have yourself a happy little startup
Post on 17-Oct-2014
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Why now is the best time to start a startup? Transformatoinal changes in technology, politics, economy, environmental make it condusive to build a startup. Yes, it's plenty of risks you have to take, it's a risk worth pursuing.TRANSCRIPT
Have Yourself A Happy Little Startup
2008
2009Yes, it has been a
stressful year
Global Financial Meltdowns
10.2 %
US unemployment rate
Likely
jobs won’t be back
in their original form
A N
ew
Sp
end
ing
Hab
itIs Here To Stay
For those who keep the jobso much is expected from you
Should we just sit and watch?Hoping for things to get better?
Cheer up!
Still many reasons to celebrate!
Sta
rt Me U
p
Sta
rt u
p
Cost is incredibly low
Open Source
Outsource
Better Tools
Community
virtually
unlimited market
Competing with big guys?
don’t worryyou have the
equalizers
Need scalable data center?
Use Cloud Computing
http://www.slideshare.net/Guppers/im-cloud-confused
Pay as you go
ElasticityFault tolerance
Don’t have a big
marketing budget?
The Game
has changed
SEOSocial Media
Less Ads
Low or no cost distribution
Only the Einsteins need to apply?
No! More than anything else,it needs
Persistent
Tenacity
Tireless
Resilient
All these mean,
we’re in equal footing,right?
Merci
Any body in the world without access to large capital, can start and compete
Well, not quite
When you are this small
no one cares about your startup
journalistsinvestors
customers
suppliers
partnership
Internet is such
a noisy place
this is your tiny loud speaker
How do you stand above
the crowd?
5strategies to increase your chance of success
1Start smalldon’t burn yourself
Control your cost
Don’t start hiring people yet Don’t rent officeDon’t build datacenter
Cheap is your badge of honor
Your idea is justa hypothesis
Very likely to change
Sp
read
the
word
sTalk about your ideas, Not your products,
Now
BlogFacebook Fan Page
Linked-in Group
A set of screenshots will do
Run through ideas to your target audiences
When you have good traction onthe community and your target customers are excited
You strike gold
2Offer 10x betterUser experience, features, services
Wow your customers
Pick
onething that your product willdo very, very,
very well
Remember you’re small
don’t try to do many things
10x User Experience in Action
iPhone• New Mobile User Experience• Wide Range of Applications
Blackberry• Email Push Experience
Your customer is a click away from competitor
Give them Instant Gratification
Open the package Search for a book Select a book One click purchase Start reading
All under one minute
Amazon Kindle
3Catch the WaveJump early while it’s forming
Your advantage:
Agility
Cloud Computing
Mobile Apps
Social Computing
Globalization
Inbound Marketing Green
Put your bet on emerging, transformational trend
Health Care
jump early!
[Twitter, Facebook, Appstore]
Ride the wave, hope for a little push
Bloggers PressTweets
Recommendation
4Avoid these pitfalls
Do not build a new community ..is a lot harder than you think
They have won the battles
Do not create a new market unless your product is unbelievably innovative
Less competitors could also mean the market is too small
Do not obsess withyour competitors
They’re likely as clueless than you are (even more)
Do not make advertising as your primary source of revenue
unless you’re sure that
you’ll be the top 5 sites
in your product category
OR you’re serving
an exclusive market
Do not use viral as your primary strategy
More and more people are immune to the viral strategies
Ideas Evolve
Don’t search for
perfect ideas, it’s very likely your
ideas evolve along the way
Do not build many features in your first releaseAcquire additional features after extensive observations
Twitter executes this approach very well
5Great Solutions SellIdeas won’t
Hungry? This is a Sim
ple
Solu
tion
“Just Cool” only gets
you traffic
users won’t stick around
>40%Good Test
of my customers will get upset if the
product/service is discontinued
Source: Sean Ellis, Startup Marketing
Before you put serious efforts
Yes, it’s crazy to starta startup
Hig
h R
isk
Friends, family, investors, press, competitors will be laughing at your little startups
Most people think thatyou may have genetic defect
to start this crazy journey
Life is short
Dare to BeDifferent
But…
HappyHolidays
From your crazy friends at
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