A Systems Approach to
   Startup Marketing
 A solution to random acts of
           marketing

          April Dunford
          @aprildunford
       RocketWatcher.com
April Dunford
As a marketing exec:
  6 startups: 4 launches, $1B revenue, $2B
  acquisitions
  3 big companies: 2 product line launches,
  $3B revenue, 8 acquisitions (buy side)
As a Marketing Bon Vivant/Gallivanter:
  project-based marketing work, advisor,
  instructor, investor, coffee/beer drinker
How do I market my startup?
How do I buy shoes I love?
Advice is Always Based on
        Assumptions

How much you want to spend
Where you like to shop
What style of shoes you normally wear
Why you need new shoes now
Startup Marketing Advice is
          the Same
Who are your customers
What motivates them to purchase
What they love about your offering
How they make purchase decisions
Marketing is Big

Branding
Lead gen
Advertising
Social Media
Content
Messaging
Sales Support
Events
Marketing Questions Google
         can Answer

how to increase blog traffic, get email
signups, improve your SEO, run adwords
campaigns, get more Twitter followers/
Facebook fans, create better content,
improve your sales effectiveness,
shorten sales cycles, convert free trials
to paid and on and on and on and on.
Marketing Questions Google
       Can’t Answer:


What tactics should you focus on?
How should you tailor them for your
business?
The Cycle of Marketing Meh
                         Marketing
                          Fashion
                        Assessment*


                                         Select
           Improve
                                         tactics




                Measure            Execute



* Where you look at what everyone else is doing
1.  Shifting assumptions
2.  All tactics presumed OK until tested
3.  No relationship or consistency
    between the tactics
You need to start with a
   marketing model
Inputs
3 aspects of customer knowledge
 Who they are
 How they view solutions
 How they buy stuff
Customer
Company Characteristics (B2B):
   –  Geography, size, industry
   –  Stuff they do, type of customer they serve, how they sell, their
      ecosystem, budgets, risk tolerance, power structure, etc.
Decision Maker Characteristics:
   –  demographics, education, skills, interests, motivations,
      goals
Pain:
   –  list of things that drives this group crazy
Where they hang out:
   –  Social networks, communities, associations/groups, events
Where they find out about stuff:
   –  Search engines, word of mouth, peers, media outlets, blogs,
      experts, influencers/famous people
Offering
•  What do we do?
•  What market are we in?
•  Competitive Alternatives:
  –  Examples: Do nothing, manual effort, Word/
     Excel, competitive product
•  Key Differentiated Points of Value
  –  When compared to the alternatives above the
     specific value you bring that the others don’t.
•  Proof
  –  Customer references, 3rd party reviews,
     statistics, metrics, expert endorsements,
Buying Process
Accelerators
Knowing       Knowing      Knowing     Why          Using and   Knowing I
the cost of   the Value    the value   purchase     enjoy the   can’t do
not solving   of solving   of your     now?         offering    without the
the           the          solution                             offering
problem       problem

    No                                                            Re-
                 Need         Eval        Buy         Enjoy
   Need                                                           new

