Step-By-Step Guide On Getting Online Business – Home Business

Working out or getting some exercise is important. It not only helps you remain fit, what’s more, it helps keep you motivated and make your self-confidence. Virtually no pollution . reason for working out may be the it can help reduce fatigue. Regular disciplined exercising will within your you healthier as it cuts down on the potential for you contracting some illnesses and health problems. With increased strength and metabolism, you’ll be able to achieve more in a better manner for you.

But, thankfully, there recently been an answer discovered to such an amazing and often heart wrenching problem for mothers. This particular working within your own. You can create private personal in home business or google search will find to find a job a person work strictly from want to find out at year ’round and never need to leave here is where hula do any work. That is a guarantee that you will be at home all times for your kids, and also that won’t be forced to pay a baby sitter or send them to daycare sooner. You can also take these phones any activities they throughout and be there notice them.

Take ruptures. Breaks aren’t just ways to flee work; tend to be essential for time management, especially with computer jobs or writing jobs. A person naturally blink less when staring at computer screens, your eyes become irritated faster. Your posture, hands and arms also troubles continuous hunching and inputting. Over time, your quality of work degrades from physical policies. Try stretching or getting ticket at least 10 minutes for every hour you type.

Legitimate work from home businesses don’t always require Fortune 500 ambition. By using a reasonable, but exciting, home-based company of the own, you will help to spend money on everything by way of the kids’ college tuition to an evening meal for two at your local, favorite burger the big toe joint.

Don’t bypass applying terrible work at home job you hear about, no matter whether you feature the ability to essentially do the job. It’s just a good idea.

Invest some new machinery. You may be given the chance to write a part or each it off on your taxes. Consists of budget stuff are large, such as fax machines, computers and also other equipment are heavy. Keep tabs on business for both large and small.

Am I able expend some little money? While you can create a home company on a shoestring budget, you should bear planned that customers are all about investment. Tend to be you within your enterprise for anyone to earn utilising expect to get from this?

Pet Services Pet Grooming Services – If you want to take good care of animals since dogs, cats and birds, you offer pet services such as nail cleaning, hair cutting as well pet grooming services. You should use the same tools that you simply in grooming your pooch or cats. Tell your friends and neighbors that you will take proper their pet’s grooming. Engage to a family pet product marketing! Be a reseller of pet products such as food supplements, shampoos, nail cutters and clippers, a lot of others. You can offer these products online and offline.

A step-by-step guide of how I would build a SaaS company right now – part 2

This is part 2 of 5.

Part 1

LET'S DO THIS!

Big thank you to everyone that upvoted and commented on the last post.

I’m pumped, this is part 2 of 5 for those keeping track at home.

  1. Start with your revenue and monetization plan (are you targeting a sector that has money and can/will pay – Part 1)
  2. Align yourself with others in your space (cheapest way to get traction/credibility)
  3. Work on road mapping your product to align with what complements your partnerships (cheapest distribution)
  4. Work on building a marketing strategy that can help expose and align your brand while strengthening its recognition with your partners (will this make us both look good)
  5. Build customer advocates along the way, tell their stories (lead with examples)

Early traction, everyone wants it, very few people know how to do it effectively. Hell I’ve seen it all, run all the experiments, all the tests and I can tell you from experience if you have the patience, slow, steady, and surgical is the way to grow. Especially in the beginning.

In part one we spent a lot of time asking some basic fundamental business questions. Including, an exercise in the importance of being able to niche down.

We’re going to expand on the niching down because it’s how you gain clarity and find people to align yourself with early on.

The goal of this will be to understand:

  1. How to niche down
  2. How to use this to target a market and recognize opportunity
  3. How to position within that market
  4. How to give yourself the biggest chance of success

I’ve chosen to outline these in all our steps for niching down.

You’re going to see these steps move from research to market evaluation to list building stopping just short of outreach. We’ll touch on this in part 3.

Last week I took a call where someone told me their target market is males 25-45 that like sports.

This is the most important part of your entire business. I’m serious.

Let’s rock through this together so we can get you super focused and know where and how to spend your time and money.

(The below was laid out in part 1 and was the layered niching exercise)

LEVEL 1: We’re a helpdesk product.

How to niche down

The big question is “for who”?

So you’ve picked the type of product you are building and a use case, the problem is there are lots of people like you out there and this doesn’t tell me much about your market, it’s too broad.

How to use this to target a market and recognize opportunity

Because this is so broad, it’s impossible to actually target a market and without being able to do that, it’s not possible to recognize opportunities, there’s just too many of them.

How to position within that market

Competition is good and bad, but it’s always better to be a big fish in a little pond, the best way to reduce the size of your pond is to niche down as much as possible while still understanding a large enough TAM (total addressable market).

How to give yourself the biggest chance of success

No wasted effort. Every idea, concept, must have a small goal attached to it.

It’s too expensive to try to be everything for everyone and when you take this approach you end up failing at doing any one thing well enough for people to switch.

Let’s build on this.

LEVEL 2: We’re a helpdesk product for eCommerce companies.

How to niche down

Pick an industry or trend that is on the rise – look towards a shift or something that relates to changes people are making in their daily routine.

In this case we picked eCommerce because it’s on track to hit over $ 7 Trillion worldwide this year and has steadily been increasing across all brands. So we have an industry with a large enough economic driver to let us start niching down.

