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A Systems Approach to
   Startup Marketing
 A solution to random acts of
           marketing

          April Dunford
          @aprildunford
       RocketWatcher.com
April Dunford
As a marketing exec:
  6 startups: 4 launches, $1B revenue, $2B
  acquisitions
  3 big companies: 2 product line launches,
  $3B revenue, 8 acquisitions (buy side)
As a Marketing Bon Vivant/Gallivanter:
  project-based marketing work, advisor,
  instructor, investor, coffee/beer drinker
How does an engineer
become a career marketer?
Step 1: Get friend to give you a marketing job
Step 1: Get friend to give you a marketing job
Step 2: Don’t get fired
Step 1: Get friend to give you a marketing job
Step 2: Don’t get fired

(Pro tip: Step 2 is way harder than Step 1)
What I learned reading 100’s
marketing books plus taking a
 ton of marketing courses:
Marketing theory
   is useless
Marketing theory
         is useless
(until after you know what you’re doing)
The 5th P of Marketing:
The 5th P of Marketing:
       Pissed off!
Meanwhile:
“Hack me some $$,
 Growth Hacker!!”
So I started doing
“marketing” stuff.
The Cycle of Marketing Meh
                         Marketing
                          Fashion
                        Assessment*


                                         Select
          Improve
                                         tactics




                Measure            Execute



* Where you look at what everyone else is doing
1. No relationship or consistency
   between the tactics
1. No relationship or consistency
   between the tactics
2. Assumptions were always a problem
1. No relationship or consistency
   between the tactics
2. Assumptions were always a problem
3. I couldn’t always answer “stupid”
   questions
But sometimes I could
Can great
startup marketing
  be modeled?
Inputs
3 aspects of customer knowledge
 Who they are
 How they view solutions
 How they buy stuff
Customer Worksheet
Segment 1, 2, 3

Company Characteristics:
Geography, size, industry
Stuff they do, type of customer they serve, how they sell, their
ecosystem, budgets, risk tolerance, power structure, etc.

Consumer/Decision Maker 1, 2, 3:
Characteristics:
    demographics, education, skills, interests, motivations, goals
Pain:
    list of things that drives this group crazy
Where they hang out:
    Social networks, communities, associations/groups, events
Where they find out about stuff:
    Search engines, word of mouth, peers, media outlets, blogs,
    experts, influencers/famous people
Offering Worksheet
      (Customer Perspective)
What do we do?

What market are we in?

Competitive Alternatives:
Examples: Do nothing, manual effort, Word/Excel,
competitive product

Key Differentiated Points of Value
When compared to the alternatives above the specific
value you bring that the others don’t.

Proof
Customer references, 3rd party reviews, statistics, metrics,
expert endorsements,
Sales Process



            Consider-
Awareness               Purchase   Renewal
             ation
Sales Process



            Consider-
Awareness               Purchase   Renewal
             ation
Buying Process
Accelerators
Knowingth     Knowing      Knowing      Whypurch   Using and   Knowing I
e cost of     the Value    the value    ase now?   enjoy the   can’t do
not solving   of solving   of your                 offering    without the
the           the          solution                            offering
problem       problem

    No                                                           Re-
                 Need         Eval         Buy       Enjoy
   Need                                                          new

Current    Value not       Not          I might    Bad         Decided
solutiongo compelling      knowing      change     service,    there was
od enough Risks too        how to       my mind    Bad user    no need
           high            evaluate     Too much   experience Move to
                           Great but    $          Not using  other
                           not for me                         solution
Friction points
Tactics
Selected based on:
  Who you need to reach
  Where you can reach them
  Stages where the friction is
  What you need to do to move them to the
  next stage
Operations
Plans based on selected tactics
 Email marketing plan/process/calendar
 Paid traffic plan/process
 Content plan/calendar
 Social media plan/calendar
 Media/Influencer relations plan/calendar
 …
Metrics


How prospects are flowing through the
          buying process
Analysis


What conclusions can you draw?
How do these impact the inputs?
The Circle of Marketing Awesome
                          Project plans

                            Tactical
                           Execution



     Customer
      Offering   Inputs                   Outputs   Metrics
Buying Process



                            Analysis

                           Conclusions
Thanks!

