From 93 to 10,000: Inside Final Offer’s Enterprise Sales Playbook for Breaking into Regulated Industries
Most startups try to scale in regulated industries through brute-force sales. In a recent episode of Category Visionaries, Final Offer co-founder Tim Quirk revealed a different playbook: using industry leaders as both investors and distribution channels.
The Learning Phase: Starting Small
Final Offer’s journey to enterprise scale began with a focused test market approach. “When we first launched the business, we launched with individual and teams of real estate agents in specific areas,” Tim explains. “Washington DC is actually the first area that we launched in October 22, officially.”
This targeted approach allowed them to learn crucial lessons about their product and market. Most importantly, they discovered that building negotiation into their technology was far more challenging than anticipated. As Tim notes: “We thought it would be easy. It’s actually very hard to build negotiation.”
The Transition Strategy
Instead of immediately pursuing enterprise deals, Final Offer spent eight to ten months perfecting their product with individual agents and teams. This patience paid off. Tim shares: “As we learned, we realized, okay, this thing is ready for primetime. So in September, we opened it up to go to real estate brokerages and to allow brokerages to actually pay for the services for all of their agents to come on board.”
Building Distribution Through Strategic Investment
What makes Final Offer’s enterprise strategy unique is how they turned industry skeptics into investors and champions. “The first three meetings went into real estate agents, each one of them wanted to invest a quarter million dollars into Final Offer,” Tim reveals. “We’ve actually raised today now, and with the 11 million that we’ve raised in total, we’ve raised 80 real estate agents comprise a lot of that.”
Creating Industry-Specific Value
Rather than just selling software, Final Offer created additional value through industry education. Tim explains: “We actually built a certification program for agents to be able to learn how to negotiate. What’s incredible is that you can go through and do all this training… Guess what? They don’t typically have training on negotiation.”
This certification program became a powerful sales tool because it was taught by industry experts: “We’re providing practical training through experts that actually do it as part of their business. They’re able to then go and share the case studies and the stories and the strategies.”
The Results
The numbers tell the story. From September 2023 to March 2024, Final Offer:
- Signed 50 enterprise brokerage accounts
- Reached over 10,000 agent users
- Manages over 12,000 active listings
- Created upgrade potential for over 7,000 agents
Key Lessons for Founders
Final Offer’s enterprise playbook reveals several crucial lessons for founders entering regulated industries:
- Start small and learn deeply before pursuing enterprise
- Turn industry leaders into investors for built-in distribution
- Create additional value through industry-specific education
- Build features that solve industry-wide problems
- Use early adopters to perfect the product before scaling
As Tim concludes: “Learn with the best. Make sure that you got something that works and then hit the throttle when you know you can actually survive it.” For founders looking to break into regulated industries, that might be the best playbook of all.
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