In this guide, we gathered eight brilliant SaaS ideas from leaders in the niche. We’re sure some of these tactics will work out for your product, too!
Still in doubt about using your personal brand for your SaaS product? You shouldn’t be. A strong personal brand helps you:
For Neil Patel, an American digital marketing entrepreneur, a strong personal brand is a way to boost his SaaS marketing efforts. He launched numerous tools for internet marketers and SEO specialists, including KISSMetrics, Crazy Egg, Hello Bar, and Ubersuggest.
Neil has a personal website where he shares useful blog posts, consultations, videos, and a newsletter to gather a loyal audience and promote software Ubersuggest.
It may be hard to believe, but 38 of the biggest 250 SaaS companies still don’t have a blog. This means that these businesses miss the opportunity to organically attract their target audience, educate their readers, and create an expert image among them.
As the core element of an IT marketing strategy, one of the most popular CRM software, Hubspot, uses content marketing to generate qualified leads, educate a vast audience – from digital marketers to HR – with expert content, and reinforce their brand of experts.
In addition to a blog, free guides, and free consultations, HubSpot launched their HubSpot Academy with courses and certifications in a variety of domains. To provide social proof, Hubspot regularly shares its customers’ success stories.
Sharing expert content doesn’t necessarily involve creating new text from scratch. You can repurpose your existing content into whitepapers, Slideshare presentations, webinars, and more.
For example, Moz, a marketing analytics tool, repurposed their content into handy infographics, checklists, and ebooks to strengthen their reputation as SEO experts and promote software suites they make.
Co-marketing with other SaaS businesses is a win-win IT marketing strategy. You get an influx of a target audience from your partner, boost your publicity, improve your brand sentiment, and cross-promote your offerings.
Besides, co-marketing doesn’t mean that you have to create a brand new product like with co-branding. You simply join forces with another SaaS business to promote your existing products or services.
Again, we mention Hubspot that united with an AI chatbot Chatfuel to promote educational content on building a chatbot. This is a good example of a partnership to seamlessly promote their software and win a loyal audience.
Referral marketing or so-called word-of-mouth marketing helps businesses acquire new users through existing customers. Referral marketing helps constantly acquire new users, retain them, and grow a customer base.
If you don’t know, Dropbox was a pioneer of referral IT marketing. They created sign-up driven landing pages, shared referral promo codes, and implemented refer-a-friend tactics before it became mainstream.
Today, referral marketing is versatile.
For example, Evernote motivates its users to earn points for every referred friend that can be exchanged for a premium subscription plan.
Another SaaS, Typeform, takes a different approach. The company reduces users’ bills by 10% for every referred friend who upgrades to their PRO and PRO+ plans. Such restriction allows Typeform to increase their average bill and grow a customer base of pro clients.
Without a positive customer experience (CX), your SaaS marketing efforts simply won’t work to their fullest. SaaS companies that invest in CX, get a chance to double their revenue within three years. Pleasant customer experience leads to happy customers willing to spend more and recommend the service or a product to their friends.
One of the sure ways to boost your customer experience is to provide excellent customer support. Here are the actionable SaaS ideas for improving your support system:
That’s how Fastly, a cloud platform, nailed it with shared channels on Slack to speed up communication between users and a support team. Users jump on the channels to simply mention a @support or the point of contact and ask a question right away. As a result, Fastly efficiently reduces friction between users and a support team as well as boosts communication.
Even though this topic is worth a separate article, let’s try to uncover this one.
Here are a few best practices from savvy SaaS companies to come up with a well-thought pricing plan:
Free product trials are an essential part of any SaaS marketing strategy. They allow you to let users test the waters first, get valuable user data, and a chance to convert them into loyal users after their trial is finished.
On the other hand, it’s hard to keep users even with a brilliant product. The churn rate even in renowned SaaS companies is astounding: almost 75% of users cancel their subscriptions before they’re charged.
So, how do you manage users’ expectations with free product trials?
Make sure you clearly state the value propositions. That will help you attract qualified leads sincerely interested in your product and meet their expectations. Wayne Mulligan, a co-founder of Crowdability, says: “Do not offer a free trial when your customer can’t get a complete picture of how your product benefits them during a reasonable free trial period.”
A product demo either closes the deal or breaks it.
Even though there’s no silver bullet for creating a highly convertible product demo, there’s one sure-fire way. Build your demo around the user’s pain points and benefits rather than features.
Remember Theodore Levitt’s saying, “People don’t want to buy a quarter-inch drill. They want a quarter-inch hole!”
This rule is applicable to product demos as well.
Close.io, a CRM tool, recommends starting your product demo speech with a killer feature to hook a user and don’t wait till the end to present the most interesting feature. That’s how you’ll be able to keep them focused and achieve your presentation’s goal.
There isn’t a right or wrong way to craft a SaaS marketing strategy. Just like with any type of marketing, you have to build lots of hypotheses and test them to create your own success recipe. In this blog post, we reviewed some of the most popular SaaS ideas with examples. So, get inspired, and don’t be afraid to experiment!
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