1. Marketing Do’s and Don’ts
For Early Stage Startups
By Aassia Haq
Presented to Collide Village Accelerator
Addison, Texas
Dec 12, 2014
2. 5 Key Startup Marketing Questions
• Why do I exist? (Startup, not YOU!)
• Who is the customer I need to speak to? (if only I had the money,
skills, connections?)
• Do I have a clear brand story? (Positioning and brand architecture)
• Is my market space competitive (or am I first-mover?) Trick
question
• If my product/service went away who would care most? (other than
me/my cofounders?)
3. 1. Why Do I Exist? (Startup, Not YOU!)
IIInInnnfffofooorrrrmmmmaaaattttiioioioonnnn AAAAwwwwaaaarrrreeeennnneeeessssssss AAAAggggrrrreeeeeeeemmmmeeeennnntttt CCCChhhhaaaannnnggggeeee
• Don’t underestimate the cost of changing behavior (marketing continuum)
• Do start with functional benefits; persistently work to build awareness
• Don’t think customer feels the urgency you do for your product/service
• Do use video, testimonials, ratings and other trust tools that emulate face to
face conversation to create agreement and behavior change
• Do personally evangelize & story-tell in social channels - CEO is best
salesperson and can best answer - why does this exist?
4. 2. Who is the Customer I Need to Speak to (If Only I
had Money, Skills, Connections?)
MMMMVVVVCCCC
• Do find your most valuable customer - and spend more time on them
• Don’t try to attack multiple segments at once, each requires equal effort
• Don’t think or say your product is for everyone. (80/20 rule)
• Don’t forget to focus on partners/channels that touch your MVC - build a
partner marketing plan and ensure partners can easily outreach to you
• Do personally evangelize & story-tell in social channels - CEO is best
salesperson and can best answer - why does this exist?
5. 3. Do I have a Clear Brand Story? (Positioning,
Architecture, Communication)
Template for a Positioning Statement
For (target audience), (brand name) is the (frame of reference) that
delivers (benefit/point of difference) because only (brand name) is reason
to believe).
Read: http://www.brandeo.com/positioning%20statement OR http://www.pinterest.com/pin/460070918153266467/ (Listerine)
• Do team to create positioning statement, vision/mission (include MVC and
VC/Angel in process)
• Don’t reinvent your message - be disciplined & consistent (esp you CEO!)
• Don’t be verbose - be straightforward + let MVC show & tell story of your
brand
• Don’t forget UX/UI - your Web site/product embodies your brand, it’s not
an afterthought and designers should be briefed on brand architecture
6. 4. Is My Market Space Competitive? (Or Am I First
Mover) - Trick question
FFiirrsstt MMoovveerr BBuurrddeenn
FFiirrsstt MMoovveerr BBuurrddeenn
==
==
CCaatteeggoorryy ++ PPrroodduucctt
CCaatteeggoorryy ++ PPrroodduucctt
IInnvveessttmmeenntt
IInnvveessttmmeenntt
• Don’t underestimate the cost & time needed to build awareness for a new
segment (take bigger $ to quickly amp awareness if product ready for it)
• Don’t talk to your customer about being a first mover - they don’t care
• Do focus on positive (product benefit) not negative (how you are better
than/different than XYZ competitor, since they trust that entity more)
• Don’t assume customers want to solve the pain point - the chaos in their
life and prioritization is your biggest competitor
7. 5. If My Product/Service Disappeared, Who Would Care
Most? (Other Than Me/CoFounders)?
BBBBaaaacccckkkk t tttoooo M MMMVVVVCCCC
• Do build a deep, trusted relationship with early adopters - listen hard
• Do reward MVCs, with recognition, prizes, conferences, Google hangouts
• Don’t be afraid to ask for money; everything in life ain’t free - price for
profit or you won’t know if your product is sustainable
• Do wake up thinking about the first question “Why Do I Exist”
• Don’t forget to take care of your most important brand asset - YOU
8. As Seen On The Wall Leaving @TreeHouseTX
@CollideVillage Startups - It’s All About This: