Expanding to Multi-Product Selling w/ Ryan Meadows (SVP Global Sales, Klaviyo)
Jul 18, 2024
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Ryan Meadows, SVP Global Sales at Klaviyo, shares insights on scaling to multi-product selling, emphasizing the challenges of expanding product lines, customer communication strategies, and pipeline creation for successful growth. He also discusses structuring teams for new acquisitions and cross-selling, highlighting the importance of consistent customer experience and messaging alignment.
Transitioning to multi-product selling requires activating customer data for tailored messaging channels.
Expanding to enterprise and international markets demands quick adaptation, customer value focus, and iterative product development.
Deep dives
Scale Your Revenue Effectively
Expanding from selling a single product to multiple products is essential for growth but often leads to failure if not approached correctly. Ryan, head of global sales at Clavio, shares their journey from one product to four, highlighting the importance of activating customer data and building messaging channels like text messaging and collecting reviews. The shift attracted larger merchants and led to significantly higher customer spending, showcasing the success of multi-product selling.
Balancing Product and Market Expansion
To transition from a single product, single market approach to multi-product, multi-market strategy, companies may have to tackle enterprise and international markets simultaneously. Ryan emphasizes the challenges in expanding across multiple dimensions and the need for quick adaptation and learning. He underscores the importance of focusing on customer value creation, conversion rates, and customer feedback to drive efficient scaling processes.
Effective Strategy for Product Launch
When launching new products, companies often face challenges like improper messaging, pricing, and value proposition alignment. Ryan highlights the necessity of ensuring product market fit through agile development and customer-centric design. He emphasizes the significance of iteratively refining products based on customer feedback and avoiding premature scaling without achieving product-market fit.
Driving Consistent Customer Experience
Maintaining a consistent customer experience while scaling requires strategic team structuring and clear communication. Ryan discusses the importance of aligning sales teams to promote bundled product sales and ensuring smooth transitions between acquisition and growth phases. He stresses the need for ongoing learning, regular communication, and cross-functional collaboration to support continuous improvement in the scaling process.
Expanding from selling a single product to multiple products. It's almost a required journey for getting to unicorn status. And yet that journey often leads to failure.
Most companies think, "Mobilize the organization, train the sales team, build the product, get the customer support folks trained, change the website." Only, that's the approach that leads to failure.
So today we bring in Ryan Meadows, head of Global Sales at Klaviyo, to walk us through how his company has scaled to multi-product selling. And in the process, hit unicorn status.