story telling for founders session by payumoney & 91 spring board delhi
TRANSCRIPT
Story Telling
for founders
#StartupStory
Source: https://medium.com/marketing-102/how-to-make-a-fairy-tale-convert-the-art-of-storytelling-b2c8c2b06a2#.7dxzvxi5b
What is the most
effective 90 minute commercial ever seen?
Image source: scriptpipeline.com
When did 1 minute and 10 secondschange the world?
Image source: redlightrunner.com
What happened when a payments company announced the mission to ‘trivialize payments’?
1lakh+ merchants on-boarded!That’s how a mission inspired sellers across India!
What can a
powerful storyactually do to your startup?
1. Reduce cost of marketing considerably
2. Build a passionate user base3. Get actual sales even before the
product/ service goes live4. Invite necessary attention ;)
1. Team members2. Investors
1.5 million twitter impressions at $0 spent?
$5.5K worth of word spread for $0
2.3 million downloads, $72K in profits
Source: https://medium.com/@stuartkhall/how-i-got-2-3m-app-downloads-without-spending-a-cent-on-marketing-f4823b6bc779#.p3z5vwg03
One thing that Chip (the CEO of Wahoo) said to me on the first call we had will stick with me for a long time …
“We probably wouldn’t have considered buying your app if we hadn’t read the story”.
Image source: http://sayquarterly.com/issue-6/feature-storytelling.php
All of this is great,
what’s are the steps to a phenomenal story?
The most effective
stories are the one’s
that impact our sub-conscious!
Sir Alex FergusonOne of the most successful managers in football history.
Lets learn from him!
A successful story needs
1. Character(s)2. Scenario3. Time4. Reason
Rule #1To build thousands of $ worth of passionate word of mouth for your brand, remember your business is human-to-human.
It fails when you go the B2B/ B2C route.
Rule #2Stress, Love, Creativity, Travel, Inspiration, Success, Money, Time, Relationships, Motivation
Everyone relates to the above. Your startup story must!
Rule #3Its tempting to explain everything. But its better to
leave space for interpretation.
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