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Lessons Learned by Eric Ries Saturday, November 8, 2008 What is customerdevelopment? But too often when its time to think about customers, marketing, positioning, or PR, we delegate it to "marketroids" or "suits." Many of us are not accustomed to thinking about markets or customers in a disciplined way.
We’re here for Greycroft’s CEO Summit – a gathering of the CEO’s of their portfolio companies with guest speakers covering topics including how to build your team, PR, customerdevelopment, etc. It is the key to “customerdevelopment” that Steve Blank talks about. I’m going to save that for a future blog post.
Founders ask me all the time whether they should hire a PR agency. information chain”), but once you’ve done a first pass of the audience > message > media > messenger, a competent PR firm can add tremendous value. Customer Discovery Never Stops. Filed under: CustomerDevelopment , Marketing.
To do that we will create end-user demand and drive it into the sales channel, educate the channel and customers about why our products are superior, and help Engineering understand customer needs and desires. We will accomplish this through demand-creation activities (advertising, PR, tradeshows, seminars, web sites, etc.),
I know that this all seems obvious now with the movements started by Steven Blank ( Four Steps of Epiphany ) with the whole CustomerDevelopment processes / Lean Startup movements also popularized by people like Eric Ries. We then set out to build these features as quickly as we could. Back then it seemed foreign.
While I love TechCrunch, the post and the quote about the PR agency (“one PR firm has discovered a dynamite strategy, throw ethics out the window&# ) left me wondering; how do PR agencies interact with TechCrunch and other blog and review sites? Is this behavior an outlier or is it the norm in the PR industry?
Startups with huge burn rates – building leases, staff, PR and advertising – ran out of money. The unprecedented size and scale of VC returns transformed venture capital from a financial asset backwater into full-fledged player in the financial markets. Then one day it was over. IPOs dried up. The Rise of the Lean Startup.
CustomerDevelopment There was nothing wrong about Rocket Science having a vision radically different than the conventional wisdom. CustomerDevelopment says having a vision, faith and a set of hypotheses are a normal part of the startup experience. Rocket Science was just another one of those companies (with better PR).
It was an educational mission to tell the story of who our customers were (and by inference who all the graphics board customers were) and why the current reviews of these graphics boards weren’t adequately measuring what was important to this large market. The head of the PR agency agreed that we would work together as a team.
Announce a new product, start its PR campaign, and engage in buzz marketing activities. Marketing launch) Make a new product available to customers in the general public. Do your customers really read TechCrunch? Do some CustomerDevelopment instead. Spend your time with renewable sources of customers and iterate.
He wanted to build direct customer relationships to get product feedback but only 2% of customers would ever return their registration cards. So when he saw the browser it instantly dawned on him that this would be the greatest customerdevelopment tool ever. This has been their formula for nearly 15 years.
Yet our customers said they got their company and product information from only three publications: MacWorld, MacUser and MacWeek. They said the product reviews in these publications were by far the biggest influence on which card to buy. (This made our PR problem manageable and focused.
This post describes how the traditional product development model distorts startup sales, marketing and business development. This post describes how the traditional product development model distorts startup sales, marketing and business development. Freemium models have their own scorekeeping.)
And so, the concept for a digital PR service was born. Using my existing skills and resources (including an old domain name), I tested a productized digital PR offer. About 18 months later, we pivoted our messaging to evolve beyond digital PR. Conduct client development interviews. Image source ). Why this audience?
Paid - if your product monetizes customers better than your competitors, you have the opportunity to use your lifetime value advantage to drive growth. In this model, you take some fraction of the lifetime value of each customer and plow that back into paid acquisition through SEM, banner ads, PR, affiliates, etc.
The Ultimate List of CustomerDevelopment Questions – crowdspring.co/1nHT6tS. The Ultimate List of CustomerDevelopment Questions – crowdspring.co/1nHT6tS. The image above is a piece of cycling awareness street art created by Peter Drew , an artist based in Adelaide, Australia.
Not being able to hear negative customer input is an extremely bad idea. Out of the Ashes A few of the key tenets of CustomerDevelopment , came from the ashes. era&# , but really interested in your take on these “free&# models through the prism of CustomerDevelopment. We all know how that ends up.
CustomerDevelopment 101) – crowdspring.co/1pNIOcD. Crowdsourcing Your Way To What Customers Really Want | Fast Company – crowdspring.co/1oNJIZp. CustomerDevelopment 101) – crowdspring.co/1pNIOcD. How to become a mentor – crowdspring.co/RVMhdc.
Thanks to Suns amazing PR blitz, there was tremendous demand for experts on Java, and I did my best to convince people that I was one of that mythical breed. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? No departments The Five Whys for Startups (for Harvard Business R.
People told me it was impossible to have our product launch featured on one of the top tech blogs without spending $3,000 on some fancy PR agency. Especially because I could have used this time on marketing, sales and customerdevelopment, and actually helped our business move forward.
They outlined their retail channel and PR strategy and told me about the type of consultants they wanted to hire. Hiring PR Agencies. Bettina said, “We want to drive customer demand into our channel.” That’s smart I thought, a real clear charter for PR. The same is true for hiring the PR agency. They learned a ton.
