Overcoming Common Objections in SaaS Sales: Strategies for Addressing Customer Concerns

Objections in SaaS sales are inevitable. After all, buying a SaaS product is often a big decision, especially when it comes to robust packages that are costly and require extensive effort for implementation.

So it’s only natural that you’ll encounter resistance. It’s just part of the process, and objections should be anticipated, both when a lead is interacting with a salesperson or performing their own individual research.

A big part of overcoming SaaS sales objections, however, is to 1) identify those that are most common and 2) prepare a response for each scenario. That way, you can cover all the bases to keep more leads in the sales funnel and ultimately make more conversions.

Here are some of the most common objections in SaaS sales, along with the appropriate rebuttal.

The Product is Too Expensive

This is one of, if not, the most common barriers to making a sale. Many leads just don’t feel they have the budget to justify buying.

That’s why you should always be ready to tackle this objection head-on.

The best way to go about that is to help leads see the big picture, focusing on the overall value, increased productivity, cost savings, and long-term ROI. Even if your product is more expensive than a major competitor, clearly articulating the core value your SaaS product offers is essential to overcoming this objection.

At HireDNA, for example, we quantify the real-life results our users get from using our product as you can see here.

Why Should We Choose You Over a Competitor?

Let’s be honest. The SaaS industry is incredibly saturated. No matter what niche you’re in, you’re likely up against some stiff competition, with everyone battling for their slice of the market.

Modern SaaS buyers know they have tons of choices. So, naturally, most will examine at least a handful of products before making their final decision.

Further, many will ask themselves or a sales rep why they should choose you over a competitor. So this is an area you should put plenty of effort into — something that online appointment scheduling software Calendly does expertly on their website.

On the Compare page, they provide links to eight separate product comparisons with leading competitors so leads can see firsthand how Calendly stacks up and why they should choose Calendly.

I recommend creating a resource similar to this that leads can browse, as well as having your salespeople fully familiarize themselves with each comparison so they can fire off the benefits of choosing your product at a moment’s notice.

We Need to Try Before We Buy

In the past, many SaaS companies strictly had paid versions of their products, and that was it. But in more recent years, offering a free version has basically become ubiquitous.

“If you’re a growth-stage B2B SaaS, there’s a 71% chance you offer some type of free version of your product—even higher if you’re a Cloud 100 SaaS,” writes Peer Signal. “Why? Removing friction increases growth potential; free is how people want to research and buy software products today.”

With a large percentage of leads wanting to try before they buy, the best way to accommodate them is to offer a free version of your product if you haven’t done so already. Even better, make it so no credit card is required, as popup builder Sleeknote does.

I Don’t Fully Understand How Your SaaS Product Works

Most SaaS products are loaded with features, integrations, and more which contribute to the value. And that’s great.

The only downside is that figuring out a new product can feel overwhelming. And whenever a new client implements a new product, they’re likely to encounter at least some resistance from team members because, after all, they have to learn something new and get out of their comfort zone.

Therefore, this is something you definitely need to address, and make sure you take steps to succinctly explain the fundamentals of how your SaaS product works and why using it is beneficial.

This is another area where Sleeknote excels, where they have a “Learn” section of their website that includes a help center, webinars, and more.

Besides that, they give leads the option of getting their own personal Sleeknote tour.

By clicking here, a person can “Get your tailored introduction to Sleeknote or tons of popup inspiration for your site and book a free personal call.”

The Contract is Too Long

While offering flexible, short-term contract options has pretty much become the norm, I felt this was an important SaaS sales objection to include. That’s because limiting customers to overly lengthy contracts (like annual contracts only) can really put a damper on your conversion rate.

If you’re one of the SaaS companies that only offers annual contracts, I would say it’s almost a necessity to have shorter terms available. While this will likely result in a higher churn rate, it should be beneficial in the long run, as it should get more leads to go ahead and buy.

I like how Zendesk approaches it by giving customers the option of choosing a monthly or annual subscription term and toggling between the two choices to see how much each option costs. For instance, here’s how much a customer will pay for different plans for the platform to support five agents with a monthly contract.

And here’s how much they’ll save if they opt for an annual contract.

Handling Objections in SaaS Sales Like a Pro

Again, SaaS sales objections are unavoidable, and that’s fine. Potential customers should be diligent about researching a potential product and make sure it’s the right fit for them.

Whether one of your salespeople is interacting one-on-one with a lead or a lead is doing their own research, having responses for the objections listed above should help you overcome a lot of resistance, make leads more comfortable with making a purchase, and ultimately boost your conversion rate.

Looking to assemble a team of elite sales reps? Use HireDNA’s cutting-edge technology to attract, retain, and recruit the best of the best.

How to Optimize Each Stage of the SaaS Sales Funnel

You’re probably well aware that very few SaaS leads are ready to buy right away. According to the RAIN Group, it takes an average of eight touches to get a conversion. To move leads smoothly through the SaaS sales funnel, you need to understand how the pieces fit together and optimize for each stage.

This is essential for 1) reducing friction points, 2) creating a positive customer journey, and 3) setting your sales team up for maximum conversions. Here’s how to do that.

The SaaS Sales Funnel I Use

First off, let me say that there is no one-size-fits-all SaaS sales funnel that works perfectly for everyone. There are multiple variations, with some longer involving several steps and some shorter with only a few steps.

But for simplicity’s sake, I like this one, which involves four key steps — awareness, consideration, conversion, and loyalty.

Note that not all SaaS sales funnels include a post-purchase stage like loyalty. But given how critical retention is to SaaS success, optimizing for a post-purchase phase is incredibly important.

With that said, here’s how to tackle each stage of this particular SaaS sales funnel.

Awareness

The awareness stage is at the very top of the funnel where potential customers first become aware of your SaaS product and brand. For the majority of prospects, they’re simply conducting some preliminary research, or as I call it, doing their “recon” on potential SaaS products that may address their needs.

Sometimes, they’re actively searching for solutions. Other times, they just happen to stumble upon them.

While there are numerous ways potential customers may become aware of a SaaS product, more often than not, it’s through one of three ways:

  • A search engine
  • Social media
  • Content marketing (this is often found through a search engine or social network)

Therefore, these are the three main areas you want to optimize.

Search

Start with on-site optimization and technical SEO, which includes creating a sitemap, increasing site speed, and internal linking. You can find a ton of great information on this here.