   @aprildunford
RocketWatcher.com

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Startupfest 2012- Random Acts of Marketing are Killing Your Startup

  • 1. A Systems Approach to Startup Marketing A solution to random acts of marketing April Dunford @aprildunford RocketWatcher.com
  • 2. April Dunford As a marketing exec: 6 startups: 4 launches, $1B revenue, $2B acquisitions 3 big companies: 2 product line launches, $3B revenue, 8 acquisitions (buy side) As a Marketing Bon Vivant/Gallivanter: project-based marketing work, advisor, instructor, investor, coffee/beer drinker
  • 3. How does an engineer become a career marketer?
  • 4. Step 1: Get friend to give you a marketing job
  • 5. Step 1: Get friend to give you a marketing job Step 2: Don’t get fired
  • 6. Step 1: Get friend to give you a marketing job Step 2: Don’t get fired (Pro tip: Step 2 is way harder than Step 1)
  • 7. What I learned reading 100’s marketing books plus taking a ton of marketing courses:
  • 8. Marketing theory is useless
  • 9. Marketing theory is useless (until after you know what you’re doing)
  • 10. The 5th P of Marketing:
  • 11. The 5th P of Marketing: Pissed off!
  • 12. Meanwhile: “Hack me some $$, Growth Hacker!!”
  • 13. So I started doing “marketing” stuff.
  • 14. The Cycle of Marketing Meh Marketing Fashion Assessment* Select Improve tactics Measure Execute * Where you look at what everyone else is doing
  • 15. 1. No relationship or consistency between the tactics
  • 16. 1. No relationship or consistency between the tactics 2. Assumptions were always a problem
  • 17. 1. No relationship or consistency between the tactics 2. Assumptions were always a problem 3. I couldn’t always answer “stupid” questions
  • 20. Inputs 3 aspects of customer knowledge Who they are How they view solutions How they buy stuff
  • 21. Customer Worksheet Segment 1, 2, 3 Company Characteristics: Geography, size, industry Stuff they do, type of customer they serve, how they sell, their ecosystem, budgets, risk tolerance, power structure, etc. Consumer/Decision Maker 1, 2, 3: Characteristics: demographics, education, skills, interests, motivations, goals Pain: list of things that drives this group crazy Where they hang out: Social networks, communities, associations/groups, events Where they find out about stuff: Search engines, word of mouth, peers, media outlets, blogs, experts, influencers/famous people
  • 22. Offering Worksheet (Customer Perspective) What do we do? What market are we in? Competitive Alternatives: Examples: Do nothing, manual effort, Word/Excel, competitive product Key Differentiated Points of Value When compared to the alternatives above the specific value you bring that the others don’t. Proof Customer references, 3rd party reviews, statistics, metrics, expert endorsements,
  • 23. Sales Process Consider- Awareness Purchase Renewal ation
  • 24. Sales Process Consider- Awareness Purchase Renewal ation
  • 25. Buying Process Accelerators Knowingth Knowing Knowing Whypurch Using and Knowing I e cost of the Value the value ase now? enjoy the can’t do not solving of solving of your offering without the the the solution offering problem problem No Re- Need Eval Buy Enjoy Need new Current Value not Not I might Bad Decided solutiongo compelling knowing change service, there was od enough Risks too how to my mind Bad user no need high evaluate Too much experience Move to Great but $ Not using other not for me solution Friction points
  • 26. Tactics Selected based on: Who you need to reach Where you can reach them Stages where the friction is What you need to do to move them to the next stage
  • 27. Operations Plans based on selected tactics Email marketing plan/process/calendar Paid traffic plan/process Content plan/calendar Social media plan/calendar Media/Influencer relations plan/calendar …
  • 28. Metrics How prospects are flowing through the buying process
  • 29. Analysis What conclusions can you draw? How do these impact the inputs?
  • 30. The Circle of Marketing Awesome Project plans Tactical Execution Customer Offering Inputs Outputs Metrics Buying Process Analysis Conclusions
  • 31. Thanks! @aprildunford RocketWatcher.com