traction: a startup guide to getting customers (slideshare summary)

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“Traction is basically quantitative evidence of customer demand” – Naval Ravikant, founder of AngelList

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Page 1: Traction: A Startup Guide to Getting Customers (slideshare summary)

“Traction is basically quantitative evidence of customer demand”

– Naval Ravikant,

founder of AngelList

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Channels

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1. Brainstorm

2.Rank

3.Prioritize

4.Test

5.Focusing

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Product Development & Traction Simultaneously

Brainstorm

Rank

Prioritize

Test

Focusing

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Make something people want

3 Phases

Market something people want

Scale your business

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• The Law of Shitty Click-throughs

• Inner Circle Tests

• Optimization Through A/B Testing

• Online Tools

• Quantify Your Results

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• Critical Path

• Traction Goal

• Milestones

• Department Critical Paths

• Traction Sub-Goals

• Mentors

• Overcome Biases

Traction Trumps Everything!

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The Viral Coefficient tells you the number of additional user you can get for each user you bring in.

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Time for a viral Strategy?

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The best way to figure out the right kind of loop to build is simple:

copy those who have done it before!

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Public Relations = traffic + fundraising

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SEM Terminology

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Social & Display Ads

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• Large Ad Networks

• Niche Ad Networks

• Direct Ads

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• LinkedIn

• Twitter

• Facebook

• StumbleUpon

• Foursquare

• Tumblr

• reddit

• YouTube

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Demographics

Cost

Tracking

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Fat-head vs. Long-Tail

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• Finding Customers

• Engaging Customers

• Retaining customer

• Revenue• Referrals

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Create useful tools like calculators, widgets, and educational micro-sites to get your company in front of potential customers. Its not physics, its engineering as marketing.

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- Annual Promotions - Micro-Sites - Widgets

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First you have to find them …

• Search Engines

• YouTube

• Delicious

• Twitter

• Social Mention

• Talk to People

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VIP Access

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Blog Sponsorship

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• Standard Partnership

• Joint Ventures• Licensing• Distribution Deals • Supply Partners

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Choose your partners wisely!

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Build a pipeline of BD deals.

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- API’s - Feeds- Crawling Technology - Embed Codes

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SPIN SELLINGS = Situation QuestionsP = Problem QuestionsI = Implication QuestionsN = Need-Payoff Questions

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Generating Leads

Qualifying Leads

Closing Leads

Sales Funnel

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Common Affiliate Programs

• Retail• Coupon/Deal sites• Loyalty programs• Aggregators• Email lists• Vertical sites

• Information Products

• Lead Generation

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Strategy & Tactics

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Major Affiliate Networks: • Commission Juntion

• ClickBank

• Affiliate.com

• Pepperjam

• ShareASale

• Adknowledge

• Linkshare

• MobAff

• Neverblue

• Clickbooth

• WhateSharek Media

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Existing PlatformsoApp StoresoSocial PlatformsoAdd-ons and

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• Build an Initial Audience

• Establish Your Mission

• Foster Cross-connections

• Communicate with your Audience

• Be Transparent

• Ensure Quality

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Benefits• Building Assets

• Product Development

• Inbound Hiring

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