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How to market your product?
Ravi Padaki
TIE Boot Camp
Bangalore
ENTERPRISE CONSUMER
Introductions
Challenge Conventional Wisdom
“I think generally people’s thinking process is
too bound by convention or analogy to prior
experiences. It’s rare that people try to think of
something on a first principles basis. They’ll say,
“We’ll do that because it’s always been done
that way.” Or they’ll not do it because “Well,
nobody’s ever done that, so it must not be
good.” But that’s just a ridiculous way to think..“
-Elon Musk
Where art thou?
Key Aspects
Product
Target
Segment
Driving user
traffic
PositioningPricing
Sales &
Distribution
Classic Marketing Funnel
Awareness
Interest
Desire
Action
The Marketing Funnel
how the customer thinks…
Do I know you?
Why should I care?
What’s in it for me?
How do I get it?
When can I get it?
Enterprise Marketing Funnel
Awareness
Interest
Understanding
Engagement
Trial
Purchase
Retention
May vary by industry, sector, product
Hi Tech Product Life Cycle
(based on Laws of Diffusion of Innovation)
12
Being First or Being the Leader Matters
Your brand can evolve as your company matures
Great products sell themselves
Marketing is Art, Not Science
Conferences are a waste of money
Analysts don’t matter
Word of Mouth is the best form of marketing
“Marketing is all about VALUE”
“Marketing is in the Product”
First Find A
Blueprint for Customer Success
Retention, Retention, Retention!
“Marketing is all about generating
DEMAND”
How do you generate demand?
Can you get your message above the noise?
And does it stick with emotion?
How do you generate demand?
Can you make it easy for customers to buy?
“Marketing is all about understanding
consumer PSYCHOLOGY”
Converting prospects to customers
How to generate demand?
Science of Persuasion
Reciprocity - e.g. Be the first to give
Scarcity – e.g. Limited time availability
Authenticity – e.g. Talk about expertise
Consistency - e.g. Ask for voluntary commitments
Liking - e.g. Establish background of relatedness
Consensus – e.g. Reuse of towels with feedback
Search on youtube for a short video
Research And Purchase Trends
Purchase
Online e.g. Large appliances
e.g. Books, Music,
Apparel
Offline e.g. Apparel e.g. Luxury goods
Offline Online
Research
How to come up with positioning?
For (target customers)
Who are dissatisfied with (the current market
alternatives)
Our product is a (new product category)
That provides (key problem-solving capability)
Unlike (the product alternative)
We have (assembled key whole product features
for your specific application)
“Marketing is all about
PERSONALIZATION”
“Marketing is all about EXECUTION”
Channel Reach Opened/Inter
ested
Clicked/Evaluat
ed/Had a
question
Conversion % Total spend Total Cost of
Acquiring
CAC per
customer
Webinars
Social
networks
SEM
SEO
PR
Campaign
Contests
Apps &
Widgets
Domains
Blogs
Emails
Affiliates
Biz Dev
TV
Print
Conferences/S
eminars
Phase Tool Goal Key Personas
Pre-Launch Blog, Twitter,
Google
Analytics
Awareness Compelling
content
Visionary
Launch Blogger PR Interest Unique,
differentiated
position
Technocrat
Build pipeline Video, You
tube
Understanding Evangelist,
crisp script
Operator
Customer acquisition Webinars Engagement &
Trial
Passionate
customers
Influencer
Production customers Forums Purchase,
Repeat
purchases
Passionate,
active
customers
Economic
buyer, Decision
maker
Guerrilla Marketing Plan
Price is what you pay. Value is what you get!
- Warren Buffett
Engines of growth (Lean Startup)
Sticky
• e.g. News sites
Virality
• e.g. Social networks
Paid
• e.g. Ecommerce
Track the right metrics
Revenues
Referral
Retention
Activation
Acquisition
Source: Dave McClure’s Pirate Metrics - AARRR
Thank You
Ravi Padaki
Founder, Pravi Solutions
Mobile: (91) 953-557-3939
Email: ravi@pravisolutions.com
Web: www.pravisolutions.com
Do more with ideas…Do more with ideas…Do more with ideas…Do more with ideas…

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TIE_AP2016_BootCamp_ProductMarketing

  • 1. How to market your product? Ravi Padaki TIE Boot Camp Bangalore
  • 2.
