Selling to SMB is fun

Mini EOQ rant - had a prospect tell me they didn’t know if they could purchase this month after getting CEO approval bc the CFO told her to wait until their new CTO negotiates to see if they will still have budget for our product (I sell to the marketing department).


Same company hires the CTO within budget this week but now is saying for cash flow purposes need one sizable deal to come in before they sign.


Who runs these companies and is anyone else dealing with this shit?

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13
369DocuSign
Big Shot
5
Sales Director
Comes with the SMB territory my man. Going to run into a lot of prospects who string you along, the ones who "need one more deal to close before signing" will always need one more deal before they sign, even if they don't. Fact of the matter is a lot of these companies either don't understand the value of proper marketing investments, or they're too scared of the risk because they can't afford to lose it. Keep them on the back burner just in case, but focus your time and mental energy instead on building a pipeline so large that when the "Broke Bois" fall through, it won't even matter. On to the next. 
UrAssIsSaaS
Arsonist
2
SaaS Eater
I've learned from my time in SMB that the CEO, CFO, CTO are often the same person (or like 2 people) and will just send you chasing your tail. Like @sheineken said, dont prioritize these deals. Set buying expectations really early in the conversation and do everything in your power to one call close these types of accounts, the more time goes by, the more excuses they will come up with not to pull the trigger. 
CuriousFox
WR Officer
0
🦊
Buyers. Are. Liars.
CaneWolf
Politicker
1
Call me what you want, just sign the damn contract
Don't worry, shit like this happens in Enterprise as well.
Blackwargreymon
Politicker
1
MDR
Call them out, draw a line in the sand, and go from there.
BlueJays2591
Politicker
0
Federal Business Dev Director
SMB can be a complete shit show, but so can Enterprise. They're all their own shit show in their own special little way. 
Rallier
Politicker
0
SDR Manager and Consultant
I've found that SMB buyers are significantly less sophisticated, which makes their requests completely unreasonable sometimes.

On the flip side, some of these people are good to go right away
bdiggidy
Opinionated
0
Account Executive Mid-Market
Gotta create some uncertainty, maybe open the door for “creativity”, but ultimately show you’ll have to walk away otherwise- if it’s a need, they’ll be open to a discussion for you to find out, is it payment structure, price, or does this not even matter anymore and they’re kickin the can down the road
MR.StretchISR
Politicker
0
ISR
I show that to the customer once I feel the deal is qualified and I ask them to provide a GO LIVE date. At that point, it becomes my job to hold them accountable to that timeline. Sometimes it works great, sometimes you have to be flexible but the framework makes sense.
Clashingsoulsspell
Politicker
0
ISR
Your buyer must be emotionally invested in the outcome you are looking for (getting the deal closed by EOM). A lot of the times this can come from just being real snd honest, if they connect to the human, not the “deal/transaction” they have a higher propensity to convert
20
Members only

SMB sales VS Enterprise sales

Question
45
What are they key differences? Which one would you prefer and why?
32% SMB
68% Enterprise
233 people voted
14
Members only

Would you rather sell to SMB or Enterprise? Why?

Question
31
Would you rather sell to SMB or Enterprise? Why?
37% SMB
63% Enterprise
76 people voted
15
Members only

More money in SaaS SMB or Mid-market?

Question
30