befi 9 october sales and traction: roger yee
TRANSCRIPT
![Page 1: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/1.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 1/18
Sales & Traction
The Founder Institute
Roger YeeBerlin – 10/09/2014
![Page 2: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/2.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 2/18
Background
• Three start-ups – full lifecycle
• Enterprise Services & Products
• Unique perspective – Idea to funding to execution
– Hyper-growth businesses
– Initial Public Offerings
– ergers & !c"uisitions
– !ngel Investor & #i$ited Partner
![Page 3: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/3.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 3/18
It is a race
![Page 4: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/4.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 4/18
Revenue
• #ifeblood of your co$pany
This is your FUEL
• Sales deliver revenue
It will be chaotic
![Page 5: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/5.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 5/18
What’s Your Business Model
• Product – #icense %user vs platfor$ vs enterprise
– 'ree-$iu$(Try & )uy
– Subscription• Services
– *onsulting
– I$ple$entation
– +etainer
All product companies have anaspect of services free or paid
![Page 6: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/6.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 6/18
!roduct vs "ervices
Revenue
Time
Services
Products
![Page 7: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/7.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 7/18
#ocus on $alue %reation
Two simple business models:
&el' a custo(er SAVE (one)
&el' a custo(er MAKE (one)!onsumers
Enterprises
![Page 8: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/8.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 8/18
*ero to +ne
• Focus on the first dollar
• any steps to the first ,../ and ,
• 0o as fast as possible %early on
• "aries upon# – product or services
– stage of offering %alpha1 beta1 launch
– si$e of mar%et
Convincing customers is critical – think sales!
![Page 9: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/9.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 9/18
Bootstra''ing
• Prove the offering(technology
• 0et the first custo$er
• 2e(re-fine the $odel
• 0et the first customer
Start here &efore e'ternal funding
(ou might not need it
![Page 10: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/10.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 10/18
,uick Math -esson
Sales price
- !ost
) Profit
You can control your costs
You set your sales price
![Page 11: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/11.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 11/18
Making "ales
• *now the race trac% – ar/ets
– *usto$ers %3ho is your +,EA custo$er4
• *now your competitors – Offerings
– *o$petitive differentiation
• *now your customers
– 5nderstand and e'ceed their needs
– !re you solving a HA,+ proble$4
– *onstant 'eedbac/ loop
![Page 12: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/12.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 12/18
Real.orld "ervices
• Services. /0 !onsulting 1 Services integrator
• ar/et6 e*o$$erce sites and syste$s %dot7co$
• *usto$ers6 'ortune ...
• Product Sales – 8one - reseller
• I$ple$entation Services
– Prototypes %de$os – !dvisory(!rchitecture %consulting
– Pro9ects
– Tailored solutions
![Page 13: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/13.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 13/18
ea .or erv ces .Realit)
• !hallenge. :ard to differentiate – lots of
co$petitors -- ;e< everything
• ar%et Position. End-to-end provider1 one-stop
shop1 build capability in = /ey do$ains
,eality. 23 acquisitions4
565 mar%et focus4
/P7 1 acquired for 86925 &y product company
,evenue ,esult
3:; organicgrowth
![Page 14: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/14.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 14/18
Real.orld !roduct
• Product. High security operating system
• ar/et6 Infor$ation sharing
• *usto$ers6 0overn$ent !gencies
• Product Sales – 2irect
– *hannel(Partners
• Engineering Services – Prototypes %de$os
– !dvisory(!rchitecture %consulting
– *usto$ solutions %pro9ects
![Page 15: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/15.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 15/18
Real.orld !roduct – Realit)
• !hallenge6 Industry standard OS
• ar%et Position. 8iche player for secure OS1
build pac/aged info-sharing applications1 expand
into ho$eland & healthcare $ar/ets
,eality. Product powers < of 26
=ov>t approved solutions4
patented /P4 2::; =ov>t mar%et
,evenue ,esult
2.6 ratio
![Page 16: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/16.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 16/18
Real World #orti) !ortolio
>eb-based event planning and co$$unity building platfor$
/ndividual event planners ?? Event "enues
Service provider connection via phone to consu$ers2@ cities in 2@ months ?? +riven &y +emographics
SS text $obile sharing1 search and storage technology
Enterprise platform ?? 7E !onsumer o&ile App
![Page 17: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/17.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 17/18
Investor !ers'ectives
• )usiness $odel simplicity?*o$plex $odels @ lots of varia&les
• *usto$er acquisition is i$portant
?Early traction drives $o$entu$
• *ost is the only variable you can control
?anage your costs
• 5est champion is your first custo$er
?8ot necessarily your &est customer
![Page 18: BEFI 9 October Sales and Traction: Roger Yee](https://reader033.vdocument.in/reader033/viewer/2022052917/577cc4451a28aba71198b7d3/html5/thumbnails/18.jpg)
8/11/2019 BEFI 9 October Sales and Traction: Roger Yee
http://slidepdf.com/reader/full/befi-9-october-sales-and-traction-roger-yee 18/18