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The field of dreams gap If you build it they will come

Customer Acquisition: Growth marketing for startups

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Ready, set, launch! Were you thinking "if you build it they will come" would work? This deck is a how-to guide for developing a customer acquisition for your startup. Customer acquisition marketing has become a hot topic with the expansion of "growth hacking" and Chris breaks down the lenses of how to develop your own strategy. Topics covered include: * The "field of dreams" misconception - if you build it they will come * The Ravikant Thesis by Naval Ravikant - there are only three customer acquisition strategies that matter for startups, SEO, SEM & Viral - how to understand if they will work for you * Understanding the basis of Growth Hacking by Thomas Knoll * Devising strategies for inbound marketing channels * User retention through drip marketing *

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Page 1: Customer Acquisition: Growth marketing for startups

The field of dreams gapIf you build it they will come

Page 2: Customer Acquisition: Growth marketing for startups

Launch!

Page 3: Customer Acquisition: Growth marketing for startups

Launch!

Page 4: Customer Acquisition: Growth marketing for startups

Launch!

Page 5: Customer Acquisition: Growth marketing for startups

Launch!

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Field of dreams gap

http://chrisschultz.net/post/42363863885/testing-validating-your-market-assumptions

Page 7: Customer Acquisition: Growth marketing for startups

Ravikant thesisThe only customer acquisition strategies that matter in a startup are:

http://venturehacks.com/

Page 8: Customer Acquisition: Growth marketing for startups

Ravikant thesisThe only customer acquisition strategies that matter in a startup are:

Spending $25,000 on PR to get into TechCrunch

http://venturehacks.com/

Page 9: Customer Acquisition: Growth marketing for startups

Ravikant thesisThe only customer acquisition strategies that matter in a startup are:

Spending $25,000 on PR to get into TechCrunch

http://venturehacks.com/

Page 10: Customer Acquisition: Growth marketing for startups

Ravikant thesisThe only customer acquisition strategies that matter in a startup are:

Spending $25,000 on PR to get into TechCrunch

•SEO•SEM•Viral

http://venturehacks.com/

Page 11: Customer Acquisition: Growth marketing for startups

Create a lensMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Page 12: Customer Acquisition: Growth marketing for startups

Create a lensMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

“I’m a great photog”

Page 13: Customer Acquisition: Growth marketing for startups

Create a lensMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

“I’m a great photog”

“I’m smart”

Page 14: Customer Acquisition: Growth marketing for startups

Create a lensMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

“I’m a great photog”

“I’m smart”

“I’m hilarious”

Page 15: Customer Acquisition: Growth marketing for startups

Who is your customer?(or no-nonsense growth hacking)

1) Who would be pissed if they could no longer use your product?

2) Where do they hang out?

3) What creates trust? a) referral b) “the crowd” c) an expert

4) Put high-trust experience in front of most-likely-to-be-interested people. Scale, repeat.

http://www.quora.com/Growth-Hacking/Is-growth-hacking-nonsense/answer/Thomas-Knoll

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Inbound marketing

http://www.slideshare.net/randfish/the-power-of-inbound-marketing

Page 17: Customer Acquisition: Growth marketing for startups

Devise scalable & repeatable strategies

1. Do it yourself2. Did it work?3. Document it4. Delegate it5. Calendar it6. Measure it

Repeatable

Editorial

You

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Measure & optimize

AARRRR

http://500hats.typepad.com/500blogs/2007/09/startup-metrics.html

Page 19: Customer Acquisition: Growth marketing for startups

Metrics that matterCreate a dashboard of what matters in your business

Map metrics to actions

http://www.ashmaurya.com/2010/07/3-rules-to-actionable-metrics/

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User retention

http://paulstamatiou.com/startup-user-retention-lifecycle-email

Lifecycle email marketing

Page 21: Customer Acquisition: Growth marketing for startups

User retention

http://paulstamatiou.com/startup-user-retention-lifecycle-email

Lifecycle email marketing

Ego boost

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Use toolsOutreach

OptimizeMeasure

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Simple, right?

Let’s apply to BarNotes

Page 24: Customer Acquisition: Growth marketing for startups

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Page 25: Customer Acquisition: Growth marketing for startups

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Page 26: Customer Acquisition: Growth marketing for startups

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Page 27: Customer Acquisition: Growth marketing for startups

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

Page 28: Customer Acquisition: Growth marketing for startups

Ravikant thesisMethod Lens Y/N

SEO•accessible UGC•content hub & authoritative•content generates links

SEM•immediate path to revenue•CPA < LTV• revenue≠affiliate fees

Viral•sharing built into product•shareable content (ie: says something about user)

“I am a cocktail aficionado”

Page 29: Customer Acquisition: Growth marketing for startups

App store SEO

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Link building

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Weekly tweets

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Newsletter

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Influencer outreach

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Thanks!

• Twitter: @cschultz

• Blog: chrisschultz.net

• Email: [email protected]

@flatstack @launchpad