TOPLINE HOTLINE: How can we improve sales for our second solution?
May 2, 2024
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Exploring strategies to boost sales for a challenging second solution, the podcast discusses the need for different go-to-market approaches, investing in dedicated resources, transitioning to SMB products, finding the right balance in business, and data-driven decision-making for new markets and product launches.
Different go-to-market motions and teams are needed for different products to improve sales for a struggling second solution.
Investing in dedicated resources and tailored hiring is crucial to successfully introduce new business lines within established organizations.
Deep dives
Scaling Sales for a Second Solution
Dealing with the challenge of growing sales for a second solution that is newer but struggling. The dilemma of whether to create a separate sales team or integrate it within the current team is discussed. Differentiating between enterprise and SMB markets and the need for distinct go-to-market strategies is emphasized.
Treating New Offerings as Startups
Highlighting the importance of treating new products or markets as separate entities requiring a startup approach. Insights from successful companies like Salesforce and Microsoft on introducing new business lines within established organizations. Emphasizing the need for tailored hiring, operational structures, and dedicated focus for new ventures.
Starting from Zero with Changes
Addressing the misconception of assuming existing success translates to new offerings. Emphasizing the need to start from scratch with each change, be it a new product, market, or go-to-market approach. Shared personal experience showcasing the impact of focused efforts and treating new ventures as independent entities for successful outcomes.
This episode of Topline Hotline revolves around the challenge of selling a second solution that has a larger market but is struggling in sales. Sam, AJ, and Asad discuss the need for different go-to-market motions and teams for different products, as well as the importance of investing in dedicated resources.
Enjoy the mini-episode? Read the recaps or join our Slack channel to engage with other listeners here.
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