Also, follow best practices when creating content, such as performing keyword research and using proper headers (H1s, H2s, H3s, etc.). This is a great resource for learning about optimizing content for search.

Social Media

Leverage multiple networks that your audience is active on to boost your brand exposure and find targeted leads.

Content Marketing

This overlaps somewhat with optimizing content for search. Having a variety of content should help you raise brand awareness and pull in targeted leads from a variety of sources. Here’s what types of content perform best in 2023, according to Semrush.

Consideration

Once your brand is on a potential customer’s radar and they’re considering your SaaS product, they’re officially a lead. To optimize this stage of the SaaS sales funnel, you’ll want to focus on lead nurturing, which can be done in a variety of ways, including:

  • Email marketing
  • Product comparisons
  • Case studies
  • Webinars
  • Testimonials

And if you offer a free trial version of your product, you can tap into product-led marketing. When done correctly, this can have a tremendous impact, not only reducing the sales cycle and boosting conversions but also enhancing the customer experience and instilling deeper loyalty.

If you’re not familiar with product-led marketing, I suggest reading this guide.

Conversion

Now is the fun part. After successfully moving potential customers through the awareness and consideration stages, you’re ready to pull the trigger and make a conversion.

There are three key strategies for optimizing the conversion stage of the SaaS sales funnel.

One is to use strategically placed, crystal-clear CTAs that encourage leads to buy. Here’s a good example from Zendesk.

Next, be transparent with your pricing so leads know exactly what they get, how much it costs, and what features each plan includes. Zendesk does a great job of this as well.

Finally, get in the habit of continuously A/B testing the content you use for conversions. You may, for example, want to experiment with different CTAs to see which gets the most clicks and results in the most purchases.

As you accumulate more data over time, you should be able to refine every aspect of the conversion stage and convert the maximum percentage of potential customers into actual customers.

Loyalty

The fourth and final piece of the puzzle is everything that comes post-purchase — the loyalty or retention stage.

As I mentioned before, retention is vital to the long-term success of a SaaS company. After all, it doesn’t matter how great you are at converting if you can’t retain customers for the long haul. And with an average annual churn rate of 10-14% annually, it’s something you need to be diligent about optimizing.

So what can you do to increase customer loyalty?

For starters, I suggest taking customer support seriously. This includes having a section of your website dedicated specifically to customer support like Zoom does…

…and making it easy for customers to get in touch with a support rep.

Next, it’s smart to send out period engagement emails to keep in touch with customers. For instance, you could provide them with tips on how to get the most from your SaaS product, information on new integrations or features, product usage reports, and more.

Third, always be looking to get feedback from users and implement that feedback to improve your product. This kills two birds with one stone because users want to know a company is listening, and it sets the stage for ongoing product improvement.

Lastly, you can use analytics such as churn reports to objectively track churn so you can determine what’s causing it and what you can do to stop making the same mistakes. Here’s an example from customer journey platform Woopra.

Fine-Tuning Your SaaS Sales Funnel

Optimizing your SaaS sales funnel end-to-end is of the utmost importance. By doing so, you should prevent major drop-offs from occurring, increase conversions, and generally make the customer experience more enjoyable. The formula outlined above addresses all four major steps and should get your funnel firing on all cylinders.

Looking to build an elite sales team? Use HireDNA’s cutting-edge technology to find the best of the best candidates.

Measuring Sales Potential: Unleash Your Team’s Best with Top Sales Assessment Tools

Here are a few sobering stats. 74% of salespeople fail. 20% of salespeople do okay but could use improvement. And only a tiny fraction of salespeople are considered “elite” at just 6%.

This means that taking a conventional approach to sales hiring where you choose candidates based merely on their resume, previous positions, education, etc. is likely to end up with mediocre results at best. The numbers just aren’t in your favor.

That’s why a growing number of sales leaders are using sales assessment tools that implement science-based techniques to objectively determine who’s the best fit for a role and who possesses the right hard skills, as well as the right soft skills.

Why Should You Use Top Sales Assessment Tools?

A lot of candidates can look great on paper. Maybe they’ve got a robust resume jam-packed with impressive credentials, a stellar track record, and have been employed by industry standouts.

That’s great, but can they actually sell?

More specifically, can they sell effectively in your unique sales environment? And do they have the specific personality traits that it takes to succeed with your company?

These aren’t questions that can’t necessarily be answered by looking at a resume. That’s where sales assessment tools come in.

Designed to evaluate and measure the performance, skills, and capabilities of prospective salespeople, these tools offer several distinct benefits.

  • They allow you to objectively analyze candidates using quantifiable data
  • You can easily identify each candidate’s strengths and weaknesses
  • They offer scores for an easy comparison of different sales candidates
  • You can avoid bias that naturally creeps in
  • They can be customized for your specific sales environment
  • They streamline the sales hiring process as a whole, freeing up more time for you to focus on core business activities (this is especially important for smaller businesses that lack a dedicated hiring team)

And with many of the top sales assessment tools boasting remarkable numbers in terms of the results they help achieve, it’s easy to see why this technology has become so popular in recent years.

With that said, here are my top sales assessment tools, including core features, benefits, and more.

The Original Sales Candidate Assessment By Objective Management Group

One of the biggest selling points of The Sales Candidate Assessment is the massive volume of data behind it. As of late 2023, it’s been used by over 37,000 companies to make over 111,000 hires across 200 different industries.

For this reason, it’s been one of the most consistently reliable sales assessment tools and can be used by a wide variety of companies in multiple industries. As I mentioned earlier, a big reason for the success of these assessments is that they can be customized for each unique selling environment. And that’s certainly the case with The OMG Sales Candidate Assessment.

“Your customized Role Specification allows you to specify the unique requirements of your position. Candidates are then assessed against your criteria to create a recommendation custom-tailored to your needs.”

In terms of insights it provides, you can assess:

  • A candidate’s will to sell
  • Their “sales DNA,” meaning whether or not they have the traits to produce positive outcomes
  • Their core competencies, such as qualifying and closing leads
  • How trainable they are
  • Where they rank in comparison to other candidates (their sales percentile)

This combined with the simplicity and intuitiveness of using The OMG Sales Candidate Assessment, and it’s a tool that many sales leaders can greatly benefit from.

The DriveTest By Sales Drive

This tool also has a lot of data behind it, with 150,000 sales assessments being administered to date. One of the main reasons why we like The DriveTest is because it’s so simple and straightforward.

