5050created by:
in the U.S.
Fastest-Growing
B2B Companies
State of Sales & Marketing
The
at the
In July of 2016, Mattermark and Drift teamed up to identify the 50
fastest-growing B2B companies in the U.S. using Matterm...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies3
How we built the list of the 50 fastest-growing
B2B companie...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies4
00 Introduction
01 Content
02 Communication
03 Path to Purch...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies5
“Theory is splendid
but until put into practice,
it is value...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies6
Today’s B2B sales and marketing professionals are bombarded ...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies7
For this report, we relied on a combination of qualitative a...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies8
Content
“Content builds relationships.
Relationships are bui...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies9
With the rise of inbound marketing and
content marketing, co...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies10
80% (40 out of 50) of the fastest-growing
B2B companies mai...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies11
44% (22 out of 50) of the fastest-growing
B2B companies off...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies12
Of those 22 high-growth companies that
offer downloadable c...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies13
These differences in content accessibility highlight an imp...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies14
Key Takeaways for Your Business:
Content educates people ab...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies15
Communication
“These days, people want to learn
before they...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies16
Based on our research, 80% of the fastest-
growing B2B comp...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies17
22% (11 out of 50) of the fastest-growing B2B
companies hav...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies18
Of the 11 companies using live chat, 5 are
also using gated...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies19
By choosing to display a chat widget
on particular pages, c...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies20
Of the 11 companies using live chat, 3 show
photos of the e...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies21
Key Takeaways for Your Business:
If content is a gateway, c...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies22
Path to Purchase
“Our jobs as marketers are to
understand h...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies23
The experience prospective customers
have when they land on...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies24
62% (31 out of 50) of
websites have primary
CTAs directing ...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies25
Of course, many of the companies that have product-focused ...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies26
Of the 31 companies that use primary
CTAs to lead prospecti...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies27
A free trial or freemium version of a product can be a driv...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies28
7 offer free (time-restricted) trials.
4 offer “free foreve...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies29
Key Takeaways for Your Business:
When it comes to getting p...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies30
Pricing
“Make your product easier to
buy than your competit...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies31
Research shows that a majority of
prospective customers con...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies32
Of the 20 companies that make their pricing
public, 14 use ...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies33
Of course, even companies with public
pricing pages don’t n...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies34
Why do companies treat selling to the enterprise differentl...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies35
Key Takeaways for Your Business:
Pricing is important for b...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies36
Final Thought
“Growth is never by mere chance; it is
the re...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies37
The goal of this Report isn’t to establish new, etched-in-s...
State of Sales & Marketing: 50 Fastest-Growing B2B Companies38
Mattermark collects & organizes
comprehensive information o...
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The State of Sales & Marketing at the 50 Fastest-Growing B2B Companies

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There’s a lot of information out there for sales and marketing professionals. In fact, as our friend Erik Devaney at Drift.com points out, a quick search of the term “sales and marketing advice” yields more than 90 million results on Google.

What’s more, there are tons of industry influencers who, on a regular basis, share their views on everything from content marketing and sales, to pricing and customer success. It’s a noisy conversation, and for many, a confusing one.

So, how do you make sense of it all?

By focusing on the sales and marketing efforts that actually produce results, not flash-in-the-pan engagement. But finding those results is a little challenging. That’s why we decided to put together our latest report with Drift.com, The State of Sales and Marketing at the 50 Fastest-Growing B2B Companies.

Using Mattermark data, we were able to identify the fifty high-growth companies in the U.S. and evaluate their marketing activities to understand which practices really moved the needle. In order to make the qualitative portion of our research more tangible, we evaluated each company on the list in light of how they approached content, customer communication, path to purchase, and pricing.

What we and the team at Drift.com discovered was surprising, to say the least.