How to use this to target a market and recognize opportunity

We now buy things online that we never would have thought to do so even just a few years ago. Amazon is selling Tiny Homes now, seriously, if you can buy it, odds are you can do it online. There are massive opportunities to bring goods and services to people through convenient online shopping. And with that increase they will all need a help desk platform to provide the best experience for their customers.

Customers today don’t want to speak with people, they want answers quickly and easily. It’s all about reducing friction.

How to position within that market

Narrow down within the market. eCommerce is a good starting point, there are different industries, subsets, and categories. Go narrower. Start thinking about where the friction exists in the industry and for what subsets.

How to give yourself the biggest chance of success

In the beginning, it’s going to be an uphill battle, picking the right trending industry will give you the best chance of success. Something that is rising up to the right in popularity is way easier to sell into than a trend that is declining.

Know your competitive landscape.

Everyone has a competitor, whether direct, partial, or mildly related. Spend a lot of time on understanding this and knowing that your product is part of a very large landscape or landscape of potential competitors. Any one of the existing partial or mildly related competitors may be building something to more directly compete with you down the road.

Practical advice

Most companies stop here and hope for the best.

Unfortunately, this isn’t a go to market plan or a sustainable business model.

There’s an important bit worth mentioning here as it will become a theme of this entire post.

Great products enhance workflows through features, the focus isn’t on the product but what the product enables people to do. Success in the software business is all about understanding existing workflows and simplifying the experience.

As you do this exercise to niche down ask yourself:

What does the current workflow look like?

What are they currently using?

How are they currently using it?

Where are the gaps?

What are the best practices for creating workflows?

Always seek to understand how your product works in a workflow – what role it plays, how it best optimizes – this is the data play referred to in Part 1.

What are the things that matter most to people in the eCommerce space?

That’s a lot of questions with even more answers, when you peel everything back it becomes very clear that it’s not possible to answer all of them without going deeper.

Too many people to talk to, too many industries, too much everything.

Let’s take a different approach – how I got to Shopify in the next niche down.

No successful new SaaS company today launches without an integration.

So let’s find an eCommerce platform to integrate with.

We have to look for a stable player that has an app store and is a market leader.

As a starting point, my goal is to be a help desk for ecommerce companies.

  1. I need a list of all eCommerce platforms
  2. I need to understand which help desks they already integrate with
  3. I need to understand what people like and don’t like about them
  4. I need to find out which platform is going to be the best fit for my product

There are lots of sources for this and even more articles, google and read.

If you’re looking for numbers though and data, use BuiltWith and run a search on the platforms after you have your list to figure out which is the most popular.

Ok so we have our list of eCommerce platforms, we’ve analyzed the data, made sure they tick all the boxes and we’ve run our reports and found that Shopify powers 1.2 million stores.

Let’s lock it in as our next step in niching down.

LEVEL 3: We’re a helpdesk product for eCommerce companies using Shopify.

How to niche down

It’s more than just market size. Going with a market leader is always a safe bet but it also provides the most competition. Sometimes going with a smaller platform that doesn’t get all the attention is a worthwhile research project.

How to use this to target a market and recognize opportunity

There are two sides of the opportunity and this is something that I didn’t touch on in the original niching down. Shopify and BuiltWith categorize the types of stores that are on the platform, so you can niche down to a certain type of store, for example just cosmetics or just apparel.

The other side of the opportunity is putting together your list of companies currently operating in the ecosystem.

How to position within that market

Smart people are really good at collecting data and interpreting it.

Let’s get some data.

  1. Go to the shopify app store
  2. Type in “Support”
  3. Click paid on the left margin and click the “Support Category”
  4. Use something like Simple Scraper ( a great chrome plugin, no affiliation)
  5. Get your scrape on, this shows 87
  6. Time to get busy – categorize them
  7. Pick the ones most similar to your offerings
  8. Click on them, look at their reviews – all of them on shopify Scrape them
  9. Go to G2 and Capterra and look through all those reviews as well
  10. Put them all in a spreadsheet, read them all, highlight those that stand out
  11. Find the ones that are popular, others that have features people like etc.
  12. Document, and integrate the baseline features into a trello board on your product roadmap
  13. Take all the bad reviews and complaints – look for gaps that you can fill

How to give yourself the biggest chance of success

So take a look above, we went from a bunch of questions to being able to do a ton of market research to do product research and understand the current market offerings and where we might be able to gain some ground and offer something people might be interested in and ARE PAYING FOR.

How do you stand out?

You need to have a workflow that is 10x better than a current competitor in the market with a strong roadmap that lays out how you intend on optimizing this workflow. Features are built to augment the workflow and simplify the work of your clients employees, less work, more data, better understanding.

Ok so we’ve narrowed it down to eCommerce and Shopify and we have a list of other products that are currently playing in the space. We’re now looking at workflow – let’s figure this bit out.

LEVEL 4: We’re a helpdesk product for eCommerce companies using Shopify and Shipstation.

How to niche down

Add another variable – it doesn’t have to be Shipstation, but it’s a good example as for eCommerce you’re likely shipping products places. By adding another variable, we’re shrinking our population to target.

How to use this to target a market and recognize opportunity

The biggest problem for all companies these days is combining different one off services and getting them to play nicely together. Stand alone products usually outclass all in one products as stated above because the focus is better. This is generally always going to be where you can find a gap in the market as the integrating of products is an afterthought rather than something contemplated in the very beginning.

