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Simona Covel - Marketing Your Startup: The Inc. Guide to Getting Customers, Gaining Traction, and Growing Your Business

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Simona Covel Marketing Your Startup: The Inc. Guide to Getting Customers, Gaining Traction, and Growing Your Business
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Marketing Your Startup: The Inc. Guide to Getting Customers, Gaining Traction, and Growing Your Business: summary, description and annotation

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Let Inc. catapult your company to success. To put a business on the map, nothing beats great marketing. No matter how original your idea or ambitious your dreams, the company will stall without a plan to spread the word, build momentum, and drive sales. But how many entrepreneurs excel at marketing? If you are like most, you are focused on building your product or service...and dont know how to execute a marketing strategy or measure the results. No one is better positioned than Inc. to help you get up to speed fast. For years, Inc. has covered the innovative marketing used by thousands of tiny startups that turned into household names. Now, Marketing Your Startup shares these compelling stories and spotlights strategies for igniting growth, including how: Dollar Shave Club mastered the inexpensive viral video- and rocketed to success * Casper combined content marketing, creative branding, and old-fashioned subway ads to convince consumers to buy mattresses a whole new way * SoulCycles obsessive fixation on their brand fueled their rise from spin studio to cult-like fitness sensation Through firsthand insights from founders and helpful how-to guidelines, youll learn to define your brand, market position, and customers, then unleash the right mix of tactics through the right channels: social media, email and direct mail, content marketing, SEO, media ads, events, guerilla marketing, influencers, cause marketing, and more. Whether youve got a robust budget or youre bootstrapping your way to the top, Marketing Your Startup gives you the tools to launch an empire.

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This publication is designed to provide accurate and authoritative information - photo 1

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is sold with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional person should be sought.

ISBN : 978-0-8144-3968-5 (eBook)

Library of Congress Cataloging-in-Publication Data

Names: Covel, Simona, author.

Title: Marketing your startup : the inc. guide to getting customers, gaining traction, and growing your business / Simona Covel.

Description: New York : AMACOM, [2018] | Includes index.

Identifiers: LCCN 2017060023 (print) | LCCN 2018004101 (ebook) | ISBN 9780814439685 (ebook) | ISBN 9780814439302 (pbk.)

Subjects: LCSH: New business enterprises--Marketing.

Classification: LCC HD62.5 (ebook) | LCC HD62.5 .C675 2018 (print) | DDC 658.8--dc23

LC record available at https://lccn.loc.gov/2017060023

2018 AMACOM/AMA

All rights reserved.

This publication may not be reproduced, stored in a retrieval system, or transmitted in whole or in part, in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of AMACOM, a division of American Management Association, 1601 Broadway, New York, NY 10019.

The scanning, uploading, or distribution of this book via the Internet or any other means without the express permission of the publisher is illegal and punishable by law. Please purchase only authorized electronic editions of this work and do not participate in or encourage piracy of copyrighted materials, electronically or otherwise. Your support of the authors rights is appreciated.

About AMA

American Management Association (www.amanet.org) is a world leader in talent development, advancing the skills of individuals to drive business success. Our mission is to support the goals of individuals and organizations through a complete range of products and services, including classroom and virtual seminars, webcasts, webinars, podcasts, conferences, corporate and government solutions, business books, and research. AMAs approach to improving performance combines experiential learninglearning through doingwith opportunities for ongoing professional growth at every step of ones career journey.

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Please note that footnotes in this ebook may contain hyperlinks to external websites as part of bibliographic citations. These hyperlinks have not been activated by the publisher, who cannot verify the accuracy of these links beyond the date of publication.

W HEN WE SET OUT to write a book that could serve as an easy-to-read, hands-on marketing resource for company founders, we found much of the best material was within our own walls.

For nearly forty years, Inc. has provided advice, education, and inspiration to the leaders of fast-growing private companies, chiefly through our unrivaled editorial content.

That materialproduced by veteran reporters, all-star editors, and expert columnists, among othersis much of what you see on the pages of this book. Our thanks to all of them; this book wouldnt be possible without their groundbreaking work.

From that reporting, weve compiled the following best-of guidea book thats both actionable and inspiring, designed to help company founders demystify the art and science of great marketing. Our hope is that this will become a one-stop, indispensable resource to help you spread the word and ignite growth at your company.

W HAT IF DOLLAR SHAVE Clubs founder hadnt made that famous YouTube video, the one where he deadpans about razors, polio, and his big-name competitionto the tune of 25 million views? What if Dropbox didnt think a referral program was worth ita program that at times, generated 35 percent of the companys signups?

If those companies founders hadnt decided to spread the word about their companieseach in their own waythey may have never become household names.

The same goes for your business. So you have a killer product. Now, how will people find out about it?

Many startups faileven if they offer a great product or groundbreaking servicebecause they fail to get the word out. They may think the product will sell itself. Or they may think marketing is somehow underhanded, or dirty.

If that describes you, it may help to reframe your idea of marketing. The best marketing isnt about pushing a message or coming up with a slogan. Marketing exists to help you find people who love your product: If you dont plan to invest in marketing, you probably shouldnt invest in building a product, either.

If youre in the early stages of your business, know that its never too early to start. If youre worried about somebody stealing your product idea, consider another worry, says Dharmesh Shah, co-founder of HubSpot and a small-business marketing expert. Worry about how youll get customers. And team members. And funding. All of these things are really hardespecially if you dont talk about your idea.

If youre a marketing skeptic, you may have a gut feeling that marketing is sleazy. Youre not alone. This book is designed to help you overcome thatto think about marketing in a new way. The best marketing is about building brand, reach, and credibility, and doing what you do best: helping customers.

We know a lot about that: For nearly forty years, Inc. has chronicled the victories of fast-growth small businessesand the bumps along the way. Over the years, weve talked to thousands of founders who grew their companies into household names about how they spread the word.

We learned something essential along the way: You wont win in the marketplace by shouting louder, placing bigger ads, or buying the fanciest booth at a trade show. Youll win by building a marketing strategy and applying the right mix of tactics for your businessno matter your budget.

Lets get started.

1
WHAT IS MARKETING ANYWAY?

M ARKETING IS SURPRISINGLY difficult to define. Part research, part design, part salesat its core, marketing is any activity that makes it easier to sell your product. Were talking generating leads, running TV ads, using customer relationship management software, or authoring a blog: It all falls under the marketing umbrella.

Youve probably heard people use the terms marketing, advertising, and branding interchangeably. But if you want marketing to help drive your sales, you first need to understand the differences.

MARKETING

Lets start with marketing because it is the umbrella under which all of these other practices live. It includes branding, messaging, online presence, content, social media, PR, advertising, research... you name it, it lives under the broader canopy of marketing.

BRANDING

Branding refers to the visual elements of a companybut it doesnt stop there. Branding refers to specific elements that range from the logo to the color theory and how the logo is used on different marketing collateral, which is just a fancy name for websites, business cards, and letterhead.

But your brand is broader than your logoits about how your company makes people feel. The feeling that you evoke is at the heart of your brand. That can translate into the music in your stores, the chairs you choose for your conference rooms, or what your executives wear.

If youre an engineer or a researcher, the idea of devoting a meaningful amount of mental energy to a logo or a music choice may seem slightly bananas. But the brand is one of the most important parts of developing and invigorating your company. Its all about what emotions you want someone to feel when they come into initial contactwhich is critically important for a startup, which hasnt made any kind of impression yet.

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