Ep. 145 - The Death of the MQL: A New Playbook for SaaS CROs
Dec 6, 2024
auto_awesome
Randy Likas, Head of North America Go-to-Market at Nektar and host of the Revenue Lounge podcast, shares insights on the shifting landscape of B2B sales. He argues that traditional MQLs are outdated, pushing CROs to adopt new strategies focusing on collective buyer engagement. Randy highlights the importance of breaking down silos between sales and marketing, and how evolving buyer behaviors demand adaptive sales tactics. Collaboration and technology integration are emphasized as vital for driving revenue and enhancing customer success.
CROs must redefine engagement strategies by focusing on buying groups rather than outdated MQLs due to changing buyer behaviors.
Breaking down silos between sales, marketing, and customer success is crucial for enhancing revenue efficiency and adapting to market demands.
Deep dives
The Evolution of Revenue Leadership
The role of the Chief Revenue Officer (CRO) is becoming increasingly important as the landscape of B2B SaaS companies evolves. With a shift from pure growth metrics to a focus on efficiency and collaboration, CROs are expected to take the lead in unifying sales, marketing, and customer success teams. This shift reflects a broader trend where organizations aim to break down silos and foster cross-functional teamwork to enhance revenue generation. An effective CRO not only aligns diverse functions around common revenue goals but also adapts to changing market demands and buyer behaviors.
Changing Buyer Behaviors and Market Trends
Buyer behavior is undergoing a significant transformation, with potential customers increasingly preferring self-directed research over initial engagements with sales representatives. This shift means that many traditional lead generation practices, such as using Marketing Qualified Leads (MQLs), are losing effectiveness as buyers engage in their purchasing journeys without direct salesperson involvement. As a result, companies are encouraged to reconsider their engagement strategies, focusing on understanding the dynamics of buying groups rather than solely measuring interest through MQLs. By recognizing these trends, organizations can better align their go-to-market strategies and improve overall conversion rates.
Reengineering Sales Strategies
As companies adapt to changing market dynamics, sales strategies need to be reengineered to align with buyer behaviors and collaborative selling practices. Sales Development Representatives (SDRs) should evolve from merely generating leads to building relationships and offering value through relevant content, thereby nurturing potential buyers throughout their journey. This includes leveraging insights from marketing and customer success teams to establish a comprehensive understanding of the ideal buying group and their needs. By facilitating better coordination and strategic outreach, sales teams can effectively engage with multiple decision-makers, consequently improving win rates and deal velocity.
The Critical Skills for Future CROs
To succeed in the evolving role of CRO, strong data-driven decision-making skills are essential, allowing leaders to leverage insights to guide their strategies. Future CROs must also excel at cross-functional collaboration, managing diverse teams, and aligning different departments around unified revenue objectives. Additionally, being adept in change management is vital, as CROs will need to influence organizational culture and buy-in for new initiatives. Emphasizing these skills will enable CROs not only to navigate current challenges but also to lead their organizations into a successful future.
Guest: Randy Likas, Head of North America Go-to-Market at Nektar
Traditional marketing tactics are losing their edge, with MQLs falling short as costly, outdated signals of real buyer intent.
In this week’s episode, we explore tactics for CROs to tackle the “great ignore” with guest Randy Likas, Head of North America Go-to-Market at Nektar, a revenue efficiency platform that unifies customer interaction data and helps you discover new revenue opportunities.
Randy discusses how CROs must reevaluate their playbooks and processes, focusing on how to re-engineer strategies and redeploy technology to align with emerging trends in buyer behavior–positioning the CRO role as not just operational but transformational.
Key insights you'll gain:
How changing buyer behaviors, like the "great ignore," are reshaping outreach strategies
Why MQLs are losing relevance and how to focus on buying groups instead
How breaking down silos between sales, marketing, and success boosts revenue efficiency
We’ll analyze your website and content through the eyes of your buyers to uncover what’s stopping them from booking a demo. Then, we’ll give you a personalized report with practical recommendations to help you turn more visitors into sales conversations.
And the best part?
💡 It’s completely free.
No commitments, no pressure—just actionable advice to help you book more demos.