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The State of Sales & Marketing at the 50 Fastest-Growing B2B Companies

  1. 5050created by: in the U.S. Fastest-Growing B2B Companies State of Sales & Marketing The at the
  2. In July of 2016, Mattermark and Drift teamed up to identify the 50 fastest-growing B2B companies in the U.S. using Mattermark data. By analyzing these successful companies, we hoped to uncover the sales and marketing strategies that are most effective for driving growth.This Report details our findings and offers insight into how you can leverage them to drive growth in your organization. created by:
  3. State of Sales & Marketing: 50 Fastest-Growing B2B Companies3 How we built the list of the 50 fastest-growing B2B companies Data is only useful if it’s easy to access and highly actionable. That's why we used Mattermark to search more than 1.5 million companies to build a rich list of the fastest- growing businesses in the United States. By leveraging a key set of data points that we believed are indicative of business growth, we whittled results down further to arrive at the 50 we evaluated for this Report. The Top 3 1. Upwork 2. WeWork 3. Slack
  4. State of Sales & Marketing: 50 Fastest-Growing B2B Companies4 00 Introduction 01 Content 02 Communication 03 Path to Purchase 04 Pricing 05 Final Thoughts . . . pg 5 . . . pg 8 . . . pg 16 . . . pg 22 . . . pg 30 . . . pg 36 Table of Contents
  5. State of Sales & Marketing: 50 Fastest-Growing B2B Companies5 “Theory is splendid but until put into practice, it is valueless.” - James Cash Penney (founder of J.C. Penney) Introduction
  6. State of Sales & Marketing: 50 Fastest-Growing B2B Companies6 Today’s B2B sales and marketing professionals are bombarded with tips and tricks about what they should be doing to drive customer and business growth. And with so many different resources and growth tactics to choose from, it can be hard to separate the good advice from the bad. So, what if instead of relying on the opinions of industry influencers for your sales and marketing insights--or on the claims of product evangelists--you could learn directly from what today’s most successful B2B companies are actually doing?
  7. State of Sales & Marketing: 50 Fastest-Growing B2B Companies7 For this report, we relied on a combination of qualitative and quantitative analysis to create a snapshot of the sales and marketing tactics most effective for driving growth and success. Using Mattermark data and evaluating companies based on a profile of typical growth indicators like employee headcount, funding, social traction, and web traffic, we’ve created a starting point for evaluating if the strategies used by these successful businesses could also be applicable to your company.
  8. State of Sales & Marketing: 50 Fastest-Growing B2B Companies8 Content “Content builds relationships. Relationships are built on trust. Trust drives revenue.” - Andrew Davis (author of Brandscaping)
  9. State of Sales & Marketing: 50 Fastest-Growing B2B Companies9 With the rise of inbound marketing and content marketing, content has become the cornerstone of many modern B2B marketing operations. Here’s how it typically works: Blogging drives top-of-the-funnel traffic to a company’s website. From there, calls- to-action (CTAs) encourage visitors to download content (e.g. ebooks, whitepapers, and templates) so they can learn more about a particular topic. This process can be repeated and scaled by marketing teams to include a wide variety of tactics at every stage of the funnel, but the end goal is always the same: to add value and build relationships that drive revenue for your business. The majority of companies we looked at use content to drive demand and educate their target audiences.
  10. State of Sales & Marketing: 50 Fastest-Growing B2B Companies10 80% (40 out of 50) of the fastest-growing B2B companies maintain a blog and/or online publication.
  11. State of Sales & Marketing: 50 Fastest-Growing B2B Companies11 44% (22 out of 50) of the fastest-growing B2B companies offer downloadable content, like ebooks or whitepapers. No downloadable content Offer downloadable content
  12. State of Sales & Marketing: 50 Fastest-Growing B2B Companies12 Of those 22 high-growth companies that offer downloadable content, 14 of them gate this content, which means you have to fill out a form (or complete some other task) before you can access it. The other 8 companies leave their content ungated: You can download it by clicking a button or link -- no form required. No downloadable content Ungated Gated Offer downloadable content 28% (14 out of 50) of the fastest-growing B2B companies use gated content. 16% (8 out of 50) offer ungated content.
