Category: Marketing

  • Why Start-ups Shouldn’t Pretend to Recruit Agencies

    In the Entrepreneurial Marketing class I teach at the UW, we talk about how start-ups need to be scrappy with their money. Without aa lot of money to spend, we need to make every dollar stretch. We talk about the fact that we often can’t afford to hire an agency.

    One of the ways to temporarily sidestep the need to hire strategic services from an agency is to look at campaigns you find compelling, and model your own plan after them. If you’ve noticed a company, it may be possible to reverse engineer their thought process (or their agency’s) and generate similar success. Emulation is a form of flattery.

    However, one thing we DON’T advise students to do is “pretend” to be hiring an agency, send out a bunch of RFP’s, and have them do free work for you. Yes, this seems like a scrappy thing to do. Submit your problem and solicit proposals and ideas from 10-20 small to mid-range agencies. You’ll get a few hours of free consulting and brainstorming from each one, and get to form an overall strategy out of the ideas you like best.

    Your VC and investors may think this is a fabulous idea. $10,000 in free consulting is a huge win, right?

    But I’d argue that long-term (and even short-term), you can do your brand a pretty large disservice when you do this. Here are a few reasons why:

    1. As a Start-up, your plan is going to involve Influencers and Thought Leaders. When an agency tells you they can recruit “Thought Leader X,Y and Z,” they are saying they have a personal relationship with them already. When you get free work from the agency and then tell them you aren’t hiring anyone, you’re not creating a neutral relationship with the agency world, you’re building a negative one. These Thought Leaders you need to recruit will already have heard about what kind of company you are from the people whose time you wasted.
    2. When you become successful, you will get a larger VC round and have more money to spend on marketing. Then you really will have a budget in which to hire an agency.  But this time when you send out your RFP’s the good agencies will remember how you treated them in the past and decline to participate. Yes, you will get responses to your RFP, but you’ll be getting them from companies that need the work.  You want to hire agencies that turn down work, not the ones who can’t keep it.
    3. You are going to work at other companies in your career. When you are a junior person and your CEO sends you out to burn a bunch of cycles from the agencies, he/she is sending you on that mission so they don’t sully their own name.  We agency people are horrible gossip hounds. We’re going to share stories about the person who sent us on a wild goose chase.
    4. And finally, it’s just not good start-up karma.  Most agencies are like little start-ups.  They have to be scrappy themselves to go get the next piece of business. They have to balance how much staff to have on hand because they always either have just a touch too much work or a touch too little. Their teams are usually either overworked or worried they are going to be laid off. So it’s just bad to make these people do free work for you. As a start-up, do you want to have customers with no intention of buying your product to burn your salespeople’s time? No.

    So start-ups of the world, I suggest you resist the urge to get free work from people under the guise of an RFP. If your CEO and VC are making you do this, pause and think what kind of nefariousness they are committing themselves. Is that the kind of company you want to hitch your star to?

     

  • What the MLS Should Have Done on Wednesday

    I’m pretty sure I threw this idea out a few years ago, but apparently MLS Commissioner Don Garber isn’t a regular reader, so I’ll post a modified version again.

    The day before and the day after the Major League Baseball All-Star Game are the only 2 days in the calendar that none of the major 4 sports leagues have a competitive game. If I was the MLS, I would use the day after the game to my full advantage. Every sports bar in America is starved for something to put on their screens. Every couch potato is stuck trying to choose between the Espys and a 30 for 30 marathon.

    So I’d run 3 continuous hours of MLS coverage, with every team playing at basically the same time. The mechanics would look something like this:
    – Game 1 starts at 8:00pm EST.
    – Each game would start 10 minutes later.
    – At your peak, you’d have 9 games running simultaneously, with the llast game starting just as the first game was in its final 15 minutes.
    – You would be able to cut away Red Zone style to each goal, which would probably come every 5 to 10 minutes.
    – You’d have 90 straight minutes of games in their final 10 minutes. 0-0 and 1-0 games are exciting in their dying embers, so you could have a lot of nail-biting finishes to entertain the average sports fan who doesn’t usually watch soccer.
    – By 11:30 Eastern, people would have watched a lot of good finishes, seen a lot of highlights, seen fans in 9 different stadiums, and received at least a little education about what makes people like soccer.

    You’re missing a great chance MLS? What do you think? What is there to lose?
    Lamar Listening

  • Lessons From Launching New Products

    We started toying around with the idea of Relaborate a little more than a year ago, in late 2011. In the beginning, we weren’t really sure what was going to happen with it, but everybody we talked to seemed to think it was a really cool idea.

    These last months have been a great education in learning the differences between a “really cool idea” and “something that I immediately want to invest money in.”

    There are a lot of hurdles to jump through to raise money. It’s not about the idea. It’s about being able to quantify an addressable market, convincing people your team is solid from top to bottom, and showing enough of the product that they can see the potential without criticizing the present MVP version.

