An extremely worthwhile 10 minute video about living your life for you. What small things will you do tonight or tomorrow to enrich your life for you?
Best quote "don't wait until retirement to have a life."
Great thinking here from Nigel Marsh.
An extremely worthwhile 10 minute video about living your life for you. What small things will you do tonight or tomorrow to enrich your life for you?
Best quote "don't wait until retirement to have a life."
Great thinking here from Nigel Marsh.
In the small but noisy universe of technology startups, there has been a growing chorus of voices about the utility and value of marketing.
This peaked over the last few days with Fred Wilson of Union Square Ventures eviscerating the function and its practitioners followed by a similar post from Foundry Group's Brad Feld – Why a New Startup Shouldn't Have a Marketing Budget. Fred went on to issue a 'bug report' on the first post with some amendments but of similar negative tone and smart folks like Rand Fishkin and Ben Casnocha weighed in with thoughtful counterpoints. Also, be sure to read the comments across all these posts. Lots of opinions from all sides.
I have enjoyed Fred's writing for many years and always respect his point of view including this post. I have also worked with Brad and didn't notice him vomiting in his mouth in my presence although I must admit I wasn't specifically looking for it (to be clear: Brad is one of the best VC board members I have ever worked with and I am a huge fan).
But even before all of this, I had been thinking about it after reading Rebecca Lynn's post about why engineers make better marketers.
People, developers + designers do not equal a business. Just ask the gnomes.
What I find most distracting about all of this is that it is devaluing the role one group of people play in a startup. If marketing folks aren't worth the air they breathe, what about financial-types, HR folks, or even salespeople?
I am not trying to defend the marketing profession or those who profess expertise in it. I disdain experts. And yes, there is no shortage of morons that want to sell you marketing services or any other business or technical service for that matter.
I do believe this conversation needs to elevate a bit beyond job function to skill set.
The best and most effective marketers have an analytic approach – numbers, spreadsheets, metrics, etc. I have a degree in finance, an MBA, worked as a consultant for many years, and never sought a career path to become a Vice President of Marketing. I was intellectually curious about the problems the products I was part of were trying to solve and managed to be somewhat good at explaining what it did and why you should care (product marketing).
I have written code. Yes, it was many years ago and no it was not my life calling but I have done it. And, more importantly, I respect the people that do it. It is a very, very different role in a startup compared to those who have to take what is developed to market, find the people who care about it, and extract payment.
Writing code definitely requires brains but also delivers immediate feedback in a highly controlled environment – it compiles or it doesn't. If it doesn't work, debug it line by line until there are no more bugs. Then figure out a way to improve it by doing it with less lines of code. This is a focused activity where you are working to a definitive answer where no ambiguity remains.
Taking a product to market couldn't be more different..especially a new product. Create a hypothesis (these people will care), figure out a way to test it (ask them/create an offer), and measure the results.
Oops, we were wrong. Let's debug it and compile again. Oh wait, we can't. Was it the wrong audience, the wrong message, was the offer not compelling, too many alternatives, not a big enough problem, missing features, wrong time, etc., etc?
Marketing in a startup is about two core things:
What is most ironic about Fred is that he is really, really good at what he clearly doesn't respect – marketing. He has an audience, interacts with it often to promote what is important to him, and pushes his message to the market. His post even lays out an eight step startup marketing plan.
So, let's stop with the marketing bashing, agree that an analytic approach is best, and understand that we are all trying to build great products and make them market successes.
If you sell an on-demand product (SaaS, web app, etc.) you need to get your head around this.
Buying decisions will be made not on how good or efficient you are at selling but at how amazing you are at support. In a world of monthly subscription business models, lots of alternative products, and relatively low switching costs, you are in the renewal business. Happy customers renew.
With such little friction to try your product, form an opinion, and measure your value, you are left with differentiating on how you support those efforts. Support is not an afterthought or a cost center. It is now the way you will engage, amaze, and retain customers.
Gone is the sales pitch and scripted demo. We live in a world of instant access and "let me try it first, I'll contact you with any questions."
Listen to what people are saying, engage quickly, resolve problems diligently, and make support the core of your selling activities.
You will encounter them during your career.
Some are inherently evil.
Some are created by their circumstances (not victims of..there is a difference).
Some are inadvertently or at least not consciously so (they are selfish vs. selfless).
I have encountered all three types…
Just promise me that if you ever work with a guy like Daniel Snyder you'll contact me so I can help you find a new job. Read this article and you'll see what I'm talking about and why he is suing the City Paper in Washington, DC for their clever and telling piece on him.
I use to work with a guy who taught karate in his spare time.
He explained that the approach to the business was to have an introductory class that was low cost (the offer) then identify students and parents who would be easy targets for private lessons (the upsell). After finding a worthy target, he would explain the potential that could be unleashed with some one-on-one coaching (the pitch). Essentially preying on the "you want the best for your child" desire (the emotional hook).
