When you are an early stage startup you need to learn how to get customers in the most profitable way. The only thing that will matter for your marketing is the funnel. Learn the critical stages of the funnel and some of the top steps to creating it.
7. WHAT DOES THE BASIC FUNNEL LOOK LIKE?
Image credit: Neil Patel
@TREDIGITAL
8. EVERY FUNNEL REQUIRES THESE 4 STEPS
DETERMINE WHO THE RIGHT CUSTOMERS ARE
CREATE A COMPELLING STORY TO TELL THEM
FIND PROFITABLE TRAFFIC CHANNELS TO REACH YOUR CUSTOMERS
DESIGN SMART SALES SEQUENCE TO CONVERT LEADS INTO BUYERS
@TREDIGITAL
10. "Almost every failed startup has a product.
What failed startups don’t have are enough
customers."
~Traction: A Startup Guide to Getting
Customers
@TREDIGITAL
11. WHAT DO MOST STARTUPS DO?
@TREDIGITAL
Image credit: Blossom.com
12. “WANT” AND “NEED” ARE NOT THE SAME
@TREDIGITAL
Image credit: Synergy Says
13. SPECIFIC “MUST HAVE” + SPECIFIC PERSON =
“PROBLEM CUSTOMER FIT”
@TREDIGITALImage credit: Synergy Says
14. HOW TO GET TO THE RIGHT “MUST HAVE”
1. Tell me about the last time you had...
<problem> <context>
2. What was the most challenging?
3. Why was it challenging?
4. How do you solve it now?
5. Why is this solution not great?
Do NOT ask about the future (i.e. no “Would you”
or “Will you” questions)
Absolutely NO PITCHING!
IT MAY TAKE 5+
“WHYs” TO GET TO
THE CORE EMOTION
@TREDIGITALJustin Wilcox, Customer Dev Labs
15. 1 - CUSTOMER “MUST-HAVE” EXERCISE
Interview someone you do NOT know. Ask Customer Interview Questions. Document your
findings:
- What was the most challenging? Why?
- How did they solve the problem?
- Listen for: Beliefs, Fears, Frustrations
@TREDIGITAL
19. YOUR STORY GOES BEYOND YOUR WEBSITE
YOUR WEBSITE
= THE HUB OF YOUR STORY
Social Media
Blog + Guest Blogging Email + Newsletter
Whitepapers + ebooks
Public RelationsOffline Materials
Podcast
Video Series + Webinars
SEO + Referring Links Video Series + Webinars
Document Sharing Sites
Forums
@TREDIGITAL
20. 2 - STORY EXERCISE
For every product feature, determine customer benefits and outcomes. How do your
product features address BFF (beliefs, fears, frustrations)
FEATURES OUTCOMES/BENEFITS
1 1
2
3
2 1
2
3
3 1
2
3
@TREDIGITAL
22. “If you get even a single distribution channel
to work, you have a great business.
If you try for several but do not nail one, you
are finished ” — Peter Thiel
@TREDIGITAL
23. 24 Marketing Channels
B2BB2C
❏ VIRAL MARKETING
❏ INFLUENCER MARKETING
❏ LIFESTREAMING
❏ WORD OF MOUTH
❏ PUBLICITY STUNTS
❏ DISPLAY ADS
❏ EMAIL MARKETING
❏ SOCIAL MEDIA (ORGANIC)
❏ CONTENT MARKETING
❏ SEO
❏ SOCIAL ADS
❏ EARNED MEDIA/GUEST
BLOGGING
❏ REMARKETING
❏ SEM/PPC
❏ AFFILIATE PROGRAMS
❏ EVENTS/TRADE SHOWS
❏ MOBILE MARKETING
❏ COMMUNITY BUILDING
❏ WEBINARS
❏ PUBLIC RELATIONS
❏ BUSINESS DEVELOPMENT
❏ SALES
❏ INFLUENCE BUILDING
❏ SPEAKING ENGAGEMENTS
@TREDIGITAL
24. CHANNEL PRIORITIZATION FRAMEWORK
1. PICK A CHANNEL
2. DESIGN A FUNNEL
3. RUN AN EXPERIMENT
4. MEASURE RESULTS
5. OPTIMIZE
6. RE-RUN THE EXPERIMENT
7. DETERMINE ROI @TREDIGITAL
25. CHANNEL PRIORITIZATION FRAMEWORK
1. PICK A CHANNEL
2. DESIGN FUNNEL
3. RUN AN EXPERIMENT
4. MEASURE RESULTS
5. OPTIMIZE
6. RE-RUN THE EXPERIMENT
7. DETERMINE ROI @TREDIGITALImage Credit: Sean Ellis
26. 3 - CHANNELS EXERCISE
DETERMINE THE CORE CHANNELS AND STEPS FOR THE EXPERIMENT. DETERMINE THE SUCCESS
MEASURES
KEY CHANNEL(S) TO TEST
IF WE DO <insert experiment>
OUR KEY METRIC <x>
WILL INCREASE BY <y>
CORE STEPS
SUCCESS METRICS
@TREDIGITAL
33. AT THE VERY
MINIMUM MAKE
ALL OF YOUR
CHANNELS
WORK TOGETHER
@TREDIGITAL
Image Credit: Kate Grunton,
buildalittlebiz.com
34. 4 - FUNNEL EXERCISE
Design a Basic Funnel for the Channel that you picked. Determine different offers and
nurturing sequence
How and where do you
integrate BFF into the Funnel?
1.
1.
@TREDIGITAL
35. RESOURCES/TOOLS
CUSTOMER
How to Find & Interview
Customers at
CustomerDevLab.com
STORY
Value Prop and Other Critical
Story Components via Lean
Canvas from Leanstack.com
CHANNELS
Overview of the Traction
Channels from Traction (the
book)
NeilPatel.com - Tools + Tips on
Maximizing channels
SALES SEQUENCE
Tools to create sequence:
ConvertKit (email) &
ClickFunnels.com
Growthhackers.com - Online
Community of GrowthHackers
@TREDIGITAL
36. LET’S STAY IN TOUCH!
@TREDIGITAL IN/MARIADYKSTRA MARIAD@TREDIGITAL.COM
FIND THIS DECK: http://content.tredigital.com/StartupLessons
Image Credit: lightingdesignalliance.com
200 People engineering team
Dedicated training team
20 people GTM team
Training, TradeMarketing, etc resources
6+ months to develop and 3-4 months to ship
Image Credit: marketing templates
Image credit: WeWork
10 people in the company
Must ship ahead of the competition
Outsourced dev team
No dedicated training resources
Limited marketing budget
https://www.youtube.com/watch?v=OTkP2JDeGWM - Justin Wilcox Customer Dev Labs
Image credit The Ultimate Answer
E.g. frustrated with too many tools, but fear of change and believed into deep specialization => fantastic software failed.