article thumbnail

Annual Contracts: Maybe Not All They Are Cracked Up To Be

SaaStr

An annual contract gives you 365 days or so to fix that. — Jason BeKind Lemkin (@jasonlk) September 4, 2020. I’ve long been a vocal proponent of annual contracts. Close say a $125k contract, even after a healthy sales commission, that’s $100k+ in the bank right now! Annual contracts require P.O.,

Contract 115
article thumbnail

How to seal the deal in a matter of days

PandaDoc

Closing a deal is definitely the most challenging and demanding part of sales negotiations with the customer. In our context, it means finalizing the negotiation process by setting an agreement. And the higher your annual contract value, the longer your average sales cycle. Definition and typical steps. Closing the deal faster.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Your Product Has to Be Easier to Buy Than to Use

SaaStr

And in the end in 2020, they can create a buying process that for us at least, is just way too hard and long. If your customers want to switch to you before a competitive contract is ending, incent them — and don’t make them ask. And one thing I’ve been shocked about is how few sales processes have kept up. Especially now.

Product 143
article thumbnail

We are 14 days away from SaaStr Scale – meet our sponsors!

SaaStr

It is the last SaaStr event of 2020 and it sure has been a wild ride. PandaDoc is trusted by businesses to create, approve, and eSign proposals, quotes and contracts. The Art of SaaS Negotiations: 3 Steps to Develop an Objection Handling Framework with PandaDoc will take place at 2 PM PST on December 9 – don’t miss out!

Meeting 108
article thumbnail

The differences between electronic and digital signatures

PandaDoc

5 Myths About Electronic Signatures and Documents [link] pic.twitter.com/oaZohvNegU — ARP (@ARP_JSJDMedia) March 27, 2020. Empowering sales teams to simplify the process to generate, negotiate, and eSign proposals, quotes, and contracts. Originally published August 30, 2016, updated May 15, 2020. Learn more.

article thumbnail

Building Resilience Through Efficient Scaling In 2023 with ICONIQ Growth General Partner, Doug Pepper, and General Partner and Head of Analytics, Christine Edmonds (Video)

SaaStr

At the same time, many started the year with healthy balance sheets and used their 2020 learnings of scenario planning and applied them quickly. Some other strategies for creating a more efficient go-to-market are: Adjusting pricing and contract terms with customers. Incentives for multi-year contracts are another tactic.

GTM 63
article thumbnail

SaaStr Podcast for the Week with Automation Anywhere and Algolia — January 17, 2020

SaaStr

What other elements of the contract should startups really spend a lot of time focusing on? Where do founders make mistakes in negotiation? ” Would you say that kind of strong negotiating stance of, “Fine Yousuf, you can have my software at a discounted rate, but I want two things.”

Pitch 55