First, you give the test to potential sales candidates, where The DriveTest analyzes essential factors like critical personality traits needed to thrive in sales and non-teachable traits, including achievement, competitiveness, and optimism.

The test also includes 42 forced-choice questions, where “candidates must choose between three options that sound equally positive, making this sales personality test very difficult to fake.”

Then, The DriveTest will provide you with a color-coded scale that measures each trait, while also quantifying the score from 1 to 5. This simple rating allows you to instantly assess each candidate and see how they stack up against other applicants.

From there, it’s just a matter of using this data to decide who’s the best fit for your sales team. Note that candidates who receive a score of 4 to 5 in “the green range” are nearly twice as likely to become sales leaders.

The Caliper Profile By Talogy

The first thing to note about The Caliper Profile is that it not only helps you hire elite salespeople, but it also helps you manage them post-hire so they reach their full potential.

In their own words, ” The Caliper Profile is a unique talent solution in that you can use your assessment data even after the hire is made. By using your new hire’s profile data, you are able to explore areas of opportunity and growth to develop them further.”

And that’s important because continued salesperson development is crucial to staying on top of your industry and winning against competitors.

I also like the thoroughness of this sales assessment tool, as it analyzes a staggering 280 behaviors, 56 competencies, and 21 behavioral traits.

So as you can see, it’s highly comprehensive and capable of providing a 360-view of sales candidates.

One area The Caliper Profile really focuses on is mental toughness, where it looks at:

  • Level-headedness
  • Stress tolerance
  • Resiliency
  • Energy/persistence
  • Self-structure

As you probably know, being mentally tough is an incredibly value trait to have in salespeople. Being able to deal with consistent rejection and the overall ups and downs of the position is essential to long-term success. The Caliper Profile gives you a crystal clear view of how each candidate fairs in this area.

Besides that, it can uncover a candidate’s most natural behaviors, along with behaviors to investigate.

Here’s an example.

Put this all together, and The Caliper Profile is definitely a sales assessment to consider.

The Predictive Talent Assessment By Chally

Next is The Predictive Talent Assessment, which, right off the bat, has some great numbers in terms of the impact it can have. According to Chally, hiring managers who use it see:

  • 46% faster time to hire
  • 43% lower cost per hire
  • Salespeople that are 21% more likely to reach their sales goals

Some particular things to note about this tool is that it analyzes 138 sales competencies, with that number still growing. It’s highly customizable, allowing you to find elite salespeople across a wide variety of industries and specific sales roles. There’s a “large database spanning five decades with normative samples of over 600,000 adults with broad representation of race, ethnicity, age, gender, national origin, and global geography.”

Also, The Predictive Talent Assessment offers clear, simple reporting along with recommendations on how to properly utilize the information to make smart sales hiring decisions.

There are a few different types of assessments you can perform with this tool, including the Best Fit Sales report, which indicates which candidate is best suited for the position you’re hiring for, and the Motivations and Habits Report, which lets you know how a candidate approaches sales situations.

And my personal favorite is the Individual Strengths Report, which breaks down core competencies and shows what percentile a candidate is when compared to other respondents.

Although this sales assessment tool isn’t quite as thorough as some of the others on this list like The Original Sales Assessment, it’s still more than sufficient for many hiring managers.

SalesGenomix

Perhaps the most impressive thing about SalesGenomix is that it’s an assessment tool that’s built around 20 years of field research, involving half a million sales professionals. As I’ve mentioned before, the more data that goes into analyzing salespeople, the more reliably you can predict their likelihood of succeeding in your unique sales environment.

So that’s one of the main reasons why SalesGenomix made the list.

Another benefit is that it looks at 140 different sales attributes and can assess a candidate’s qualifications across 14 sales roles, including sales management. Whether you need to hire someone for an entry-level sales position or someone for a senior leadership position, you can do so confidently with this tool.

Besides that, SalesGenomix is great if you have a candidate that has performed well in one role but they’re applying for a different one. If you’ve been reading the HireDNA blog for a while, you may know that I’m a big proponent of hiring sales professionals who are great at selling but don’t necessarily have direct experience with the specific role at hand.

I find that true skills and talent usually transfer, and most elite salespeople can quickly learn a new role. With SalesGenomix, you can “rate the success potential of a given candidate across a dozen or so sales roles. So you can confidently make hiring decisions even when a promising candidate has limited experience at the role you are trying to fill.”

Besides that, this assessment has the ability to test your existing sales team when you want to promote from within. This comes in handy for succession planning or if you simply don’t want to look externally every time you need to make a hire.

TestGorilla

While the final tool on this list isn’t specifically geared toward sales hiring, as it works for several types of careers, you can most definitely use it for assessing sales candidates. And the overall simplicity and effectiveness of the platform combined with how much time it can save make it a great choice, in my opinion.

Some of TestGorilla’s main selling points besides its simplicity is its ability to drastically lower unconscious bias and offer an amazing customer experience — both of which are vital for creating a winning company.

To use TestGorilla, you first choose an assessment name and job role.

Then you choose the best tests from the company’s large archive of tests and add custom questions if you want.

From there, you invite candidates to participate and analyze the results.

An added plus is that if you ever want to hire for other positions outside of sales, such as a bookkeeper or developer, everything is ready to go with TestGorilla.

Building a Winning Team with Top Sales Assessment Tools

In today’s hyper-competitive business world, “relying on a hunch” with sales hiring just won’t cut it. To give yourself the best chance of success, it’s critical to rely on science and data to accurately predict how a candidate will perform in your unique sales environment.

Each of these sales assessment tools offers different features, but all bring something valuable to the table. So if you’ve been considering implementing this type of software, these are good places to start. The OMG Sales Candidate Assessment in particular is one of the best pound-for-pound, with 92% of recommended candidates reaching the top half of the sales force.

The Art of Upselling in SaaS Sales: How to Increase Customer Value

We all know that retaining existing customers is more cost-effective than acquiring new ones. But one of the best ways to really boost profitability without a lot of extra effort is using upselling in SaaS sales.

To quantify, research has found that “upselling increases revenue by 10-30% on average,” and “the probability of selling to an existing customer, with whom you have established a relationship, is 60-70%.” Those are some impressive numbers and show firsthand how big of an impact upselling in SaaS sales can have.

