I am a solo founder that just finished writing code for my project (MVP) and am ready to find clients.
- for the sake of the question, my clients will be small physical businesses. Think, Family Doctor's Office, Local Cafe, Small barber, etc.
I will be developing a blog for SEO purposes and doing other things to promote my business online. However, I believe the key to success here will be "Cold Sales". I have never done that before. So, if you could recommend a book, a blog post, other online resources, or you just have a random advice that I could learn from, I would be very thankful.
Suffice it to say I will be starting out ASAP, even though I don't know anything. I believe practice is the best teacher. However, if there are any resources that could help me get up and running quicker that would be awesome. Thanks a ton in advance.
You're planning on prospecting into one of the most rejection-heavy domains out there with small physical business. These people get dozens of calls per day from companies they've never heard of - many of whom are trying to rip them off - and even the best ones (Groupon, Yelp, google ads, etc.) are basically just rent-seeking. Oh, and most have gatekeepers who don't care the slightest bit about your pitch.
Because of that I'd stay away from all this "smile and dial" advice. You'll have no chance. Go out there and hit the pavement and meet these people at their establishments at off hours. If you catch the owner in there at a good time - do your best to inform them of your products benefits and come up with a really good offer to get started (something that loses you money and time). Free Trial, free month of services, whatever makes sense based on the context of your business. The goal is NOT to make money or build a book of business at this point - it's to get a person happy with your software to sell to later.
If the owner is too busy or whatever - have some stuff printed out for them to read later that you can drop off. Ideally with a small gift (coffee, food, candy, etc.) and come back in a few weeks to see if you catch them at a better time (again with a gift, until they talk).
A solid entry level book would be Fanatical Prospecting by Jeb Blount.
Good Luck.
*edit to fix book name
IMHO, and extrapolating a lot here it's very unlikely you will get any sale based off your MVP. It's unlikely that you've hit the right market fit without first having found customer #1.
So I'd back up a step and find someone with the problem you're trying to solve. Offer the deal of a custom built solution to meet their need. Once that's built and validated that it actually solves the problem then start selling to others.
If you built the MVP but don't have customers yet, you should already have some people in mind who suffer from the problem your solution is supposed to solve. Selling is then just a conversation that loosely follows the following steps:
(a) Ask if they still have the problem
(b) Ask if your proposed solution solves their problem
(c) Ask them to spend money to buy your solution
Note that every step starts with "ask". This means that you need to listen to their response. If they don't still have the problem, walk away. If your proposed solution doesn't solve their problem, listen to why not, and focus on improving your product until it does solve their problem (hopefully in a generic way such that your improvements will help you sell to other customers in the future). If they aren't willing to spend the price you're asking to buy a solution that they consider to be a solution to a problem they have, then find a way to add more value so that they will be willing to pay that price.
But also (again repeated in other comments) you aren't selling a tool, you're looking for their problems, try to understand them in their words and then show how giving you money makes them go away (it doesn't have to all be solved with software, your skills in setting up the system can be just as valuable).
Happy to talk more if you aren't comfortable discussing in a public forum: dave@demogorilla.com (we make software to make remote SaaS demos better: https://www.demogorilla.com)
When I took it long ago the class included me (enterprise SW sales for my startup), a woman selling chip fab equipment for KLA-Tencor (24-36 month sales cycle with ASP above $100MM), a woman selling ADT home alarm systems, and two guys who had opened a T-shirt stand on the beach (sales cycle <10 min with ASP of $20). We all got the same lesson and all learned a lot from each other. A very hands on class and you bring to each class how you used the lessons during the preceding week. One of the best investments I ever made.
The stages a customer goes through (whether over 5 minutes or 25 months) are “attention, interest, conviction, desire and close”. The first time I met one of the best sales guys I have ever known, when he changed PowerPoints during a presentation displayed this desktop, and his wallpaper was just those words. Even at his high level he lived them.
