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Market Validation Hacks
•1 Key Stat about Death
•Survey Says…
•Market Definition
Thesis
“Validate your idea and prove product/market
fit online because it’s fast and easy.”
Key Points Covered
Who I am and why I’m qualified to teach
Customer Profile & Online Targeting
Validating Ideas through Messaging
Iterate with Google Consumer Surveys
Offer Structure & Landing Pages
Live Test Conversion with AdWords
Measure KPI’s with Analytics
Who is Aaron
Author, Speaker, Owner, Father
•Started as a mortgage telemarketer, 2006.
•Direct Response agency executive
•3 other startups, one sold
•Went full time with my startup in 2012
•Philosophy: Knowledge is power.
•Motivation:
–Making ideas reality.
–Paying for college!
What is SearcherMagnet
•Direct Response NOT “Branding”
•A Lean Approach to Marketing
PART 1: Idea Validation
1. Definition of A Persona
2. Buyer Persona Example
3. Use of Persona
4. Developing a Profile
5. The Lean Startup Method
6. Leveraging Early Adopters
7. Culture Summit Example
8. Crucial Conversations
Definition of Persona
Q. What is a customer persona?
A. “fictional, generalized
representations of your ideal
customers”
The SearcherMagnet Buyer
•Business Owner, $500K-$10M Rev,
financial services, B2B or ecommerce
•Believes customer uses internet
•Demographics: 25-55 years old, single male
Use a Persona To...
•Develop marketing strategies such
as product packaging,
advertisements, business location
and pricing
Profile Development
•Use an online demographic tool like
Quantcast to research audience
data on websites
Profile Development
•Other demographic tools include
alexa.com and the Google Display
Planner
•Form hypothesis about your
customer and their online habits
Lean Startup Method
•Build, Measure, Learn
•Guy Kawasaki
Leveraging Early Adopters
•Have pain
•Willing to try anything
•Often are trying to solve themselves
Culture Summit Example
•Vision & Hypothesis
•Spoke to 10 Founders in Person
•What are your top 3 challenges? How are
you solving? Would you Buy? Why or Not?
Crucial Conversation
•Hypothesis was Wrong. Founders Too Busy
•New Decisionmaker - HR, Operations
•Linkedin Inmail - 25% Conversion rate!
•Asked, “Where can I find people like you?”
•Found a secret message board.
PART 2: Product/Market Fit
1. Google Consumer Surveys
2. Actual Example
3. Offer Structure
4. Landing Page Tools
5. AdWords Strategy
6. AdWords Execution
7. Analytics KPI’s
8. Measuring Success
Google Consumer Surveys
•Do after getting into the field
•Or if you lack access to decisionmaker
•As low as .10c per response with a $75
credit to sign up
•Don’t assume you know what your
customer wants!
Actual Example- AFKW
•Targeted job titles of Owner, Entrepreneur
•Screened for “Belief in Internet”
•Definitive answer on tagline and message
Offer Structure
•Common Types:
–Email (Weak)
–Lead or Survey (Good)
–Free Trial or Download (Good)
–Purchase (Best)
Landing Page Tips & Tools
•A “House” For your offer
•Tipping point of pre-sale info different for
every industry.
•Why not to use wordpress / Website Tonite
•Sales Copy #1 Important thing
Lean AdWords Strategy
•Why AdWords for this task
•Not ideal for B2B (limited volume)
•Budget, it’s easy to spend a lot of $$$
•Bids, it’s easy to overspend per click
•Watch out for low CTR
Lean AdWords Execution
•Pain Point based Keywords
•Ad Copywriting- "Simplicity is the ultimate
sophistication." – Leonardo Da Vinci
•Ignore bells and whistles like Retargeting,
In-App ads, Youtube, Display Network,
Shopping Feeds etc
•#1 Mistake: No conversion tracking on your
Landing Page.
Analytics KPI’s
•Bounce Rate & Time on Site - is traffic
“sticky”
•Conversion rate - over time and vs. organic,
social etc channels
•Conversion assists & lags - what influences
purchase and how long is buying cycle.
Q&A
Who is your Decision-maker?
How will you reach them?
How do you validate your offer?
And with what tools?
Special Offer Today Only
1. Pre-order A Few
Key Words for the
special price of
$97 $67
2. Receive a complimentary
autographed copy of my recent book!
Our viewers online can get the discount at
http://sarta.afewkeywords.com until midnight
8/27/2015, thereafter pay normal price

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Market Validation Hacks

  • 1.