  13. State of Sales & Marketing: 50 Fastest-Growing B2B Companies13 These differences in content accessibility highlight an important, ongoing conversation in sales and marketing: Should required forms and lead capture remain central to what we’re doing? Or are there other ways we can communicate with prospective customers once they’ve engaged with our content? For some companies, forms are being replaced or supplemented with 1:1 messaging, which allows sales and marketing teams to communicate with website visitors in real-time. (We'll explore 1:1 messaging in more detail in chapter 2.)
  14. State of Sales & Marketing: 50 Fastest-Growing B2B Companies14 Key Takeaways for Your Business: Content educates people about your product and your market. Leverage it with the resources you have at your disposal, whether that’s through blogging, webinars, or another type of content that’s uniquely your own. Decide whether gating your content -- putting it behind a form -- makes sense for you. While it may work for some businesses, there are alternatives to this common practice. Scale content as your business grows. Too many businesses try to do it all at once. Instead, focus on one content type and channel at a time. As you grow your business, scale your content efforts.
  15. State of Sales & Marketing: 50 Fastest-Growing B2B Companies15 Communication “These days, people want to learn before they buy, be educated instead of pitched.” - Brian Clark (founder of Copyblogger)
  16. State of Sales & Marketing: 50 Fastest-Growing B2B Companies16 Based on our research, 80% of the fastest- growing B2B companies maintain a blog. And just under half offer downloadable resources. So there’s no denying that, for many of these high-growth companies, content plays a significant role in how they communicate with customers and prospects. But what about the people who engage with this content and then have questions? Or the people who don’t want to wait for someone to email them after filling out a form? People who want to talk to a real person right now? One solution that's emerging is 1:1 messaging, which allows prospects and customers to have 1:1 conversations with support reps, sales reps, and other employees via a "live chat" widget on a company's website. Live chat provides an additional channel of communication for customers and prospects.
  17. State of Sales & Marketing: 50 Fastest-Growing B2B Companies17 22% (11 out of 50) of the fastest-growing B2B companies have a live chat widget on their website.
  18. State of Sales & Marketing: 50 Fastest-Growing B2B Companies18 Of the 11 companies using live chat, 5 are also using gated content. Live chat gives companies the ability to talk to their website visitors 1:1 and answer their questions in real-time -- as opposed to making them fill out forms or talk on the phone. But that’s not to say that these approaches are mutually exclusive. Of the 11 companies using live chat, 5 are also using gated content as a way to capture leads (2 of the 11 provide ungated content, and the remaining 4 don’t offer downloadable content).
  19. State of Sales & Marketing: 50 Fastest-Growing B2B Companies19 By choosing to display a chat widget on particular pages, companies can qualify their traffic and engage with visitors in meaningful ways. For example, if you've identified that lots of prospects are navigating to your pricing page, but then dropping off before making a purchase, you could focus your 1:1 messaging efforts on that particular page and answer questions in real-time, potentially boosting conversion in the process. Of the 11 companies using live chat, 8 have it on their homepage. 3 have it appear after you navigate to a pricing or contact page.
  20. State of Sales & Marketing: 50 Fastest-Growing B2B Companies20 Of the 11 companies using live chat, 3 show photos of the employees you're chatting with. There’s potential to get even more personal with customer communication by showing the actual humans who are working behind the scenes.
  21. State of Sales & Marketing: 50 Fastest-Growing B2B Companies21 Key Takeaways for Your Business: If content is a gateway, communication is the key that unlocks the rest of the customer journey. Use content to start a conversation and then help usher prospects to the right outcome. Leverage real-time chat strategically. 1:1 messaging can prove useful in providing the right guidance to a prospect or customer at exactly the right time. Use that to your advantage.