  • 5.
  • 6. Challenge Conventional Wisdom “I think generally people’s thinking process is too bound by convention or analogy to prior experiences. It’s rare that people try to think of something on a first principles basis. They’ll say, “We’ll do that because it’s always been done that way.” Or they’ll not do it because “Well, nobody’s ever done that, so it must not be good.” But that’s just a ridiculous way to think..“ -Elon Musk
  • 10. The Marketing Funnel how the customer thinks… Do I know you? Why should I care? What’s in it for me? How do I get it? When can I get it?
  • 12. Hi Tech Product Life Cycle (based on Laws of Diffusion of Innovation) 12
  • 13. Being First or Being the Leader Matters Your brand can evolve as your company matures Great products sell themselves Marketing is Art, Not Science Conferences are a waste of money Analysts don’t matter Word of Mouth is the best form of marketing
  • 14. “Marketing is all about VALUE”
  • 15. “Marketing is in the Product”
  • 16. First Find A Blueprint for Customer Success
  • 18. “Marketing is all about generating DEMAND”
  • 19. How do you generate demand? Can you get your message above the noise? And does it stick with emotion?
  • 20.
  • 21. How do you generate demand? Can you make it easy for customers to buy?
  • 22.
  • 23.
  • 24. “Marketing is all about understanding consumer PSYCHOLOGY”
  • 26. How to generate demand? Science of Persuasion Reciprocity - e.g. Be the first to give Scarcity – e.g. Limited time availability Authenticity – e.g. Talk about expertise Consistency - e.g. Ask for voluntary commitments Liking - e.g. Establish background of relatedness Consensus – e.g. Reuse of towels with feedback Search on youtube for a short video
  • 27. Research And Purchase Trends Purchase Online e.g. Large appliances e.g. Books, Music, Apparel Offline e.g. Apparel e.g. Luxury goods Offline Online Research
  • 28. How to come up with positioning? For (target customers) Who are dissatisfied with (the current market alternatives) Our product is a (new product category) That provides (key problem-solving capability) Unlike (the product alternative) We have (assembled key whole product features for your specific application)
  • 29. “Marketing is all about PERSONALIZATION”
  • 30.
  • 31. “Marketing is all about EXECUTION”
  • 32. Channel Reach Opened/Inter ested Clicked/Evaluat ed/Had a question Conversion % Total spend Total Cost of Acquiring CAC per customer Webinars Social networks SEM SEO PR Campaign Contests Apps & Widgets Domains Blogs Emails Affiliates Biz Dev TV Print Conferences/S eminars
  • 33. Phase Tool Goal Key Personas Pre-Launch Blog, Twitter, Google Analytics Awareness Compelling content Visionary Launch Blogger PR Interest Unique, differentiated position Technocrat Build pipeline Video, You tube Understanding Evangelist, crisp script Operator Customer acquisition Webinars Engagement & Trial Passionate customers Influencer Production customers Forums Purchase, Repeat purchases Passionate, active customers Economic buyer, Decision maker Guerrilla Marketing Plan
  • 34. Price is what you pay. Value is what you get! - Warren Buffett
  • 35. Engines of growth (Lean Startup) Sticky • e.g. News sites Virality • e.g. Social networks Paid • e.g. Ecommerce
  • 36. Track the right metrics Revenues Referral Retention Activation Acquisition Source: Dave McClure’s Pirate Metrics - AARRR
  • 37. Thank You Ravi Padaki Founder, Pravi Solutions Mobile: (91) 953-557-3939 Email: ravi@pravisolutions.com Web: www.pravisolutions.com Do more with ideas…Do more with ideas…Do more with ideas…Do more with ideas…