“Huge clarity if you structure your sales call like this:
> Uncover where they are now (A)
> Uncover where they want to go (B)
> Uncover what's stopping them (C)
Then pitch your offer as the solution to C”
Learning about sales will feel more productive and in your comfort zone but you should start by going out there and talking to customers. Get out of your comfort zone.
I'd start by going door-to-door so you can start gathering feedback from SMBs and get a sense of the true ICP. Once you've closed ~10 clients this way then you should consider using a sales engagement platform like Outreach, Hubspot or Salesloft which will automate the cold email to call. If it's a 1-call close type sale, then you can use something like https://www.mojosells.com/. You can buy lists from Zoominfo or otherwise.
That all said, any type of human-centered sales motion in North America will require a minimum annual contract value of $10,000/yr to scale up.
100% correct.
1. Get a demo ready that you can show on a laptop. Focus on features.
2. Smile and dial. Set a meeting with the business owner or manager to show the demo.
3. Listen. The things they say (mostly objections) will guide your product development.
4. Accept rejection. You will get meetings from 10% of your calls. You will make sales on 2% of your meetings if the customer even needs the product.
Reading is a good way to forestall the heartache of actual sales, but that's it. Everything you need to know you'll learn in meetings.
And I would look for influential people and organizations instead of cold calling. You wont get 1% of deals closed. It will be closer, much closer, to 0% and you will feel like a failure.
Instead, seek out organizations and people who actively help the businesses you are helping. Small Biz associations, chambers of commerce. These wont be content creators nor "influencers" but rather gate keepers and influential organizations.
Selling to people who are actively looking for solutions is infinitely easier than cold calling.
In general before you do any sale you need leads. I.e. you problem is not selling, but prospecting. I.e. you need prospects at the top of the funnel.
There is very good book - "fanatical prospecting" :
https://www.amazon.com/s?k=fanatical+prospecting
So your first step is to raise awareness of your product.
To do that there are two way - inbound (blogs,etc) and outbound(cold call / cold email). For inbound, you need to provide value to customers which are not related to your product. I.e. first earn trust and give value.
For outbound, the key is lead filtering, I.e. looks for signals that would qualify your leads (e.g. sector, traffic). But in general outbound is a numbers game.
So don't look at it as selling - reframe it internally as wanting to find businesses where you can genuinely help them and resolve some of their issues, and then work with the business to solve the problem they have.
Go and meet 20 customers and learn what they do and how you can solve them.
Then come back and read whatever you want to read now and it will everything makes sense.
I'm a product-focused founder. I read this a few years ago when starting out with selling my company's product, and it helped me reframe sales as something essential to most of our jobs in the knowledge economy.
There's a compelling argument that persuasion and storytelling are core human activities, rather than the domain of extroverted "salespeople". Adopting that mental model was just as useful for me as learning the tactics of how to be effective at sales.
"Family Doctor's Office, Local Cafe, Small barber, etc." This is already too broad. Choose one.
Suppose you've chosen "small barber." Now narrow down further to "small barber seattle." Now narrow down further to "small barber, Seattle, Belltown."... And then... Narrow down further: small barber, Seattle, Belltown, men's beard trimming."
Now go physically talk to both of these people.
If they don't want your MVP, your MVP or vertical is wrong.
Write zero code.
Then, come up with a concept tailored directly to their problems. You probably need no more than a 1-3 slide deck to show this to them and figure out whether the concept is desired by your end customer.
Finally, and only once you've validated that the concept is desired by your end customer, you build the product.
The problem with doing it in the order you've mentioned, is what happens when you go and show your product to a customer and they say "Nope, I don't actually have an issue which your product solves. Thanks but no thanks."
Sales is the beginning, middle and end of your journey as a founder. Building the product only comes in over time once you've found something worth selling.
Your blog will suck and it won't sell. People are getting really tired of this.
I'll stray from the usual advice and recommend what worked for me: brutal, disinterested honesty. People are weary of hucksters, and will sign blank cheques to the guy who offers straightforward, unbiased advice.