For this post, I’ll share with you some practical strategies, along with examples so you’ll know how to implement upselling in your SaaS sales properly.

Identify High-Probability Upsell Opportunities

Just like not all leads are created equal, neither are existing customers from an upsell perspective. By this, I mean that certain segments will have a high likelihood of converting to a more expensive product version while others will only have a low likelihood. So the first step to having success is knowing how to identify high-probability upsell opportunities.

There are a few ways to do that, but here’s what I feel are two of the best.

One is to use analytics to monitor SaaS product usage, behavior, and engagement and then target the segment of customers that rank highly in these areas. If, for example, one customer used your SaaS product daily and took advantage of most of the features, they would be a much better upsell candidate than someone who only logged into your SaaS product weekly and only used a feature or two.

After narrowing down your high-priority list, you could then have your SaaS sales team initiate outreach through each customer’s preferred channel (email, phone, text, etc.). This brings me to my next point.

Personalize Your Outreach

Once you know which customers to reach out to, you’ll need to tailor your outreach to ensure your offerings address each customer’s unique needs. Let’s look at Slack’s pricing options as an example.

Say one of their customers was using the free version. They used Slack consistently but were only running a small team where they could likely gain value from some additional features but didn’t need all the bells and whistles. When performing outreach, a sales rep would likely want to suggest the Pro or Business+ version of Slack, as it offers plenty of great benefits for small businesses.

However, they probably wouldn’t want to suggest Enterprise Grid because this is aimed at much larger companies with extensive needs.

This is a hyper-simple example, but I think you get the idea. The point here is that you should always make personalized upsell offers, as that’s going to A) increase your chances of converting and B) ensure your customers get the maximum value.

Automate Upselling with Triggers

Up until this point, the SaaS upselling outreach methods I’ve discussed have required a manual approach. But for this point, let me talk about automating your upselling.

One of the best ways to do this is by using upselling triggers that let high-potential customers know about relevant offers based on their behaviors. There are two main ways to go about this.

First, you can use native, in-app messaging to encourage customers to upgrade their plan by showing them the benefits they’ll get at the opportune time. This is something Slack does expertly by letting users know when they’re approaching the maximum amount of searchable messages.

While their policy has since changed, it used to be that free users were limited to 10,000 searchable messages. Once they exceeded that limit, some of a user’s older messages were no longer shown.

When a free user approached 10,000 messages, it would trigger Slack to automatically display this upsell that showed the limitations of their free plan.

Users who were interested could simply click “Learn more” and get the full rundown and upgrade.

Convey Value

Once an existing customer has been propositioned for an upsell, they need to understand at a glance the exact value they’ll get from it. The more concise you are about conveying value, the stronger your chances are of converting.

Most SaaS companies that succeed at upselling simply provide a side-by-side comparison so customers can see how one plan differs from the next. AI image generation platform Leonardo, for example, offers a succinct breakdown of different plan benefits.

So if a customer wanted to generate more images per month (which is done with tokens), they may be interested in making the jump from the Apprentice plan, which only offers 8,500 tokens per month to the Artisan plan, which offers 25,000 tokens.

And for customers who are on the fence about an upsell, you can always leverage testimonials or case studies that show how other real-life customers have benefited by making the switch.

Incentivize Upselling Offers

Finally, you can often increase your conversion rate even more by offering targeted incentives, with two of the most popular being a free trial or discount. This is a technique that Leonardo currently uses where they’re giving customers a percentage off when they upgrade product versions.

And to encourage customers to take action right away, you may only want to make your incentives available for a limited time to create a sense of urgency.

Succeeding with Upselling in SaaS Sales

With companies routinely increasing revenue by as much as 30% through upselling in SaaS sales, it’s hard to argue with the impact this technique can have. As long as your customers are genuinely getting more value, it’s the ultimate win-win. It’s just a matter of fleshing out your upselling strategy and taking the right steps to maximize your conversion rate.

Want to find elite SaaS sales reps that can help you close more deals? See how the Original Sales Assessment can help you find the best of the best.

How to Enhance SaaS Sales Performance By Leveraging Key Data

I think we can all agree that efficiently using data is an asset. For perspective, McKinsey & Company reports that “data-driven organizations are 23 times more likely to acquire customers, six times as likely to retain customers, and 19 times more likely to be profitable.” But what are some specific ways you can enhance SaaS sales performance by leveraging data?

That’s what I’ll tackle in this post so we can have a clear understanding of how to put SaaS sales data to use in a practical way. More specifically, I’ll cover core areas of SaaS sales that can be dramatically improved by leveraging key data.

Let’s jump in.

Audience Segmentation

Today’s customer is more sophisticated than ever, with most having incredibly high expectations. This is true in traditional e-commerce, and it’s especially true in SaaS.

One of the best ways to meet or exceed customer expectations is with audience segmentation, as it paves the way for personalization. For reference, “80% of audiences tend to do business with a brand that personalizes their experience with it,” and “80% of companies that use market segmentation report increased sales.”

For example, you could use SaaS sales data to break your audience down into different segments, such as demographics, purchase history, engagement level, product interest, and so on. From there, you could tailor your sales approach to address each segment’s unique needs, thus creating a more enjoyable lead experience and increasing your odds of converting.

Lead Scoring

Your SaaS sales team’s time is valuable. If they spend time pursuing the wrong leads with a low likelihood of converting, they waste time and money, often with nothing to show for it.

On the other hand, if they pursue the right leads — sales qualified leads — with a high interest in buying, your conversion rate can’t help but increase. And you can send leads that aren’t yet sales-ready to your marketing team to be nurtured.

But how do you quantify leads and know who’s sales qualified and who’s only marketing qualified? This can be done with lead scoring.

By assigning leads points based on behaviors like website pages visited, website interactions, and contact methods, you can assign each lead a score.

For instance, a lead that simply read a couple of your blog posts and visited your pricing page would receive a lower score than someone who visited your pricing page, signed up for your newsletter, downloaded a PDF, and contacted you through a web form.

Using lead scoring data like this can be invaluable for identifying which leads to prioritize, which to nurture, and in some cases, which leads will never close.

Customer Journey Analysis

Every customer journey consists of a series of touchpoints. From the very first time someone learns about your SaaS product to the moment they actually buy, there’s a customer journey that takes place in between.

