A Innovator Struggles to offer Software Meant to Aid Sales
Yesware's Matthew Bellows on His Ironic Concern
By JOHN GROSSMANNAUG. 20, 2014
Matthew Bellows, chief executive of Yesware, on the roof of his Boston-based software company. His sales team foundered when planning to convert the product's cost-free users in paying customers. �
YESWARE is a four-year-old business that styles and provides software designed to make that easier pertaining to sales groups to record and examine essential info. Released in overdue 2012, Yesware's basic variation, which can be downloaded free, quickly attracted much more than 100, 500 users. Simply by early 2013, even with a newly chosen 10-person sales force, Yesware's sales were abysmal and the company had but to turn a profit, casting a pall over pending initiatives to raise investment capital. Because he was struggling to trade a product made to make revenue easier, Matthew Bellows, a co-founder, felt like the shoemaker whose individual children protect about discalcedunshod. THE BACKGROUND Mr. Bellows and a software industrial engineer, Cashman Andrus, founded Yesware in 2010 to enhance upon existing customer relations software and address issues that Mr. Bellows had experienced throughout his 15-year career managing revenue teams.
" As a product sales manager, ” Mr. Bellows said, " I want to find out all the discounts my sales team is focusing on — ensure they're basically following up on every single one, make them if I may with support, tips, opening paragraphs or various other ideas for how you can reach the choice makers during these companies. I want to be involved in the act. ” Although this kind of oversight requires sales agents to type updates into customer relationships systems, somewhat like police detectives pecking away upon case information back at their workstations. Sales agents hate doing it, and sales managers hate hectoring them. " Frankly, they don't do a good job of it, ” Mister. Bellows said. " They're not paid to do data entry; they're paid to close deals. ” The idea in back of Yesware, which is based in Boston and uses 48, was to...