Sales in a product led growth company - with Laura Erdem
Jul 14, 2021
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Laura Erdem, Account Executive at Dreamdata, discusses sales in a product-led growth company. Topics include building a sales team in a PLG strategy, aligning sales, marketing, and product for success, and the significance of gender diversity in salesforces.
Product-led growth has led to faster sales cycles and quicker decision-making.
Collaboration between sales and customer success is critical in guiding prospects towards successful onboarding and conversion.
Deep dives
Product-led growth and its impact on sales
Product-led growth is a strategy where the product leads the growth of the company, with sales and marketing supporting the product experience. This approach focuses on allowing prospects to try the product before buying, often starting with a freemium model. Laura shares that this shift towards product-led growth has led to faster sales cycles and quicker decision-making. The close collaboration between marketing, sales, product, and tech is crucial, with the breakdown of silos and increased flexibility for adjustments and improvements.
The transition from enterprise sales to startup sales
Laura discusses the significant differences between selling for large enterprises and startups. In startups, there is closer collaboration between departments, faster sales cycles, and quicker decision-making. Laura emphasizes the importance of an open mindset and resilience in a startup sales role, as failures are common but lead to valuable learning experiences. She notes that both paths, starting in a startup or large enterprise, can be beneficial depending on an individual's preferences and long-term career goals.
Building a sales organization within a product-led growth model
With the shift towards product-led growth, Laura highlights the importance of filtering and prioritizing leads effectively. In a product-led growth organization, prospects have already tested the product, making negotiations easier and more focused on customization and pricing. Laura also notes the need for collaboration between sales and customer success to guide prospects towards successful onboarding and eventual conversion to paying customers. While the balance between sales and customer success may shift as the organization grows, both functions are essential for driving revenue and success.
In this episode, Laura Erdem, Account Executive at Dreamdata, shares what it means to do sales in a product-led growth company.
- What is product-led growth? - How do you build a sales team in a PLG strategy? - How do you align sales, marketing, and product for success? - What can be done to have more gender divere salesforces?