Yesterday’s CEO mastermind discussed the relevance of “Product Market Fit” in a B2B SaaS context.
Here’s the thing
In a B2B SaaS context, companies don’t buy just the product, i.e., the sum of the features – that’s just an element of the whole package.
What your customers buy is this:
- Your approach to helping them go live in the shortest amount of time
- Your methodology to enable them to achieve maximum value fast
- Your guarantees around support, compliance, privacy, security, etcetera
- Your business model and how that translates into value
Too often, we obsess over the features and the UX – and ignore the ingredients that determine whether a customer actually wants to do business with us.
- It stalls (or kills) sales velocity
- It kills margin due to a high-touch non-scalable post-sale process
- It fuels churn to do unwanted surprises post-sale
Key takeaway: In B2B SaaS – aim for Business Market Fit, not just Product Market Fit
Question for you to reflect upon
On a scale of 1-10: How would your ICP rate the business market fit of your SaaS business if you’d ask them?
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