Transforming Print Bliss From Consumer To Enterprise: $300 Per Order To $40,000+ ARR Per Customer
Case Study: Scaling Print Bliss to New Heights – Doubling Profit Margin, Sales Revenue, and Shifting to High-Value Subscriptions
Objective: Help Print Bliss scale their revenue into the millions by creating a scalable business model and measurable sales strategy, increasing pricing, redefining their scope of work, creating a sales team strategy & compensation model, and increasing their profit margin while removing inefficiencies.
Challenge: Restructuring a business model, creating a team strategy, compensation model, and supporting the recruitment of new team members, including members of the management and sales team, while figuring out how to increase revenue and profit.
Strategy:
- Complete a business, finance, and sales audit to determine adjustments needed in the scope and pricing of services for sustainable scalability.
- Create sales systems and infrastructure, including a lead scoring system, sales performance tracker, CRM, target customer profiles, client acquisition and retention strategy, commission structure, team structure, and more.
- Support the CEO in implementing strategies and establishing a management team to continue scaling and expanding the business.
Results:
Within the first 12 months of S.A.C. working as a sales and growth consultant for Print Bliss, the following milestones were achieved:
- Doubled monthly revenue from $25K to over $50K, with a 2x increase in profit margin, while simplifying the process and work behind fulfilling services.
- Refined Print Bliss’ target audience from individuals making small $300 orders to mid size business and enterprise customers with 5 and 6-figure premium pricing for annual subscriptions. This new subscription model led to an over 100x increase in ACV with 5 and 6-figure ARR annual agreements.
- Established a team growth strategy, supported onboarding and training of a COO, sales team, and overall expansion strategy to duplicate digital apparel printing centers for company growth.
- Helped the CEO clarify and refine the company’s long-term business and sales goals, creating a clearer direction for the company and team with exciting opportunities and growth potential.
Key Takeaways:
- Conducting a comprehensive business audit can uncover opportunities for growth and optimization, resulting in increased revenue and profit margins.
- Refining target audiences and focusing on higher-value clients can lead to significant improvements in deal sizes and overall sales revenue.
- Implementing a robust sales infrastructure and team strategy can support the sustainable growth of a company while ensuring the sales process remains efficient and effective.
- Providing clear long-term goals and direction for the company is essential in maintaining team motivation and fostering a culture of growth and innovation.
About Print Bliss: Print Bliss helps companies produce premium apparel on a recurring schedule with expert creative support so they can tell the story of their brand through garments. Learn more at https://printbliss.io/