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Startup Customer Acquisition The search for customers and $$$.... on scale!! Ivan Lim Head of Marketing - Tweaky @ivanmelvin [email protected]

Startup Customer Acquisition - Marketing Channels for Startups

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My Startup Customer Acquisition presentation given to the AngelCube Startup Accelerator teams for 2013. I give an overview of the various startup customer acquisition channels available as well as pros and cons of each channel. We cover things such as PPC, SEO, Facebook ads, Retargeting, Email, Business Development and Growth Hacking. I also jump into the importance of building great marketing systems so that founders can fire themselves from the process and scale up fast.

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Page 1: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer AcquisitionThe search for customers and $$$.... on scale!!

Ivan LimHead of Marketing - Tweaky

@[email protected]

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Startup Customer Acquisition

Most of the time startup marketing

feels like this

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Startup Customer Acquisition

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Startup Customer Acquisition

There are very rarely any silver bullets in startup marketing

Startups need to commit to trying lots of different things

and failing at most until some methods stick.

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Startup Customer Acquisition

The lay of the land (startup marketing)

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Startup Customer Acquisition

Channels & ToolsPaid Content & SEO Email Growth HackingPartnerships

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Startup Customer Acquisition

Paid

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Startup Customer Acquisition

Paid

Pros

Cons

- Fast setup- Quick validation- Highly targeted

- Expensive & Saturated- No long term asset value- There are incumbent advertisers- Requires active optimization

Search PPC

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Startup Customer Acquisition

Paid

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Startup Customer Acquisition

Paid

Pros

Cons

- Targeted audiences- Fast setup

- Generally very poor engagement- More likely to complete Naval Seal Training than click a banner ad- More likely to survive a plane crash than click a banner ad

Display advertising

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Startup Customer Acquisition

Paid

Pros

Cons

- Targeted audiences- Fast setup

- Generally very poor engagement- More likely to complete Naval Seal Training than click a banner ad- More likely to survive a plane crash than click a banner ad

Display advertising

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Startup Customer Acquisition

Paid

Pros

Cons

- Targeted audiences- Fast setup

- Generally very poor engagement- More likely to complete Naval Seal Training than click a banner ad- More likely to survive a plane crash than click a banner ad

Display advertising

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Startup Customer Acquisition

Paid

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Startup Customer Acquisition

Paid

Pros

Cons

- Some of the cheapest advertising inventory out there- Strong engagement audience- Highly targeted segmentation based on visitor actions- Cool factor and makes you appear bigger

- You need visitors first- Requires regular refreshing due to ad fatigue- Requires active optimization

Display Retargeting

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Startup Customer Acquisition

Paid

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Startup Customer Acquisition

Paid

Targeted Facebook ads according to customer emails, Facebook IDs or phone numbers!!

Page 17: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Paid

Targeted Facebook ads according to customer emails, Facebook IDs or phone numbers!!

Page 18: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Paid

Targeted Facebook ads according to customer emails, Facebook IDs or phone numbers!!

Page 19: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Paid

Pros

Cons

- Cheap inventory (but is rapidly rising)- Super awesome for consumer products- The most powerful demographic targeting available- Great for persona testing

- Facebook users starting to experience ad fatigue- Requires even more ad refreshing- Can get expensive very fast if not monitored- Best results come from driving traffic to a FB page

Facebook Ads & Custom Audiences

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Startup Customer Acquisition

Paid

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Startup Customer Acquisition

Paid

Pros

Cons

- Cheap inventory - Some large publishers - Decent engagement powered by email effectiveness- Great for identifying future partnerships

- Limited by inventory of publishers- Monthly minimum of $500

Launchbit Email Ad Network

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Startup Customer Acquisition

Paid

Page 23: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Paid

Pros

Cons

- Strong ROI potential- Outsourced salesforce strategy- Pay for results- Potential SEO benefits if configured correctly

- Around 10% of total affiliates do the work- Affiliate networks can be expensive to enter- Can get lost among sea of other advertisers

Affiliate Marketing

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Startup Customer Acquisition