  22. State of Sales & Marketing: 50 Fastest-Growing B2B Companies22 Path to Purchase “Our jobs as marketers are to understand how the customer wants to buy and help them do so.” - Bryan Eisenberg (founder & CMO, IdealSpot)
  23. State of Sales & Marketing: 50 Fastest-Growing B2B Companies23 The experience prospective customers have when they land on your website can be crucial to whether or not they end up converting. As Slack CEO Stewart Butterfield once commented: “... even the best slogans, ads, landing pages, PR campaigns, etc., will fall down if they are not supported by the experience people have when they hit our site, when they sign up for an account, when they first begin using the product and when they start using it day in, day out.” In analyzing the websites of the 50 fastest-growing B2B companies, we found two distinct paths that companies typically try to send potential customers down. They either direct people to A) engage with the product or service in some way, or to B) engage with a salesperson or other company representative to learn more. B2B websites lead people down 1 of 2 paths: toward a product, or toward a salesperson.
  24. State of Sales & Marketing: 50 Fastest-Growing B2B Companies24 62% (31 out of 50) of websites have primary CTAs directing people to the product/service. 38% (19 out of 50) have primary CTAs directing people to talk to Sales. ProductSales Primary CTA: • Get in touch • Get a demo • Contact us • Learn more • Get started • Sign up • Get it now • Create an account
  25. State of Sales & Marketing: 50 Fastest-Growing B2B Companies25 Of course, many of the companies that have product-focused primary CTAs also have secondary CTAs for talking to Sales. And remember the 11 companies with live chat from the previous chapter? All 11 of those websites have product-focused CTAs. The takeaway: It doesn’t have to be one way or the other. Within the 50 fastest-growing B2B companies in the U.S., both tactics are employed. You can encourage people to discover the value of your product through having them experience it for themselves, and you can provide them with an opportunity to talk to a real person if that’s what they want. Regardless of the path you choose to send people down, make sure that their first experience is (as Slack's CEO recommended) a positive one.
  26. State of Sales & Marketing: 50 Fastest-Growing B2B Companies26 Of the 31 companies that use primary CTAs to lead prospective customers directly to the product -- without making them go through a sales rep first -- 18 offer some type of free trial or freemium version of their product. (The other 13 product-focused companies let prospects experience their products through videos, case studies, self-guided tours and more before they buy, but there’s no real access before a purchase is made.) 36% (18 out of 50) of the fastest-growing B2B companies offer free trials or freemium versions of their product.
  27. State of Sales & Marketing: 50 Fastest-Growing B2B Companies27 A free trial or freemium version of a product can be a driving force behind a company’s growth. It’s a model that allows prospective customers to experience first-hand how a product is going to perform, which reduces the need for canned sales pitches and aggressive tactics. As Roger Lee of Battery Ventures once wrote: “Instead of hiring a huge sales force and sending these people out to convince potential customers to buy your product -- the way Oracle, SAP, Microsoft, and even Salesforce.com built empires -- a freemium model is a perpetual motion machine through which your product sells itself.”
  28. State of Sales & Marketing: 50 Fastest-Growing B2B Companies28 7 offer free (time-restricted) trials. 4 offer “free forever” versions (customers pay for bonus features/ functionality). 4 offer free accounts / free access to a platform (customers pay for services). The remaining 3 each do something different (for example, one company gives 500 MB of free storage space). Of the 18 companies with some free component to their product ... Ultimately, a trial or freemium version of a product can have a huge effect on a customer’s path to purchase. From a sales and marketing perspective, you’re essentially removing a layer from the funnel, as people can go directly from considering your product straight to using it. However, as our research shows, the specific approaches to free trials and freemium that companies take vary widely.
