Sangram Vajre - Chief Evangelist at Terminus - How To Start A Movement & Become A Category Leader
Sep 12, 2018
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Sangram Vajre, Co-founder & Chief Evangelist at Terminus, shares the story of the #FlipMyFunnel movement and discusses topics such as account-based marketing, building communities instead of commodities, and dominating existing categories. Learn how to start a movement in marketing and market like a category leader.
Flipping the traditional marketing funnel concept can spark a movement and drive community-driven engagement in marketing.
Companies should aim for category leadership by evangelizing the problem, building communities, and reframing the narrative in existing categories.
Deep dives
Starting the Flip My Funnel Movement
Sangram Vajray explains how he inadvertently launched the Flip My Funnel movement after attending a marketing conference. He realized that the traditional sales and marketing funnel was not effective, with less than 1% of leads turning into customers. During a flight, he flipped the funnel concept and identified four stages: identify, expand, engage, and advocate. This idea sparked a blog post and eventually led to a community-driven movement and several conferences.
Account-Based Marketing in Focus
In this segment, Sangram discusses the importance of account-based marketing (ABM) and how it complements the Flip My Funnel concept. He explains that ABM is not suitable for all companies, but those with a higher average contract value and a strategic list of accounts can benefit the most. Sangram emphasizes the need for marketers to take ownership of identifying the best-fit accounts and working closely with sales teams to develop an effective ABM strategy. He also highlights the shift from traditional marketing tactics to precision-driven engagement with key accounts.
The Significance of Category Leadership
Sangram delves into the importance of category leadership and why companies should aim for it. He shares a story about speaking to a VC firm's portfolio companies, where he learned that investors prioritize category leaders for better returns on their investments. Sangram emphasizes the need for companies to evangelize the problem, not just the product, in order to become a category leader. He also highlights the value of building a community, stating that without a community, a company is merely a commodity.
Becoming a Category Leader in an Existing Category
Sangram provides advice for companies aiming to become category leaders in existing categories. He suggests reframing the problem associated with the category and challenging the dominant players. Sangram recommends studying the market leader, understanding their problem-solving approach, and finding a unique angle to differentiate oneself. He also emphasizes the need to build a community and change the narrative from being product-led to community-led.
Sangram Vajre is Co-founder & Chief Evangelist at Terminus and this episode is all about how marketing teams can start a movement and market like a category leader.
When Sangram was on a flight home to Atlanta from Scott Brinker's MarTech conference in San Francisco, the internet wasn't working and he only had a pen and napkin for the journey. He'd been discussing the classic marketing funnel during the conference and sketched one out on the napkin. Then he flipped it. This was the Eureka moment for Sangram and that one sketch would trigger the #FlipMyFunnel movement.
In this episode we hear about:
- the #FlipMyFunnel story and how you can start a movement in marketing
- account-based marketing and how to get started with this marketing strategy
- why you should build communities, not commodities
- how to build new categories and dominate existing ones
- how to market like a category leader
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Terminus >> https://terminus.com/
Flip My Funnel >> https://flipmyfunnel.com/
Behind The Cloud >> https://www.goodreads.com/book/show/6659874-behind-the-cloud
SaaStr >> https://www.saastr.com/blog/
Follow Sangram on Twitter >> https://twitter.com/sangramvajre
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Advance B2B >> www.advanceb2b.com
Follow The Growth Hub on Twitter >> twitter.com/SaaSGrowthHub
Follow Edward on Twitter >> twitter.com/NordicEdward
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