Growth at all cost VS MRR sales
In 2022 we have witnessed a major change in the paradigm of sales in many of tech start-ups. Indeed, with the tech winter that has shaken the market, those companies have shifted from a "growth at all cost" mentality to a focus on higher Monthly Recurring Revenue (MRR) leads and prospects (TechCrunch). This shift has led to an increased emphasis on automation and optimization in sales, particularly for mid-sized clients.
Automation while keeping good service
But what does it feel like from the point of view of your mid-sized client or prospects ? What felt like a state-of-the-art service, human service might turn into a cold, lifeless self onboarding. Worst, your mid-sized clients may feel like they are no longer a priority, leading to a loss of interest in the company's products or services. In a market where competition is fierce, this means lower conversion and churn.
Which brings me to the main question: What is the right amount of automation? Or in other words, how can sales teams make mid-market prospects and clients feel valued while also optimizing their own time?
Always make sure your automation supports and enhances the work of your sales team rather than replace it
Have sufficient and relevant data about your clients to group them efficiently (sometimes it is not as straight forward as it seems)
Once you have those groups, find the common denominator that links them all and address it clearly
Use AI tools to support your automations while keeping as much of a human touch as possible by sending sector specific emails and personalized videos
SMBs are more sensitive to great service
It's also important to remember that mid-sized clients can be just as valuable as key accounts. While key accounts may generate a larger portion of revenue, mid-sized clients can often make up a significant percentage of a company's annual revenue. By focusing too heavily on key accounts and neglecting mid-sized clients, companies risk losing out on valuable business.
On the other hand, “mid-sized clients” who receives less effort and are more often than not pushed into a self served tend to be way more grateful and reactive to a good human touchpoint than a Key Account who will be used to this kind of service.
Find the right balance between automation and human touch to make every minute worth it’s dime as a sales.