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MARKETING APPROACH
• Mentee.me revenue is driven by both direct to consumer as
  well as through group licensing
• With that, marketing must be broken out into two
  customer segments: our targeted average consumer as well
  as our targeted institutions
“FIRST CUSTOMER” ADOPTION
•    Consumers will be a difficult market to target without proven success in our
     product
•    Institutions will only invest in a proven product
•    Given the above facts our “first customer” approach will require:
     Upfront investment and potential ‘freemium’ model
     From our research, consumers want a trusted and proven product – all our
      marketing efforts will only share stories of success. This will further build our
      customer base by ensuring consumers are buying into a proven product
     After an initial period of direct to consumer success and a proven market,
      marketing efforts will shift to institutions. The shift to institution marketing will
      require a much more significant investment and would only be considered
      once consumer demand has been proved.
LONG TERM MARKETING STRATEGY
•   While Google Adwords and Facebook ads may drive some traffic to our
    product from consumers, we feel most of our revenue would be driven by
    institutions – not a demographic reached by these two mediums
•   Our approach would be to continue to share the stories of success being
    experienced at other institutions. We feel this would drive a “me too”
    attitude by institutions (For example: “Harvard’s doing this, we should be
    too!”) in order to stay relevant with offerings being made available to
    students. This is especially critical as students push more of their career
    planning to the web
•   After an initial capital investment for our first consumers and subsequent
    institutions, we would rely more heavily on word of mouth and our product
    speaking for itself. After every transaction, we would insist upon direct
    feedback from our customers, all easily viewed by potential customers and
    institutions. It is our belief that web advertising is moving more towards
    personal recommendations and reviews as opposed to straight SEO. If our
    product can have positive feedback attributed to it on the web, the need for
    significant marketing investment will diminish

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Marketing plan

  • 1.
  • 2. MARKETING APPROACH • Mentee.me revenue is driven by both direct to consumer as well as through group licensing • With that, marketing must be broken out into two customer segments: our targeted average consumer as well as our targeted institutions
  • 3. “FIRST CUSTOMER” ADOPTION • Consumers will be a difficult market to target without proven success in our product • Institutions will only invest in a proven product • Given the above facts our “first customer” approach will require:  Upfront investment and potential ‘freemium’ model  From our research, consumers want a trusted and proven product – all our marketing efforts will only share stories of success. This will further build our customer base by ensuring consumers are buying into a proven product  After an initial period of direct to consumer success and a proven market, marketing efforts will shift to institutions. The shift to institution marketing will require a much more significant investment and would only be considered once consumer demand has been proved.
  • 4. LONG TERM MARKETING STRATEGY • While Google Adwords and Facebook ads may drive some traffic to our product from consumers, we feel most of our revenue would be driven by institutions – not a demographic reached by these two mediums • Our approach would be to continue to share the stories of success being experienced at other institutions. We feel this would drive a “me too” attitude by institutions (For example: “Harvard’s doing this, we should be too!”) in order to stay relevant with offerings being made available to students. This is especially critical as students push more of their career planning to the web • After an initial capital investment for our first consumers and subsequent institutions, we would rely more heavily on word of mouth and our product speaking for itself. After every transaction, we would insist upon direct feedback from our customers, all easily viewed by potential customers and institutions. It is our belief that web advertising is moving more towards personal recommendations and reviews as opposed to straight SEO. If our product can have positive feedback attributed to it on the web, the need for significant marketing investment will diminish