Going upmarket

Jacco van der Kooij

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Going upmarket

The most common problem is that companies move UpStream or Downstream by just hiring additional salespeople, not contemplating the consequences for the other parts of the organization.

However, pursuing a new segment needs to be a company initiative. It may even require you to reassess your product-market fit and reimagine your GTM strategy template.

Comparing spending flexibility, you’ll find that Pro-user is cost-centric and max out at spending $1,000/yr. In Mid-Market, the value of a specific product is obscured by many other products and often you find yourself selling to only a small group or department at best.

Enterprise vs SMB: The enterprise market may use lengthy RFP/RFQ purchasing procedures based on spending thresholds and are often focused on the service offered. SMB, on the other hand, offers greater flexibility—spending anywhere from $1,000 to $100,000, and with shorter 30-90 day sales cycles as they seek immediate impact.

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