How do you decide on the technologies you want to work with?

How to position within that market

Don’t guess. Understand the workflow of an eCommerce company and how it relates to support. For instance, most support tickets relate to order status, tracking, and returns. These all involve the store, transaction, the service desk, and the shipping carrier. Look for ways to streamline the experience for the service rep – for instance if refunds require approval, build a system that allows for all those tickets to be queued up with an easy interface for approvals or different color tagging to allow for them to be easily sorted by type.

By focusing on two technologies you can start by creating a better visual collaboration between tools to improve overall experience.

How to give yourself the biggest chance of success

Stack the deck in your favor.

Focus on where you can drive early alignment between your product offering and the audiences of your now two products. When you reach out to both companies especially the smaller ones like a Shipstation, you can collect more information about who they are catering to, volumes etc.

Most companies have a partner program – look into connecting with the lead.

When the time is right you might even get a shoutout on their social or blog or you can decide to co-publish some research report together. Lots of options.

Let’s double down on what being niche allows us to do:

  1. Know our audience
  2. Research with purpose
  3. Personalize outreach with early feelers
  4. Better understand a realistic TAM (total addressable market)
  5. Understand overlap between products
  6. Early alignment with bigger names

This whole topic is about alignment, alignment with partners, customers, and your product.

We have a list of potential customers now, but we need to segment them down further.

LEVEL 5: We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus.

How to niche down

Why less than 100 skus?

This means they are small enough to try a new product. It also means you can see what works and what doesn’t work on a potentially smaller store. When you’re managing a store with more than 100 skus, things get a little complicated, it’s an arbitrary number but changing internal processes and workflows when you get to that level means that your staff is coming from a place of having used a system before that could handle the volume and trying out something newer or unproven is a tall order.

This process can be applied to anything, if your product does better project management look for people that run less than 20 projects at a time or projects that are less than 6 months, whatever it may be. We’re starting small.

Always default to the path of least resistance. Work smarter, not harder.

How to use this to target a market and recognize opportunity

I’m sure this could be automated, but in lieu of it being automated, you should start by manually figuring this out for yourself.

That list you have from BuiltWith that has urls, yeah we’re going to use that one.

Put the websites in the spreadsheet you downloaded, then create a new column and add “products” to the url – so you have the website in cell A, the word “products” in cell B then in blank cell C write “=CONCATENATE(A:B)” congratulations now you have cell C that will take you straight to the product page to see how many skus they have.

Update this hack doesn’t work on all shopify websites like I had hoped and after some research it seems like this is a bit of a struggle point for others as well.

I’m sure someone could write a script to scrape this information.

Go find an intern or hire someone to do all the lookups for you or find someone to write a script to automate the results – remember always work smart.

Run this and you’ll come up with your go to target list.

How to position within that market

The best helpdesk for stores on Shopify using shipstation with less than 100 skus – all of a sudden this starts to sound like something someone would almost search for. That’s the point.

We’re working our way down where it becomes a simple checklist if someone was searching for things.

Shopify – check

Shipstation – check

Built for smaller stores – check

How to give yourself the biggest chance of success

Remember you’re not building a product for everyone yet, your goal is to dominate a niche. You can always expand from there.

So we’re about half way through and we have figured out our potential partners and now we’re working on narrowing down this customer list. Before we dive in and start reaching out we need to really understand who we’re targeting and we need to start small.

Let’s narrow this down even further.

LEVEL 6: We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus and do less than $ 10 million in annual revenue.

How to niche down

Why the less than $ 10 million in annual revenue? The only reason I would say this in the beginning is that they won’t have as much traffic and ticket volume, they make for better early clients, you can learn a lot more from their use cases and improve the product without worrying about something going wrong and a larger client really getting mad and churning. You also usually have greater access to work with their staff to improve your product.

How to use this to target a market and recognize opportunity

Unless you’re currently on the front lines, you need to find some early providers of feedback that are on the front lines. In essence, this is the starting point of a community and information play.

There aren’t a lot of data points available about companies in the early stages. People always have questions and there are limited resources in the early days, even across similar companies.

(Just look at reddit there are tons of repeat answers and questions.)

Someone answering tickets all day is the last person that wants to provide feedback, as much as they would like their job made easier, they don’t have the time.

How to position within that market

“But I need a big logo to let people know that I’m real.” You don’t, not in the beginning. All you need is a few good customers that are open to lending you the feedback you need to get better. A lot of smaller brands do a good job of branding, play the long game, find brands that are growing and try to get in early – grow with them.

Logo hunting has its place but you need to find product market fit before you can really make that happen.

By now you have probably figured out that whenever possible you should automate things. The way you do this is through data collection.

Using logic, math, and a spreadsheet you can do enough to be dangerous.

Use a service to figure out what their unique traffic is, take a look at their products and assume that their cart value is around 2-4 products per order then take the conversion rates by industry – you can find these online they are openly listed.

Your sheet will look something like this:

Company, Traffic, Conversion Percentage, Order Value, Sales Percentage, Revenue

eCommerce blended average is 2.2% – go use a spreadsheet and some formulas and bam you now have the revenue numbers. We’re not looking for exacts here, but more generally a good estimate.

I’ve actually run these numbers, if the products are sold through other channels, Amazon, retail, etc, then a rough estimate would be around ~33% of the revenue will come from the ecommerce store.

