Insight certainty 4/5 debate potential 3/5

Ferber: Customer success should handle upselling while sales focuses on acquisition

Yuri Ferber · Top 3 Considerations When Growing Your Business from Single Product to Multi-Product · Jul 13, 2023 · at 10:50

This episode carries Yuri Ferber's own address, with nobody on the show putting questions to them. It still counts as said, and it is kept out of every score on their page.

Britek founder and CEO Yuri Ferber explains organizational division of labor between sales and customer success teams in SaaS.

0:00 / 1:09exact quote · 69.8s
720p mp4 · rendered on demand · StarZero watermark
“And customer success, by the way, customer success for me is, ah, they are the guys that upsell. So again, going back to that example, you have a product, you partner with another company to, ah, add their product to your offer, offering. Who does that? In my opinion, the customer success is the one that upsell. Because, why is that? Because for me, customer success is like CRM and two point old. So these are the customer relationship managers, very close to the clients they, but they need to understand the client business, and so they are talking to the client on a frequent basis, So they will know the best time to upsell or to sell a new product to that same client. And the sales teams, they are worried about bringing new clients. So you segment, you leave the sales team acquiring new clients, and you have the customer success team, of course, making sure everything is working and upselling new products to your client base.”

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 Yuri Ferber

Disclosure
Ferber: Britech Global's Brazil venture debt carries an 18% annual interest rate
“It's like it's like 18% a year.”
Yuri Ferber Sep 29, 2021 ▶ 16:07 Britech SaaS For Financial Firms Hits $10m ARR, up 70%, on just $3m Raised
Insight
Ferber: Expanding products within the same ICP enables cheaper upselling and higher retention
“When you go to the next product, very important if you stay in the same ideal customer profile. Because it's, it will be easier to sell to the same client than to acquire a new client. It's always this. So staying in the same customer ideal customer profile It…”
Yuri Ferber Jul 13, 2023 ▶ 2:32 Top 3 Considerations When Growing Your Business from Single Product to Multi-Product
Insight
Ferber: Cross-product data consumption creates customer lock-in and mitigates SaaS churn
“When you have multiple products, The same client, using your multiple products, you're, you start locking up your clients. So, usually one product consumes data from another product, and this creates a lockup and it's great for, mitigate your churn”
Yuri Ferber Jul 13, 2023 ▶ 3:08 Top 3 Considerations When Growing Your Business from Single Product to Multi-Product
Insight
Partner before acquiring to validate SaaS product fit without upfront capital
“So, the advantage of the, of doing this way is that you don't need money to acquire these guys as when you buy the company you have to, of course use money, but if you partner now and buy later, you can experiment if that product really has a market fit with y…”
Yuri Ferber Jul 13, 2023 ▶ 6:24 Top 3 Considerations When Growing Your Business from Single Product to Multi-Product
Insight
Ferber: Domain-specific CS segmentation dramatically reduces vertical SaaS churn
“In my opinion, too, if you are a vertical B to B, you must have segmentation in your customer support and your customer success teams. This is going to, so your, both teams will need to have domain expertise on what you do. So, If they talk the same language o…”
Yuri Ferber Jul 13, 2023 ▶ 10:13 Top 3 Considerations When Growing Your Business from Single Product to Multi-Product
Insight
Ferber: Selling to Other Internal Departments Still Counts as the Same ICP
“When I say ICP, It can be a different persona inside the same company, ah, but not the same user.”
Yuri Ferber Jul 13, 2023 ▶ 15:30 Top 3 Considerations When Growing Your Business from Single Product to Multi-Product
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 2,600 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.