I've had enough of sales early on, and chose to be a honest broker. This guy wrote a great piece about it: https://tedgioia.substack.com/p/how-i-became-the-honest-brok...
Don't let anything (e.g. lack of the right approach) keep you from listening to people.
Only after you've spoken with 10-20 people will the advice in sales books (Founding Sales, SPIN Selling etc.) be valuable.
If, after hearing what those 10-20 people have to say, you've decided to focus on changing your product instead of selling what you have, you might try to implement the steps in "The Mom Test".
Disclaimer: random advice on the internet. Take it with a pinch of salt!
- Sourcing. Figuring out where your customers' hangout so you can reach them there.
- Prospecting. Reaching out to your potential customer base.
- Closing. Going through with a deal including sales collateral, proposals, and contracts.
The entire process should be a system that is tweaked as you execute it. Great books I’ve read are: - Ultimate Sales Machine
- Sales EQ
- Fanatical prospecting
- Challenger sale. For the actual closing process
- The Close.com blog is pretty great.
I’ve started and sold some businesses (had to shut two down)
Business #1 I have experience with outbound/inbound marketing and online marketing. Outbound marketing is the toughest. In my experience, people don’t like to be sold. They will most often just ignore you. I did have success with inbound marketing (Google Ads, SEO, referral) and was able to acquire more than 100+ small businesses as customers, but I had to put in a lot of work and hire sales people to close the deal. The sales cycle are long and slow. After that point on, I decided I’m never going to do offline sales.
Business #2 For my next businesses, an e-commerce store, I used Facebook/Instagram ads to generate $1M in sales.
Business #3 Created an add-on product for a company, partnered with them, built a relationship, sold the venture after 3 years and I still get royalties on sales.
Business #4 A plugin for a CMS, focused on SEO and the venture generates closes to $7k/m like clockwork.
So yeah, the sales strategy depends on what problem you are trying to solve, where your customers live, what’s the most efficient way to reach them, and so many other factors.
If you have specific questions, I’d be happy to answer them.
$100M Offers: How To Make Offers So Good People Feel Stupid Saying No
https://www.amazon.com/100M-Offers-People-Stupid-Saying-eboo...
It's said salesmen are always selling themselves; I don't agree. But they're always pretty engaging company.
They taught us that a good salesman can sell anything. But that's hyperbolic; you have to know the product you're selling inside out.
They taught us to sell solutions, not features. That means (as someone said upthread) you're looking for people with problems, and you need to find out what their problems are, so you can help them.
We used to get leads by setting up stalls at exhibitions. I guess your prospects aren't the exhibition-going sort? But they probably gather somewhere; maybe you could go there.
I dropped out of sales because I couldn't cope with the dubious ethics. Not my employer, particularly; but there was an awful ot of politics, we were taught how to commit expenses fraud by our own boss, and everyone was fiddling commission. It wouldn't surprise me at all if brown envelopes exchanged hands.
Sometime back in 90s I had a lawyer helping me to sort out some things. In a process of doing it we had to fill endless number of forms. It is very tedious and is prone to mistakes. So I sad that unless there are some legal requirements (the forms originally come in paper form from a government) I can just quickly whip out a program (thanks Borland / Delphi) that would let to enter and keep all data in a database and would print a forms on laser printer. The lawyer said that the government would not mind. So I wrote the software. It had taken me about a month and then another month was spent on lawyer testing it with real clients and me fixing some issues.
The lawyer was happy. He refunded me all the money I previously paid to him. He said that he has a list of about 600 lawyers doing similar work. He had then written very nice cover letter and we stuffed 600 envelopes with that letter and demo version of the software on a floppy and mailed.
This is how we did "cold sales". This whole thing ended up being success and I got very healthy chunk of cash from the lawyers as they were very happy with the product.
You already know the value, otherwise you would not have made it. But more so, you ought to have audience already engaged before you write the first line of code, if it is a code-oriented value proposition for your brand.