Factor in a range based on the size of the brand and it’s channels this should give you a rough estimate of the revenue even if they don’t publish it.

How to give yourself the biggest chance of success

Provide value – the most overhyped phrase but still true – the question then becomes, with something as subjective as “value” rather than just create, instead ask and create. This part is coming up, we’re almost ready to turn this on.

We’ve started to move from who are partners are to who are our potential customers. This is on purpose – my stance is that your first customers are really your partners and you should work on aligning yourself with those that are the best fit for your product.

You want your first clients to buy into your vision and invest the time to help shape it.

Ok on to the next –

LEVEL 7: We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus and do less than $ 10 million in annual revenue with support teams less than 5 people.

How to niche down

So now we’re getting into the easier stuff – this is just a simple LinkedIn Search – small teams are usually before the real deep process point, they are also really good at providing feedback on tools that can actually help them out.

How to use this to target a market and recognize opportunity

If you have less than 5 people on a team, it’s a small enough number to target the entire team – multi prong approach to product awareness.

For customer support they are often the least paid and they have the most stressful jobs – it’s an all around shitty position to be in, so if you can provide them joy, you’re going to make fans quick. Also, they aren’t usually sold into, they are rarely asked their opinion, etc.

How to position within that market

Give them a voice. The same goes for any lower level positions as well by the way. When people are getting started in their careers they are looking to hear about the jobs people have even at the lower levels but the resources just aren’t there. Even for more senior roles, it’s hard to get a beat on what the current status is of their projects, people don’t like sharing – I still don’t know why.

We’re seeing communities around Sales popup SalesHacker, r/sales, Bravado etc. We don’t see as many for other roles, there is a wide open space in this. I don’t see any places for people to better understand customer support/success which is THE ONLY INBOUND TOUCHPOINT WITH CUSTOMERS POST SALE.

How to give yourself the biggest chance of success

This is part of the philosophy and psychology of understanding human dynamics. Find a persona that you can relate to immediately and build your product around fixing their problems, be obsessed with this.

They get paid nothing, but they’d like less tickets, how do you reduce that ticket count, how do you bring other parts of the business that they may need to have access to more prominently in your support system so they don’t have to have multiple windows open. How do you build something to maximize their efficiency?

Better yet, how do you tag someone in the CRM and flag it over to the sales system to see if they purchase more product as a result of a good interaction with support – this is how you turn a cost center into a revenue generator. This is a killer feature that I’m not aware of out of the box.

This could unlock a commission structure and reward system for what is arguably becoming a dealbreaker for most companies.

Which is a great segway to the next drill down – you should be starting to see how this all really blends together if done correctly.

LEVEL 8: We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus and do less than $ 10 million in annual revenue with support teams less than 5 people who are looking to automate their processes.

How to niche down

They have to be looking to automate their process or improve their workflow. When people find a tech stack that works, oftentimes new technology doesn’t stick around very long, we’re all creatures of habit.

How to use this to target a market and recognize opportunity

You’re only looking for people that are talking about processes or a company that has something related to the pride they take with their process – you can check out BuiltWith and see a list of products they have tried over the last 18 months.

When a company is testing a bunch of different products it means they are looking for a better process. This is your sweet spot.

How to position within that market

You’ve seen me sprinkle “workflow” into this post. This is pretty much a preview of Part 3 and the importance of product design.

Your product must improve someone’s existing workflow. If it doesn’t it’s not a viable product.

There are two parts to this, does your product improve an existing workflow AND how easy can your product be inserted into that workflow?

Remember, this is their business and they need to make a transition as smoothly as possible with as little disruption as possible. This goes for any product you’re selling. Change is hard.

Understanding a company’s process really is everything.

If people aren’t looking to automate or improve their process, there’s a good chance you should change your approach immediately and work towards more of an education campaign and double down on what it would take to let people quickly switch over from an existing platform. Focus on reducing friction.

How to give yourself the biggest chance of success

Looking for people that are interested, not those we need to educate early on.

Data migration and implementation is one of the main reasons people don’t want to switch or entertain new products. There is always a fear of lost productivity.

Everyone is looking to automate right now, but the price has to be right, and that includes not the subscription amount, but the training, the migration, the new workflows, the time to adopt, the willingness to adopt, etc.

During almost any transition, the company will be paying for two systems at the same time during that handoff. This is rough, not enough companies actually address this in a meaningful way.

The argument is that a pure SaaS play doesn’t exist or shouldn’t exist for an early stage company, there should always be a service and consulting component. Hold everyone’s hand, understand their problems and make them feel like you’re building a product just for them.

Ok we’re almost there –

LEVEL 9: We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus and do less than $ 10 million in annual revenue with support teams less than 5 people who are looking to automate their processes who are currently using Zendesk.

How to niche down

Let’s spearfish.

Zendesk – great platform – but has its limits that only show up based on workflows. Zendesk will work great until you have a workflow that incorporates other tools – then it starts to struggle.

This is true of most large legacy platforms. As legacy platforms moved up market to Enterprise for revenue reasons, they usually forget about smaller teams. Instead relying on dev house partners to do customizations.

This is where industry experience really comes into play – knowing the goals of a company or team, their workflows, and where you can create a better solution for those with those workflows for things that the legacy platforms prefer to source out to their dev house partners.