The better you understand the customer journey, the smoother you can make it. In turn, this creates a better customer experience, which sets the tone for more SaaS sales. And in the grand scheme of things, this can factor into deeper customer loyalty because it creates a great first impression, which will make many customers want to stick around longer, renew their subscriptions, become brand ambassadors, and more.

Another key way to enhance SaaS sales performance with data is through customer journey analytics, which “is the process of identifying customer touchpoints and understanding how they affect customer experiences and business outcomes.”

Here’s an example of what that looks like using a customer journey analytics platform like Woopra.

Using data like this gives you a bird’s-eye view of each customer touchpoint end-to-end so you can understand the customer journey on a granular level. This brings us to our next point.

Identifying Friction Points That Lead to Drop-off

By having customer journey analysis data, you can see exactly where leads are dropping off in the sales process.

Say, for example, there’s a higher-than-average drop-off from the sales demo to the free trial signup. There’s a smooth transition from one touchpoint to another throughout the rest of the customer journey, but your data shows that not as many leads are signing up for your free trial as there should be.

This would signify that your sales demo could use improvement. As a result, you could zero in on your sales demo further to figure out what’s wrong and come up with a solution. Then, once you optimize your sales demo, this hiccup in the customer journey should be resolved, and an increase in conversions should occur.

Identifying Strengths in the Customer Journey

Besides spotting friction points, you can also use customer journey analysis data to determine what you’re doing right.

Say that a higher-than-average number of leads are moving from your pricing page to requesting a demo. This would indicate that the core elements of your pricing page like design, informational structure, layout, CTA, and so on are working well and leads are responding favorably.

In this case, you’d likely want to leave your pricing page alone, as it’s already getting results. Also, you could analyze your current pricing page so you can pinpoint precisely what’s working for future purposes.

For instance, you could take screenshots and share this information with new members of your sales team.

Using Key Data to Enhance SaaS Sales Performance

There’s no denying the impact that data can have on SaaS sales performance. Companies that use it intelligently have a much greater advantage over those that merely “rely on a hunch.”

By understanding tangible ways to put data to use and which areas to focus on, you should be able to get the most from your SaaS sales team and make everyone’s life easier, while simultaneously creating the best possible customer experience for the ultimate win-win.

To build an elite sales team, register with HireDNA today. This software uses cutting-edge, science-based technology to find the best of the best salespeople.

How to Use Case Studies to Convert More Leads

There are about 30,000 SaaS companies in 2023, and that number is quickly growing. By 2024, some experts believe that number will more than double to 72,000. This means competition is fierce, and customers have more choices than ever. While there are numerous ways to boost conversions and bring more leads to your company, one of the best pound-for-pound is using case studies to convert more leads.

In this post, I’ll show you just how big of an impact demonstrating customer success through case studies can have on SaaS sales and offer a real-life example for inspiration.

What Exactly is a Case Study?

First, let’s start with a clear definition. In the context of SaaS, it’s an in-depth study of a customer who used your product and the measurable outcome it had.

The specifics of a case study can vary, but there are five key elements you tend to see across the board.

First, there’s the introduction that explains who the customer is, the industry they’re in, and so on. Next, is the problem they were facing before using your SaaS product. Then comes the solution, which discusses why your product was a good fit. From there, a case study explains the result, ideally using concrete data to explain the quantifiable impact. And finally, it details where the customer was before and after using your SaaS solution.

Why Case Studies Are So Effective in SaaS

It’s simple. Using case studies to convert more leads works well because it’s the ultimate form of social proof.

While there are several other effective forms of social proof, with testimonials, reviews, and ratings being just a few examples, case studies break down the results an actual customer had after using your SaaS product. Rather than just saying, “Our SaaS product works great and can make your life easier, grow your business, etc.,” a case study takes a deep dive and shows firsthand what the impact has been using a real-life example.

And this is incredibly important in an age where 1) there’s so much competition and 2) many leads are skeptical of brands.

I like what HubSpot campaign manager Siobhan McGinty has to say about it.

“Do not underestimate the value of providing social proof at just the right time in order to add value and earn their business. Case studies are extremely effective in the consideration stage of the buyer’s journey when they are actively comparing solutions and providers to solve a problem they’re experiencing.”

So when a lead is at the consideration stage, a case study can be the perfect form of content for connecting the dots and showing them why your SaaS solution is the best option.

Instead of merely taking your word for it, a lead can see how a similar customer benefited from your product and how they can as well.

Eye-Catching Statistics

At this point, you’re probably wondering just how big of an impact case studies can truly have. To answer that, here are a few compelling statistics that illustrate the value they can bring to a SaaS marketing campaign.

First, 2022 research by The Content Marketing Institute found that 73% of the most successful content marketers used case studies in their campaigns.

Next, of the top content assets that marketers used in the last 12 months, case studies ranked number four, just behind videos and virtual events, which shows the growing ubiquity of this content medium.

And third, research from Uplift Content found that case studies were ranked as the number one most effective marketing tactic for increasing SaaS sales, with 39% of marketers saying they were effective. For perspective, case studies ranked higher than SEO, general website content, email marketing, eBooks, social media, and blogging.

By these numbers, it’s clear that using case studies to convert more leads can be an excellent addition to a SaaS marketing campaign. So if it’s something you haven’t tried yet, now is the perfect time to do so.

A Real-Life Example

Now that we know what case studies are and why they work so well, let’s look at inbound lead conversion and scheduling app Chili Piper to see how they use case studies so effectively.

Chili Piper is a SaaS company that uses content as an integral part of their marketing campaign, with blogs, guides, and podcasts being a few key examples. But in my opinion, where they really succeed is with their case studies or “customer stories” as they call them.

Chili Piper even has an entire section of their website devoted solely to case studies.

One that I think is especially good is where they featured BambooHR and discussed how the company was able to increase qualified meetings by 40% after using Chili Piper.

In this case study, Chili Piper provides:

  • An introduction and overview of BambooHR
  • The inefficiencies of their previous system before using Chili Piper
  • The solution that was implemented with the app
  • The results (increasing qualified meetings by 40%)

They even provide a video featuring BambooHR company rep Mary Nelson who discusses exactly how Chili Piper helped make their meeting scheduling process far more efficient for a “straight from the horse’s mouth” perspective.

It’s a simple, straightforward format that perfectly showcases the power of this SaaS product and helps leads envision how it could help their company as well. You can see the case study for yourself here.

And if you’d like to see Chili Piper’s full library of case studies for more ideas, you can find them here.

