Startups need traction. Startup themselves are defined by their rate of growth. Speed is of the essence. It’s all the more surprising then to often find Founders or founding teams reluctant to sell. By this I mean, sell hard to their customers.
That might be selling a product, that might be simply getting someone to sign up; either way ultimately you’re trying to persuade someone to enter your engagement funnel, whether you charge them at the end of it for a product/service or not.
Startups get frustrated that they don’t get the growth they want. Yet it’s being bold enough to relentlessly push your product or service which will result in “sales” (and remember that sale could just be a sign up).
It’s surprising then when I am often able to sit down to mentor a startup or work with one of my portfolio companies and find that there’s a big list of things which haven’t even been tried – and these are often not onerous or expensive in development terms.
Give me an example?
This isn’t the blog post to provide an exhaustive list of what you can do to engage users en general, but I do want to give one example of what I mean by being relentless and hustling to get people in to your funnel, in this case specifically using a blog post as an example (the same by the way, applies to email newsletters).
I often see startup founders investing in time to write a blog post; but traffic on their blog is often low and the ROI of the time invested unmeasured. Worst still, there are seldom enough (sometimes no!) call to actions. So, what’s good practise? Well you can Google that to find exhaustive articles, but in short make sure:
- the blog provides value to the reader
- the blog is appropriate (and the value aligned) to the target audience of your product or service
- that the blog is not a one-off and that you have in place a system to regularly* deliver that value as part of an ongoing persuasion campaign to on-the-fence potential customers
- but most importantly that you provide comprehensive call to actions
* unlike this blog which has been woefully and sporadically updated!
Just take a look at this example from CBInsights, the tech industry data platform:
- items marked in pink are opportunities for readers to share
- more importantly items in red are calls to action to funnel people into a sales process.
Why does this happen? Often because startups are under focused and under resourced. If you have minimal resources you can only do a few things well. Refocus ruthlessly, not doing ANYTHING which doesn’t move the needle on your sales or growth; then you’ll start having the time to pay attention to the detail of your sales or user engagement funnel, test, measure, interpret and iterate – and your sales/signups will go up. Simple as that.
So, still wondering why your sales (or user signup) pipeline is not working? Take a leaf out of CBInsights book and get selling, relentlessly.