In the first edition of "Secret Sauce to Sales" by Freshsales CRM, we are featuring Jared Fuller (VP of Sales - PandaDoc) and how he helped PandaDoc grow from $1 million to $10 million in 2 years.
Read the full article here: http://bit.ly/2lZ6S2w
Here are 3 key takeaways from the Slideshare:
- Building a channel partner program and growing it from <1% of total revenue to over 15% in nine months.
- How Jared and his team handle common sales objections with the help of "6 Gateways of Sales".
- How PandaDoc became the #1 CRM integration partner in less than a year
2. Secret Sauce to Sales by Freshsales features top
sales leaders across industries and gives you inside
access to their sales methodologies.
http://blog.freshsales.io/category/secret-sauce-to-sales/
The Secret Sauce to
Sales series
blog.freshsales.io/pandadoc-growth-10-million/
3. VP of Sales and Business Development -
PandaDoc.
Founder of multiple startups, including JobHive (hiring
automation software).
Listed in Entrepreneur.com’s 10 Most Innovative
Sales Leaders in 2017.
About
Jared Fuller
blog.freshsales.io/pandadoc-growth-10-million/
5. Jared’s initial months
at PandaDoc
blog.freshsales.io/pandadoc-growth-10-million/
I focused on building the partner ecosystem—
integrations with a bunch of different CRM software
along with the co-marketing and GTM activities around
this.
In less than a year, we became the #1 CRM
integration partner with about six different CRM
software.
6. We built all these relationships from scratch—cold emails to
subsequently having HubSpot and Microsoft invest in our Series B
funding.
blog.freshsales.io/pandadoc-growth-10-million/
7.
8. The Channel Sales
Program at PandaDoc
blog.freshsales.io/pandadoc-growth-10-million/
In any channel partner program, there are three key
stakeholders—the product, the partner, and their
customer. We chose to focus on our partners and build
our strategy to optimize for their growth.
9. In short, the most important thing to focus on
when you’re starting a channel program is
the services that your partners are going to
need to sell to become successful.
blog.freshsales.io/pandadoc-growth-10-million/
11. If you’re an early-stage company, channel sales is not a hack.
It’s an investment. It’s a multi-year investment. If you’re not willing to
commit to investing in a channel strategy, I would say, don’t do it.
blog.freshsales.io/pandadoc-growth-10-million/
12. PandaDoc’s
growth story
blog.freshsales.io/pandadoc-growth-10-million/
Within the first two years you triple, and the next three
years you double—that’s the Silicon Valley magic
number. Also known as T2D3, this determines the
mechanics of your annualized revenue growth in SaaS.
We’re in the doubling phase now and hitting $10M
ARR this year. In 2018, we intend to replicate this
growth.
14. “Sales and Marketing can win the battle,
but product always wins the war.”
Jared Fuller
VP of Sales, PandaDoc
blog.freshsales.io/pandadoc-growth-10-million/
17. 3 Things to look out for
in new hires
blog.freshsales.io/pandadoc-growth-10-million/
#1 A lot of failures.
#2 A hunger to learn.
#3 Respect and attempt to master the craft of sales.
21. Opening of a discovery call
AxNOT: Call opening
● Appreciate you taking the time for today’s call.
● x = time → “We have 30 minutes scheduled to speak today—does that still work for you? Remember to
listen to their response, and adjust your call if necessary)
● Naturally, you will have questions for me about my company….
● Obviously, I have questions for you about your team and goals to understand if we could help.
● Typically, this call will end with us determining next steps in the evaluation, or if at any point you realize
this is not going to be a good fit, will you please interrupt me to let me know?
blog.freshsales.io/pandadoc-growth-10-million/
24. Three metrics to
always track
blog.freshsales.io/pandadoc-growth-10-million/
1. Opportunities booked.
2. Number of new leads.
3. Sales-accepted leads.
26. Freshsales is a sales CRM built to help you stop
juggling between multiple tools. With Freshsales CRM,
your team can now use AI-based lead scoring, built-in
phone, email, activity capture, and more.
The Secret Sauce to
Sales series
Bringing you the to crush sales
blog.freshsales.io/pandadoc-growth-10-million/