SlideShare a Scribd company logo
1 of 16
consumer
                     digital

 5 tips to get your startup marketing
heading in the right direction (with some
          general startup advice)
                Todd Kurie
               VP Marketing
                 RedMart
About Me
ActivityNet
  ‘99-01                  ‘12-present




  ‘04-’06                    ‘10-’12


                ‘06-’08
What I’ve Learned

ActivityNet   Don’t be too early


              Be methodical and persistent


              Pivot towards the money


              Focus!


              Grow when you are ready to
About RedMart

         Launched Nov ‘11

         Grown 16/17 months

         Jan ‘13: $3M ann. rev

         Raised $4M raised to date
The Challenge of Startup Marketing

Learn as quickly and cheaply as possible about:
your customers, what they like and don’t like about
your service, the most effective ways to reach
them, and the costas fast as possible the
            Grow of acquiring them and
lifetime revenue you will likely generate, and THEN
grow as fast as it makes sense
Tip #1 – observe your customers
Tip #1 – observe your customers
Tip #2 – listen to your customers
Tip #2 – listen to your customers
Tip #3 – use the right marketing channels

           Good!

Results




                                    Bad!

                        Effort
Tip #3 – use the right marketing channels
Channel           Low Cost to     Easy to     Highly    Easy to Scale
                     Test       Implement   Trackable
Google
Adwords
Facebook CPC/
Promo Posts
Display
networks
Print

Out of Home

Stuff your CEO
wants you to do
Tip #4 – start tracking lifetime value now



                                                                                                           +$
    --------------------------------------------Cost Per Account--------------------------------------------
$                                                                                                          -$




                                                  Time
Tip #4 – start tracking lifetime value now
Tip #5 – Know what growth is “just right”




     Investors unhappy                 Customers unhappy




                         Just right!
Tip #5 – Know what growth is “just
                    right”
max

                                                       Facebook Post


                                        Facebook CPC


                              Adwords
min
                   Customer
                    EDMs


         Organic
THANKS!
Use code “NICE2MEETU” and get $5 off at RedMart!

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What marketing channels make sense for a (digital consumer) startup, and when? – a RedMart perspective

  • 1. consumer digital 5 tips to get your startup marketing heading in the right direction (with some general startup advice) Todd Kurie VP Marketing RedMart
  • 2. About Me ActivityNet ‘99-01 ‘12-present ‘04-’06 ‘10-’12 ‘06-’08
  • 3. What I’ve Learned ActivityNet Don’t be too early Be methodical and persistent Pivot towards the money Focus! Grow when you are ready to
  • 4. About RedMart Launched Nov ‘11 Grown 16/17 months Jan ‘13: $3M ann. rev Raised $4M raised to date
  • 5. The Challenge of Startup Marketing Learn as quickly and cheaply as possible about: your customers, what they like and don’t like about your service, the most effective ways to reach them, and the costas fast as possible the Grow of acquiring them and lifetime revenue you will likely generate, and THEN grow as fast as it makes sense
  • 6. Tip #1 – observe your customers
  • 7. Tip #1 – observe your customers
  • 8. Tip #2 – listen to your customers
  • 9. Tip #2 – listen to your customers
  • 10. Tip #3 – use the right marketing channels Good! Results Bad! Effort
  • 11. Tip #3 – use the right marketing channels Channel Low Cost to Easy to Highly Easy to Scale Test Implement Trackable Google Adwords Facebook CPC/ Promo Posts Display networks Print Out of Home Stuff your CEO wants you to do
  • 12. Tip #4 – start tracking lifetime value now +$ --------------------------------------------Cost Per Account-------------------------------------------- $ -$ Time
  • 13. Tip #4 – start tracking lifetime value now
  • 14. Tip #5 – Know what growth is “just right” Investors unhappy Customers unhappy Just right!
  • 15. Tip #5 – Know what growth is “just right” max Facebook Post Facebook CPC Adwords min Customer EDMs Organic
  • 16. THANKS! Use code “NICE2MEETU” and get $5 off at RedMart!