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A "practical marketing" presentation I did as part of a Youth Entrepreneurship series in Toronto
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YLD Entrepreneurship Series Seize The Market,
Before It’s Too Late! Kris Zanuldin @kzanul
about me Acting VP of Emerging Commerce"@ American Express
16 years Product Development & Marketing
New York, London and Toronto
what they teach you in b-school
Product Pricing Place Promotion
• pitch! • know your environment • distribution, distribution, distribution • eyes on the prize • putting it all together
If we only had one hour… (practical marketing)
your marketing M’s
Message Medium Metrics
a word before we begin…
Good Product > Good Marketing
pitch!
1
the big idea?
2
3
4
Explain it in 60 secs or less
What’s the need?
Who are you?
Why are you different?
keep it simple (speak plainly)
Instagram makes mobile photos fast, simple, & beautiful.
#FAIL
YES!
We’re a content discovery platform that enables personalized, geo-tagged content to be distributed through widescale social networks.
a sample pitch “Think: part friend-finder, part city-guide, part social-game. Foursquare is a mobile application that helps you keep up with your friends while using game mechanics to encourage and reward users for experiencing new things.”
know your environment
Photo: Phillip Booth
know your personas Sue Moore, 33 Coffee Shop Barrista
Sue has been running her coffee shop for the last 3 years. She’s located near a busy station, so there are lot of tourists passing by her shop.
However, most of her customers come from local businesses.
She wants to attract more people to sit outside her shop while they wait for their trains.
She likes commuters as they tend to buy more stuff when they are sitting there.
She’s not allowed to advertise on her windows as that’s against local regulations.
She is allowed to have one sign outside of the shop but keeps it as a default sign as she’s too busy to update it.
Quotes “I get a lot of passer by trade and would love to attract more people within 150-200m of my store.” “Getting the regulars in more often would be great!”
• 33 years old • Married • Turnover >$100k • Barrista & owner
Characteristics • Cares about customers • Very busy day to day • Willing to try new tools to bring in business • Average Internet ability
• More repeat customers • More reach • Ideas to market her business
better
Needs • Limited budget for advertising • Unable to reach all the office workers nearby • Doesn’t understand how many people see
her adverts
Pain Points
Devices
• 18-34 years old • Own a House • Income $80k-$150k • Male
• Need to cut the grass every week
• Have only 1 hour • Low maintenance
This is correlation… This is causation…
I just bought a lawnmower
know the job
know the competition (and your position)
distribution, distribution, distribution
the funnel AWARENESS
CONSIDERATION
CONVERSION
LOYALTY
ADVOCACY
your channels
OWNED MEDIA
web content twitter / facebook
blogs
PAID MEDIA search ads
display ATL
EARNED MEDIA re-tweets shares
bloggers
guerilla marketing
Budgets are fixed…. Creativity is unlimited
content is king
not this…
get this…
eyes on the prize
what’s success?
Rule of thumb: • Early: awareness, distribution,
usage, user experience • Intermediate: sales, rev
growth, more distribution • Maturity: profit, cost, loyalty
Your goals will change as your business matures (keep it to <3)
beware vanity metrics (the tale of FSQ vs. Gowalla)
always be validating
• Smoke tests • A/B Testing • Focus Groups • Observational Research
Minimize the time to get learnings and make adjustments
putting it all together
your marketing plan ü elevator pitch ü customer personas ü competitive position ü distribution strategy & media mix ü content strategy ü goals
Thank You!