://www.julian.com/guide/growth/content-marketing
or Ryan Kulp's breakdown of referral marketing: https://www.ryanckulp.com/anatomy-of-referral-marketing/
Since we kicked off at affordablelaw.ng, we have been struggling with getting the sales off the ground. We have been unable to build a soft email list for a while now. What do thing we should do build our email list?
What do you mean by building a soft email list?
Getting website visitors to give you their email address?
Or finding email addresses of potential customers to send cold emails to?