How to use this to target a market and recognize opportunity

Your calls can now go from generic to focused with questions that can hone in on workflows and gaps. For example, Zendesk’s UX/UI sucks for partner integrations, we’ve seen companies like Kustomer, Gorgias, and others become more popular because of a better UX/UI that supports the whole customer experience and journey. This is a fundamental switch in approach.

From one of our earlier research steps we found 87 companies that people were using for support with shopify, we have them in a spreadsheet, we then could take those and put all the competitors in builtwith to run some reports to understand market penetration (you can do this with number of reviews as well by the way if you’re lazy – don’t be lazy).

Download your list – populate your CRM – you now know what people are using, how long they’ve been using them.

Narrow down your list to the top 20 clients – yes only 20.

Even if you have 100 clients or a thousand clients at this point, this process works for every single Sales rep you have – and I’m going on a 95% chance none of them are doing this stuff. And if you tell me they are, I know from the amount of generic ass emails I get regularly spewed out to me they aren’t doing it well and I guarantee you money is being left on the table. (Topic for another day)

How to position within that market

You know what software they are using, you know their tech stack, your goal is to figure out their workflow. If you don’t know, ask. You should understand the general business workflows for the industry – again industry knowledge is required.

Engage them with conversation and find out. Base your questions on conversations you’ve had with other people in the space and be a source of information about how other people are doing it.

The above is completely able to be put into a human measurable process, one based on quality over quantity, relationships over transactions, and geared towards long term growth.

Be about the things that other platforms are not. Focus on changing the narrative from cost center to revenue generator.

The helpdesk for Shopify and Shipstation customers looking to streamline their processes and free up their support teams to become revenue generators in an organic and measurable fashion.

How to give yourself the biggest chance of success

It’s all about workflows, data, and automation.

Niche down, learn from the inside out, follow the trends and work on being able to tie back data to creating more revenue no matter what your product does and you’ll be able to start conversations with people actively looking to create more optimized workflows.

Focusing on a legacy product and small businesses usually allows you to find a sweet spot, they don’t find value in all the features because they won’t use them all. But they do want the more advanced features like automation and workflow help. These are usually cost prohibitive in the platform.

This is why you focus on workflow over features, you’ll never catch up with the big guys in terms of features, but there are always ways to compete on workflows, because everyone has their own independent goals around them. There aren’t standards, only best practices.

Side note – there are entire companies that are hired to implement systems like Zendesk and build integrations on top of it and it’s a market leader. The same goes for any market leader.

LEVEL 10ish: You can add location to the end of our narrowing down. A company physically local to you (at least this was the case prior to COVID-19) can allow for an in person visit which has been massive in building trust with early clients. Makes it easier to have a conversation as well.

That’s it. Go through this process, substitute your values, keep drilling down and recognize opportunity along the way. When you do it correctly you’ll see massive improvements for your initial outreach.

Emails go from:

We’re a new helpdesk company.

To:

We’re a new helpdesk company for customers that use Shopify and Shipstation. We help agile support teams that are looking to better automate their workflows. Our integrations also allows your support team’s interactions to be directly tied into future revenue generation.

___________

I can tell you from experience I’m visiting the url for the second email even if I’m not looking to make a change.

This is a good place to stop, we hit question 2 of 5 and we’re almost at the halfway point.

If you have more specific questions about this part just drop them in the comments and I'll respond to them.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Our own step-by-step startup/project launch checklist

Hey guys! So my co-founder and I launched several projects/businesses over the past 2 years (incl. our marketing agency, local tour agency, and a bunch of other stuff). We usually go through the exact same process for every project launch, so we decided to turn it into a checklist, both for ourselves & the internet people on Reddit.

You can check out the complete checklist here, and here's a Reddit-format-friendly post:

Step #1 – Research Phase

Before you start planning your launch, you need to figure out your overall product and marketing strategy. Here’s what you need to think about:

  • Create a list of competitors in your niche. Make a spreadsheet that includes:
    • Competitor Name
    • Link
    • Pricing Options
    • Key Features
  • Define your product & business. Decide on the following:
    • What’s your business model?
    • What’s your pricing model?
    • How many pricing tiers do you offer?
    • Do you offer a free trial?
    • Is your product freemium?
    • Which key features are you going to focus on for launch?
    • What’s your differentiator? How are you going to beat the existing products on the market?
  • Spy on your competitors and figure out which marketing channels are getting them the best results.
    • Content Marketing. Do they publish blog posts on a regular basis? Do they promote their content on social media? Do they get a lot of Facebook, Twitter, or LinkedIn shares?
    • SEO. Do they have good rankings on Google with their blog posts? Do their landing pages rank on product search terms? You can check this by running their website through SEMrush or Ahrefs.
    • Search Ads. Are they running ads on Google Search? You can check this by running their site through SEMrush.
    • Facebook Ads. Are they running ads on Facebook? You can check this through Facebook Ad Library.
    • Affiliate Marketing. Check their website footer to see if they have an affiliate page up. You can also do this through a simple search query: “site:[competitor website] affiliate program”
    • Referral Marketing. You can usually find this in the footer. Check what kind of referral terms your competitors offer.
  • Now, use everything you’ve learned so far and create a pitch deck if you’re planning on raising money, or a business plan if you’re not.

Step #2 – Slap Together a Website

Time to get things rolling. The next step is to create a website & lay the foundation for your marketing.

