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Buy Out Contracts: At Least Think About Making Them Part of Your Sales Toolkit

SaaStr

So we’ve done a few good posts on SaaStr about how to steal a customer / prospect from a competitor on SaaStr here: How to Steal a Customer From the Competition (a good one) Want to Steal a Customer From the Competition? It’s that simple: A customer 6 months into a 12-month contract? Buy-out contracts.

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The False Choice of Prepaid vs. Monthly Contracts

SaaStr

In scaling the cash-flow side of SaaS, there’s almost nothing more powerful than a nnual contracts combined with prepaid cash. You get all the cash up-front, and your churn almost by definition goes down. If you offer bigger companies a natural incentive to sign up annually, they will. More on that here.

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Everything is Sort of the Same at a Given ACV (Annual Contract Value)

SaaStr

As you try to hire up for your SaaS company, you’re going to be faced with a lot of choices and trade-offs. But there’s one thing I can tell you in SaaS, at least: Almost Everything Except the Product Itself is Sort of the Same at a Given ACV (Annual Contract Value) Level. You can spend more time with prospects.

Contract 104
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Finding New Prospects—With Old Prospects

Sales Coach Dew

Is your sales funnel drying up? Rebuild your prospect list by reworking your past no’s! Your sales funnel isn’t full enough, there aren’t enough prospects, and you’ve alre ady exhausted every lead. How can you get more prospects when you’ve already called everyone you could? Create A Follow-Up Plan.

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First You Create Value

Iannarino

The first thing you need to do is to create value for your prospective client. Many salespeople, though, launch the sales conversation with a firm intention to secure a signed contract and an agreement to install their “solution.” Once you discover the problem, you open up the opportunity to insert your solution, solving the problem.

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What is Outside Sales? Everything You Need to Know in 2024

Veloxy

However, if you’re considering a transition to outside sales or simply want to elevate your field selling game, you’re in the right place. and embark on this journey to master the art of field selling together! Get Your Free Ebook Key Takeaways Outside sales is the practice of selling through direct, in-person interactions.

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Of Course Your Competitor Is Trying to Sell To, And Steal, Your Customers and Prospects

SaaStr

Second, assume your competitor has a database of when your contracts are up for renewals, and does campaigns around those dates. Demand gen can almost always pick up a few extra solid MQLs from lost deals that made … the wrong choice. They just bought out even 3 year WebEx contracts. And even buy-out deals.