  29. State of Sales & Marketing: 50 Fastest-Growing B2B Companies29 Key Takeaways for Your Business: When it comes to getting people to buy, you don’t need to reinvent the wheel. But you do have to deliver a positive experience whether that means prospects talk to a salesperson before giving it a spin, or start a trial of your product on their own. Your potential customer has pain points that brought them to your site -- help them solve them rather than offering a “hook”. Leverage freemium as a “perpetual motion machine.” Freemium may be a starting point for many of your users, but build out your version with the goal of turning those users into paying customers at a certain point in time.
  30. State of Sales & Marketing: 50 Fastest-Growing B2B Companies30 Pricing “Make your product easier to buy than your competition, or you will find your customers buying from them, not you.” - Mark Cuban (entrepreneur & investor)
  31. State of Sales & Marketing: 50 Fastest-Growing B2B Companies31 Research shows that a majority of prospective customers consider pricing to be the most important piece of information a B2B company can show on its website. But when we look at the top 50 fastest-growing B2B companies in the U.S., we find that just 2 in 5 have pricing pages that show actual prices. (We had to clarify this last point because one company had a “pricing page” with no prices -- just “contact us” CTAs under every product option.) 40% (20 out of 50) of the fastest-growing B2B companies make their pricing public. $ $ $ $ $
  32. State of Sales & Marketing: 50 Fastest-Growing B2B Companies32 Of the 20 companies that make their pricing public, 14 use tiered pricing. With tiered pricing, a company’s product or service is offered at multiple price points, with the more expensive “pro” or “ enterprise” versions typically offering more features, functionality, seats, and/ or storage space than the less expensive “basic” or “standard” versions. $ $$ $$$ Tier 1 Tier 2 Tier 3
  33. State of Sales & Marketing: 50 Fastest-Growing B2B Companies33 Of course, even companies with public pricing pages don’t necessarily make all of their pricing public. Of those 14 companies that use tiered pricing, 6 don’t list prices for the enterprise tiers of their product. Instead, prospective customers looking for enterprise pricing have to contact those companies in order to get a custom quote. Of the 14 companies with tiered pricing, 6 have CTAs prompting enterprise customers to request quotes. $ $$ Tier 1 Tier 2 Tier 3
  34. State of Sales & Marketing: 50 Fastest-Growing B2B Companies34 Why do companies treat selling to the enterprise differently than selling to everyone else? There are lots of factors, but it usually comes down to scale. Rolling out a product or service to a massive organization can be a seriously complex (and expensive) undertaking. So while being able to make unassisted purchases on a B2B website is convenient for most, enterprise customers need to be able to talk through the finer details of your product/service with a real human before they buy.
  35. State of Sales & Marketing: 50 Fastest-Growing B2B Companies35 Key Takeaways for Your Business: Pricing is important for buyers, but not quite as important for companies. A majority of the companies on our list didn’t have pricing pages on their site, even though research indicates buyers want it. Consider A/B testing a pricing page’s efficacy in driving to a specific outcome. Keep your pricing simple. If your pricing structure is unclear or a part of a friction- filled process, you need to fix it. Remove the barriers to entry for people who want your product.
  36. State of Sales & Marketing: 50 Fastest-Growing B2B Companies36 Final Thought “Growth is never by mere chance; it is the result of forces working together.” - James Cash Penney (founder of J.C. Penney)
  37. State of Sales & Marketing: 50 Fastest-Growing B2B Companies37 The goal of this Report isn’t to establish new, etched-in-stone B2B sales and marketing benchmarks, or to prove that one tactic or approach is superior to another. By sticking to a sample size of just 50 companies (the fastest-growing ones), we wanted to take a data-driven but qualitative snapshot of the field and find out what we could learn. We hope you’ve come away with more insight into what modern B2B sales and marketing looks like, as well as ideas for how you can accelerate the growth of your business.
  38. State of Sales & Marketing: 50 Fastest-Growing B2B Companies38 Mattermark collects & organizes comprehensive information on the world’s fastest growing companies. Get actionable data that lets you pinpoint the companies and people you need to know. Drift is a messaging app that helps you grow your business. Talk to your website visitors, convert more leads, and keep your customers happy. Thanks for reading Learn more about Mattermark. Learn more about Drift.

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