    It’s been a long and funny road, and I’m sure like any entrepreneurial organization, we’ve made some missteps along the way. But here we are in April 2013, with a brand new release of the product that we really think is starting to live up to the expectations we had when we first conceived it. And other people are saying nice things too.

    So I guess my moral for this personal blog post is that it’s never just about the idea. Ideas are easy. People invest in execution. So if you have something that you’re sure will be a success, keep plugging away at it. Don’t expect to be rewarded for simply having an idea. The real effort is in taking that idea and making it something somebody else will understand and use.

    They say there’s a very thin line between being an entrepreneur and simply being insane, and we probably straddled that line a few times in the recent months. After all, to start a new company you have to build something that no one else thinks is worth building, or they’d be doing it themselves. There’s something a little inherently nuts in that.

    So if your reader of this blog, I expect you to run over to Relaborate.com and sign up for the trial of our new product. Read this blog and if you know me, I’m sure you’ll end up getting a discount (if you ask). Let your marketing people test it out, and if you end up bringing it in your organization, you know I’ll be the first one by you a round of drinks.

    Relaborate Photo Search

  • Speaking Today at Market Mix 2013

    I hope to see some of you today at MarketMix 2013. I’ll be speaking in one of the Breakout Sessions, talking about how to add Storytelling to your Content Marketing Plan. If that’s not enough incentive, I also brought along Rebecca Lovell of Vittana and Billy Pettit of Pillar Properties.

    If you want to cheat, here’s the presentation I’ll be giving.

  • The Power of Correcting Mistakes

    I’m not saying companies should make a practice of this, but here’s something interesting I noticed today in my email.

    I sign up for 100’s of free products, so you can imagine how many newsletters, product announcements and other emails I get every day.  Most go ignored, unless they have a catchy title or I’m in a certain type of good mood.

    So like normal, I ignored an email from a company called 6wunderkinder.com and added it to the mass delete list of the day.  Then something funny happened.  I got another email later from them.

    6Wunderkinder_email

     

    Truth be told, I didn’t even remember getting their first email.  And I don’t exactly know why I opened it this time.  But I did. And I got this.

    6Wunderkinder_email_2

    It was funny.  It was genuine.  It felt real.  Was I mad about getting a 2nd email from them? Nope. Do I think any less of them?  Absolutely not.

    The lesson I walked away with – Don’t stress on the small stuff.  Anyone who refuses to use your product because you made a spelling error or shipped the wrong link doesn’t deserve to be your customer anyway.  After all, who wants customers who fancy themselves as perfect?

  • Jack Dorsey on User Narratives

    It seems like such common sense when Dorsey says it, but too often, we start building products from the wrong perspective.  Dorsey reminds us that the product needs to be built based on a story of how each customer will use it.  Think about the products you regularly use, or places you regularly go, and see if there’s a simple story behind each one.

     

  • The Importance of a URL That Makes Sense

    I’ll preface this with two notes:
    1) I don’t like picking on marketing or advertising teams in this blog.
    2) I have no data to tell me that these guys aren’t geniuses whose campaign is killing it.

    But, I want to use this ad at Century Link Field to show why a good url is important.

    I have seen the ad about 30 times now, have made comments out loud, took a picture, started to write a blog post, and STILL can’t remember the url.

     

    You can do 100 better things with this url.
    1) Buy VisitTanzania.co and redirect it to your crazy url

    2) Buy an offshoot, such as ComeVisitTanzania.com.

    3) Build a page such as Facebook.com/VisitTanzania

    4-100) etc…

    For all I know, trips to Tanzania from Seattle have increased 120x and they are going to send me an email telling me why I’m wrong.  Even if they have, I’d encourage marketers to grab a url that makes sense before investing 6-7 figures in a stadium deal.

     

  • President Obama Hits Reddit

    I’ve blasted the Obama 2012 team in the past for their relentless email spamming. So, I have to give credit to a little piece of brilliance that should go down in the campaign Hall of Fame.

    While the Republicans are rallying their base in a conference center in Tampa, President Obama was holding court in the virtual world, hosting an AMA on Reddit. As of 3:00pm PDT the post had 17,378 points (62% like it), with 43,822 up votes 26,444 down votes. There were more than 12,000 comments.

    It’s hard not to come away impressed that while the Republicans are involved in the “old way” of engaging people, Obama is leveraging the “new way” of reaching out to his base (and stealing eyeballs from them). The Republicans are kind of left without a way to fight back. If they put Romney on Reddit during the DNC, they’ll look like copy cats. If they don’t have Romney do a AMA, they look scared, like they don’t trust what he would say. That’s check and mate Democrats.

    Meanwhile in Tampa, Google is reporting that they have received the most searches ever for the term “Reddit” from a single geographic area. (No, not really.)

