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How I Grew Factors.ai by 6x by Prioritizing Strategic Marketing Initiatives

Sri Swaminathan · Factors.ai

Published September 6, 2024
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Sri Swaminathan explains how Factors.ai pursued founder-led marketing and strategic channel initiatives to grow. The session covers LinkedIn participation, live sessions, partnerships, events, and automating SDR work so sellers can focus on creative outreach.

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Build visibility through consistent LinkedIn participation

“scale for us to actually get in through we also Focus on getting top marketing analytics Voice top uh uh product marketing or any other B2B marketing ABM marketing leadership voice Etc this is actually a little more easier hack within LinkedIn so LinkedIn actually asks for like comments on specific posts and specific places where you can if you consistently comment on that it's basically like if you cons comment on more than 20 articles you would be actually pushed up as a top marketing”

Use live sessions to generate demos

“once you start doing it the live attendance metric starts going up and most importantly your actual buyer personas who see your LinkedIn live either directly or later then they come back and ask for Demos in multiple ways like can you give me a demo can you this thing this happens in multiple sets this alone has generated more than 100 customers for us close to 800k in Revenue which is almost a zero paid channel for us which is the part which I talked”

Invest in partnerships and events

“Champion across globally and this is something which we started working on very early and that started showing results this is in parallel with our paid marketing and other efforts which we are doing but after one and a half years we started showing efforts this is one of them secondly like 2023 we went to the Mumbai Office that's when we started doing some events and sessions with them making sure that we show some value for them sorry and the other one was”

Automate tasks so SDRs can sell

“at any point in time you can't afford to have more than like say three four SDR and it's like at a certain stage which is there and SDR have to to spend more time selling which is like creatively finding out like what is the kind of a better email which they can write what is a better sequence they can write what's a better LinkedIn messaging or content who they have to connect rather if you automate most of their tasks what you get is like they can work at 2 or 3x their capability levels in one sense so you are basically automating the task of”

Transform the marketing team

“Founders prioritizing marketing Hiring the Head of Marketing Before & After Team Structure Transforming the Marketing Team FOUNDER-LED HIRING THE TEAM STRUCTURE”

Balance planned and experimental channels

“Channels that worked for us 80% planned, 20% experimental Preparing to sell to enterprises Let’s jump into Section 2 I’m going to show you MARKETING STRATEGY PLANNING MOVING UPMARKET”

Move upmarket with product marketing

“Going Upmarket Core Product Enhancements 4X price increase; moved from smaller to large enterprise companies Leveraging product marketing and transforming sales and partnerships”

Build a co-sell partnership

“Partnering with G2 Met G2 stakeholders in SaaStr 2023 Attended multiple meetings and events with G2 Signed Partnership Co-sell motion with G2 sales team”

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About the speaker
Sri Swaminathan

Sri Swaminathan

Co-Founder · Factors.ai

CEO of Factors.ai, a B2B marketing analytics platform that provides businesses with data-driven insights to improve their campaigns.

Company revenue
$7.5M

Slide text

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22 passages

Strategic marketing initiatives

  1. SaaSOpen, September 2024 How I Grew Factors.ai by 6x by Prioritizing Strategic Marketing Initiatives Sri Swaminathan Co-Founder & CEO, Factors.AI

  2. Over the next 20 minutes I’m going to show you TEAM Founder-led marketing Hiring a Head of Marketing Team structure - before and after STRATEGY SALES & PARTNERSHIPS Channels that worked for us 80% planned, 20% experimental Moving upmarket G2 and LinkedIn partnerships Communities and agencies Eating our own dog food

  3. Our Revenue Growth

  4. Factors.ai Revenue Growth In Q1 2023, we pivoted from an analytics tool to an account intelligence and activation platform Q1 2023

Building the marketing team

  1. Founders prioritizing marketing Hiring the Head of Marketing Before & After Team Structure Transforming the Marketing Team FOUNDER-LED HIRING THE TEAM STRUCTURE

  2. Leveraging Founder and Employee Brands on LinkedIn

  3. Hosting and speaking at various events 2023-24

  4. Building a 10x Marketing Team Hiring a Head of Marketing Hiring for two critical roles - Product Marketing and Demand Generation Hiring 10x marketers is more important than 10X engineers today Head of Marketing Product Marketing Demand Generation Growth Marketer Social Media Content Marketing Developer Marketing Designer Co-founder Product Marketing Consultant Demand Generation (in-house) Social Media (in-house) Content Freelancers + in-house Co-founder Before After

Planning channels and strategy

  1. Channels that worked for us 80% planned, 20% experimental Preparing to sell to enterprises Let’s jump into Section 2 I’m going to show you MARKETING STRATEGY PLANNING MOVING UPMARKET

  2. Channels that Have Worked for Us Paid (but relying on just this will get you in trouble) Socials (high value content and lives) Content (200+ blogs, ~26k unique visitors)

  3. Betting big on LinkedIn Lives

  4. 80% Planned Efforts, 20% Experiments LinkedIn AdVisor - built by a dev in 1 day Successful experiments can turn into full-fledged strategic initiatives Incentivize team by including experiments in OKRs

Moving upmarket

  1. Going Upmarket Core Product Enhancements 4X price increase; moved from smaller to large enterprise companies Leveraging product marketing and transforming sales and partnerships

  2. G2 and LinkedIn partnerships Agencies, and communities Eating Our Own Dog Food Let’s jump into Section 3 I’m going to show you PARTNERSHIPS AFFILIATE SALES

  3. Partnerships is a Long Game Built over multiple meetings with multiple stakeholders You need one champion on the partner side But if done well, it can unlock tremendous growth

  4. Use this Slide to Feature And use these points to summarize Bold key points Research Design One of your reporting dashboards Meeting with the LinkedIn Team 2023, LinkedIn office, Mumbai

Partnering with G2

  1. Partnering with G2 Met G2 stakeholders in SaaStr 2023 Attended multiple meetings and events with G2 Signed Partnership Co-sell motion with G2 sales team

  2. Partnering with Agencies Not just partnerships, but building good relationships Co-creating content on LinkedIn Adding 2-3 agencies/month

  3. Intent-based Sales Workflows Hiring a Sales team - Head of sales, 2 sdrs, 3 AEs, 1 partnerships sdr Using intent data, account scoring and best-in-class sales tech Adding 150k-180k every month

  4. Eating our Own Dog Food Use Callouts Like this for key points. Caveat font.

  5. Over the last 20 minutes, I showed you: … with real examples! SECTION 1 Founder-led marketing Hiring a CMO Team structure - before and after SECTION 2 SECTION 3 Marketing strategy 80% planned, 20% experimental Going Upmarket G2 and LinkedIn Partnerships Communities and Agencies Hiring a Sales team

  6. SaaSOpen, September 2024 Thank you! [redacted email] Sri Swaminathan Co-Founder & CEO, Factors.AI