This is wrong on so many levels and is completely devoid of ethics but is a worthy example of how you can be hustled without knowing it. Think the best, until you are given a reason to think otherwise but please don't be a sucker.
Who is selling you "karate lessons?"
Note: I have nothing against karate, karate instructors, or any business as long as it is a legitimate business with ethical business practices.
Is me..or you depending on how you look at it.
There has been a huge amount of innovation and early adoption of social technologies across ages, professions, geographies, and technical aptitudes. All this social sharing is noisy and many, many tools have emerged to make it easier to listen, some to help you engage, but pretty much none to help you actually engage in social selling.
Selling has changed in terms of who has the leverage – it is all about the buyer. Easy access to information about your company, your products, your competitors, and even YOU has changed the way products and services are bought and sold.
I think we are still in the early innings of this transformation where individuals are laying out their unique ground rules about how to sell to them, when to sell to them, and what to sell. This takes tradtional sales pipeline approaches and turns them on their head.
Some companies get this but most are still trying to figure out what to do with all the banter, accolades, and trolls that populate Twitter, Facebook, LinkedIn and many, many other sites and forums (Quora anyone?)
If any of you actually pay attention to my various status updates, you'll know my dissatisfaction with the battery life in my Droid Incredible. At least three separate tweets that included "battery", "Droid", and "Incredible" plus lamenting my switch from my BlackBerry all made me a target rich opportunity for anyone who sells batteries, better devices, etc. I was broadcasting a need and I was ready to buy given the right offer. No one reached out. No one.
I've tried it with Saab service around Seattle, a database application for my Mac, and many other products all resulting in silence. This has nothing to do with how many "followers" you have (my numbers aren't huge) as this is about the reach beyond your social graph to the broader on-line population. Try it and see if anyone picks up on your stated need.
A qualified sales opportunity is a thing of beauty and very hard to find so why isn't anyone picking up on this and taking advantage of it? Maybe traditional approaches to sales pipeline development don't embrace social outreach as a worthwhile endeavor?
Some tools are emerging that help identify the questions being asked and organizing them in a marketing/sales framework. I started using InboxQ last week. It is very much aligned with what I am talking about letting you seek out words/phrases present in questions that you can organize as "campaigns." Add a tracking mechanism for the person asking the question and one more piece of the social selling puzzle is complete.
What do you sell? Do you know if anybody is asking for it? What are you doing to understand more about how people are telling you what they want versus how you track your current sales activities?
This is a great 30 minute video presentation by Naval Ravikant on what to do "before" you raise money. The money is just a step in the process and I would submit you need to be focused on running a company, not just starting one. Some good thinking here so please enjoy!
I am very pleased to share that Gist, where I have been working for the past 2+ years, has been acquired by Research In Motion – the folks who make the BlackBerry.
Here is the Gist blog post about it and here is the post on the Inside BlackBerry blog.
This is a great outcome for everyone and we are all very excited about joining RIM and charting out a path forward. I have spent many years working in the space where messaging meets people meets the enterprise and am very excited about what lies ahead.
I still remember my first BlackBerry device. Anybody remember this beauty – the 950?
It was the one about the size of a fist that looked more like a pager than the smartphones of today. Here is a great historical view of the evolution of their device dating back a whopping 10 years.
Thanks to all who have helped and supported me over the past couple years!
We use the phrase "connected people change history" as part of our message at Gist and the events over the past couple weeks show that to be the case in Tunisia, Egypt, and now Algeria.
The desire for freedom and liberty is not new but the ability to connect and reach for it has become easier due to mobile devices, social technologies, and a younger population that understands how to combine them for maximum effect.
It took the United States 10 years to become a free country governed by democratic ideals starting with the Boston Tea Party in 1773 and culminating with the Treaty of Paris in 1783. It was messy at times but we achieved it and have maintained it for over 200 years. Current democratic movements may happen faster than 200 years ago thanks to our new connectedness but the process will be every bit as messy and challenging.
I am a true believer that the cell phone is changing the world and we are seeing the next chapter of that change happening now. I'm not sure anything but governments that truly represent the will of their citizens will survive in our social networked world…and that is a good thing.
We have been using Timely in its early stages for a while at Gist and I can't say enough good things about Dan and Ethan and this product.
We continue to look for "marketing hacks" using new tools, techniques, and approaches to become super efficient in getting the word out and attracting the attention of new users. What is great about Timely is that is a way to quickly grab and then post great content through a Twitter account without having to load in a specific time.
There are lots of studies and opinions out there about the best time to post social updates and Timely is designed to do this for you. Unlike Cotweet which we used early on, you don't have to manually schedule a tweet with a content input. Just add the Chrome browser extension, read something worth sharing, and then auto-schedule it with Timely.
They then provide useful analytics like clicks, retweets, reach, etc.
I am a huge fan of new technologies and approaches and Dan and Ethan have made me a huge fan of Timely. Definitely check it out for your social marketing needs.