8 keys to building a successful SaaS like Salesforce
Here' is the model inspiring Najar and winning over investors!
- Recurring revenue (ARR) = stable and predictable income π
- Partner ecosystem to build a strong network and outsource sales teams π€
- Automation to maximize productivity and reduce costs βοΈ
- Upsell & cross-sell to increase customer value and "lifetime value" π°
- Focus on user experience = guaranteed retention β
- Scalability: a well-designed SaaS can scale quickly with minimal operational adjustments π
- Data-driven approach: use data to improve products and adjust sales and marketing strategies π§
- Continuous innovation: maintain a competitive edge by integrating the latest technologies (e.g., AI) π€
π Letβs take Najar as an example, fresh off a β¬15M fundraising round! π
- 180 active clients, B2B focus, targeting companies with 100-5K employees (e.g., Deezer, Sorare, ManoMano) π―
- 50% of the funds to triple their R&D budget π‘ + 30% for Sales + 20% for Marketing
- Product = SaaS procurement automation & optimization π»
- Promise: Up to β¬1M in savings! π°
- Goal: Become the Salesforce of procurement in the next 2 years π