Getting market share, building traction, cultivating momentum, these are all totally separate of having the product actually online. The key is the value proposition. And if you cannot get attention for that, without the product even there perhaps, you have no "yellow brick road" to travel, and sales do not make themselves. But if you get attention for something, all you have to do then is follow through on the promise of your brand, and deliver the value.
Cold sales work great when your value proposition is natural, and market is not cluttered. But I would refer you to "The Lean Brand" for the real mindset you need, no matter how you sell:
By that I mean where they "hangout". How you can reach them.
How? Talk to them. Build relationships. Maybe online if there are specialized forums, or maybe at the bar, or maybe by first visiting them physically. Not with an hidden agenda but with the sincere goal of helping them to solve their problems. Then you will see if your product is a great solution to their problems and if it can leads to a business relationship or if you need to iterate on your MVP.
Selling a new product is all about doing things that don't scale in order to get as much sincere feedback as possible.
Finally learn to not take rejection personally but as feedback.
1) https://www.amazon.com/Closing-Your-Problem-Lisa-Terrenzi/dp...
I started as a freelance webdev and now I'm a SWE at a bigco, but I dislike being an engineer. Lately I've been questioning if I really want to do a whole career of it.
It's quite isolating that the only people I interact with during working hours are other engineers or leadership, and all we talk about is technology.
I know a lot about software and sold IT services to small businesses as a freelancer, but I have no formal SaaS sales experience.
Any former engineers turned SaaS salesmen have any advice?
I read how to win friends and influence people and made up prompts based on that knowledge. Went out there and sucked hard for two months. And then it clicked and my business took off.
I'm willing to bet you don't add any value whatsoever to their business (tech people typically don't "get" small business with physical stores) and I don't think sales techniques will help you do anything except maybe convince unsophisticated business owners...
As someone who's run a few restaurants before, if you don't have my cell number, you're not talking to me period.
Don't focus on selling something. Instead, find out what it is that your contact needs (I don't call them customers at this point). Then offer to help solve that need. And hey, sometimes your contact needs something that your competitor offers instead of you. But they will remember that you were honest with them.
Nobody wants to buy from you. But everybody has something they need. In your case, you are looking for people who need a good SEO blog.
And keep in mind that you're going to hear "no" ten or twenty times before you hear a "tell me more". And it might be twenty or twenty "tell me more" before you hear a "yes". Don't get frustrated.
And I think the actual answer would be similar: maybe "anyone" can learn to code, but some people are born with the knack for it. And the same is true for sales.
The blank slate theory has largely been disproven.
So do you have any indications in your background that Sales might be a promising fit for you?
Essentially, the first thing to remember is that you're there to help them make money. Believe that, and your job is easier. Think of yourself as someone who just found this great service and they should use it because it'll make their lives easier/better/etc.
But first, you have to find your customers. Who are they? Where are they? How do you get to them?
That's what this book is for:
https://smile.amazon.com/Traction-Startup-Achieve-Explosive-...
Then how do you talk to them? Why should they trust you? This is one book that might help with that:
https://smile.amazon.com/Soft-Selling-Hard-World-Persuasion/...
Small businesses are hard to reach and hard to sell to. But if you get enough of them they become an impenetrable moat that will allow you to get revenue forever.
As other people have said, you may have done stuff in the wrong order. But there are plenty of startups that have done "if you build it they will come." It just costs more. I mean, you need to sell something!
You obviously built it with a customer's needs in mind. Who was that customer? A friend? Your business? That should be part of your marketing story.
Good luck!
Books I recommend is: - To sell is Human - Spin selling
However as you already know, practice makes perfect. Can't learn the language by reading a vocabulary, and sales is even more tricky with emotions being in place as well as rejection. It is the most fascinating thing I've done though for 6 years. Feel free to DM if you need help, I love helping solopreneurs!
Also, Marketing and Sales are two different beast.
Founding Sales, https://www.foundingsales.com by Pete Kazanjy (I think he is here on HN too.)
This means building a sales pipeline and tracking the effectiveness of whatever channels you use. How many leads do you get for $X in ad spend? How many of those become customers? What (ultimately) is the value of those customers?