Using Case Studies to Convert More Leads

If you’re looking for the ultimate “show, don’t tell” marketing strategy, it doesn’t get much better than case studies. And while they can work well for many industries, they pair perfectly with SaaS because they enable you to show leads firsthand how a similar company benefited from using your product.

That’s why I can’t recommend this strategy enough, and it’s one that can be a great addition to your SaaS marketing arsenal.

Looking to build an all-star team of talented salespeople? Use HireDNA to recruit and retain top reps with cutting-edge technology.

How to Use Value-Based Selling in SaaS to Drive More Conversions

When many people think of traditional sales, they often envision aggressively pushing a product and landing the deal. While making conversions is obviously important, the old-school “going for the jugular” style often does more harm than good these days, and leads are less receptive to high-pressure sales tactics than they used to be. One form of selling that’s gaining in popularity and can be especially potent is value-based selling.

To quantify, “87% of high-growth sales organizations now take a value-based approach to sales.” And many experts have gone so far as to call value-based selling “the sales methodology of the future.”

Here’s how to use value-based selling in SaaS to boost conversions and take your sales team to the next level.

Transactional Selling vs. Consultative Selling

First, let me start off by saying that value-based selling takes a consultative approach to sales where you listen and educate a lead while building a relationship with them and highlighting the value your SaaS product offers. This differs from transactional selling that’s mainly focused on the features and specs of a product, “pushing” it on a lead and making a transaction.

For perspective, here’s a comparison of transactional selling vs. consultative selling (the camp value-based selling falls under).

Now that we have a basic understanding of these two different styles, here are the most integral techniques for using value-based selling to win over more prospects.

Research Each Lead’s Unique Needs

A critical part of succeeding with this approach is avoiding a “one-size-fits-all” mentality and treating every lead uniquely.

“When researching a prospect, aim to understand their company and industry, background, and current pain points,” explains HubSpot. “By understanding these pieces of information, you’ll have a solid grasp of how to serve them best.”

While this, admittedly, does take time, it’s an essential component of the process. To ensure you’re spending your time on the right prospects, I suggest using a lead scoring tool, ideally focusing on sales qualified leads (SQLs) rather than marketing qualified leads (MQLs).

By default, this will filter through your list of prospects and ensure you’re only spending time on those that are ultra-high-quality with a strong likelihood of converting. And for the MQLs that aren’t yet ready, you can send them to your marketing team for nurturing.

Build Authentic Rapport

The initial stage of the process of researching a lead’s unique needs will come into play here, as it will set the tone as you build rapport. As I mentioned earlier, an essential part of value-based selling is acting more as a consultant rather than a conventional salesperson. So the goal is to stay personable and “human,” getting to know each lead as an individual.

One area where many salespeople go wrong is jumping into the sales discussion too early. While converting is always the goal, value-based selling takes more of a “long game” approach where you first get to know a person and build an authentic relationship so you can deliver genuine value and address their specific needs.

Clearly Demonstrate the Value of Your SaaS Product

The first two steps in the process will set you up for the most important part of the journey — where you directly articulate exactly how your SaaS product will improve a lead’s situation.

For example, marketing, automation, and email platform Mailchimp offers very specific value for its customers.

This includes:

  • Helping them convert more customers at scale by “driving more traffic and sales by setting up automations that trigger emails based on customer behavior”
  • Using automation to create “pre-built journeys that help customers cross-sell their products, recover abandoned carts, re-engage existing customers, and win new ones”
  • “Delivering personalized emails based on customers’ buying behavior, survey responses, chat interactions, and support tickets to promote loyalty and growth

Mailchimp is an arbitrary example, but you get the idea. The key here is to convey precisely how your SaaS product can help while speaking to a lead’s individual needs and pain points. If you can do that effectively, you’re almost guaranteed to succeed at value-based selling.

Use Customer Success Stories

At this point, you’ve researched a prospect, built rapport, and articulated the specific value your SaaS product offers. Now it’s time to connect the dots and bring it all home. And one of the best ways to do that is by offering customer success stories where you tell a lead about real-life examples of customers that have actually used your SaaS product and experienced genuine results.

Going back to Mailchimp as an example, they have several case studies on their website that highlight customer success stories.

You can take a similar approach, using examples of your current or previous customers that have seen serious results and tailor them to address the unique needs and pain points of the lead at hand. By seeing the impact your SaaS product has had in a real-life situation, this can be just what you need to get a lead over the hump and commit to purchasing.

Winning at Value-Based Selling

Let’s recap. Rather than taking a transactional approach, which is often the basis of conventional selling, value-based selling goes the opposite direction. It’s more about thinking long-term rather than making the immediate sale and concentrates on consulting, educating, and relationship-building.

And while it’s probably not feasible to use value-based selling for every single lead (MQLs don’t likely make sense, for example), it can have a tremendous impact when you focus on high-quality SQLs. With most of today’s high-growth organizations already using it, value-based selling is something you should seriously consider implementing into your SaaS strategy.

Looking to find A+ reps for your SaaS sales team? Learn how this sales assessment can help and why 91% of recommended candidates have positive on-the-job performance.

Preventing Lost Customers: SaaS Retention Strategies to Reduce Churn

Churn is an inevitable part of running a SaaS company. No matter how great your product is, how streamlined your onboarding, and how quality your customer service, a certain percentage of customers will inevitably leave. That said, churn is definitely something to keep in check, especially when you consider that US businesses lose around $1.6 trillion annually because of it. On that note, here are some of the most helpful SaaS retention strategies to keep churn as low as possible.

Start By Perfecting Your SaaS Onboarding

The exact percentage will vary depending on who you ask, but in most cases, poor onboarding is the number one reason for churn. In fact, a recent study found that poor onboarding accounts for nearly 23% of all churn.

For that reason, I suggest making SaaS onboarding a top priority and continually striving to make it as seamless as possible. After all, the quality (or lack thereof) of the onboarding experience will make a lasting impression on each new customer. So you want to make sure you’re getting them up-to-speed quickly and not creating unnecessary friction.

To learn the fundamentals of quality SaaS onboarding, I recommend reading this post from HubSpot and following this checklist.

Be Committed to Ongoing Product Improvement

According to the same study, the second biggest reason for churn is an underperforming product, with just under 20% of customers leaving because of this.

