Winning by Design (WbD) released an updated version of its Bowtie Model, a Customer Journey Model and Data Model that extends the traditional marketing and sales funnel to better represent the recurring revenue and recurring impact journey of SaaS customers.
Winning by Design and its partner BenchSights have also updated their Bowtie Benchmarking Tool, available to anyone in the industry. Lastly, Winning by Design has released a new Bowtie Executive Experience Workshop to align executives and GTM Teams around optimizing the recurring impact journey of their clients.
Bowtie Model
Winning by Design’s revised Bowtie Model highlights a deeper understanding of selling and the associated costs. It includes representations of essential components in achieving a profitable business model, and it is augmented to map to various Go To Market motions from No Touch to Dedicated Touch.
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WbD developed the Bowtie Model to serve as a common language and data model for recurring revenue businesses. In this latest edition of the Bowtie Model, metrics can be mapped against different Go To Market (GTM) motions including:
- No Touch: GTM where customers are accustomed to accessing products on their own via self service.
- Low Touch: GTM that primarily employs technology for marketing, sales and support, with personal engagement reserved for complex scenarios.
- Medium Touch: GTM that involves a sales development representative (SDR) qualifying a prospect before passing them to an account executive (AE).
- High Touch: GTM where account managers (AMs) manage large accounts, often with support from sales engineers or solution architects.
- Dedicated Touch: GTM with one team focused solely on a single large Fortune 500 account, often managed by an executive who reports directly to the CEO.
Whether you have a single product with multiple GTM motions, or multiple products, each with its own GTM motion, it is essential to recognize that each GTM motion presents a unique offering with its own Bowtie and cost model, almost like a distinct product.
“Winning by Design has always stood for ‘architected revenue’ and ‘growth by design,’ and we feel 2024 is the moment for that approach. We call it Revenue Architecture, and over the past year we have quietly certified over 2,000 GTM executives to help recurring revenue businesses achieve sustainable growth. CEOs, CROs, CMOs, VPs of Revenue Operations, VPs of GTM Strategy, VPs Sales, VPs Marketing, and VPs Customer Success have taken our 8-hour course with the accompanying certification exam,” said Jacco van der Kooij, founder of Winning by Design.
SOURCE: Businesswire