Current       Value not  Not           I might      Bad        Decided
solution      compelling knowing       change my    service,   there was
good          Risks too  how to        mind         Bad user   no need
enough        high       evaluate      Too much $   experience Move to
                         Great but                  Not using  other
                         not for me                            solution
Friction points
Tactics
Selected based on:
  Who you need to reach
  Where you can reach them
  Stages where the friction is
  What you need to do to move them to the
  next stage
No Need, Need
What: Problem-focused Content/Programs
   –    Articles and blog posts
   –    Infographics/Industry data/trend reports
   –    Videos (problem focused)
   –    Curated Content
   –    Newsletters
   –    SEO, Website, landing pages, content optimized around the
        problem
Where: Where the prospects already are
   –  Forums, Social networks, newsgroups, industry events,
      associations, media, blogs, etc.
Purpose: Entertain, Educate, Engage
Desired Action: Permission to regularly provide information
   –  Social Media: Likes, follows
   –  Email: Newsletter/blog signups
Eval/Buy
What: Solution Focused Content/Programs
   –    Articles and blog posts
   –    Demo Videos/interactive Demos
   –    Webinars
   –    In-person events
   –    Analyst reports
   –    Case studies
   –    Feature guides/whitepapers
   –    ROI/pricing calculators
   –    Advertising, Sponsorships
   –    SEO, Website, landing pages, content optimized around the solution
Where: Where the prospects are and Increasingly on Your Turf
   –  Forums, Social networks, newsgroups, industry events, media, blogs,
      etc.
   –  Your branded sites (website, Facebook page, etc.)
Purpose: Educate, Differentiate, Move to Evaluation and/or Sale
Desired Action: Permission to “sell”
   –  Contact information for sales (through content, events, etc.)
   –  Free Trial sign up
   –  Purchase
Enjoy, Refer, Renew
•  What: Activation/Engagement-oriented content/programs
   –    Customer Support Content
   –    Demo Videos/interactive Demos
   –    How-to, Best Practice guides
   –    User forums/User Groups
   –    ROI/pricing calculators
   –    Customer newsletters
•  Where: Mainly on Your Turf but also where they are
   –    Your branded sites (website, Facebook page, etc.)
   –    Customer Support portal/forum,
   –    User group forums, events, etc.
   –    Forums, Social networks, newsgroups, associations, media, blogs, etc.
•  Purpose: Get customers to experience the value, Create raving
   fans,
•  Desired Action: Referrals, Renewals
   –  Act as a reference
   –  Refer business
   –  Renewal
Operations
Plans based on selected tactics
 Email marketing plan/process/calendar
 Paid traffic plan/process
 Content plan/calendar
 Social media plan/calendar
 Media/Influencer relations plan/calendar
Metrics


How prospects are flowing through the
          buying process
Analysis


What conclusions can you draw?
How do these impact the inputs?
The Circle of Marketing Awesome
                          Project plans

                            Tactical
                           Execution



     Customer
      Offering   Inputs                   Outputs   Metrics
Buying Process



                            Analysis

                           Conclusions
Thanks!

RocketWatcher.com
   @aprildunford

How To Plan and Execute Great Startup Marketing Programs with April Dunford - MaRS Best Practices

