lean marketing for startups and small business

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LEAN MARKETING f!r "#$r#%p" $&’ "($)) b%"*&+"" eleomeetups.com | @eleo Sophia Eng - @sophianeng

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Lean Marketing for Startups and Small Business (SMB). Presentation by Sophia Eng.

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Page 1: Lean Marketing for Startups and Small Business

LEAN MARKETINGf!r "#$r#%p" $&' "($)) b%"*&+""

eleomeetups.com | @eleo

Sophia Eng - @sophianeng

Page 2: Lean Marketing for Startups and Small Business

Gr!w#, ,$-.*&/ *" $ "+# !f #$-#*-" $&' b+"# pr$-#*-+" f!r '+$)*&/ w*#, #,+ pr!b)+( !f %"+r /r!w#,, +"p+-*$))0 $# +$r)0 "#$/+ "#$r#%p".

eleomeetups.com | @eleo

Page 3: Lean Marketing for Startups and Small Business

growth hacking=

eleomeetups.com | @eleo

lean marketing

Page 4: Lean Marketing for Startups and Small Business

eleomeetups.com | @eleo

Page 5: Lean Marketing for Startups and Small Business

eleomeetups.com | @eleo

USER ACQUISITION FUNNEL

ACQUISITION

ACTIVATION

RETENTIONREFERRAL

Page 6: Lean Marketing for Startups and Small Business

eleomeetups.com | @eleo

USER ACQUISITION FUNNEL

ACQUISITION

ACTIVATION

RETENTIONREFERRAL

Page 7: Lean Marketing for Startups and Small Business

acquisition/+# p+!p)+ #! 0!%r "*#+

eleomeetups.com | @eleo

Page 8: Lean Marketing for Startups and Small Business

Select channels with high volume, high conversion, low cost.

Measure all the way down the funnel to revenue to find the highest converting channels.

eleomeetups.com | @eleo

acquisition

Page 9: Lean Marketing for Startups and Small Business

SEO/SEMContent MarketingPRSocial Media MarketingEmail MarketingPaid Channels

eleomeetups.com | @eleo

acquisition

Page 10: Lean Marketing for Startups and Small Business

Airbnb figured out how to auto-post to Craiglist to leverage the powerful existing network.

Kayak recognized the power of Adwords before its competitors. They optimized and dominated. Expedia never caught up.

eleomeetups.com | @eleo

acquisition Examples

Page 11: Lean Marketing for Startups and Small Business

eleomeetups.com | @eleo

USER ACQUISITION FUNNEL

ACQUISITION

ACTIVATION

RETENTIONREFERRAL

Page 12: Lean Marketing for Startups and Small Business

activation/+# p+!p)+ #! "*/&%p

eleomeetups.com | @eleo

Page 13: Lean Marketing for Startups and Small Business

Landing Page Optimization

Optimizing Signup

Email Conversion (provide offer to get emails, shopping cart abandon)

Onboarding (demo, gamification, email)

eleomeetups.com | @eleo

Activation

Page 14: Lean Marketing for Startups and Small Business

eleomeetups.com | @eleo

USER ACQUISITION FUNNEL

ACQUISITION

ACTIVATION

RETENTIONREFERRAL

Page 15: Lean Marketing for Startups and Small Business

retention/+# p+!p)+ #! "#$0

eleomeetups.com | @eleo

Page 16: Lean Marketing for Startups and Small Business

Get users to the “Aha!” Moment as fast as possible.

For Facebook, that’s 10 friends in 7 days.

For Twitter, that’s following 30 people.

eleomeetups.com | @eleo

retention

Page 17: Lean Marketing for Startups and Small Business

The best tool for retention is email.

ebay: You’ve been outbid.LinkedIn: Year in review.Facebook, Twitter: You have a new friend/follower.

If you’re an app, make use of notifications.

eleomeetups.com | @eleo

retention

Page 18: Lean Marketing for Startups and Small Business

Contact your first 1000 customers personally.

Send an email from the CEO.

Ask them to spread the word, and to give you feedback.

Include your actual cell phone number.

eleomeetups.com | @eleo

retention

Page 19: Lean Marketing for Startups and Small Business

eleomeetups.com | @eleo

USER ACQUISITION FUNNEL

ACQUISITION

ACTIVATION

RETENTIONREFERRAL

Page 20: Lean Marketing for Startups and Small Business

referral/+# p+!p)+ #! br*&/ #,+*r fr*+&'"

eleomeetups.com | @eleo

Page 21: Lean Marketing for Startups and Small Business

Is your product inherently social?

Make it painless for users creating new content to also spread the word via external networks.

eleomeetups.com | @eleo

referral

Page 22: Lean Marketing for Startups and Small Business

Does the user’s experience with your product improve with inviting more people?

Make sharing your product your primary channel of growth.

eleomeetups.com | @eleo

referral

Page 23: Lean Marketing for Startups and Small Business

Provide incentives, ideally ones that improve the experience of using the product.

Create a contest and incentivize users to share with others

eleomeetups.com | @eleo

referral

Page 24: Lean Marketing for Startups and Small Business

YOUR TURN!)+#’" w$). '!w& #,+ 1&&+)

eleomeetups.com | @eleo

- 25 minutes -

Page 25: Lean Marketing for Startups and Small Business

YOUR TURN!#! /r!w 0!%r %"+r"

eleomeetups.com | @eleo

- 25 minutes -

1. Define your marketing funnel flow

3. Define success

2. Define experiments and desired outcomes

Page 26: Lean Marketing for Startups and Small Business

eleomeetups.com | @eleo

USER ACQUISITION FUNNEL

ACQUISITION

ACTIVATION

RETENTIONREFERRAL

Page 27: Lean Marketing for Startups and Small Business

HELPFUL TOOLS#! (+$"%r+ 0!%r %"+r $-q%*"*#*!& 1&&+)

eleomeetups.com | @eleo

Page 28: Lean Marketing for Startups and Small Business

UNBOUNCEL$&'*&/ P$/+"

eleomeetups.com | @eleo

www.Unbounce.com

Page 29: Lean Marketing for Startups and Small Business

user testingU"+r R+"+$r-,

eleomeetups.com | @eleo

www.UserTesting.com

Page 30: Lean Marketing for Startups and Small Business

MAIL CHIMPE-($*) M$r.+#*&/

eleomeetups.com | @eleo

www.MailChimp.com

Page 31: Lean Marketing for Startups and Small Business

GOOGLE ANALYTICSA&$)0#*-"

eleomeetups.com | @eleo

http://www.google.com/analytics/

Page 32: Lean Marketing for Startups and Small Business

KISSMETRICSA&$)0#*-"

eleomeetups.com | @eleo

www.KissMetrics.com

Page 33: Lean Marketing for Startups and Small Business

eleomeetups.com | @eleo

resourcesSean Ellis: growthhackers.comDave McClure: Startup Metrics for PiratesAndrew Chen: @andrewchenMattan Griffel: growhack.com