For sales, marketing, and revenue leaders
What does Letterdrop do for you
Two outcomes:
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Win net-new competitive pipeline. Accounts already engaging with your competitors are surfaced to sales, so your team can get into deals early.
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Defend existing revenue. When one of your customers starts engaging with a competitor, your CS team gets an alert in real time to run a check-in before the renewal is contested.
It is a timing and targeting tool for competitive displacement. It points your existing outbound motion at accounts that might otherwise buy from your competitors.
What you need to make it work
Three pre-requisites for this to work:
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A working outbound motion. The signal changes who your team reaches out to, not how outreach works. Your conversion on these accounts will look like your normal cold conversion; what changes is that far more of them are genuinely in-market, not tire kickers, since they’re evaluating competitors. If your team can already book meetings and run a talk track, this multiplies it. If outbound isn’t landing yet, fix that first. We recommend swift multi-channel outreach across calls, email, and LinkedIn within 48 hrs of a signal.
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A real reason to consider you. These buyers may already be evaluating someone. You need clear differentiation and a strong offer that stands up mid-evaluation.
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Enough sales-cycle runway. The competitor signals are time sensitive. These are opps in motion and may close with the competitor unless you act fast. The more signals we see, the further a deal has likely progressed. If your competitors close deals in under 45 days, the defense outcome still applies, but interception will not.
What you need from your team
- Speed on the best signals. High and Medium priority accounts get worked within 48 hours, multi-channel.
- Coverage of the whole list. Automated sequences and marketing for the long tail, reps on the priority accounts, CS on the customer alerts.
How you’ll know it’s working
Signs the data is good that you can discover in 2 weeks:
- Volume: a healthy flow of accounts, over 30/day at least
- Multiple signals: if we see multiple signals, we can start labeling accounts as high priority. You want to see at least 10% of all accounts being marked high priority. On average, 1 in 4 of these are opps with competitors.
- Validity: You see 10 active opps in your CRM flagged by the competitor signal. These might have come inbound or from your own cold prospecting. If there is no overlap, that means you’re not working competitive deals at all today.
If you have the above and fail to see value, it is usually a sign that you need to debug your outbound execution.
The signal strengthens as you get replies and feed back what converts.
You can improve execution and expect the signal to improve over time. During the pilot, you should look for indicators that you will at least payback the cost of Letterdrop so it’s a neutral investment for you and an easy business case for your CFO. Usually, one competitive win or a saved renewal will cover the year.
Estimate the return
Plug in your own numbers. The model splits into the two plays above, defending revenue and winning net-new.
Your numbers
Edit any field. Everything below updates live. Defaults are neutral placeholders.
Conversion assumptions (type your own)
Estimate opportunities / week from a sample
Booking (getting the meeting) is a separate, lower stage than an account being in-market; the default sits near cold-outbound conversion on purpose. One competitive win or one saved renewal usually covers the year.
Is this the right fit
This is built for competitive displacement: getting into and winning deals that would otherwise go to a competitor. It fits best when you already win head-to-head deals and want more of them in front of you earlier, and when your competitive sales cycle is long enough to compete once you are in the room.
What are things customers have learned from this data?
Here’s qualitatively what customers learn:
- Competitor target market. You will see what net new accounts your competitors are prospecting and selling into that you’re not already aware of.
- Competitor job titles. You might discover that the job titles of contacts who your competitors are talking to are different from the job titles you thought you should go after.