Paid Email Growth HackingContent & SEO

Channels & ToolsPartnerships

Page 25: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Content & SEO

Page 26: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Content & SEO

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Startup Customer Acquisition

Content & SEO

Page 28: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Content & SEO

Page 29: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Content & SEO

h"p://seogadget.com/content1strategy1generator1tool1v21update/

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Startup Customer Acquisition

Content & SEO

h"p://www.slideshare.net/ipullrank/scaling1quality1v10

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Startup Customer Acquisition

Pros

Cons

- Building long term asset- “Free” traffic- Viral Potential- Positioning tool- Competitive advantage - Good for lead generation

- Typically a Long Game- Typically Poor direct ROI- Becoming increasingly saturated, requires Awesome not just Good content

Content Marketing & SEOContent & SEO

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Startup Customer Acquisition

Paid Email Partnerships Growth HackingContent & SEO

Channels & Tools

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Startup Customer Acquisition

Email

Page 34: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Email

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Startup Customer Acquisition

Email

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Startup Customer Acquisition

Email

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Startup Customer Acquisition

Email

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Startup Customer Acquisition

Pros

Cons

- Still one of the most engaged marketing channels- Drives significant revenue through timely offers- Trigger based email- Strong lead nurturing capability - Cheap Cheap Cheap

- Need a sizeable list to be big- Can’t hammer with offers all the time, focus on value

Email marketing Email

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Startup Customer Acquisition

Paid Email Growth HackingContent & SEO

Channels & ToolsPartnerships

Page 40: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

PartnershipsFind marketing fire hoses

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Startup Customer Acquisition

Partnerships

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Startup Customer Acquisition

Partnerships

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Startup Customer Acquisition

Partnerships

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Startup Customer Acquisition

You can hire a Virtual Assistant and Online Researcher for $3.33 an hour

Partnerships

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Startup Customer Acquisition

Partnerships

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Startup Customer Acquisition

Partnerships

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Startup Customer Acquisition

Partnerships

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Startup Customer Acquisition

Partnerships

http://www.distilled.net/blog/miscellaneous/find-almost-anybodys-email-address/

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Startup Customer Acquisition

Partnerships

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Startup Customer Acquisition

Partnerships

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Startup Customer Acquisition

Partnerships

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Startup Customer Acquisition

Pros

Cons

- Competitive Advantage- Huge Audiences- Brand Presence- Benefits other marketing channels

- Hard to automate- Long sales cycle

Partnerships Partnerships

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Startup Customer Acquisition

Paid Email Partnerships / Direct Sales Growth HackingContent & SEO

Channels & Tools

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Startup Customer Acquisition

Growth Hacking

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Startup Customer Acquisition

Growth Hacking

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Startup Customer Acquisition

Growth Hacking

Josh Elman

We dug in to our data for our most engaged users and tried to learn what the “aha” moment was for them. We then rebuilt our entire new user experience to engineer that moment more quickly.

It turned out that if you manually selected and followed at least 5-10 Twitter accounts in your first day on Twitter, you were much more likely to become a long term user, since you had chosen things that interested you. And if we helped someone you know follow you back, then even better. As we kept tweaking the features to focus on helping users achieve these things, our retention dramatically rose.

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Startup Customer Acquisition

Growth Hacking

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Startup Customer Acquisition

Growth Hacking

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Startup Customer Acquisition

Growth Hacking

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Startup Customer Acquisition

Growth Hacking

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Startup Customer Acquisition

Mix tactics together

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Contact New Partner for Co-brand

Webinar

Landing Page& Webinar

Purchase & Engage

Those who didn’t attend

webinar or not engaging

Startup Customer Acquisition

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Almost anything can scale

Startup Customer Acquisition

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Startup Customer Acquisition

Fire yourself

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Startup Customer Acquisition

Attribution is important

Page 66: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer Acquisition

Strong Systems =

Strong Startup Marketing

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Startup Customer Acquisition

Page 68: Startup Customer Acquisition - Marketing Channels for Startups

Startup Customer AcquisitionThe search for customers and $$$.... on scale!!

Ivan LimHead of Marketing - Tweaky

@[email protected]