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Harvard innovation lab :       Michael J Skok :           Startup Secrets :   Go To Market
 Hi
Hi    Harvard innovation lab
         #innovationlab              @mjskok                     #startupsecrets    www.mjskok.com




                           START UP    Case in point:


                           SECRETS
                             An insider’s guide to unfair competitive advantage
                                 When Outbound makes sense




                                   Going To Market (GTM)


                                           MICHAEL J SKOK
                                         North Bridge Venture Partners

                                          twitter: @mjskok mjskok.com
                                                                                                     1
Harvard innovation lab :   Michael J Skok :   Startup Secrets :   Go To Market
Hi                                                                       www.mjskok.com
          #innovationlab          @mjskok            #startupsecrets




          When some Outbound Marketing
           Makes Sense for the Startup
                             Mark Lorion @mark_lorion
                                  Apperian, CMO

                to be viewed in conjunction with
     http://mjskok.com/resource/gtm-outbound-marketing

               and as part of overall GTM session
          http://www.mjskok.com/resources/go-market

                                                                                          2
Harvard innovation lab :                        Michael J Skok :                     Startup Secrets :   Go To Market
      Hi                                                                                                                   www.mjskok.com
                       #innovationlab                             @mjskok                              #startupsecrets




                                             Inbound! Outbound!
                                                    ???




                                                                                                                                            3
Image http://global.fncstatic.com/static/managed/img/fn-latino/politics/obama%20romney%20debate2.jpg
Harvard innovation lab :   Michael J Skok :   Startup Secrets :   Go To Market
Hi                                                                      www.mjskok.com
         #innovationlab          @mjskok            #startupsecrets




     B2B Outbound Marketing
When company initiates the
conversation and sends out
a message.
     – email blasts
     – cold calls
     – "appointment setting"
       outsourced agencies
     – list buys
     – direct mail
     – "cluster busters"
     – trade shows
     – retargeting programs
                                                                                         4
Harvard innovation lab :             Michael J Skok :   Startup Secrets :   Go To Market
       Hi                                                                                   www.mjskok.com
                  #innovationlab                    @mjskok            #startupsecrets




   Benefits                                                            Considerations
   •        Fast to implement                                          •   More intrusive…
             – Don't need to wait for SEO                                    – leads to lower conversion rates
               rankings to kick in… just pick up                             – Impact on perception of your
               your phone or walk a tradeshow                                  brand
               floor
                                                                       •   Can have very high $$$/Lead
   •        Very quick/immediate feedback
                                                                       •   Not likely to produce any viral
            cycles for testing
                                                                           scale
             – Live feedback, A/B message
               testing, click-through data, and
               more                                                    •   Should be done in conjunction
             – Helps to guide content                                      with content people want/value…
               development for Inbound tactics!                            but this will carry some costs of
   •        Laser-focused targeting when                                   Inbound
            ideal profile known
    • Can raise awareness in your
            target segment and drive
            prospects to search and enter the
                                                                                                                 5
            "Inbound funnel”
Image: http://images.huffingtonpost.com/2012-10-23-ID10095923.jpg
Harvard innovation lab :               Michael J Skok :   Startup Secrets :   Go To Market
      Hi                                                                                        www.mjskok.com
                        #innovationlab                   @mjskok            #startupsecrets




           When you may want some Outbound
           Marketing in your startup Playbook
      • Very clear segment definition and know precisely
        who you need to reach
      • Or… uncertainty about ideal segment and want to
        get quick feedback from testing
      • Complex internal buying landscapes with senior
        influencers
      • Higher average selling price (ASP) and can justify
        $/lead
      • Need to get started very quickly
                                                                                                                 6
Image http://www.monarchfunzone.com/football-field.jpg
Harvard innovation lab :                         Michael J Skok :        Startup Secrets :    Go To Market
       Hi                                                                                                        www.mjskok.com
                        #innovationlab                               @mjskok                #startupsecrets




               Critical success factors



     Segment, Segment,                                       Alignment                      Rockstar            Watch the Waterfall
         Segment                                                                           Telequalifier

    Clearly identify target                       Critical to have                     A person who commands    Need to keep an eye on
    profile (Segments,                            messages and calls-to-               the messages, is well    your "waterfall" metrics to
    Actors, Scenes!)                              action that map tightly to           aligned with the sales   ensure the financials and
                                                  target segment                       team/channel, and can    ROI work when operating
    Be narrow. You can                                                                 provide immediate        at scale (vs, just testing)
    always test again.                                                                 feedback on what's
                                                                                       working/not working


