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how to grow your saas

Discover the proven SaaS growth methodology that puts the customer at the heart of your product, to enable predictable, sustainable revenue acquisition, and help you shape a company your customers love.

put the customer first

saas customer firstThe fastest growing SaaS companies put the customer at the centre of everything they do. They listen to their customers: to understand their needs, goals, behaviour, and challenges.

Effective growth requires a framework for extracting customer insights: a regularly run process which helps you to prioritise product development, maximise customer success and accrue recurring revenue.

Growth strategies based on anything less than a deep understanding of an Ideal Customer are inefficient: a recipe for high customer acquisition costs, low customer retention and even damage to your brand.

Take a Scientific Approach to Growth

grow scientifically

It’s tempting to always be chasing a “silver bullet” for growth. The viral video, press coverage, star sales rep, or guerrilla marketing campaign which will propel you to success.

While these big wins may come along, they're unpredictable. Top performing SaaS companies therefore rely on process, taking a scientific approach to growth, rather than relying on chance:

  1. Brainstorm new growth strategy ideas regularly.
  2. Prioritise your ideas quickly, and effectively.
  3. Develop hypotheses to test new ideas with minimal time and resource.
  4. Scale-up investments into tests which perform, and incorporate learning from failures into the development of future growth strategies.

Align Key Growth Functions

align saas growth functions

Alignment across all your growth functions is essential for success.

Sales, Marketing & Customer Success each need to agree on common terminology, use consistent messaging, promote the same content, work towards the same goals, and share information and insight in a frictionless way. 

Most important of all, there needs to be a common understanding of your company’s Growth Metrics, Ideal Customer Profile & Buyer Personas.

The Smart Growth Framework

smart saas growth frameworkOur team has spent years studying SaaS companies and growth strategies, and is continually helping them to address their growth challenges. Our team includes previous founders, who have experienced the challenges of SaaS growth first hand, and we’ve combined our knowledge to develop The Smart Growth Framework.

There are three parts of the framework:

  • Customer & Persona Development – the process of extracting insights from customers to develop & refine buyer personas and ideal customer profiles.
  • Lean Strategic Planning – the process of regularly reviewing performance against goals, then developing new growth strategy ideas on the back of customer insights.
  • Agile Execution – the process of prioritising growth strategies in the backlog, developing new hypotheses, executing small scale tests, analysing performance, scaling up successes, and documenting lessons learned from failures on an ongoing basis.

Initially I was looking for a marketing agency to partner with. Busy running a web development agency already, I wanted to find a team who could help my SaaS product, Scale, to reach Initial Traction.

I spoke to numerous agencies, before stumbling across Cobloom. From the very first conversation I had with them, it was clear they were different. They immediately added value, and had me considering things I hadn't previously thought about, like problems with Scale's pricing.

I always look forward to my weekly call with Cobloom, and as we begin to gain traction, I'm worrying about developing the product, plus hiring and scaling the team, more than growth. It's invaluable to have my growth ideas challenged (or validated), and their team's never short of great ideas.

Nicolas Jacobeus

CEO & Founder, Scale
 

grow your saas scaleupIncrease Revenue With Smart Growth

Request a free consultation. First, we’ll listen to you, and develop our understanding of your business, goals and challenges. Next, we’ll identify opportunities you can seize to grow faster, and maximise performance. No strings attached.

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