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On this page
  • Marketing 101
  • 1. Traffic: Who are the buyers?
  • 2. Economics: Can we reach them affordably?
  • 3. Conversion: How can we persuade them to buy?
  • Notes
  • Links

Marketing

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Last updated 5 years ago

"Most businesses actually get zero distribution channels to work. Poor distribution — not product — is the number one cause of failure. If you can get even a single distribution channel to work, you have great business. If you try for several but don’t nail one, you’re finished. So it’s worth thinking really hard about finding the single best distribution channel." - Peter Thiel

Warning: marketing is not a panacea for crappy products or a solution to a problem that doesn't exist.

Marketing 101

Tactical Triangle

To sell, you have to get Traffic → Convert it → profit (Economics). Re-invest the earnings to get more traffic forming a loop.

1. Traffic: Who are the buyers?

2. Economics: Can we reach them affordably?

3. Conversion: How can we persuade them to buy?

The Customer Factory model

"The first battle isn’t fought on the ground but in the mind of the customer. It isn’t fought with your built out solution but instead with an offer." - Ash Maurya

Every offer consists of 3 elements:

  1. Unique Value Proposition that grabs customer’s attention.

  2. Demo which takes them from current reality to desired reality.

  3. Price that locks in commitment.

"The aim of marketing is to know and understand the customer so well the product or service fits him and sells itself." - Peter Drucker

The offer must turn unaware visitors into interested prospects.

Be aware of a this journey that happens inside your customer’s mind:

You have to take a potential customer from Point A (curent reality without your product) to Point B ( new reality where they need and use your product): Reach (USP) → Engage (demonstrate) → Convert.

Even with everything done right you are still facing:

  • friction (anxiety/uncertainty of embracing something new): the "I don't need this" voice.

  • inertia (switching cost): the "It's too much effort" voice.

You must make the transition to your product as seamless as possible.

Notes

  • Tips on content marketing:

Links

source: by Perry Marshall

case studies: , , ,

by Gabriel Weinberg and implement

Patrick McKenzie: , ,

by Sam Altman

The Customer Factory

source: by Ash Maurya

The Motivational Forces That Drive Customers to Buy

After the sale you have nurture your relationship with the client (onboarding, )

People focus on the content and forget the marketing part. 50/50 Rule: spend 50% of the time writing the content and the other 50% promoting it. Eric Siu goes further: . Neil Patel on and on .

A question for creating interesting content: how would X look like through the lens of Y? Example: .

by Gary Vaynerchuk: "Documenting your journey versus creating an image of yourself."

by Noah Kagan

by Kevin Kelly

by Patrick McKenzie

The Tactical Triangle
growing a website
first 10000 visitors
0-10k
100,000 Visitors in 1 Year
Traction: A Startup Guide to Getting Customers
The Bullseye Framework for Getting Traction
"Aspirational pricing: set your price high and build the value to support it rather than dropping price to compensate for early issues."
Doubling SaaS Revenue By Changing The Pricing Model
SaaS pricing
Unit Economics
The Science of How Customers Buy Anything
showing how your product makes them awesome
20% Creation and 80% Promotion
promoting blog posts
how much should you write
If Football and Golf Commentators switched places
Document Don't Create
Books on marketing I recommend
Quant Based Marketing
28 Ideas For Content Upgrades To Grow Your Email List
1,000 True Fans
Selling Software To Large Businesses