This presentation was delivered on the topic of prioritising the marketing to a group attending lectures as part of the University of Melbourne's Accelerator program MAP.
11. “focus relentlessly on achieving
product/market fit”
- Marc Andressen (Moziaic, Netscape, Ning, Andressen
Howitz… and a whole lot of other stuff)
“sustainable growth programs are built
on a core understanding of the value of
your solution in the minds of your most
passionate customers”
- Shaun Ellis (Logmein, Dropbox, KissMetrics, Qualaroo)
12. “Invest your marketing money in your product
and your service. Get that right, and your
customers will take care of your marketing for
you…”
13. Net Promoter Score:
Would you recommend this product to a friend?
Quantifying value
Avg. +10 -15, World Class. +50
“Very” Recommendation
>40% Focus on funnel metrics,
transitioning for growth
<40% Keep iterating product, positioning
and targeting
14. Find out why
Knowing why you matter informs your messaging through
the remaining stages of growth
21. AARRR
Acquisition - users come to site from various channels
Activation – customers use product for the first time
Retention – customers come back multiple times
Referral – customers refer others
Revenue – customers make your business money
Things you are in control of now
- Dave McLure (500 Startups)
40. Summary • Know your customer
• Remember you are trying to change
behaviors
• Build something people need
• Optimise your marketing funnel
• Spend all your hard earned $$$