Divyanshu Makkar, co-founder of vertical SaaS platform Sourcewiz, outlines key sales and go-to-market strategies for selling software to Indian manufacturers.
“Do not be scared of building like field sales. Like a lot of people in the beginning told me that, you know, don't do field sales. And a lot of SaaS founders, by the way, hate field sales, right? Like they don't like it. SaaS is usually thought of as a clean business to run an India running an FOS. So I think as a founder, you should not create those boundaries for yourself. You should be flexible and, you know, just go with the whatever it takes mentality. If it, if my customer wants to have a cup of tea before he signs a contract, you know, that's the process you need to figure out, right? Like you can't be choosy in terms of what is the right process to sell.”
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“Asking for projections for a pre-product company five years out. It's, yeah, it's, you know, I'm just going to do some art there. And I felt like, you know, that like almost all VCs, like no, 99% of the VCs didn't ask me for it only one or two hours. And I, th…”
Divyanshu MakkarAug 23, 2022▶ 30:22How He Built India's #1 SaaS for Manufacturers? Ft. Divyaanshu Makkar, Co-Founder-Sourcewiz
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Charging Indian factory owners monthly creates severe payment collection problems
“Charging Indian factory owner monthly is the worst thing you can do to yourself. And it's like collections will become a huge problem in India. You just keep following up, right?”
Divyanshu MakkarAug 23, 2022▶ 42:42How He Built India's #1 SaaS for Manufacturers? Ft. Divyaanshu Makkar, Co-Founder-Sourcewiz
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Indian Tier-2 manufacturers require in-person sales due to burned trust
“Like people don't convert digitally. This is a segment which is burnt by technology so many times that they will not trust you if you're not, you know, if they don't have a face for it.”
Divyanshu MakkarAug 23, 2022▶ 45:19How He Built India's #1 SaaS for Manufacturers? Ft. Divyaanshu Makkar, Co-Founder-Sourcewiz
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Indian manufacturing lacks China's consistency because export products are handmade
“India is not known for a lot of consistency in their products. Compared to China, which is very mechanized as a setup, right? So, you know, the products are going to get out with a certain quality fail rate, and it's going to be largely the same, what you're e…”
Divyanshu MakkarAug 23, 2022▶ 1:00:51How He Built India's #1 SaaS for Manufacturers? Ft. Divyaanshu Makkar, Co-Founder-Sourcewiz
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Makkar: Raising venture capital locks startups into rapid growth trajectories
“As soon as you take VC money, right? Like you have decided a trajectory to follow for your business. You know, you can't then say that, okay, I don't want to grow this rapidly or I, you know, want to probably, you know, build this a different way. You have to …”
Divyanshu MakkarAug 23, 2022▶ 10:40How He Built India's #1 SaaS for Manufacturers? Ft. Divyaanshu Makkar, Co-Founder-Sourcewiz
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