And this shouldn’t come as a shock. Obviously, if a customer is underwhelmed with a SaaS product, they probably won’t stick around for long.

That’s why it’s so important to take an endlessly iterative approach to product development and improvement. In fact, if you look at the most successful companies, nearly all are constantly looking to identify flaws, fix issues, and make adjustments to help their product reach its full potential.

In other words, don’t treat building your SaaS product as a one-off type of deal. Instead, be committed to ongoing product improvement.

Be Committed to Building Long-Term Relationships

Third on the list of top reasons for churn is ineffective relationship building, with over 15% of customers leaving because of this.

Just like poor onboarding and an underperforming product, ineffective relationship building is a fundamental element of the customer experience. And when it’s neglected, you’re likely to see a higher churn rate than you’d like.

So how exactly can you build stronger relationships with your SaaS customers? Here are some ideas.

  • Maintain regular communication
  • Make it simple to reach customer service through a variety of mediums (website, email, social, etc.)
  • Give customers updates on product improvements, new features, and upcoming releases
  • Ask for their feedback and ways you could improve the product and enhance the overall customer experience
  • Offer discounts and other perks to loyal customers

Practice Proactive Customer Service

Reactive customer service is when you wait for customers to come to you with their problems and questions. Proactive customer service, on the other hand, is when you anticipate problems and questions and actively engage customers to not only ensure there are no deal-breaking issues but that they’re highly satisfied.

Here’s a side-by-side comparison of proactive versus reactive customer service.

Put yourself in the shoes of a SaaS customer for a second. Which type of customer service would you prefer?

It’s a no-brainer. In nearly every situation, customers will always opt for proactive customer service because it makes their lives easier, and they can get the absolute most from their investment.

That’s why I strongly suggest taking this approach if you’re not already. You can learn more about this topic in this guide from customer service software brand Tidio.

Offer Incentives for Customers to Hang Around

Getting customers to convert initially isn’t easy. But getting them to hang around for the long haul, especially when you’ve got competitors nipping at your heels is a whole other matter. One of the best SaaS retention strategies to fix this problem is to offer your loyal customers incentives to stick with you.

I like what Carly Stec of HubSpot has to say about this.

“Give customers a reason to stick around by offering them something special like a promo, discount, or loyalty program. This small effort can go a long way when it comes to showing your existing customers how much you value their business.”

If someone is happy with your SaaS product, they’ll be even happier. And if they were on the fence and potentially considering taking their business elsewhere, this can be just what you need to make them reconsider and remain a customer.

Figure Out Why Churn Happens

Finally, it’s incredibly important to understand what’s contributing to your churn because this will help you take the appropriate steps to lower it. Earlier, I mentioned that poor onboarding, poor product performance, and ineffective relationship building were the top three causes of SaaS churn across the board. But, of course, every situation is different, so you’ll want to know precisely what issues are the biggest contributors for your company.

A great starting point is to use exit surveys when customers leave, as this should provide you with a basic overview of the core causes. However, admittedly, only a certain percentage of customers will fill these out, and it won’t necessarily show the whole picture.

That’s where a retention analytics platform comes in. This is specifically designed to quantifiably measure churn to see why customers leave and what’s causing it. Further, this can also help you measure customer engagement so you can determine the behaviors that are leading to success.

There are numerous products on the market, but one of my personal favorites is Woopra which primarily focuses on the SaaS industry. For example, you can use it to determine how many users return after using a core product feature…

…or what your product retention is for mobile users.

Keeping More Customers with Winning SaaS Retention Strategies

It’s hard to stress enough the importance of minimizing churn. After all, it doesn’t matter how many new customers you gain if you can’t retain them. By using the right SaaS retention strategies, you should be able to tame your churn rate and build the foundation for a long-lasting brand.

If you’re looking to find A+ sales talent to propel your company, see how HireDNA can help.

The 4 Best Places to Find Elite Passive Sales Candidates

We’ve talked a lot about passive sales candidates on this blog. And for good reason. Over three-quarters of sales candidates can be classified as passive, and they’re often some of the most talented individuals you’ll find in your industry. That said, not all are created equal. So how do you find elite passive sales candidates? The best of the best?

In this post, I’ll share four of the top resources I recommend that can be potential goldmines for sourcing passive talent to take your sales force to the next level.

1. An Employee Referral Program

For most companies, the best place to start is by establishing an employee referral program because this gives you access to a steady supply of potentially amazing salespeople.

There are two main reasons why this can be a smart move. First, rather than having to constantly seek out elite passive sales candidates yourself, they come to you instead. Second, the overall caliber of talent companies find with an employee referral program tends to be high quality.

For perspective, Forbes states that “referrals are the leading source of superior candidates for 88% of employers,” and “referred candidates are a better culture fit than those hired through other sources.”

And it makes sense when you think about it. If you already have a team of bright, capable salespeople, odds are they’re in contact with other potential salespeople that are equally as talented.

By launching an employee referral program and encouraging existing team members to source other rockstars, there’s a great chance you can make some A+ acquisitions.

To learn the basics of how to get one set up, check out this guide from SHRM.

2. LinkedIn

Social media in general can be a great place to source elite passive sales candidates. But, in my opinion, LinkedIn is still number one because 1) it focuses specifically on professional networking and 2) it’s a simple, intuitive platform that lets you quickly search for top talent.

Say, for example, you were looking for a SaaS salesperson in the tech industry. You can simply type what you’re looking for in the search bar here.

Then, you can browse through LinkedIn’s comprehensive results to learn more about each LinkedIn member.

At a glance, you can see what each person specializes in. And some LinkedIn users even openly state that they’re looking for job opportunities.

From there, you can learn more about a prospective candidate’s experience, qualifications, current job status, and more.

If have LinkedIn Premium, you can instantly message them without having to connect first. Or, if you don’t have the premium version, you can connect and then message them.

3. AI Tools

In recent years, AI has spread its tentacles to nearly every aspect of business, and passive recruiting is no exception. Now there are a variety of AI tools that allow you to streamline and automate much of the passive recruiting process.

Not only does this save you valuable time and eliminate a ton of tedious manual tasks, it dramatically increases your odds of landing elite talent. That’s because AI can leverage sophisticated technology to match you with highly qualified passive sales candidates with the skills, experience, and personality needed to thrive in your sales team.

There are countless AI tools on the market, but a good example of one that specializes in the outbound recruiting of passive candidates is HireEZ.