Whatever you read, you will have to try different things. Some of them work. Many will not. Get in the mindset that you will fail more than you will succeed and don't just assume that you will get organic sales with sufficient reach. Sales is an active discipline. You will need to go out of your way to make potential customers aware of you and you will have to work to find a problem of theirs you can solve.
Be prepared to make a financial case for why they should buy from you vs [alternatives].
If you are going to make a blog it is going to be required to respond to comments. You are not talking into an empty room, people take time to respond, you need to give feedback and ask for clarification to guide the conversation into a useful path.
Say, people are suggesting books in this topic. Are you going to read those? Do you want more book suggestions? To me it seems like a lot of work and possibly an unnatural way to learn to do dialog.
The crappiest sales people are the ones who love to hear themselves talk. Without engaging in the conversation you've started(!?) you'll never be able to tell the difference.
Did YC alum learn any sales skills from the accelerator program? If so, was it direct or indirect ?
Intuitively it seems harder to sell a piece of software which exists concretely, than to sell a solution/maintenance to a problem which can evolve constantly. Would you rather buy a shoe that may or may not fit, or retain a shoe maker to build a custom shoe for you?
If you want to sell an existing piece of software though, I’d probably do it through an App Store and focus efforts on optimizing it’s visibility there. That way you can leverage the existing ecosystem (and let them take a cut) instead of sinking time/money into creating your own.
The hard way of selling: I didn't realize it, but there was value in unsolicited selling things people didn't necessarily want like Boy Scouts selling magazines or candy bars door-to-door. It's building comfort of rejection that's important.
The book "How I Raised Myself From Failure to Success in Selling" got her started.
Start calling/emailing and getting demos lined up. You will fail and embarrass yourself a lot. Keep trying. Keep learning.
After the first couple of calls you stop being afraid of it and it just go much smoother. But following up and make sure everything is aligned takes much more time that I expected.
Often it is not a yes or no answer straight away, but it is more a chasing, communicate, listen, learn, plan, follow up, etc...
But again maybe I was doing something wrong myself.
Your best bet is probably the blog and going to conferences. However I only got one customer that way.
It's also worth looking at partners. Do these companies have software that they're already using and could those partners upsell them onto your software?
I hired a cold calling firm. They made a lot of calls, but didn't get any free signups to the product, or any demos.
I’ve been programming for just about 30 years in one shape or another and the 2 skills I wish I had learned from an early age are sales and copywriting.
What I can say (as an amateur of both disciplines now) is that yes, find the books and courses etc.
But, the most important thing is to start selling and writing right now.
It’s the absolute best way to learn. The books and courses will accelerate your practical efforts.
Don’t wait.
Take a look at how Grub Hub and similar services reached out to get restaurants to sign up for their service.
Read the book Influence: Science and Practice by Cialdini
Get some type of CRM system in place so you can keep track of who you talked to and who you need to follow up with. It doesn't have to be fancy--even note cards will work, but just come up with a way to manage that information.
https://www.rottentomatoes.com/m/glengarry_glen_ross
Get ready to work 100 times harder than you think you need to, to land that first big client. But it can be done. It's how it's always been done.
- Psychology of Selling - Sales Dogs (Managing sales teams) - some of Jim Rohn's seminars are great
Jokes apart: selling, like many other things, is mostly about a lot of practice. Some theory might help, but in the end, you will learn only by doing lots of mistakes.
I suggest you try to create a safe, friendly opportunity to sell something, and exercise (e.g. try to sell biscuits to your neighbors)
Each small business will have their own sales cycle. They will have different payment schedules.
This is a pain in the ass to deal with. Don’t assume they will all pay with a credit card. Be able and ready to accept checks.
Zig Ziglar is another good expert on sales with many books and programs.
How is it you learn anything? Not by asking questions, but by doing it.
By fumbling your way around until things start to make sense.
The people on hn will downvote me for this, but it's true. And practically none of them are sellers