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10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

To be clear, I define a product specification as the technical definition of your product, to be used for development and testing purposes, with a quick business summary for context. Don’t let your passion convince you that word-of-mouth and viral marketing will suffice against well-funded competitors and ever more demanding customers.

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The only 2 ways to build a $100 million business

Version One Ventures

Your business has a high viral co-efficient (or perhaps even a network effect) that lets you amass users cheaply without worrying too much about the monetization per user or spending money on paid acquisition. High LTV can usually be found in transactional or subscription businesses.

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Startup CTO Speaking

SoCal CTO

Tony provides specific models and suggestions for how startups can leverage social networks for viral growth yet maintain their independence so as not to limit themselves long-term. What is our viral spread coefficient? What is our lifetime customer value and how can we drive that up? What does it cost to acquire a new customer?

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Pricing determines your business

A Smart Bear: Startups and Marketing for Geeks

Marketing and sales spend is nil, so there has to be a reason it spreads by word of mouth, ideally virally as a natural result of using the product itself. $10/mo 10/mo means people see you as a cheap version of something else, but still expect a phone number. Think: GoDaddy). Even bootstrapped businesses can make this work (e.g.

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Business ecology and the four customer currencies

Startup Lessons Learned

In a previous post , I covered the three main drivers of growth: Paid, Sticky, and Viral. Some companies definitely should. Others definitely shouldn’t. Let’s look at a viral growth company, like Facebook. If you are building a large, viral, ad-support consumer internet property, you just want to go big!

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[Review] The Social Customer

YoungUpstarts

Neither is it to achieve the greatest reach or “virality” in one’s digital campaign. To understand what Social CRM is, let us first consider this definition by Metz: The customer owns the conversation now, so companies need to change the way they do business.

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How Online Video Companies Can Increase Margin and Build Better Businesses

Both Sides of the Table

That is the definition of Disruptive Technology. Content can go viral – the highest quality stuff is shared. This has allowed the largest online video content producers like Maker Studios ( where I am a large investor ) to produce videos for 99% cheaper than traditional TV. Content goes global (of Maker Studios 4.4

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