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Product-market fit for a B2B company

dayzero.substack.com

21–30 of 38 posts

Re: Product-market fit for a B2B company

#21

> Enterprises buy what other enterprises have already approved. I understand why vendors believe this. But I had my share of purchasing discussions when I worked in Enterprise IT, and this was a factor in our decision-making literally zero times. But we never told the sale guys that when they put a bunch of logos into a presentation. We smiled and nodded at all the crap they threw at us, and then promptly ignored 80%…

With all due respect, this is more often than not what IT people think is happening, meanwhile the person signing the check is talking behind their backs to see if anyone else in the industry is using the product and how they're using it.

It's more prevalent in certain industries than others, and some IT people may have more sway than others, but inferring that logos aren't valuable is a terrible take.

Re: Product-market fit for a B2B company

#22
post #6

At my startup [0] it's still early days, but we're trying to use the Superhuman "engine" [1] for testing PMF. Basically this is a survey where you ask your users how disappointed they'd be if they couldn't use your product anymore, and if enough say "very disappointed", then you're on to something. By no means is it the only/best measure of PMF, but it's a data point. 0: https://kitemaker.co 1: https://firstround.com…

Your product looks interesting. Only blocker for me is that you only bill annually. This is SaaS, there is very little onboarding cost, why lock people in?

Re: Product-market fit for a B2B company

#23
post #16

Help me understand what strategies you used to get response from potential customers? I can't even get people respond to me. Reddit and forum bans surveys. Folks joining communities rarely respond to PM. How can I see product-market fit then?

Cold emails can be a highly effective strategy, surprisingly.

Re: Product-market fit for a B2B company

#24
post #23
post #16

Help me understand what strategies you used to get response from potential customers? I can't even get people respond to me. Reddit and forum bans surveys. Folks joining communities rarely respond to PM. How can I see product-market fit then?

Cold emails can be a highly effective strategy, surprisingly.

Do you any reference material I can read for writing cold emails and fine tuning the content? I have sent nearly 70 emails but so far I do not have a single response. May be my content is not powerful or emails are not reaching right audience.

Re: Product-market fit for a B2B company

#25
post #24
post #23

Earlier quoted context omitted.

Cold emails can be a highly effective strategy, surprisingly.

Do you any reference material I can read for writing cold emails and fine tuning the content? I have sent nearly 70 emails but so far I do not have a single response. May be my content is not powerful or emails are not reaching right audience.

[deleted]

Re: Product-market fit for a B2B company

#26
post #6

At my startup [0] it's still early days, but we're trying to use the Superhuman "engine" [1] for testing PMF. Basically this is a survey where you ask your users how disappointed they'd be if they couldn't use your product anymore, and if enough say "very disappointed", then you're on to something. By no means is it the only/best measure of PMF, but it's a data point. 0: https://kitemaker.co 1: https://firstround.com…

Your product looks interesting. Only blocker for me is that you only bill annually. This is SaaS, there is very little onboarding cost, why lock people in?

Hi! We offer both monthly and annual billing. Sorry for the confusion- we’ll clear it up on the landing page.

Re: Product-market fit for a B2B company

#27
post #24
post #23

Earlier quoted context omitted.

Cold emails can be a highly effective strategy, surprisingly.

Do you any reference material I can read for writing cold emails and fine tuning the content? I have sent nearly 70 emails but so far I do not have a single response. May be my content is not powerful or emails are not reaching right audience.

There is an approach called QVC (Question, Value, Call to Action) that can be surprisingly effective if used appropriately. Templates and more here: https://www.google.com/amp/s/www.leadfuze.com/cold-email-out...

Re: Product-market fit for a B2B company

#28
post #12

> Enterprises buy what other enterprises have already approved. I understand why vendors believe this. But I had my share of purchasing discussions when I worked in Enterprise IT, and this was a factor in our decision-making literally zero times. But we never told the sale guys that when they put a bunch of logos into a presentation. We smiled and nodded at all the crap they threw at us, and then promptly ignored 80%…

When I worked in Enterprise IT evaluating new products for a Fortune 50 company it was pretty much the same way. The three biggest things that we looked at were functionality, support and the stability of the company. We needed to know that it could do what we needed it to do and that there were enough support resources that we could get someone on the phone if we had an emergency. It is not cheap to integrate new so…

Yeah those logos help with the stability part. Obviously logos alone does not prove stability, but it is one signal.

Re: Product-market fit for a B2B company

#29

> Enterprises buy what other enterprises have already approved. I understand why vendors believe this. But I had my share of purchasing discussions when I worked in Enterprise IT, and this was a factor in our decision-making literally zero times. But we never told the sale guys that when they put a bunch of logos into a presentation. We smiled and nodded at all the crap they threw at us, and then promptly ignored 80%…

Hm. I think of my time in IT at big finance. Where the software solution was bought and paid for before IT even knew what was happening. For many enterprise IT is not the King you make them out to be.

Re: Product-market fit for a B2B company

#30

> Enterprises buy what other enterprises have already approved. I understand why vendors believe this. But I had my share of purchasing discussions when I worked in Enterprise IT, and this was a factor in our decision-making literally zero times. But we never told the sale guys that when they put a bunch of logos into a presentation. We smiled and nodded at all the crap they threw at us, and then promptly ignored 80%…

With all due respect, this is more often than not what IT people think is happening, meanwhile the person signing the check is talking behind their backs to see if anyone else in the industry is using the product and how they're using it. It's more prevalent in certain industries than others, and some IT people may have more sway than others, but inferring that logos aren't valuable is a terrible take.

It also affects us subconsciously even when we make a conspicuous effort to ignore it and are cognizant of the underlying bias.
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