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Which Sales Strategy Is Best For Your Startup?
This is an AI-generated summary of a YouTube video "Which Sales Strategy Is Best For Your Startup?" by Y Combinator!

The video discusses the differences between top-down and bottoms-up sales strategies for selling products to large organizations, and provides tips for success in each approach.

  • 💼
    00:00
    The lecture discusses two ways of selling products to large organizations: top-down sales, which starts with a decision maker high up in the organization, and bottoms-up sales, which relies on word of mouth and viral spread.
  • 💡
    00:35
    Identify the lead, validate their problem, convince them of your solution, navigate procurement hoops, and onboard the customer for top-down sales success.
  • 💡
    01:07
    Top down selling has the advantage of having a playbook that usually works, but the downside is the risk of getting pulled into building one-off features for large customers and the expensive cost of scaling.
  • 💡
    01:54
    To build a successful top-down sales motion, define your target customer, find leads through LinkedIn or other tools, and personalize your cold emails to get their attention.
  • 📈
    02:44
    Bottoms Up sales involve building a self-serve product, finding a cheap distribution channel, getting lots of users, and convincing companies to sign a contract in exchange for more features or bulk pricing, and work well for startups that solve pain points for individuals or small teams.
  • 📈
    03:49
    Bottoms Up sales model requires salespeople and finding untapped marketing channels to acquire early users, and building a great product requires talking to customers and often starts with cold calling.
  • 👉
    04:47
    Eliminate friction in your product experience, test and rewrite until it's clear, identify drop-off points, use freemium pricing, and use a bottoms-up motion to acquire individual users to sell to executives.
  • 💼
    05:35
    The success of a B2B SAS company depends on whether their pitch resonates with individual contributors or executives, determining whether a top-down or bottom-up approach is needed.
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Which Sales Strategy Is Best For Your Startup?
This is an AI-generated summary of a YouTube video "Which Sales Strategy Is Best For Your Startup?" by Y Combinator!