This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A while back I wrote a bunch of posts on Sales & Marketing and have been meaning to get back to that theme for a while. Even if you don’t have “direct&# sales I would tell you that “everything is a sale&# including fund raising, hiring, getting press and doing business development.
And we rightly celebrate each such pairing, often with a mutual press release. Call it a “press release partnership.” Consider a sales relationship where your product will be in the bag of salespeople from the partner company. And sometimes that’s all we end up doing. Or an opportunity missed. Or a relationship not nurtured.
And we rightly celebrate each such pairing, often with a mutual press release. Call it a “press release partnership.” Consider a sales relationship where your product will be in the bag of salespeople from the partner company. The post Is your strategic partnership just a glorified press release?
I pointed to several Economist articles I had read that mapped historical prices of real estate for 400 years and how on average property values grow at no more 1.5% above inflation yet in many markets in the US & Europe prices were rising at 10-25% per year. We jockey to make sure the press release has our names on it.
I spend a lot of time with startups and thus hear many companies talk about their approach to sales and their interactions with customers. Given customers & sales are the lifeblood of any organization you’d imagine everybody would respect their customers. The press don’t get your financials. Startup Lessons'
I suppose I should have imagined that this line would get more press than all other comments combined. But that doesn’t mean that people are paying rational prices as investors based on intrinsic value. Rational people can disagree and some may argue that today’s prices are rational and under-pinned by economic drivers.
Avoid a simple pricing mistake which could sink your startup. Because I am cheap and I know that car dealers are incentivized by the manufacturer to hit quarterly and annual sales goals. Thus, the value of a sale at the end of a quarter can be significant, if the sale contributes to obtaining a manufacturer''s incentive.
Our sales forecasts were revised downward – many times. I know that you keep reading about how our competitors seem to been going from strength-to-strength in the press. You’re only reading our competitor’s press releases. You need to stop comparing our internal issues with their press releases.
It’s far easier (and sexier) to spend your time working on deals – the chase, the negotiation, the secret dinners, the combination of assets, the PRESS STORY! They always have big lovey-dovey press releases. Want to cut prices and go for market share? Remember that all companies sound great from their press coverage.
According to Docstoc, the books include titles from McGraw-Hill, Microsoft Press, John Wiley & Sons, Random House, Simon & Shuster, Barnes & Noble World Digital Library, Cambridge University Press, Barron's, Elsevier, Sourcebooks, Pearson, and others. READ MORE>>.
” The post talked about how to find the lowest acceptable price & terms in a deal through testing. You’ve got to have some wiggle room on price and on terms. She got you to drop price and include more licenses for free. All of your sales training techniques are useless to their procurement Teflon.
Last week, Los Angeles-based HauteLook (www.hautelook.com), an online private sales site, scored a major round of funding--raising $31M from Insight Venture Partners. Adam Bernhard: We're a platform that does flash sales. Adam, thanks for the time. We work on behalf of brands, as a web site that has a membership base of over 2.5
The most obvious way to explain this is with sales people. If you hire 6 senior sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business 6 months. COGS” represents the amount that each sale costs you.
Local Press / Websites / Organizational Tools – New York has an amazing startup scene and the energy and momentum is palpable. And so you have great local tech press like Business Insider who covers the industry very well. Local press matters. Every city should have a “BuildIn” program.
Make It Work sold its services in pre-paid hours, at a discount from our pay-as-you-go pricing. Since 2008, the company has been forced to lower it’s prices, from $120/hour to $80/hour. In May of 2012, sales dropped drastically. Sales remained sluggish during this period, but we were not giving up. It was over.
– while the other might want a quick sale and pocket some bucks while the tech market is hot. It either needed to get more aggressive in pricing, pivot to a new business or business model or raise more capital (and take the dilution) in order to have more time to figure things out. Those are the easy cases.
We had the final terms of our agreement fairly well boxed in within a range of about 5-7% on price and within 30 days on move-in date. I obviously preferred the lowest price and I wanted the latest move-in date. She told me, “start with the price you want but the move in date he wants.&#. I told my agent. She way annoyed.
I’ve observed the following scenario in both of my companies and in countless others I’ve advised or invested in: - your company becomes moderately high profile in a few press articles. A “warrant&# is a right, but not an obligation for a company to buy stock in your company at a future date and at a pre-agreed price.
Nobody commits, nobody wants to set a price, nobody wants to stick their neck out then BOOM! Founders read the tech press every day filled with stories about these $20 million fund-raisings by this firm and that firm and it sounds like everybody else is doing it except for you. as an industry we succumb to “herd mentality.”
The most important advice I could give you before you set out in fund raising mode is to understand that fund-raising a sales & marketing process and needs to be managed. Somehow many first-time founders equate “sales” with something that is beneath them. In sales there are also three rules: Qualify, qualify, qualify.
Contrary to some press reporting, the boom in startups, the creation of accelerators and seed funds as well as the deserved popularity of AngelList do not signal doom for our industry. They compete on features, price and execution. Bottom of the sales funnel. Thank you, Aaron Sorkin! Some will pay off, others will not.
In this period (less than 2 years) he has brought on incredibly talented senior execs is sales, marketing, product management, client services, finance, vp engineering and more. Ask for help reviewing your press release. Ask them for a meeting to review your pricing strategy with you. Assigns tasks. Already covered. Assign away.
