The Full Guide to Strategic Fundraising with KOLs in the Crypto Space

The Saas marketing funnel: 4 steps

8 min read
Mar 27, 2021

Developing a bulletproof SaaS marketing and sales funnel is the first step towards scaling a profitable business. Those who have this in place already are able to more effectively fill their pipeline and turn leads into customers.

Here are four steps to building a funnel that helps close more deals.

1. Identify your funnel stages

This is different for every business and there isn’t a one-size-fits-all solution. However, the stages of your funnel are absolutely critical to success. Before starting any marketing or sales activity, these stages need identifying and defining - what do they mean, who should be in them, where are they in the buyer journey. These stages can go from the initial marketing contact, all the way through to the closed sale. A brief example is below:

  • Lead - Prospect has read your blog, clicked on a case study, or opened an email.
  • Marketing qualified lead - Prospect has engaged in content, such as attended a webinar or downloaded a piece of content.
  • Sales qualified lead - Prospect has indicated an interest in buying the software by requesting pricing, booking a demo, or downloading a free trial.
  • Meeting / demo taken place - Deal created and moves into sales funnel. First demo has taken place.
  • Proposal / trial in progress - Proposal has been provided, or free trial of software in progress.
  • On hold - Deal has been stalled or delayed.
  • Closed won - Deal has been signed and becomes a customer.
  • Closed lost - Deal has been lost.

Whatever the stages in your funnel, identify them, and define them clearly with the criteria they need to be. CRM platforms such as HubSpot, Salesforce, and Pipedrive, make this an easy process, and you can track leads as they move through the funnel.

2. Work out which metrics you want to track

Of course, what you really want to know is how many closed deals there are and what is the recurring revenue associated with it. However, there is a wider picture to consider.

When it comes to revenue, you want to know how much money you need to make to become/remain profitable. You can also track things such as average deal size, the average time taken to close deals, conversion rates through the funnel, and the number of leads required if you apply the conversion rate to hit your pipeline target.

Using these metrics, you can work out how many leads you need to get at the top of the funnel to hit your revenue target. For example, if your revenue target is € 100,000 for the year, and your average deal size is € 10,000, you could look at your conversion rates and work out that, on average, you need 10 Sales Qualified Leads (SQLs) to convert 1 deal. Therefore, to reach that € 100,000 target, you’d need to close 10 deals, and you’d need to generate 100 sales qualified leads to do that.

3. Set goals and targets for each stage of the funnel

Now you know your metrics, you can work even further back to work out monthly or quarterly goals and targets you need to achieve in order to hit your revenue number. You should be as granular as possible here, covering how many calls your Sales team need to make, how many emails your marketing team should send, how many downloads of content you’d like to get, and so on. Well-defined targets enable everyone to come together in a common goal - growth.

4. Ensure Sales and Marketing alignment

Finally, given the common goal, it’s important to make sure Sales and Marketing are working together and closely aligned. Both teams should understand and appreciate the impact of the other, and the way their Key Performance Indicators (KPIs) are intrinsically linked. For instance, Marketing shouldn’t deliver leads and then wash their hands of them. Sales should always provide feedback on lead quality and prospect pains to help Marketing improve their conversion rates. If lead quality improves, then so will conversion rates for Sales. It’s all about building quality throughout the funnel and creating relevant content and offerings relevant to where each prospect is in the buyer journey.

A marketing funnel is easy to overcomplicate and, of course, there are many additional pieces of the puzzle. But at the very basic level, identify and define the stage of your funnel, do some basic maths to work out your success metrics, set goals and objectives for each part of the funnel, and ensure your Marketing and Sales teams are on the same page.

If you want to discover how you could create a SaaS funnel book a 15 minutes discovery call using this link.