With it, you can search from over 800 million candidate profiles and use over 30 advanced AI filters to pinpoint the exact type of candidates you’re looking for. From there, HireEZ helps you engage with the best of the best to facilitate friction-free communication.

And that’s just one example. You can find a list of 9 of the best AI tools for sourcing elite passive sales candidates here.

4. Industry Conferences and Local Events

In our modern era, the majority of sales recruiting is done digitally. But it’s important to remember that in-person networking is still very much alive and well. And in the right circumstances, it can be the perfect way to meet talented passive sales candidates that could be tremendous assets to your company.

One of the main reasons why I still like in-person networking is that it lets you interact with prospective candidates face-to-face and get a feel for their style and personality. If, for example, someone is particularly charismatic and has a high social IQ, there’s a good chance they would thrive on your sales team.

Also, the people you meet at these events often have a strong commitment to sales. After all, why would someone go to the trouble of attending an event if they didn’t have a genuine passion?

Besides that, these events allow you to quickly meet a high volume of people so you can make a ton of connections and exchange contact information. So within the course of a few hours, you could potentially have several quality contacts that you can reach out to later.

When it comes to finding events, a quick Google search of “[your industry] conferences” should turn up plenty of information.

Besides that, websites such as Meetup.comEventbrite, and CitySocializer can help you find local events. Note that many of the events on these sites aren’t specifically sales-centric, but events in general, which can nonetheless help you connect with talented individuals.

Building a Successful Team with Elite Passive Sales Candidates

With more than 75% of sales candidates being passive and these candidates often being some of the most qualified, it’s important to have a passive recruiting strategy in place. And this starts with tapping into the right resources for finding passive sales candidates.

While there are numerous resources you can leverage, these four are my absolute favorites and should allow you to cast a wide net for finding the cream of the crop.

If you’re looking to build an all-star team, be sure to register with HireDNA today. We offer cutting-edge technology that helps sales companies attract, recruit, and retain the best talent.

Don’t Make Passive Sales Candidates Jump Through Hoops: Tips for Creating a Streamlined Recruiting Process

When most people think of sales recruiting, they likely envision scouting for active candidates who come to them and apply for a job. But according to a recent survey, 73% of candidates are passive, meaning they’re not actively looking for a sales position, but would be open to it if the right opportunity came along. Given passive candidates are often the most talented, it’s vital to develop a streamlined recruiting process where they don’t have to jump through a bunch of hoops.

And that’s what I’m going to tackle in this post. Here’s a formula for swiftly moving A+ passive candidates through your hiring process without unnecessary friction.

Put Yourself in a Passive Candidate’s Shoes

First, I think it’s helpful to look at the situation from the perspective of a passive sales candidate. Most are already employed, and because they’re in demand, have plenty of leverage. Therefore, they’re not going to jump at just any offer that comes their way.

To seriously consider switching companies, it has to be a truly enticing offer that goes beyond what they have at their current job. So if you realistically expect to land elite talent like this, you need two main things — an amazing offer that surpasses what they have in their current position and a straightforward system that seamlessly moves them through the hiring process.

This brings me to my next point.

Clearly Define Why Passive Sales Candidates Should Choose You

Before you ever reach out to a passive candidate, you need to be able to quickly articulate what makes your company a better choice than their current employer — an elevator pitch if you will. While every brand’s selling points will differ, here are some specific things most passive sales candidates want across the board.

Based on this and the unique selling points your offer, I suggest creating a recruitment pitch that you can reference at any time. And if you have multiple sales recruiters interacting with passive candidates, this should ensure a consistent experience.

Use Technology to Ensure a Passive Candidate is a Good Fit

If someone has stood out enough for you to have your sights on them, odds are they can sell. But there are other factors to take into account, such as working style, cultural fit, personality traits, and so on that will ultimately determine their likelihood of success.

Before you officially reach out to a passive candidate, it’s smart to use technology like an AI tool or a SaaS sales recruiting platform to analyze passive candidates based on the specific criteria you’re looking for. This will allow you to narrow the talent pool down and find the best of the best.

That way you don’t waste the candidate’s time or yours.

Make the Application Process Dead Simple

Research has found that “60% of job seekers quit in the middle of filling out online job applications because of their length or complexity.” And for passive candidates that aren’t actively seeking employment, they’re even less likely to complete a long-winded application.

For that reason, it’s critical to boil it down to the absolute essentials when gathering information. Better yet, allow passive candidates to apply through platforms like LinkedIn or Google so they can use their existing profiles rather than filling out a new one from scratch.

Offer Seamless Interview Scheduling

Another common source of frustration for candidates during sales recruiting is interviewing. The last thing you want is for a dream candidate to sour on a position because of complications during interview scheduling.

A simple way to prevent this is to use a tool like Calendly that allows candidates to conveniently schedule an interview at a time that’s best for them.

Simply send an invite with several time slots that are available, and a candidate can have their pick.

An added plus is that this also saves your recruiting team time from having to back-and-forth with candidates.

Keep Interview Rounds to a Minimum

Many sales recruiters require candidates to have two, three, or even four rounds of interviews before officially giving them a job offer. And while you want to be sure you’ve found the right person, going overboard on interviewing can be a major turnoff, especially for passive candidates that are already employed.

That’s why I suggest keeping your interviewing to a maximum of two rounds to prevent any conflicts. However, if you can just have one comprehensive interview, that’s even better.

As long as you’ve done your research and used technology like a sales recruiting platform or AI tool as I mentioned earlier, this shouldn’t be a problem.

Offer Job Status Updates

After you’ve conducted an interview(s), it’s extremely important to keep candidates in the loop as you’re making your final decision. Ideally, you’ll provide real-time updates via email, text, or messenger so candidates instantly know what’s happening.

And needless to say, don’t drag on your decision-making any longer than necessary.

Optimizing the Passive Candidate Experience with a Streamlined Recruiting Process

Because of their skills, talent, and proven success, passive candidates are often the best candidates. And while effective recruiting is important for filling all positions, it’s especially critical when recruiting passive candidates.

By following the formula outlined above, you should be able to create a more streamlined recruiting process that results in a better candidate experience and more A+ passive candidates accepting your job offers.

If you’re looking for technology to accurately and efficiently assess sales candidates, check out The Original Sales Assessment. 92% of individuals recommended by it go on to reach the top half of their sales force within one year.