Test First, Build SecondFor Those Ideas You’re Not Quite Sure About
Why?Why Would Anyone Build Something No One Would Use?Surprising Number Of Startups Fail Due To:Poor Market ResearchPlan To Reach Customers BeforehandBlind OptimismTesting Is Quick & CheapHosting/Domain Name/Free Software/Designer*/$100Internet Levels Playing FieldSEO & Creative Marketing Win
Some BackgroundWeb Design & Internet Marketing: 7-8 YearsStarted With: Making Ad-Revenue Websites, Social Networking Sites, Ecommerce Sites, Twitter App…Full Time Entrepreneur – Fendza.com
How Do You Find Your Market & Get A Few People To Sign Up Without Having A Product Yet?
1st, Let’s Talk About The MarketCommon Shortfall: Over-Estimate Market Size & Marketing AbilityWhich Is Less Likely To Fail?1% of 5,000,00015% of 300,000
1% of 5,000,000In Most Cases
Market Question #2Is It Easier To:Talk Someone Into Trying A Brand New Type Of ProductTalk Someone Into Choosing Your Product Over Something ElseTalk Someone Into Choosing Your Product Over Something ElseAlready A DemandInbound Marketing Is Whole Lot Easier
Let’s Find The Viable MarketCompetitionStrength? Placement in SEO rankings? Following? How Do They Market?Google Auto-CompleteShows Popular Search TermsSearch.Twitter.comReal-Time TweetsGoogle AlertsShows New Websites/News With Keywords
Finally; Keyword ToolShows Accurate* Searched KeywordsIs There Enough?  Search Variations & Long TailsGoogle Each VariationSee SEO Strength Of 1st Page
How Do I Get Users To Sign Up?Splash Page Photoshop Picture Of PrototypeDescribe ProductCall To Action ButtonOffer Coupon For Sign Up & Collect Emails/Phone Numbers BonusAdvanced Splash Page/SiteFeatures PagePricing to Signup PageContact UsPhone NumberPerfect If Customers Call You With Questions
Drive Traffic To Your Splash PageGoogle AdWords$100 Will Normally Get 400+ Clicks*Free $75 Vouchers Everywhere Right NowTarget Forums & Join Discussion
Calculate Your Sign UpsCheck Your Conversions On Sign UpsI’ve Usually Gotten 5%-15%You Now Have Email List Of Potential CustomersEmail Or Figure Out What They Want/Need*Taste Of What It Takes To Bring TrafficGood Conversions Or Customer FeedbackBuild Splash Site More Advanced: Blog/Social Media/DemoContinue Marketing & Build SEO RankingBad Conversions Or Poor FeedbackRinse & Repeat
Real World Example: FendzaMarket ResearchKeyword TrafficCompetition Weaknesses: SEO, Design, MarketingAdvanced Splash SiteSign Ups: Over 500Many Phone Calls & EmailsSEO RankingsAll Without A Launched Product Yet!
That’s All Folks..Power Point Will Be Made Available Online AfterwardsQuestions???

Test First, Build Second

  • 2.
    Test First, BuildSecondFor Those Ideas You’re Not Quite Sure About
  • 3.
    Why?Why Would AnyoneBuild Something No One Would Use?Surprising Number Of Startups Fail Due To:Poor Market ResearchPlan To Reach Customers BeforehandBlind OptimismTesting Is Quick & CheapHosting/Domain Name/Free Software/Designer*/$100Internet Levels Playing FieldSEO & Creative Marketing Win
  • 4.
    Some BackgroundWeb Design& Internet Marketing: 7-8 YearsStarted With: Making Ad-Revenue Websites, Social Networking Sites, Ecommerce Sites, Twitter App…Full Time Entrepreneur – Fendza.com
  • 5.
    How Do YouFind Your Market & Get A Few People To Sign Up Without Having A Product Yet?
  • 6.
    1st, Let’s TalkAbout The MarketCommon Shortfall: Over-Estimate Market Size & Marketing AbilityWhich Is Less Likely To Fail?1% of 5,000,00015% of 300,000
  • 7.
  • 8.
    Market Question #2IsIt Easier To:Talk Someone Into Trying A Brand New Type Of ProductTalk Someone Into Choosing Your Product Over Something ElseTalk Someone Into Choosing Your Product Over Something ElseAlready A DemandInbound Marketing Is Whole Lot Easier
  • 9.
    Let’s Find TheViable MarketCompetitionStrength? Placement in SEO rankings? Following? How Do They Market?Google Auto-CompleteShows Popular Search TermsSearch.Twitter.comReal-Time TweetsGoogle AlertsShows New Websites/News With Keywords
  • 10.
    Finally; Keyword ToolShowsAccurate* Searched KeywordsIs There Enough? Search Variations & Long TailsGoogle Each VariationSee SEO Strength Of 1st Page
  • 11.
    How Do IGet Users To Sign Up?Splash Page Photoshop Picture Of PrototypeDescribe ProductCall To Action ButtonOffer Coupon For Sign Up & Collect Emails/Phone Numbers BonusAdvanced Splash Page/SiteFeatures PagePricing to Signup PageContact UsPhone NumberPerfect If Customers Call You With Questions
  • 12.
    Drive Traffic ToYour Splash PageGoogle AdWords$100 Will Normally Get 400+ Clicks*Free $75 Vouchers Everywhere Right NowTarget Forums & Join Discussion
  • 13.
    Calculate Your SignUpsCheck Your Conversions On Sign UpsI’ve Usually Gotten 5%-15%You Now Have Email List Of Potential CustomersEmail Or Figure Out What They Want/Need*Taste Of What It Takes To Bring TrafficGood Conversions Or Customer FeedbackBuild Splash Site More Advanced: Blog/Social Media/DemoContinue Marketing & Build SEO RankingBad Conversions Or Poor FeedbackRinse & Repeat
  • 14.
    Real World Example:FendzaMarket ResearchKeyword TrafficCompetition Weaknesses: SEO, Design, MarketingAdvanced Splash SiteSign Ups: Over 500Many Phone Calls & EmailsSEO RankingsAll Without A Launched Product Yet!
  • 15.
    That’s All Folks..PowerPoint Will Be Made Available Online AfterwardsQuestions???