Tim Haldorsson
CEO
CEO of crypto and Web3 marketing agency Lunar Strategy, involved in the crypto scene since 2017. Provides forward-thinking Web3 marketing insight as a contributor to Cointelegraph, Rolling Stone, Daily Coin, NFT Plazas, and Finance Magnates.
Jack Haldorsson
CMO
CMO at Lunar Strategy. Been in the crypto space since 2017. Jack leverages his know-how of the blockchain ecosystems and strong KOL relationships to execute result-focused strategies that amplify brand storytelling, drive awareness and grow the project sustainably with the help of Influencer relations.
Adam Westerén
Head of Sales
Adam's passion is to create self-sustainable communities in the Web3 world. He enjoys when you create a Web3 community that can grow by itself. This is what he does in his current role as Head of sales.
William Rejström
COO
As a Community Manager at Lunar Strategy, I'm passionate about finding new ways to connect people, add value and build strong community relationships.
Shann Holmberg
COO
As head of growth at Lunar Strategy, I understand the significant shift away from traditional marketing strategies that Web3 projects require.
Nick Ballanutsa
Crypto Content Creator
Crypto Content Creator, Nick is creating engaging Twitter threads & posts for leading crypto & NFT companies.
Vide Haldorsson
Influencer Manager
Influencer Manager at Lunar Strategy.
Johnny Pedro
Head of Partnerships
Head of Partnerships at Lunar Strategy, creating win-win solutions for Web3 companies. You might have heard his music on Tomorrowland from his previous ventures in the music industry.
Jarrod Frankel
Head of Community
Jarrod is responsible for the teams that provide both engaging social media content and enticing and informative articles for our clients.
Tayler McCracken
Editor at Coin Bureau
Tayler McCracken is the Editor-in-Chief of the Coin Bureau, a leading publication that provides cryptocurrency education.
Vineet Nair
Writer
As a web3 storyteller, Vineet brings a wealth of experience in content, journalism, and management, with hands-on knowledge of metaverses, NFTs, AI, and finance.
Hassan Shafiq
Lunar Strategy
Lunar Strategy.
Mairead Finlay
Writer
British writer specialising in NFTs, luxury lifestyle & travel based in Portugal. Previous publications include Business Insider, LoveEXPLORING, The Guardian and My French Country Home Magazine. Previously the SEO Editor of tech & startup website TechRound.
Sandra Vukovic
Content & Marketing Specialist
Content & Marketing Specialist at Lunar Strategy.
David Kevin Jeppesen
Lunar Strategy
Raised in the spring of technology, solving problems and finding simple digital solutions is part of my nature. I’m a teachable individual who is always eager to learn and develop as a person.
Julieta Ose
Crypto Content Creator
Crypto Content Creator at Lunar Strategy.
Gino De Graaf
Google Ads Specialist
Google Ads Specialist at Lunar Strategy.
Sam Runge
Media Manager
Lunar Strategy.
Your Guide to Crypto & NFT Influencer Marketing For Your Next Project
Your Guide to Crypto & NFT Influencer Marketing For Your Next Project
With a Passion for Training - Join Our Google Ads Training Program
With a Passion for Training - Join Our Google Ads Training Program
What is the Best Marketing Budget for an NFT project?
What is the Best Marketing Budget for an NFT project?
Read Also
Jun 7, 2024
Node Sales - 2024's Freshest Crypto Fundraising Narrative 
Dive into the world of node sales, 2024's freshest crypto fundraising narrative. This comprehensive guide explains the concept of nodes, the mechanics of node sales, and the potential benefits for investors, such as earning passive income and contributing to network decentralization. Explore the advantages of participating in node sales, the technical aspects of running a node, and important considerations for investors.
May 31, 2024
Lunar Strategy’s CMO & Head of Influencer Marketing Dives Deep into KOL Fundraising
Dive deep into the realm of KOL fundraising in crypto with this insightful article featuring Lunar Strategy's CMO, Jack Haldorsson. Understand the current fundraising landscape, the significance of influencers, and the challenges and opportunities startups face. Learn about Lunar Strategy's approach to strategic partnerships, investor relations, and the impact of regulatory frameworks. Discover the innovative technologies and methods that will shape the future of crypto fundraising, and find valuable guidance for your own fundraising journey.
May 21, 2024
Mastering DePIN Marketing: A Complete Guide for 2024
Discover the essential strategies for mastering DePIN marketing in 2024. This comprehensive guide covers influencer marketing techniques, PR best practices, social media optimization on X (formerly Twitter), and community building tactics. Learn how to identify the right influencers, craft strategic narratives, execute impactful PR campaigns, and create a thriving community around your DePIN project. By implementing these strategies, you can position your project at the forefront of the DePIN revolution.
May 10, 2024
How To Use Crypto Public Relation Strategies After Launching Your Token‍
This article explores essential strategies for successful post-token launch crypto PR and marketing. Key topics include defining PR goals, crafting compelling narratives, leveraging media relations, building thought leadership, engaging communities, managing crises, and measuring success. By implementing these tactics, projects can boost brand awareness, foster loyalty, and drive adoption.
May 6, 2024
What Running A Crypto Influencer Marketing Agency Looks Like: Lunar Strategy Insights
In this article, we share valuable insights on managing influencers, working with clients, and creating synergy between KOLs and brands in the fast-paced world of crypto.
May 2, 2024
5 Crypto Startups You Need To Know In 2024
This article highlights five noteworthy crypto startups in 2024 that are bringing fresh ideas to areas like AI-powered e-commerce, cloud computing, Layer 2 solutions, Bitcoin development, and decentralized exchanges. Find out what sets these companies apart.
Apr 29, 2024
Lunar Capital’s Strategic Crypto Fundraising Guide: A Brief Overview
Lunar Capital's "Full Guide to Strategic Fundraising with KOLs in the Crypto Space" is a comprehensive resource for navigating the post-halving crypto landscape. Learn about fundraising stages, KOL partnerships, crafting the perfect pitch, and vesting strategies to ensure long-term success in the ever-evolving world of web3.
Apr 25, 2024
Top 5 AI Projects On The Blockchain In 2024
Uncover the transformative potential of five cutting-edge crypto startups in 2024. This article delves into their unique offerings, technological innovations, and impact on industries, showcasing their role in shaping the future of web3 and decentralized solutions.
Apr 5, 2024
Top 5 Crypto Publications To Follow In 2024
This article highlights five leading web3 publications that are essential for staying informed and ahead in the rapidly evolving crypto space. These outlets, including Cointelegraph, The Block, Decrypt, CryptoSlate, and BeInCrypto, offer reliable news, insightful analysis, educational resources, and innovative products to guide readers through the complexities of web3.
Apr 3, 2024
Top 10 European Crypto VC Investment Firms
This article explores how European venture capital firms are leading the charge in shaping the web3 and crypto landscape. It highlights ten top firms, their notable investments, and how they support innovative startups through funding, expertise, and global networks to revolutionize digital interactions and financial management.
Apr 2, 2024
Top 50 Strategic Crypto VC Investment Funds
This comprehensive guide dives into the world of crypto venture capital, exploring how VC funds are driving innovation and growth in the blockchain space.
Mar 31, 2024
Crypto VC Funds: A Beginners Guide To Web3 Investing In 2024
Building the right product and positioning your brand at the right time in a crypto market may be subject to volatility - as is the nature of the crypto market in general.