Challenges
- Extended sales cycles. Prolonged sales cycles typical in the SaaS industry hindered Virayo’s growth and scaling efforts. They often led to delays in project kick-offs and revenue recognition, posing a significant barrier to the company’s rapid growth and market expansion.
- Market positioning amidst intense competition. Our task was to clearly articulate Virayo’s unique value to their prospects. Developing and implementing a strategy that set our client apart in this crowded market was crucial for engaging the target audience effectively.
Solutions
In-depth ICP elaboration
In the process of target audience identification, we considered the following ICP criteria:
- Industry targeting. Our main focus was on B2B SaaS companies, particularly those within the marketing technology and HR sectors, while strategically opting not to concentrate on cybersecurity firms.
- Decision-maker engagement. We were reaching out to high-level decision-makers who play a pivotal role in purchasing decisions. This included CMOs, VPs of Marketing, Directors of Marketing, and Marketing Managers.
- Geographical focus. The primary focus of our research and outreach initiatives was North America. We also extended our efforts to Europe and Australia, aligning with Virayo’s market presence and growth goals.
- Company profile focus.Our campaign was concentrated on startups that had achieved a significant level of funding, particularly those with more than $10 million in Series A and B funding. Additionally, we focused on companies with a workforce of 20+ employees. This criterion helped us identify businesses that were at a growth stage and could find value in our client’s offerings.
Crafting personalized outreach campaigns
We developed outreach strategies and appropriate messaging that directly addressed the unique challenges and needs of each industry. We dynamically adjusted these strategies based on ongoing campaign analytics and feedback. Here is an example of the template:
Moreover, we incorporated:
- Title-based approach where we were targeting:
- C-level titles in B2B SaaS. We created our emails to address common SEO challenges executives may face, underlining Virayo’s approach that prioritizes the bottom line. We incorporated success stories from similar companies to showcase the client’s proficiency in enhancing trials, demos, and ARR through organic search.
- Marketing titles in B2B SaaS. We tailored the communication with marketing professionals to address their specific concerns, such as integrating SEO strategies with pipeline development and enhancing vendor efficiency.
- Industry-based approach. Our crafted email campaigns targeted different ICP groups. We used tailored subject lines that resonated with specific industries like HealthTech, FinTech, MarTech, Customer Support, and Logistics. We spotlighted Virayo’s case studies in these sectors, featuring specific achievements and offering strategy sessions to explore potential growth areas for the prospects’ companies. In this way, we ensured that our messaging was highly relevant for each industry segment.