Image http://www.creativityworks.net/wp-content/uploads/2010/07/ducks-in-a-row.jpg
                                                                                                                                          7
Image http://www.call-center.net/MPj04386950000[1].jpg
Harvard innovation lab :   Michael J Skok :   Startup Secrets :   Go To Market
Hi                                                                      www.mjskok.com
         #innovationlab          @mjskok            #startupsecrets




     For more information
     See the full resource on Go To Market at
     http://www.mjskok.com/resources/go-market




                                                                                         8

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When Outbound Marketing makes sense

  • 1. Harvard innovation lab : Michael J Skok : Startup Secrets : Go To Market Hi Hi Harvard innovation lab #innovationlab @mjskok #startupsecrets www.mjskok.com START UP Case in point: SECRETS An insider’s guide to unfair competitive advantage When Outbound makes sense Going To Market (GTM) MICHAEL J SKOK North Bridge Venture Partners twitter: @mjskok mjskok.com 1
  • 2. Harvard innovation lab : Michael J Skok : Startup Secrets : Go To Market Hi www.mjskok.com #innovationlab @mjskok #startupsecrets When some Outbound Marketing Makes Sense for the Startup Mark Lorion @mark_lorion Apperian, CMO to be viewed in conjunction with http://mjskok.com/resource/gtm-outbound-marketing and as part of overall GTM session http://www.mjskok.com/resources/go-market 2
  • 3. Harvard innovation lab : Michael J Skok : Startup Secrets : Go To Market Hi www.mjskok.com #innovationlab @mjskok #startupsecrets Inbound! Outbound! ??? 3 Image http://global.fncstatic.com/static/managed/img/fn-latino/politics/obama%20romney%20debate2.jpg
  • 4. Harvard innovation lab : Michael J Skok : Startup Secrets : Go To Market Hi www.mjskok.com #innovationlab @mjskok #startupsecrets B2B Outbound Marketing When company initiates the conversation and sends out a message. – email blasts – cold calls – "appointment setting" outsourced agencies – list buys – direct mail – "cluster busters" – trade shows – retargeting programs 4
  • 5. Harvard innovation lab : Michael J Skok : Startup Secrets : Go To Market Hi www.mjskok.com #innovationlab @mjskok #startupsecrets Benefits Considerations • Fast to implement • More intrusive… – Don't need to wait for SEO – leads to lower conversion rates rankings to kick in… just pick up – Impact on perception of your your phone or walk a tradeshow brand floor • Can have very high $$$/Lead • Very quick/immediate feedback • Not likely to produce any viral cycles for testing scale – Live feedback, A/B message testing, click-through data, and more • Should be done in conjunction – Helps to guide content with content people want/value… development for Inbound tactics! but this will carry some costs of • Laser-focused targeting when Inbound ideal profile known • Can raise awareness in your target segment and drive prospects to search and enter the 5 "Inbound funnel” Image: http://images.huffingtonpost.com/2012-10-23-ID10095923.jpg
  • 6. Harvard innovation lab : Michael J Skok : Startup Secrets : Go To Market Hi www.mjskok.com #innovationlab @mjskok #startupsecrets When you may want some Outbound Marketing in your startup Playbook • Very clear segment definition and know precisely who you need to reach • Or… uncertainty about ideal segment and want to get quick feedback from testing • Complex internal buying landscapes with senior influencers • Higher average selling price (ASP) and can justify $/lead • Need to get started very quickly 6 Image http://www.monarchfunzone.com/football-field.jpg
  • 7. Harvard innovation lab : Michael J Skok : Startup Secrets : Go To Market Hi www.mjskok.com #innovationlab @mjskok #startupsecrets Critical success factors Segment, Segment, Alignment Rockstar Watch the Waterfall Segment Telequalifier Clearly identify target Critical to have A person who commands Need to keep an eye on profile (Segments, messages and calls-to- the messages, is well your "waterfall" metrics to Actors, Scenes!) action that map tightly to aligned with the sales ensure the financials and target segment team/channel, and can ROI work when operating Be narrow. You can provide immediate at scale (vs, just testing) always test again. feedback on what's working/not working Image http://www.creativityworks.net/wp-content/uploads/2010/07/ducks-in-a-row.jpg 7 Image http://www.call-center.net/MPj04386950000[1].jpg
  • 8. Harvard innovation lab : Michael J Skok : Startup Secrets : Go To Market Hi www.mjskok.com #innovationlab @mjskok #startupsecrets For more information See the full resource on Go To Market at http://www.mjskok.com/resources/go-market 8