  • Pick a domain name. Pro-tip, all the good “.com”s are taken. Go for something more creative like a .io, .xyz, or other TLD. We recommend using NameSilo for buying the actual domains, they don’t do price-gouging, unlike most providers.
  • Buy hosting. We recommend using SiteGround – they have 99.99% server uptime, and their customer support is amazing.
  • Pick an email marketing provider. It doesn’t particularly matter which one. We usually recommend MailChimp since it’s free for up to 2,000 subscribers.
  • Create relevant social profiles. The key here is relevant. If you’re a B2B enterprise software company, you really don’t need an Instagram profile where you post selfies. Usually, most startups go for Facebook, LinkedIn, and Twitter.
  • Create a landing page for your product. You’ll need to create a landing page that sells your product. In 99% of cases, we recommend using WordPress. It’s going to allow you to be a LOT leaner than having your tech team code your entire website from scratch.
  • Create other essential web pages. E.g. about us, contact us, pricing page.
  • Set up a payment processor. We’d recommend Stripe (the best option on the market) or PayPal (if you really have to).
  • Set up Analytics. You can pick between Google Analytics, MixPanel, or other alternatives.
  • Set up a business email. We recommend using G Suite. Dealing with your hosting provider’s email service will be a pain when scaling.
  • Launch a blog. If you’re planning on using content marketing or SEO for your marketing (which, in 2020, most product companies do), you’ll need a blog.

Step #3 – Do Some Pre-Launch Marketing

If you have the extra time and resources, you can start marketing your product way before you’ve even launched. Usually, this involves:

  • Add an email capture on your landing page
  • Incentivize early adopters. Offer them something extra than just a “we’re going to email you once we launch!”
  • Drive traffic. Usually, the best channels to use for pre-launch marketing are content marketing, SEO, and PR. More on each channel under “Ongoing Marketing” below.

Step #4 – Get Some Initial Traction

Once you have an MVP, you want to validate 2 things: that your product works, and that it can drive conversions (and hence, revenue). Here’s how to do it lean:

  • If you did pre-launch marketing, launch an email to anyone that pre-signed for your product.
  • Cold call your first 50 customers. The easiest way to get your first customers is to do some cold calling. After all, if you can’t sell your product on a one-on-one call, how will you sell it to strangers on the internet via text?
  • Find leads on social media. Use Facebook, LinkedIn, or Twitter to find leads on social media and pitch them with a direct message.
  • Run search ads. If you have a flexible budget, you can run search ads on direct intent keywords. E.g. if your product is a resume builder, you advertise on the keyword “resume builder.”

Step #5 – Prep For Launch

Every startup gets one “launch” in its lifetime. Here’s how to make sure you get it right:

  • Create a Press Kit and put it up on your website. This is going to be helpful for journalists who want to write about your website.
  • Gather a list of journalists that wrote about your competition. You’re going to email them during launch and ask for a feature. Use tools like Hunter.io or Clearbit Connect to find the journalist’s email addresses.
  • Create a list of all your acquaintances that use ProductHunt (PH). You’ll want to ping them and ask for support once you launch on PH (more on this in the next step).
  • Create a list of all your friends and acquaintances who might have connections to your target audience. You’ll reach out to them during launch.

Step #6 – LAUNCH!

Time to hit that big, shiny red button and LAUNCH!

  • Reach out to all the journalists you listed in the last step and pitch your product. The PoV of the pitch should be “hey, you wrote about [competitor x]. We have a similar product, but here’s how ours stands out…”
  • Launch on ProductHunt
  • Reach out to all your friends and acquaintances we listed out in the last step, and ask for a share of your product landing page. For the best results, you should also give them the EXACT text they should use when sharing the page.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Step-by-step Guide for On-Demand Delivery Services for Groceries?

Hi all,

I was wondering if there's any guide for On-Demand Delivery Services for Groceries that has information and guidance about what do I need to do in order to start my business up and running (like iOS/Android app for the consumer, delivery representative and the grocery store, the company structure, legal affairs, budget etc)?

Tried to google but I mostly found either for Food/Restaurant on-demand delivery service, or simply statistics about them.

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Startups – Rapid Growth and Innovation is in Our Very Nature!

A step-by-step guide of how I would build a SaaS company right now – part 1

LET'S DO THIS!

I've been getting some questions recently from people that have reached out to me for advice and I wanted to pay it forward to the community. I've advised a ton of businesses from idea, to seed, to raising money and exiting.

My focus is on business strategy, sales, and marketing. All around building repeatable processes and streamlining operations.

This is what I advise my clients to do right now –

General thoughts about B2B and B2C

If you're B2B you're looking at either ongoing services or software and in some cases a little of both.

If you're B2C you should be looking at consumable products, things people buy multiple times, with high LTV (lifetime value) customers or a product with a subscription element. NO OTHER EXCEPTIONS HERE.

If you're selling into either businesses or consumers today, it's all about perceived value, which means there is some wiggle room depending on who you're selling to, BUT the following really should be held as foundational:

These are pretty much the only reasons people buy things for B2B:

  1. It saves them time (reduces friction or replaces a time consuming task)
  2. Makes/saves them money (creates revenue/ adds value that lets them win business)
  3. Adoption is simple for their workforce (is easy to incorporate into an existing workflow and anyone can use it/cost of switching in relearning)
  4. Adds transparency and allows for bigger insights (provides data)
  5. B2C additional one – provides them joy or enhances their life

That's it.