  • 2. Market Validation Hacks •1 Key Stat about Death •Survey Says… •Market Definition
  • 3. Thesis “Validate your idea and prove product/market fit online because it’s fast and easy.”
  • 4. Key Points Covered Who I am and why I’m qualified to teach Customer Profile & Online Targeting Validating Ideas through Messaging Iterate with Google Consumer Surveys Offer Structure & Landing Pages Live Test Conversion with AdWords Measure KPI’s with Analytics
  • 5. Who is Aaron Author, Speaker, Owner, Father •Started as a mortgage telemarketer, 2006. •Direct Response agency executive •3 other startups, one sold •Went full time with my startup in 2012 •Philosophy: Knowledge is power. •Motivation: –Making ideas reality. –Paying for college!
  • 6. What is SearcherMagnet •Direct Response NOT “Branding” •A Lean Approach to Marketing
  • 7. PART 1: Idea Validation 1. Definition of A Persona 2. Buyer Persona Example 3. Use of Persona 4. Developing a Profile 5. The Lean Startup Method 6. Leveraging Early Adopters 7. Culture Summit Example 8. Crucial Conversations
  • 8. Definition of Persona Q. What is a customer persona? A. “fictional, generalized representations of your ideal customers”
  • 9. The SearcherMagnet Buyer •Business Owner, $500K-$10M Rev, financial services, B2B or ecommerce •Believes customer uses internet •Demographics: 25-55 years old, single male
  • 10. Use a Persona To... •Develop marketing strategies such as product packaging, advertisements, business location and pricing
  • 11. Profile Development •Use an online demographic tool like Quantcast to research audience data on websites
  • 12. Profile Development •Other demographic tools include alexa.com and the Google Display Planner •Form hypothesis about your customer and their online habits
  • 13. Lean Startup Method •Build, Measure, Learn •Guy Kawasaki
  • 14. Leveraging Early Adopters •Have pain •Willing to try anything •Often are trying to solve themselves
  • 15. Culture Summit Example •Vision & Hypothesis •Spoke to 10 Founders in Person •What are your top 3 challenges? How are you solving? Would you Buy? Why or Not?
  • 16. Crucial Conversation •Hypothesis was Wrong. Founders Too Busy •New Decisionmaker - HR, Operations •Linkedin Inmail - 25% Conversion rate! •Asked, “Where can I find people like you?” •Found a secret message board.
  • 17. PART 2: Product/Market Fit 1. Google Consumer Surveys 2. Actual Example 3. Offer Structure 4. Landing Page Tools 5. AdWords Strategy 6. AdWords Execution 7. Analytics KPI’s 8. Measuring Success
  • 18. Google Consumer Surveys •Do after getting into the field •Or if you lack access to decisionmaker •As low as .10c per response with a $75 credit to sign up •Don’t assume you know what your customer wants!
  • 19. Actual Example- AFKW •Targeted job titles of Owner, Entrepreneur •Screened for “Belief in Internet” •Definitive answer on tagline and message
  • 20. Offer Structure •Common Types: –Email (Weak) –Lead or Survey (Good) –Free Trial or Download (Good) –Purchase (Best)
  • 21. Landing Page Tips & Tools •A “House” For your offer •Tipping point of pre-sale info different for every industry. •Why not to use wordpress / Website Tonite •Sales Copy #1 Important thing
  • 22. Lean AdWords Strategy •Why AdWords for this task •Not ideal for B2B (limited volume) •Budget, it’s easy to spend a lot of $$$ •Bids, it’s easy to overspend per click •Watch out for low CTR
  • 23. Lean AdWords Execution •Pain Point based Keywords •Ad Copywriting- "Simplicity is the ultimate sophistication." – Leonardo Da Vinci •Ignore bells and whistles like Retargeting, In-App ads, Youtube, Display Network, Shopping Feeds etc •#1 Mistake: No conversion tracking on your Landing Page.
  • 24. Analytics KPI’s •Bounce Rate & Time on Site - is traffic “sticky” •Conversion rate - over time and vs. organic, social etc channels •Conversion assists & lags - what influences purchase and how long is buying cycle.
  • 25. Q&A Who is your Decision-maker? How will you reach them? How do you validate your offer? And with what tools?
  • 26. Special Offer Today Only 1. Pre-order A Few Key Words for the special price of $97 $67 2. Receive a complimentary autographed copy of my recent book! Our viewers online can get the discount at http://sarta.afewkeywords.com until midnight 8/27/2015, thereafter pay normal price