While one could argue that a trade show is just another demand creation activity akin to advertising or PR, trade shows are the closest eyeball-to-eyeball contact you’re company is going to have with customers, competitors and partners. What didn’t? Go to trade shows like it matters.
Microsoft will find local “MVP” customers who are well connected in their local communities, and who want to increase their status, and help them do so by providing access to early releases and “insider knowledge.” It’s better to be a thought leader than to depend on the kindness of strangers. Rock Star advocates can help.).
Hopefully you and your co-founders are experts in one or two parts (agile development, SEO/SEM, etc.) But the rest; sales, marketing, bus dev is actually customerdevelopment that the founder needs to understand. Or by a VP of Marketing who talks “branding&# , SEO/SEM, PR agency, etc.
Engineers are offenders in this category too, but so is any gender-segregated activity, like an all-female PR or marketing team. Engineers are offenders in this category too, but so is any gender-segregated activity, like an all-female PR or marketing team. Diversity is not the only requirement for making good group decisions.
Talk to your customers or prospects. You have only 10 customers? No customers at all? If you’re starting out, what you need is customerdevelopment, not conversion optimization. You need to talk to people. No problem! both tests Monday to Sunday). Conclusion.
It’s the kind of thing you can repeat in an elevator, simple to understand , universally applicable , and, most importantly, doesn’t burden your tech team with a lot of customdevelopment. Often times, that comes in the form of analytics, which is what a biz dev partner would want in order to check on the success of the deal.
Wait a minute, what about the rest of CustomerDevelopment ? Aren’t you going to validate your hypotheses by first getting some customers?”. Now I was confused, and I asked, “Well what do you guys believe – CustomerDevelopment or launch on a schedule?” Filed under: Ardent , CustomerDevelopment.
What the PR stories tend to leave out is that we can get attached to every part of our vision, even the dumb parts. For more on how to figure out which question applies in which context, see Business ecology and the four customer currencies.) and for which customer? and for which customer?
Journalists, PR firms, investors, and the public at large love a scrappy come-from-behind story about two guys in a garage who figured out how to take down Goliath. CustomerDevelopment : a disciplined approach to finding out if there is a market for your product before its too late.
It must cross boundaries, working cooperatively with other divisions in your business such as sales, marketing, social media, PR, product development, and the like. A successful reference program needs significant resources and a strong rollout that involves the entire company.
Bad CustomerDevelopment Questions and How to Avoid My Mistakes – [link]. Bad CustomerDevelopment Questions and How to Avoid My Mistakes – [link]. Understanding the Consequences of the Business Decisions You Fudge On – [link]. Good, in-depth look at the economics of food trucks – [link].
Whats striking about these stories, if you get past the PR hype, are two very important themes: These prodigies were self-taught, and had a fundamental fascination with technology from a very young age. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup?
They outlined their retail channel and PR strategy and told me about the type of consultants they wanted to hire. Hiring PR Agencies. Bettina said, “We want to drive customer demand into our channel.” That’s smart I thought, a real clear charter for PR. The same is true for hiring the PR agency. They learned a ton.
Using mTurk to interview 100 customers (in 4 hours) | CustomerDevelopment Labs - [link]. Using mTurk to interview 100 customers (in 4 hours) | CustomerDevelopment Labs - [link]. Using mTurk to interview 100 customers (in 4 hours) | CustomerDevelopment Labs - [link].
Here’s how I learned why they were critical to successful customerdevelopment. I was an aggressive, young and a very tactical VP of marketing at Ardent , a supercomputer company – who really hadn’t a clue about the relationship between profound beliefs, customer discovery and strategy.
CustomerDevelopment , Agile Engineering and the Lean methodology enforced a process of incremental and iterative development. Startups could now get a first version of a product out to customers in weeks/months rather than months/years. In the new bubble PR may be your new best friend, so invest in it.
This series of posts is a brief explanation of how we’ve evolved from Product Development to CustomerDevelopment to the Lean Startup. The Product Development Diagram Emerging early in the twentieth century, this product-centric model described a process that evolved in manufacturing industries.
— Andy explained that, years ago, a PR person’s was to turn so-called influencers like journalists and analysts into advocates for your client. Positioning must be authentic, she stresses: Here’s the thing about great positioning or great PR: You have to be aligned with who you are. Filed under: CustomerDevelopment.
Shawn immediately said the name I had given the four steps was confusing – I had called it market development – he suggested that I call it CustomerDevelopment – and the name stuck. It’s easy to simply buy customers, but only real value makes them stay.
For example, succeeding at PR before you have retention is actively unhelpful. CustomerDevelopment and UX both have good tools for doing this. You need to decide which questions matter to your particular business, and then obsess about answering those. When you talk to your team or VCs, bring them back to your own questions.
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In the meantime, I think we have a good explanation for what all those PR dollars are being spent trying to obscure. Labels: product development 2comments: Anonymoussaid. The Entrepreneur’s Guide to CustomerDevelopment ► June (3) What is a startup? Dont fall for it - its a trap. Great post!
It had no PR agency. It was the model for almost every military startup that followed, and its alumni who lived through its engineering and customer-centric culture had a profound effect on the rest of the valley, the intelligence community and the country. ESL had no marketing people. It shunned publicity.
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