  • 2.
    A Systems Approachto Startup Marketing A solution to random acts of marketing April Dunford @aprildunford RocketWatcher.com
  • 3.
    April Dunford As amarketing exec: 6 startups: 4 launches, $1B revenue, $2B acquisitions 3 big companies: 2 product line launches, $3B revenue, 8 acquisitions (buy side) As a Marketing Bon Vivant/Gallivanter: project-based marketing work, advisor, instructor, investor, coffee/beer drinker
  • 4.
    How do Imarket my startup?
  • 5.
    How do Ibuy shoes I love?
  • 6.
    Advice is AlwaysBased on Assumptions How much you want to spend Where you like to shop What style of shoes you normally wear Why you need new shoes now
  • 7.
    Startup Marketing Adviceis the Same Who are your customers What motivates them to purchase What they love about your offering How they make purchase decisions
  • 8.
    Marketing is Big Branding Leadgen Advertising Social Media Content Messaging Sales Support Events
  • 9.
    Marketing Questions Google can Answer how to increase blog traffic, get email signups, improve your SEO, run adwords campaigns, get more Twitter followers/ Facebook fans, create better content, improve your sales effectiveness, shorten sales cycles, convert free trials to paid and on and on and on and on.
  • 10.
    Marketing Questions Google Can’t Answer: What tactics should you focus on? How should you tailor them for your business?
  • 11.
    The Cycle ofMarketing Meh Marketing Fashion Assessment* Select Improve tactics Measure Execute * Where you look at what everyone else is doing
  • 12.
    1.  Shifting assumptions 2. All tactics presumed OK until tested 3.  No relationship or consistency between the tactics
  • 13.
    You need tostart with a marketing model
  • 14.
    Inputs 3 aspects ofcustomer knowledge Who they are How they view solutions How they buy stuff
  • 15.
    Customer Company Characteristics (B2B): –  Geography, size, industry –  Stuff they do, type of customer they serve, how they sell, their ecosystem, budgets, risk tolerance, power structure, etc. Decision Maker Characteristics: –  demographics, education, skills, interests, motivations, goals Pain: –  list of things that drives this group crazy Where they hang out: –  Social networks, communities, associations/groups, events Where they find out about stuff: –  Search engines, word of mouth, peers, media outlets, blogs, experts, influencers/famous people
  • 16.
    Offering •  What dowe do? •  What market are we in? •  Competitive Alternatives: –  Examples: Do nothing, manual effort, Word/ Excel, competitive product •  Key Differentiated Points of Value –  When compared to the alternatives above the specific value you bring that the others don’t. •  Proof –  Customer references, 3rd party reviews, statistics, metrics, expert endorsements,
  • 17.
    Buying Process Accelerators Knowing Knowing Knowing Why Using and Knowing I the cost of the Value the value purchase enjoy the can’t do not solving of solving of your now? offering without the the the solution offering problem problem No Re- Need Eval Buy Enjoy Need new Current Value not Not I might Bad Decided solution compelling knowing change my service, there was good Risks too how to mind Bad user no need enough high evaluate Too much $ experience Move to Great but Not using other not for me solution Friction points
  • 18.
    Tactics Selected based on: Who you need to reach Where you can reach them Stages where the friction is What you need to do to move them to the next stage
  • 19.
    No Need, Need What:Problem-focused Content/Programs –  Articles and blog posts –  Infographics/Industry data/trend reports –  Videos (problem focused) –  Curated Content –  Newsletters –  SEO, Website, landing pages, content optimized around the problem Where: Where the prospects already are –  Forums, Social networks, newsgroups, industry events, associations, media, blogs, etc. Purpose: Entertain, Educate, Engage Desired Action: Permission to regularly provide information –  Social Media: Likes, follows –  Email: Newsletter/blog signups
  • 20.
    Eval/Buy What: Solution FocusedContent/Programs –  Articles and blog posts –  Demo Videos/interactive Demos –  Webinars –  In-person events –  Analyst reports –  Case studies –  Feature guides/whitepapers –  ROI/pricing calculators –  Advertising, Sponsorships –  SEO, Website, landing pages, content optimized around the solution Where: Where the prospects are and Increasingly on Your Turf –  Forums, Social networks, newsgroups, industry events, media, blogs, etc. –  Your branded sites (website, Facebook page, etc.) Purpose: Educate, Differentiate, Move to Evaluation and/or Sale Desired Action: Permission to “sell” –  Contact information for sales (through content, events, etc.) –  Free Trial sign up –  Purchase
  • 21.
    Enjoy, Refer, Renew • What: Activation/Engagement-oriented content/programs –  Customer Support Content –  Demo Videos/interactive Demos –  How-to, Best Practice guides –  User forums/User Groups –  ROI/pricing calculators –  Customer newsletters •  Where: Mainly on Your Turf but also where they are –  Your branded sites (website, Facebook page, etc.) –  Customer Support portal/forum, –  User group forums, events, etc. –  Forums, Social networks, newsgroups, associations, media, blogs, etc. •  Purpose: Get customers to experience the value, Create raving fans, •  Desired Action: Referrals, Renewals –  Act as a reference –  Refer business –  Renewal
  • 22.
    Operations Plans based onselected tactics Email marketing plan/process/calendar Paid traffic plan/process Content plan/calendar Social media plan/calendar Media/Influencer relations plan/calendar
  • 23.
    Metrics How prospects areflowing through the buying process
  • 24.
    Analysis What conclusions canyou draw? How do these impact the inputs?
  • 25.
    The Circle ofMarketing Awesome Project plans Tactical Execution Customer Offering Inputs Outputs Metrics Buying Process Analysis Conclusions
  • 26.