At times I wanted the engineering team to produce features to support our sales efforts to I occasionally leaned on them a bit. So he would allocate say – 20% to sales, 15% to marketing, 20% to eng priorities, 10% to customer support, 10% to ops, 20% to ‘platinum customers’ and maybe 5% directly to me as the CEO.
Switch your focus from product development to sales. Explosive growth to an enterprise normally requires a scalable sales model, a well-documented process with incentives, training, and metrics for tracking and management. Isolate marketing from sales for maximum customer focus.
o Huge on PR, “Be Everywhere” is his motto – fly to NY, proactively everywhere he could get press. People want to invest in people they trust – once you’ve made money for someone you can always go back, and even get better pricing. o Everything is for sale but it’s the price that moves the timing.
As a startup in this phase you often raise capital, get press, hire staff and everything feels possible. In the case of MakeSpace we had huge initial successes in New York City as Rahul led the scaling of our drivers, our trucks and our warehouses and we figured out the right price points to beat the local competition.
Make It Work sold its services in pre-paid hours, at a discount from our pay-as-you-go pricing. Since 2008, the company has been forced to lower it’s prices, from $120/hour to $80/hour. In May of 2012, sales dropped drastically. Sales remained sluggish during this period, but we were not giving up. We missed payroll.
However, what happened as we worked with clients on AdBook, we got deep into the trenches with online ad sales and learning the operational nuances--there are plenty--we realized that there were a couple of big gaps in the market. Because of that, the sales team is left with a data entry problem. It's an automatic proposal builder.
Ecommerce company Shopify supports small businesses with technology like ecommerce website builders and retail Point of Sale systems. The two companies are a great match, according to Shopify's press release about the deal. Now, it's dramatically expanding capacity in another area, fulfillment, with the acquisition of Deliverr.
If ten percent of these numbers, multiplied by your average product price, will get you the revenue you need to scale your business, you will get the love you need from angel and venture capital investors. The wealth of data available online is already much larger than the entire Library of Congress, and much more current.
The price increases to $65 after April 23rd and $125 at the door. Press Release TCVN News' What: OC Technology Influencer Mixer & Summit 2011. When: Mixer: May 16th 6pm-11pm, Invitation Only Summit, May 17. Cost: General admission tickets to the mixer are $50 before April 23rd. REGISTER AT: [link]. Media Contact: Jan Johnson.
My House Is Not For Sale. Even the eccentric King of Pop communicated the price he was willing to pay for Neverland. Our response was that there was no “price” as our company was not for sale. What is your price?”. Our BATNA to a sale was to accept funding from venture capitalists.
Traditionally, you just worried about the quality of the sales transaction (price, speed, service), but the “customer experience” now includes ease of pre-sale shopping, post-sale support, with a connected relationship throughout. This can save them grief, as well as reduce your own marketing and sales costs.
But unlike the popular press reporting of this conflict — 80% of the time it is founder-to-founder conflict and not investor-to-founder conflict. The administrative work we actually do at board meetings? Sometimes conflict comes because executives want to increase personal compensation and investors aren’t in favor of this.
If a consumer will pay a fixed price for a product or service then the battle over who gets the margin in any sale is between the person who merchandises a product and the person who manufactures it. The press around the Parachute Home Hotel itself was worth the effort of having created it. even a DTC company?—?if
Photo by Hope House Press - Leather Diary Studio on Unsplash It’s also true that there will be tough moments in your company’s journey where you will want to be able to carry people behind the tough decisions you want. But what are the KEY ISSUES management is grappling with. You can write this as a narrative in 3–5 key bullet points.
There were no price guides, standardized rating systems or baseball card stores. We were happy to accommodate his request, as the money derived from the sale of the sets allowed us to purchase vintage cards via our weekly newspaper ads. Eventually, card buying speculation drove prices ever higher. But Our Hobby Is Different….
We have a very unique capability in scalability, but at an agreeable price point. Gary Bishop: We've been able to make big use of available technology, plus about 30 to 45 percent of our sales are international. About 30 to 45 percent of our business is international. The automation we provide is unique. READ MORE>>.
It freed up Ophir to grow out our sales organization, to work more closely with agencies, to innovate on product and to raise capital. This happens because many CEOs are passionate, market-driven people who are constantly trying to launch new products, win contracts, get press, hire staff and woo VCs. They can help you with pricing.
If ten percent of these numbers, multiplied by your average product price, will get you the revenue you need to scale your business, you will get the love you need from angel and venture capital investors. The wealth of data available online is already much larger than the entire Library of Congress, and much more current.
If 10 percent of these numbers, multiplied by your average product price, will get you the revenue you need to scale your business, you will get the love you need from angel and venture capital investors. A common excuse I hear from entrepreneurs for not doing the work is that real market research takes too much time and costs too much money.
It helps to have a following of loyal advocates in the mainstream press. When top tier investors compete for a piece of the action, the price can go up exponentially. Premium ventures need real traction, such as 100 million users, 10 million in revenue, or brand recognition around the world. Active interest by a multitude of investors.
If ten percent of these numbers, multiplied by your average product price, will get you the revenue you need to scale your business, you will get the love you need from angel and venture capital investors. The wealth of data available online is already much larger than the entire Library of Congress, and much more current.
First, let’s cover basic components you’d see in a letter of intent for a startup M&A deal: — The sticker price : The cost to acquire the target. — Price adjustments : Possible reductions (due to debt or liabilities exceeding assets) or increases (based on financial performance). A stock sale?
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content