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Conversations with

Startup CEOs
about

Judy Schramm, CEO
ProResource, Inc.
February 11, 2014
Don’t think about
marketing until
after you have
your first
customers
In an established business,
marketing comes before sales
ESTABLISHED
BUSINESS
In a startup, there’s too
much that’s uncertain…
You don’t know enough to
create a marketing plan
until you have your first
customers.
The process of getting those
customers will give you the
information you need to
create your marketing
strategy.

STARTUP
Who are your
first customers?
 People you know
 People who know people you know
So tell everyone
what you are doing!

“Startup Marketing:
How to Get Your
First Customers Fast”
Don’t worry about someone stealing
your idea…
• Most people are not entrepreneurs
• Entrepreneurs have their own ideas
(which they think are better than
yours)

If they actually can
do it better than you…

Let them!
You can come up with an even better idea.
Next Step to Getting Early Customers
Run experiments
on LinkedIn to
discover:
 Who is most interested in what you are doing
 How best to describe your solution
Create a Testing Matrix
Message
#1
Target
#1
Target
#2
Target
#3

Message
#2

Message
#3

Message
#4

1000 introductions
= 50 interested

Message
#5

Try different
benefits
Use different
words

 You need 50-100 per cell
 Tag them so you know who was in each group
(and you don’t contact anyone twice)
 Track results!

Try different industries, job titles, keywords
How to Price for Your First Customers
Early Pricing
• First customers – FREE
• Next customers pay
something
• Start charging full price as
quickly as possible

Better Strategy
• Find 3 customers willing to
fund development
• Give 50-75% off
• They get in first
• They get to help define the
product
• You get proof, early
references
Now it’s time to think about
marketing…

Identify

Educate

Build
Credibility
People who have the problem

Know they have
the problem

Know there’s a solution

Your Target Market

Willing to pay
what you charge

Willing to solve
it your way
Inbound vs. Outbound
Being findable
• SEO
• Blogging
• Social media
• AdWords

Finding them
• Email blasts
• Direct mail
• Conference
• Public relations

Closer to the center of the target? Inbound.
At the outside? Outbound.
Content Marketing Strategy
Focus education efforts on the biggest issue…
• Do they recognize they have a problem?
• Do they know it’s solvable?
• What are the solutions they know about?
• Do they understand your approach?
• Do they appreciate why it is better?
What do they need to know?
• What problem(s) do you solve?
• How do you solve them? (how
the process/product works)
• What will they have to do to
before they can use it?
• What are common objections or
misconceptions?
• How does pricing work?
• What kind of results can they
expect?
• How long will it take to get
results?
• What sets you apart from similar
solutions?
• Why is your solution worth what
you charge?
“Ideas for
Educational Articles”
Build credibility
• When you have customers
– Quotes, case studies

• Before you have reference-able customers
– Statistics – show you understand the process
– Third-party validation
– Social media activity

“5 Ways to Increase Credibility
on Your Website”
Marketing has to be debugged,
just like software.
Try

Analyze

Do small,
inexpensive tests
until you get
something that works

Measure
“The Role of Marketing
During Beta Testing”
Getting Ready to Hire Marketing
Before you hire, set the foundation:
• LinkedIn experiments
• Keyword analysis
• Personas
Message
#1

Message
#2

Message
#3

Message
#4

Message
#5

Target
#1
Target
#2
Target
#3

“Create Website Personas”
Your Marketing Team
• Get advice, strategy from a senior person
– Take advantage of free consultations
– Buy an hour of brainstorming at a time

• Execute with junior people
• Hire for skill in the area you need most +
expertise in your target market

“12 Questions to Ask
Any Marketing Professional”
Contact
Judy Schramm
ProResource, Inc.
703-824-8482
jschramm@proresource.com

http://blog.proresource.com/
www.linkedin.com/in/judyschramm
@proresource

We design LinkedIn
lead generation programs
for B2B tech firms.

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Conversations with Startup CEOs about Marketing

  • 1. Conversations with Startup CEOs about Judy Schramm, CEO ProResource, Inc. February 11, 2014
  • 2. Don’t think about marketing until after you have your first customers
  • 3. In an established business, marketing comes before sales ESTABLISHED BUSINESS
  • 4. In a startup, there’s too much that’s uncertain… You don’t know enough to create a marketing plan until you have your first customers. The process of getting those customers will give you the information you need to create your marketing strategy. STARTUP
  • 5. Who are your first customers?  People you know  People who know people you know
  • 6. So tell everyone what you are doing! “Startup Marketing: How to Get Your First Customers Fast”
  • 7. Don’t worry about someone stealing your idea… • Most people are not entrepreneurs • Entrepreneurs have their own ideas (which they think are better than yours) If they actually can do it better than you… Let them! You can come up with an even better idea.
  • 8. Next Step to Getting Early Customers Run experiments on LinkedIn to discover:  Who is most interested in what you are doing  How best to describe your solution
  • 9. Create a Testing Matrix Message #1 Target #1 Target #2 Target #3 Message #2 Message #3 Message #4 1000 introductions = 50 interested Message #5 Try different benefits Use different words  You need 50-100 per cell  Tag them so you know who was in each group (and you don’t contact anyone twice)  Track results! Try different industries, job titles, keywords
  • 10. How to Price for Your First Customers Early Pricing • First customers – FREE • Next customers pay something • Start charging full price as quickly as possible Better Strategy • Find 3 customers willing to fund development • Give 50-75% off • They get in first • They get to help define the product • You get proof, early references
  • 11. Now it’s time to think about marketing… Identify Educate Build Credibility
  • 12. People who have the problem Know they have the problem Know there’s a solution Your Target Market Willing to pay what you charge Willing to solve it your way
  • 13. Inbound vs. Outbound Being findable • SEO • Blogging • Social media • AdWords Finding them • Email blasts • Direct mail • Conference • Public relations Closer to the center of the target? Inbound. At the outside? Outbound.
  • 14. Content Marketing Strategy Focus education efforts on the biggest issue… • Do they recognize they have a problem? • Do they know it’s solvable? • What are the solutions they know about? • Do they understand your approach? • Do they appreciate why it is better?
  • 15. What do they need to know? • What problem(s) do you solve? • How do you solve them? (how the process/product works) • What will they have to do to before they can use it? • What are common objections or misconceptions? • How does pricing work? • What kind of results can they expect? • How long will it take to get results? • What sets you apart from similar solutions? • Why is your solution worth what you charge? “Ideas for Educational Articles”
  • 16. Build credibility • When you have customers – Quotes, case studies • Before you have reference-able customers – Statistics – show you understand the process – Third-party validation – Social media activity “5 Ways to Increase Credibility on Your Website”
  • 17. Marketing has to be debugged, just like software. Try Analyze Do small, inexpensive tests until you get something that works Measure “The Role of Marketing During Beta Testing”
  • 18. Getting Ready to Hire Marketing Before you hire, set the foundation: • LinkedIn experiments • Keyword analysis • Personas Message #1 Message #2 Message #3 Message #4 Message #5 Target #1 Target #2 Target #3 “Create Website Personas”
  • 19. Your Marketing Team • Get advice, strategy from a senior person – Take advantage of free consultations – Buy an hour of brainstorming at a time • Execute with junior people • Hire for skill in the area you need most + expertise in your target market “12 Questions to Ask Any Marketing Professional”