Customer Acquisition: Growth marketing for startups

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Ready, set, launch! Were you thinking "if you build it they will come" would work? This deck is a how-to guide for developing a customer acquisition for your startup. Customer acquisition marketing has become a hot topic with the expansion of "growth hacking" and Chris breaks down the lenses of how to develop your own strategy. Topics covered include: * The "field of dreams" misconception - if you build it they will come * The Ravikant Thesis by Naval Ravikant - there are only three customer acquisition strategies that matter for startups, SEO, SEM & Viral - how to understand if they will work for you * Understanding the basis of Growth Hacking by Thomas Knoll * Devising strategies for inbound marketing channels * User retention through drip marketing *

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The field of dreams gapIf you build it they will come

Launch!

Launch!

Launch!

Launch!

Field of dreams gap

http://chrisschultz.net/post/42363863885/testing-validating-your-market-assumptions

Ravikant thesisThe only customer acquisition strategies that matter in a startup are:

http://venturehacks.com/

Ravikant thesisThe only customer acquisition strategies that matter in a startup are:

Spending $25,000 on PR to get into TechCrunch

http://venturehacks.com/

Ravikant thesisThe only customer acquisition strategies that matter in a startup are:

Spending $25,000 on PR to get into TechCrunch

http://venturehacks.com/

Ravikant thesisThe only customer acquisition strategies that matter in a startup are:

Spending $25,000 on PR to get into TechCrunch

•SEO•SEM•Viral

http://venturehacks.com/

Create a lensMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Create a lensMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

“I’m a great photog”

Create a lensMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

“I’m a great photog”

“I’m smart”

Create a lensMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

“I’m a great photog”

“I’m smart”

“I’m hilarious”

Who is your customer?(or no-nonsense growth hacking)

1) Who would be pissed if they could no longer use your product?

2) Where do they hang out?

3) What creates trust? a) referral b) “the crowd” c) an expert

4) Put high-trust experience in front of most-likely-to-be-interested people. Scale, repeat.

http://www.quora.com/Growth-Hacking/Is-growth-hacking-nonsense/answer/Thomas-Knoll

Inbound marketing

http://www.slideshare.net/randfish/the-power-of-inbound-marketing

Devise scalable & repeatable strategies

1. Do it yourself2. Did it work?3. Document it4. Delegate it5. Calendar it6. Measure it

Repeatable

Editorial

You

Measure & optimize

AARRRR

http://500hats.typepad.com/500blogs/2007/09/startup-metrics.html

Metrics that matterCreate a dashboard of what matters in your business

Map metrics to actions

http://www.ashmaurya.com/2010/07/3-rules-to-actionable-metrics/

User retention

http://paulstamatiou.com/startup-user-retention-lifecycle-email

Lifecycle email marketing

User retention

http://paulstamatiou.com/startup-user-retention-lifecycle-email

Lifecycle email marketing

Ego boost

Use toolsOutreach

OptimizeMeasure

Simple, right?

Let’s apply to BarNotes

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

“I am a cocktail aficionado”

App store SEO

Link building

Weekly tweets

Newsletter

Influencer outreach

Thanks!

• Twitter: @cschultz

• Blog: chrisschultz.net

• Email: chris@flatstack.com

@flatstack @launchpad