The most high growth businesses usually knock out at least two of the above. Really high growth companies hit four or more.

Uber is an example of hitting just about all of them:

  1. No need to call a cab company and hope they show up, know where they are
  2. Saves them money, no more guessing on price and subsidized rides
  3. Just download an app on your existing phone and add your cc number
  4. Tells me where my ride is, how long until they come to me, and how much it will cost
  5. Gives me an easy way to get a ride when parking is tough or drinking is involved because of their reliability

This works for a lot of businesses though – and there are more than a few SaaS companies that I’m close with that have nailed the majority of them and are creeping up in clients and funding as a result in historically busy spaces.

Overall management advice because it’s more important than people think

Managing is tough, just because someone was a great employee doesn’t make them a great manager and just because someone is an executive doesn’t make them a great communicator.

Respect that everyone has different ways of communicating.

Two lessons I’ve learned from working with a ton of senior leadership.

Internally, break down everything into little goals, constantly ask yourself "What's my goal?" when it relates to calls, emails, outreach, posting, hiring, meetings, etc.

Make that shit your mantra then distill it down to the simplest form it can be.

You should always strive for clear and concise communication throughout all interactions. If you disagree with a request or find it not in the best interest, agree anyway first, then raise questions about it. Remember, we’re all in this together and our goal as a company is to help everyone clearly articulate “What’s my goal?” at a micro level to encourage good communication.

Record all your processes from day one – process is what sets apart winners and losers, always be looking to improve your processes because down the line you're going to be looking to automate these – having records of your approach and what worked and didn't will be invaluable while growing, scaling, or building systems to streamline your approach.

There is a tool for everything, that doesn’t mean you should use every tool. Find what works for your team and what has the highest level of adoption, create good habits around using the tools that provide you the best organization.

Pep talk done let’s get down to business

When you're starting out the only things that matter are:

Business strategy, partnerships, product, and marketing strategy.

IN THAT ORDER

Some of you will argue a team should be included, but I’m of the belief that if you nail all the above correctly, the people you have running it don’t matter as much. It’s more a matter of consistency and process than the people are executing.

Today most smart businesses follow the same path:

  1. Start with your revenue and monetization plan (are you targeting a sector that has money and can/will pay)
  2. Align yourself with others in your space (cheapest way to get traction/credibility)
  3. Work on road mapping your product to align with what complements your partnerships (cheapest distribution)
  4. Work on building a marketing strategy that can help expose and align your brand while strengthening its recognition with your partners (will this make us both look good)
  5. Build customer advocates along the way, tell their stories (lead with examples)

The above if done correctly massively increases your chances of success

Let’s go over them one by one. (this post only covers number 1 – let me know in the comments if you want me to write up 2 through 5)

REVENUE AND MONETIZATION – Will they pay? Do they have money?

The following three questions can help you quickly weed out your ideas:

  1. Is what you’re building something that people are used to paying for?
  2. Is the part of the business you’re looking at a cost center or a revenue generator?
  3. Is what you’re providing a race to the bottom or increasingly a data play?

You're answers should be, YES, Revenue Generator, Data Play.

This is your best shot at success. Even a reduction in costs isn't as sexy all the time. Just compare your support budget to your marketing budget and these things become clear.

Story time relevant to number 2 above – cost center v revenue generator

We were using a series of three tools to automate a series of tasks we all hated. The three tools cost us around $ 1500 a month, the tools that did all the automation that we added, less than $ 200. We had to use the other tool either way but for $ 200 we were able to automate 80% of our work. To us we would have paid 10x for those solutions. The gap was we didn’t have any other good options to accomplish what we needed.

I thought about building out a system and a product to fit this space, knowing the amount of savings this provided, but I ran into a problem – People weren't used to paying that amount for what we could provide, the part of the business was viewed as a cost center, and the data play is something that hadn't been used in that way before. Great idea, needed, proven out, but not marketable.

You always want to be part of revenue creation – people are willing to pay more just about every time.

Even really good ideas sometimes aren’t worth pursuing if the market conditions can’t support them.

If you hit all the above three then we can move on to the best steps for getting this up and running.

The steps for validating an idea

  1. Market knowledge
  2. Competitor research
  3. Niche
  4. Earmarked budget

Market Knowledge

Know the industry you're entering.

Please, for the love of everything, only start a company if you have intimate domain experience. Put differently, if someone was looking for someone to present even at a local level around what you're building would you be able to speak articulately about it where people would respect your opinion because of past work you've done?

If the answer is Yes, pat yourself on the back.

If it is no, stop, don’t pass go, you’re stuck with two options –

  1. Recruit someone to work with you that has enough domain knowledge for the both of you, or
  2. Go get some experience in the field, then come back to your plan

Far too often I talk to people that have had massive success or are really really smart, but they are taking on a project or product that is outside of their sweet spot. This leads to utter and total chaos and really is a waste of time and money in the vast majority of cases.

Those that don’t know, partner. We’ll get to more of this in the second step, I’ve seen this work with companies where some groups lacked complete domain expertise. These were 3x CEOs and founders with healthy exits. This is harder to do, but works if you're smart about it.

So what happens when a founder doesn’t have domain level experience especially in the early going, problems with go to market and validation, sometimes a general lack of understanding of business principles and market conditions. The result 99.9% of the time is that without domain expertise, founders end up misjudging the market massively and fail to provide the appropriate value.

