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Insights, Marketing
Setting a goal to add $100,000 in monthly recurring revenue (MRR) is ambitious, but without knowing the input required, it’s just a wish.
Most SaaS founders or marketers focus on their revenue targets but don’t bother to break them down into actionable input targets.
If you’re not clear on how many MQLs, SQLs, cold emails, ad spend, campaigns etc you need, you’re flying blind.
Let’s work through an example…
To reach your additional $100K MRR target, reverse-engineer the process. Here’s how to break it down:
If your average revenue per customer is $3,000 per month, you’ll need 34 new customers to hit your goal.
If your close rate is 40%, you’ll need 85 sales calls, demos, or free trials to land those 34 deals.
If 50% of SQLs convert to a sales call, you’ll need 170 SQLs to generate enough calls to close 34 deals.
To hit your target, let’s assume 50% of revenue comes from inbound marketing and 50% from outbound sales efforts. That means you’ll need to generate 85 SQLs from inbound marketing and 85 SQLs from outbound sales.
Now, let’s break down how to achieve these SQL numbers.
Outbound sales is about direct, targeted outreach to prospects. Here’s what it looks like:
Inbound marketing drives leads through engaging content and well-optimised campaigns. Here’s what it takes to hit 85 SQLs via inbound:
Ad Spend: With a cost per SQL of $500, you’ll need $3,500 in monthly ad spend to generate 85 SQLs to hit your annual target.
Content Creation: High-quality content is critical for nurturing leads into SQLs. I’d recommend:
1–2 lead magnets (eBooks, webinars, scorecards etc) per month
Inbound efforts should complement outbound sales, creating a balanced, scalable funnel.
With your numbers in place, you can begin identifying where your funnel might be underperforming. Here’s how to pinpoint and address issues:
If one stage of the funnel is consistently underperforming, it will drag down your entire process. Use analytics to monitor performance and focus resources on the weak link.
By continuously evaluating each stage, you can fix inefficiencies and ensure every part of the funnel contributes to your revenue target.
If your inbound marketing efforts aren’t delivering, me and my agency, Rocket SaaS, can help.
Whether you are a founder with no in-house marketing resources or if you’re a marketer and desperately need support, Rocket SaaS can slot into your team and empower you with marketing strategy, content, LinkedIn/Google Ads, lead magnets and website updates.
Book a marketing strategy call with me to discuss.
Receive actionable SaaS marketing ideas to implement in your business
By Ryan James