“No single, like if you're POS only, like POS will get commoditized to zero and basically already is. Most POS companies alone are making all of their money on the rake of the transaction and not no one's like the hardware is now zero that you have to start.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
(the analysis reads context, assessments check outside sources). how →
More from Loren Padelford
Opinion
Padelford: Domino's is a vertical SaaS company masquerading as a pizza shop
“Domino's is vertical SaaS. It is a tech company masquerading as a pizza shop, right? It has given their owners, the franchisees, a massive technology stack and a complete unfair advantage. And as a result, Domino's is the most dominant pizza shop in the world.”
Loren PadelfordOct 8, 2024▶ 6:24The Secrets to Selling and Scaling in Vertical SaaS with Slice's CRO
Insight
Padelford: Sales teams follow power laws; companies mistakenly just add headcount
“Most businesses that I've seen and most sales orgs that I've seen Almost always fall under a power law. Which is most of the business is being driven by a small number of people. And yet the company continues to add headcount and spread it out. And it's just s…”
Loren PadelfordOct 8, 2024▶ 27:47The Secrets to Selling and Scaling in Vertical SaaS with Slice's CRO
Insight
Padelford: Sales leaders should ignore average rep performance and use medians
“The other thing is immediately kill anyone who talks about averages. If they're showing up, they're like the average performance. Oh, the average performance. That's pulled both directions by your worst rep and your best rep. So if you have a rep who's 10,000 …”
Loren PadelfordOct 8, 2024▶ 44:38The Secrets to Selling and Scaling in Vertical SaaS with Slice's CRO
AssertionContradicted
Padelford: US independent pizzerias generate $50B in annual order flow
“In those pizzerias is fifty billion dollars a year worth of order flow and spend. So when people are like, oh, pizza can't be that big of a market, that's fifty billion dollars worth of TAM in a single vertical in the United States alone.”
Loren PadelfordOct 8, 2024▶ 4:19The Secrets to Selling and Scaling in Vertical SaaS with Slice's CRO
“No single thread, especially in SMB is probably high value enough to be alone for you to do alone and create billions of dollars of return.”
Loren PadelfordOct 8, 2024▶ 12:14The Secrets to Selling and Scaling in Vertical SaaS with Slice's CRO
AssertionNot checkable as stated
Padelford: Early Shopify won $50K deals against $900K Salesforce enterprise contracts
“The average enterprise deal in e-com at that time in history, you had Salesforce doing deals at eight, 900,000 dollars a year that we could do at 50.”
Loren PadelfordOct 8, 2024▶ 19:19The Secrets to Selling and Scaling in Vertical SaaS with Slice's CRO
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