They often find themselves playing catch up and not in a good way, this is something that is easy to avoid, but hard to admit to oneself.

I’m a huge proponent of learning an industry on the fly, but I feel like the better decision when possible is to get paid by someone else while you’re learning.

But what about getting advisors and consultants to help me bridge the gap?

I’ve seen this one in person, I’ve been part of this one, people don’t listen all the time. In some of the companies I’ve done work for, I’ve laid out what steps they should take, and watched as they fought back based on calculations that lacked all possible basis of being remotely possible losing millions of dollars in the process. The lack of domain expertise kills you when it comes to decision making if you’re not open to listening. But as an advisor, your job isn’t to make decisions for the teams, it’s to provide guidance and engage in conversations to bring issues to light and help people focus on goals.

I've literally called business results months in advance in single meetings with executives only to watch things play out exactly how I predicted – usually negatively.

Competitor Research (this is just an overview – this is it's own post and a half)

The basics

  1. Selling to someone that is using an existing solution is easier than enticing someone on a new concept or idea – cheaper too
  2. If there's competitor there are easy ways to build entire spreadsheets of their client list
  3. Look for industries within those client lists to build case studies around
  4. Remember you're in the game of creating content – be a resource for your community
  5. Qualify potential customers by using their opinions in your content marketing
  6. Use existing platforms for distribution where possible (integrations anyone?)

You have more competitors that you know when launching a product, even if you’re a market first, you’re going to quickly find that the barriers to entry are steep and if the market is big enough people will be able to out spend, out maneuver, and out shout you pretty quickly.

This shouldn’t deter you, it just means you need to be smarter.

Existing Providers

Know the entire landscape for the type of product that you are creating. Know all the sort of competitors, talk to people and see what they are using, ask questions on Reddit and in other forums, understand who people know in the market.

Then go to G2 and capterra and every other place that people talk about those products, scrape all the reviews with pros and cons – on some websites the reviewers even have linkedin links – go to their profiles learn about the companies they work for, the roles they have etc.

There is so much data out there, work smart from the start.

This is literally a post in it’s own or a chapter of a book. (if you’re reading this and you want me to break this down I can in another form).

Correlate what your competitors do well, what they lack, and everything else in between.

If you look up CRM you’ll see more than 250 listed probably more than 300 now, not including all the new ones like airtable and others that have popped up recently that aren’t direct traditional CRMs but just as useful.

That’s a lot of space junk to get through.

But there’s an easy way to get through it.

NICHE YOUR SHIT DOWN

The biggest problem that most companies have is being able to properly niche down to the most ideal customer profile first, then work to expand the market after the fact.

Remember that perceived value comment from way above.

So how do you find yourself in the best possible chance of creating something that you can do well with?

Build something that people are paying for, generates revenue for the business, and includes a data play as icing on the cake that improves processes and decision making.

This will never work in broad terms, you need to be specific.

One of the most common missteps people have is saying, their product is for everyone or every business. This is a red flag, don’t do this. Focus on doing one thing better than everyone else, look for data that supports a 10x uptick. This is basically required if you want someone to give your product a try as moving things over from an existing system are annoying.

Your product needs to be very narrow, when you think you’ve gone narrow, you need to go more narrow.

Example:

We’re a helpdesk product.

v.

We’re a helpdesk product for eCommerce companies.

v.

We’re a helpdesk product for eCommerce companies using Shopify.

v.

We’re a helpdesk product for eCommerce companies using Shopify and Shipstation.

v.

We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus.

v.

We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus and do less than $ 10 million in annual revenue.

v.

We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus and do less than $ 10 million in annual revenue with support teams less than 5 people.

v.

We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus and do less than $ 10 million in annual revenue with support teams less than 5 people who are looking to automate their processes.

v.

We’re a helpdesk product for eCommerce companies using Shopify and Shipstation that have less than 100 skus and do less than $ 10 million in annual revenue with support teams less than 5 people who are looking to automate their processes who are currently using Zendesk.

Just keep going deeper.

There are perks to going deeper –

The deeper you go usually the less competition you have – the more specific and tailored the easier the sales pitch is because you spend time creating things to help with workflows that relate to how they are working. When you know these workflows it's easier to have meaningful conversations.

I’ve harped on the idea of process the entire time. And I’m going to continue to do it. Build things to simplify processes and watch people sign up and pay you to solve their problems.

The ideal solution is turnkey that works with all the workflows people have or simplifies them with the amount of tools out there find the ones that you want to be part of the process with and integrate deeply.

Earmarked Budget

Is the budget expanding, will it be expanded if you can tie results back to your product?

This is actually really important because it comes to the ability to grow an account once you are in the account. Some businesses are better than others.

If you’re a support desk product like above, and you reduce the amount of work people need to do, you’re reducing seats, if you can’t add features and other elements to increase the revenue per account or the size of the support team you’ve actually tapped out. This is the argument behind being a revenue generation company rather than a cost center. When it comes to a cost center it’s a race to the bottom and kills expansion, it forces you to always be acquiring new customers to increase revenue.

This should be plenty to digest as you're thinking of ideas to pursue.

Let me know your thoughts in the comments, hope this helps people out.

I've got to stop here, we hit question 1 of 5 and we've barely scratched the surface.

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Startups – Rapid Growth and Innovation is in Our Very Nature!