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Bowling for Marketshare
How to Grow Your Startup by Narrowing Its Focus
Entrepreneurs are curious…
…Problem Solvers…
….But Easily Bored.
Boredom Breeds…
…Product Nightmares…
… and Unhealthy Exits.
Boredom Leads to…
…Directionless Startups…
…and Product Nightmares.
It’s best to focus.
It’s best to go bowling…
…and build your firm incrementally.
Here’s how to start it in 90 days:
Bowling Pin Method of
                Segmented Growth



First Stage




1)   Review your customer base/prospects to
     look for the 3-5 ‘stars’
2)   Take them to lunch and pick their brain
3)   Learn everything about them
4)   Test assumptions against similar firms
5)   Pick only one and work it hard!
Bowling Pin Method of
                    Segmented Growth



First Stage

          Natural Market Extensions

Second Stage


1)    Start looking once you reach 30-40% of a
      given market share
2)    Look for natural market extensions
3)    Work them until you reach 30-40%
Bowling Pin Method of
                     Segmented Growth



First Stage

          Natural Market Extensions

Second Stage

      Natural Market Extensions

Third Stage
Bowling Pin Method of
                     Segmented Growth



First Stage

          Natural Market Extensions

Second Stage

      Natural Market Extensions

Third Stage

  Natural Market Extensions

Fourth Stage
90 Days to Build Sales &
                      Marketshare

The First 30 Days:
• Start and finish the selection process
• Speak to 5-10 related firms outside of your
  marketplace
• Understand their pains and develop
  messaging that’s sensitive to it
• Develop a mailing list of no larger than
  250-300 contacts for lead generation
• Set sales goals
• Don’t ignore your current customers
90 Days to Build Sales &
                       Marketshare

The Next 30 Days:
• Develop multi-stage lead generation
  program (minimum three stages)
• Create prospect qualification scoring
  system to ease sales efforts (A-B-C-D)
• Train your inside sales teams for the follow
  up efforts
• Launch lead generation program
• Qualify all contacts
• Don’t ignore new business that may not be
  related to your 1st market
90 Days to Build Sales &
                        Marketshare

The Final 30 Days:
• Pass on the “A’s” immediately to sales for
  action
• Follow-up on the “B’s” next
• Develop a lead nurturing program to
  convert A-B-C prospects into clients
   – Monthly mailings on issues that interest them
   – Attend all if not present at all tradeshows that
     are heavily attended
• Review your efforts & expand
• Work your leads
Watch out for the Pitfalls

• Doing it all yourself
   – Talent is inexpensive these days
   – Good telemarketers charge $35/hour
• Relying on assumptions
• Shifting too quickly to Stage 2
   – Expand geographically first
   – Moving to there takes time
• Not setting realistic sales goals
• Giving up too quickly
About Me

• 16 Years in B2B marketing
   – Technology & Services
   – Software & SaaS
   – Embedded Computing
• 12 Years in int’l marketing
   – German, Israeli, UK companies
   – Emerging startups to $40M firms
• Actively consulting since 1998
   – Marketing strategy and tactics
   – Clients <US$5M in revenues
Questions?

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Bowling for Marketshare

  • 1. Bowling for Marketshare How to Grow Your Startup by Narrowing Its Focus
  • 11. It’s best to focus.
  • 12. It’s best to go bowling…
  • 13. …and build your firm incrementally.
  • 14. Here’s how to start it in 90 days:
  • 15. Bowling Pin Method of Segmented Growth First Stage 1) Review your customer base/prospects to look for the 3-5 ‘stars’ 2) Take them to lunch and pick their brain 3) Learn everything about them 4) Test assumptions against similar firms 5) Pick only one and work it hard!
  • 16. Bowling Pin Method of Segmented Growth First Stage Natural Market Extensions Second Stage 1) Start looking once you reach 30-40% of a given market share 2) Look for natural market extensions 3) Work them until you reach 30-40%
  • 17. Bowling Pin Method of Segmented Growth First Stage Natural Market Extensions Second Stage Natural Market Extensions Third Stage
  • 18. Bowling Pin Method of Segmented Growth First Stage Natural Market Extensions Second Stage Natural Market Extensions Third Stage Natural Market Extensions Fourth Stage
  • 19. 90 Days to Build Sales & Marketshare The First 30 Days: • Start and finish the selection process • Speak to 5-10 related firms outside of your marketplace • Understand their pains and develop messaging that’s sensitive to it • Develop a mailing list of no larger than 250-300 contacts for lead generation • Set sales goals • Don’t ignore your current customers
  • 20. 90 Days to Build Sales & Marketshare The Next 30 Days: • Develop multi-stage lead generation program (minimum three stages) • Create prospect qualification scoring system to ease sales efforts (A-B-C-D) • Train your inside sales teams for the follow up efforts • Launch lead generation program • Qualify all contacts • Don’t ignore new business that may not be related to your 1st market
  • 21. 90 Days to Build Sales & Marketshare The Final 30 Days: • Pass on the “A’s” immediately to sales for action • Follow-up on the “B’s” next • Develop a lead nurturing program to convert A-B-C prospects into clients – Monthly mailings on issues that interest them – Attend all if not present at all tradeshows that are heavily attended • Review your efforts & expand • Work your leads
  • 22. Watch out for the Pitfalls • Doing it all yourself – Talent is inexpensive these days – Good telemarketers charge $35/hour • Relying on assumptions • Shifting too quickly to Stage 2 – Expand geographically first – Moving to there takes time • Not setting realistic sales goals • Giving up too quickly
  • 23. About Me • 16 Years in B2B marketing – Technology & Services – Software & SaaS – Embedded Computing • 12 Years in int’l marketing – German, Israeli, UK companies – Emerging startups to $40M firms • Actively consulting since 1998 – Marketing strategy and tactics – Clients <US$5M in revenues