Transactional Sales

Because of a change, I am in a situation where I have a lot more transactional deals.

It is completely different than enterprise sales. Sometimes the deal cycle is only a few weeks. Sometimes an email exchange is enough for an upsell.

These are also my learnings:

  • To be successful in transactional business, everything has to run like a machine: many meetings, many opportunities, many deals - there are a lot of parallels with the BDR job.

  • There is often no re-negotiation: sometimes there is only one chance - if the price is too high, the deal is dead.

  • Price is a significant driver of the deal, sometimes the most significant.

  • Value Selling is of little interest for small transactions, often the decision is made on the basis of soft factors; nevertheless, I am convinced that Value Selling can be a game-changer when applied correctly.

  • It is damn hard to outperform: many small deals make it very difficult to break the quota: there are few chances to catch a “whale” that makes the quota explode.

  • Transactional SaaS customers are often not sticky, the retention rate for small customers is often low.

What are your thoughts/experiences on this?