5 Ways to Increase SaaS Revenue Retention and Expansion through your Sales Strategy

To create and sustain a growing and profitable B2B SaaS business you need a powerful revenue retention and expansion engine at its heart.

As with all powerful and reliable engines, your revenue retention and expansion engine must be constructed with components that fit seamlessly together. This will set your business on cruise control towards positive Net Revenue Retention (negative churn) year over year

There are many components that must combine to build your engine. These include product functionality, pricing structure, vertical/industry focus, adoption plans, churn risk management framework, customer success model (high/low/tech touch) and outcome definitions, to name but a few.

However, to ensure a high performing engine, the most CRITICAL component that needs to fit with all other components is:   

THE CUSTOMER

Logically, therefore, the strategy with which you select and acquire customers to (i.e. your Sales strategy) is key to how successfully your business will retain and expand revenue. 

There are 5 key plays in your Sales strategy that, when well designed and executed, will acquire customers that are a good fit for your revenue retention and expansion engine. These are:

  1. Prescribe Value-based Outcomes to your prospects

  2. Qualify prospects in line with your Ideal Customer Profile

  3. Secure agreement by prospects to meet YOUR dependencies

  4. Include Customer Success Architect roles in your sales opportunity teams

  5. Start onboarding during the sales cycle

By integrating these 5 plays into your Sales strategy, you will consistently acquire customers that can be retained and expanded. In essence, you will be integrating your Sales strategy with your Customer Success strategy and vice-versa.

Over the next 2-3 weeks, articles drilling into each of these plays will be published on the Valuize Consulting Insights page. Number 1 is already live – check it out here.

2 comments on “5 Ways to Increase SaaS Revenue Retention and Expansion through your Sales Strategy

Leave a Reply

Your email address will not be published. Required fields are marked *