“The source, the majority of it is coming from the sales organization. Over 65% of it. Marketing is present about 14% and channel is the balance.”
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 Christian Smith
Insight
Smith: Standard 3x and 4x sales pipeline targets lack mathematical basis
“You're going to hear three X a lot. You're going to hear four X. Generally there's no math or science behind what they're saying. They're just using whatever their biases are.”
Christian SmithJan 31, 2024▶ 4:19What It Really Takes to Be Successful in Enterprise SaaS Sales with Christian Smith, CRO of Splunk
Insight
Smith: Doubling down on low-quality pipeline generation is the worst shortfall response
“The worst answer, by the way, is to double down on the activities that are creating bad pipeline. That's usually what people do. They go to create pipeline. They just jam everybody. We need pipeline. SDRs, BDRs, RSMs, get out there and create pipeline, marketi…”
Christian SmithJan 31, 2024▶ 13:53What It Really Takes to Be Successful in Enterprise SaaS Sales with Christian Smith, CRO of Splunk
Insight
Smith: Product-generated pipeline is the most under-invested demand channel
“I think the most under invested area is product generated pipeline. And what I specifically mean by that is once a customer is in your product, even as a trial, but certainly as an existing customer, your product experience has a unique opportunity To put new …”
Christian SmithJan 31, 2024▶ 17:16What It Really Takes to Be Successful in Enterprise SaaS Sales with Christian Smith, CRO of Splunk
AssertionNot checkable as stated
Splunk's largest customer accounts spend $20M to $30M annually
“A big company back seven years ago was spending a couple of million with us. Today, they're spending 20, thirty million a year with us.”
Christian SmithJan 31, 2024▶ 21:43What It Really Takes to Be Successful in Enterprise SaaS Sales with Christian Smith, CRO of Splunk
AssertionSupported
Splunk CRO: 80% of new bookings come from existing install base
“80% of our new bookings comes from the install base.”
Christian SmithJan 31, 2024▶ 28:01What It Really Takes to Be Successful in Enterprise SaaS Sales with Christian Smith, CRO of Splunk
Disclosure
Smith: Splunk first created in-product pipeline last year
“And we're just getting to that at Splunk to be blunt. Like we just had our first one last year and I've been driving for it.”
Christian SmithJan 31, 2024▶ 18:01What It Really Takes to Be Successful in Enterprise SaaS Sales with Christian Smith, CRO of Splunk
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