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3 Product-Led Strategies I Used to Generate $1B In Self-Serve Revenue For My Clients

Why founders got 80% of PLG results: a clear market position, an intentional free model, and the Bowling Alley framework

Wes Bush · ProductLed

Published September 6, 2024
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What you’ll learn

Topics covered: It's warmer now so thanks everybody today I'm going…; Participating Liars you're one of them so just think…; Golden standard this is what we want we want….

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It's warmer now so thanks everybody today I'm going…

“it's warmer now so uh thanks everybody today I'm going to be talking about three product L strategies that I use to generate over a billion dollars in self-served revenue for our clients and so I am going to try and blast through everything but I want to give you a little hints yes if you know me I wrote the book on product Le growth this is going to involve a little bit of product Le growth in order to get that amount of Self Serve Revenue but here's the thing product growth it's only half of t”

Participating Liars you're one of them so just think…

“participating Liars you're one of them so just think about what that looks like for you because the goal here with the winning strategies you have to be in the position where you're like okay we are the obvious choice in one part of the market so this I kind of ripped off of the book essentialism which if anybody's read it fantastic book you can take a lot away from just the cover of the book because it it is this actually and a bad strategy is a lot like this one where it's like okay we're goin”

Golden standard this is what we want we want…

“golden standard this is what we want we want people to actually pick up that flower and actually level up they're able to do something that they weren't able to do before they can actually attribute like a a meaningful difference in their life between your product signing up that free product and actually doing something now if you're like uh usually this happens to VC back companies there's the other alternative where it's like you go way too far on the spectrum of what you give away for free y”

Product he was like I don't quite know so…

“product he was like I don't quite know so then he uh went into mix panel he tried to like rumage through numbers he came back to me was like Wes um yeah we have this one step that they have to do before they go into the product it's the the email verification step and 27% of people don't ever even do this step and go into the product I was like interesting I mean I've seen this before but like that's a that's a lot of people you're missing out on and so we decided”

Experience across PLG clients

“Why I’m here?👋 Wrote the bestselling book on Product-Led Growth Helped 400+ SaaS companies generate $1B+ in self-serve revenue Consulted for Boomi, Keap, Microsoft and other Fortune 500 companies on PLG 9 years JUST working on PLG”

PLG is a company strategy

“They treated PLG as a “product” thing and not a “company” thing”

Becoming the obvious choice

“How clearly are you the obvious choice for customers in your market? 🔥 Barely Noticeable Fairly Apparent Universally Recognized”

Making the free model intentional

“How intentional is your free model? 🤔 We Guessed Mediocre Model Perfect Free”

Making signup and upgrades effortless

“How easy is it to sign up, get to value, and upgrade? ❤️‍🔥 Difficult Smooth Effortless”

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About the speaker
Wes Bush

Wes Bush

CEO · ProductLed

Company revenue
$1M

Slide text

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35 passages

Product-led growth beyond the product

  1. $1B In Self-Serve Revenue For My Clients 3 Product-Led Strategies I Used to Generate

  2. Hint: Product-led growth😉

  3. Yet, PLG is only half of the story. 😔

What founder-led PLG gets right

  1. Why I’m here?👋 Wrote the bestselling book on Product-Led Growth Helped 400+ SaaS companies generate $1B+ in self-serve revenue Consulted for Boomi, Keap, Microsoft and other Fortune 500 companies on PLG 9 years JUST working on PLG

  2. 324 customers… 😖

  3. 80% were senior product folks…

  4. 20% were founders…

  5. Which group do you think generated 80% of the results? (measured by self-serve revenue and success launching a PLG motion)

  6. Founders

  7. Why?

  8. Surface Level PLG 🤔

  9. The product folks forgot everything that supports PLG 😶

  10. They treated PLG as a “product” thing and not a “company” thing

Becoming the obvious choice

  1. How clearly are you the obvious choice for customers in your market? 🔥 Barely Noticeable Fairly Apparent Universally Recognized

Designing the free model

  1. How intentional is your free model? 🤔 We Guessed Mediocre Model Perfect Free

  2. + =

  3. + =

  4. + =

  5. + =

  6. Will upgrades increase?

Creating frictionless onboarding

  1. How easy is it to sign up, get to value, and upgrade? ❤️‍🔥 Difficult Smooth Effortless

  2. Snappa.com Example.

  3. Snappa.com Example.

  4. Snappa.com Example.

  5. Why did more users upgrade? 🙃

  6. The Bowling Alley Framework

  7. The Bowling Alley Framework

  8. The Bowling Alley Framework

  9. Where to go from here?

Five steps forward

  1. Step 1 Recognize that PLG is only half of the story

  2. Step 2 Build a Winning Strategy

  3. Step 3 Design an Intentional Model

  4. Step 4 Craft Frictionless Onboarding

  5. Step 5 Build a Product-Led Organization

  6. First 5 people to scan the QR code on the next page will get my new Product-Led Playbook completely for free. Ready? 🙋