  • A Quick Recap of Startup Riot Seattle

    I took an afternoon this week to check out Startup Riot at the Sodo Showbox.  This was the second year the event was held in Seattle, and I’ll say both years I’ve had a great experience.  The event has some unique touches; sprinkled between the 30 3-minute pitches, are 2 keynotes, several networking opportunities, and a long lunch in which you can walk around and meet new people.

    Rather than just recap the whole event, I took some notes on what start-up marketers could learn from some of the 30 presenters, both when pitching to customers, or investors.  Note, the majority of this post is also up at www.relaborate.com/blog.

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    It’s gutsy to take the plunge into the entrepreneurial waters.  It’s even scarier to get up in front of 250 people, explain your entire company in 4 slides and 3 minutes, and take 3 more minutes of grilling from some judges.

    But that’s what 30 brave entrepreneurs did Wednesday at Startup Riot in Seattle.  To reward their courage, Startup Riot judge and keynote speaker Andrew Hyde asked everyone in the audience to blog about at least one of the companies.  Blogging – well that’s something we can do. So here are a few things we learned about marketing your company, from both the judges and the start-up CEO’s who took the stage.

    1) Show your excitement in everything you do: More than once, the judges asked the entrepreneur, “Are you excited about this project?  If yes, then show us.  Prove to us with your passion that this project will work.” This means in every powerpoint, blog post and meeting you attend, make sure that your excitement for your idea is contagious.

    2) What is your 5 second 1-liner?  Can you explain what you do in 5 seconds?  Cindy Wu described her company, Microryza, as “Kickstarter for Science.”  That’s easier to remember than, “We built a platform where people can fund scientific research, in an online market and where scientists can go and present their projects to try to receive funding.” Can you describe what you do in 5 seconds?

    3) Prove you are the team to do it: Parend Paresh may be tackling an unsexy problem with VendScreen.  But, it is so obvious that they know what they’re talking about, I would invest in a heartbeat.  VendScreen is a touchpad that will be attached to vending machines and enable customers to pay for sodas or snacks by phone or credit card.  Neat idea maybe, but why will it work?  Well Parend explains his domain expertise, illustrates his partners’ domain expertise, and then tells a fact that all vending machines are going to be required by Federal law to put nutritional information somewhere on the outside of the machine.  The fact that he knows this obscure legislation demonstrates that he knows the market for vending technology, and knows how to capitalize on emerging trends.

    4) Talk about your wins: iHearNetwork, led by Paul Simonds, is a startup with 3000 users.  Not only that, they have a 125 Daily Active Users and 250 Weekly Active Users.  Taskk, has 7000 users already in a totally different market, adding 2000 in the last month. When you are a startup, find a number that you can trumpet.  I don’t know if 3000 or 7000 users is a lot for the spaces these companies are in, but I wrote the numbers down. They sure sound good. And as one judge said to Placeling’s CEO, “If you aren’t bragging, you sound small.”

    5) Show your product: Personify makes it easy for people to find social good opportunities and volunteer events.  They already have 500 users.  And yet through their presentation, they never showed us the product – which is actually quite lovely. People want to see that the product is live and working.  Don’t make them imagine what it will be like.  It’s too much work.  Show your product everywhere you can.  Your product is your story.

    6) Explain the problem: Tim Hermanson of Arch started his presentation with a shot of a traffic jam.  He asked that since we all have these digital devices in our pockets, why couldn’t anyone, anytime, see something that was happening in a different location so that we could avoid these traffic jams.  If I was stuck in that traffic jam, why couldn’t I anonymously upload a photo from my location so others could see my pain and take another route?  With the problem framed in a simple scenario, I can now understand the solution. The product becomes real when there’s something I can identify with.

    7) Understand your competitors: Shawn Burke of Crowd Picsell wasn’t just asked to name some competitors, judges wanted to understand what he did better then them.  If you are a customer, you want to know exactly what the benefits are of one company over the other.  Don’t make the customer guess. Be the best at something, and explain exactly what it is that makes you the best over all others.  It’s hard to lose when you are the best.

    8) Tell a good, humanizing story: Jon Poland created Crowdegy, joining an already crowded survey space. But, he explained why his product would succeed by telling a story about his 5 year old. In his story, he shows his 5 year old how to use his product, and then the next day his 5 year old asks, “Daddy, can I play the dot game again today?” Jon got the point across: His product brings visualization to surveys, is fun enough to do over and over, and is so easy a 5 year old can do it.

    There were a number of other startups to keep an eye on.  Check out the whole list at StartupRiot.com.  And if you were there, did you see any companies that stood out?

     

  • “First, Ten”

    Old Seth Godin quote that I recently was reminded of:

    “First, ten. This, in two words, is the secret of the new marketing. Find ten people. Ten people who trust you/respect you/need you/listen to you…Those ten people need what you have to sell, or want it. And if they love it, you win. If they love it, they’ll each find you ten more people (or a hundred or a thousand or, perhaps, just three). Repeat.”