Where Tech Startups Come Up Short
.From the Journal of the Heartland Angels
By John Ortbal
Far too many start-ups in the technology sector launch a great product with distinct advantages over competitors but fail to gain a solid footing in their marketplace. One of the major reasons is lack of adequate investment in what I call a solid marketing infrastructure.
Establishing a solid marketing infrastructure gives the startup technology firm (software or hardware) the foundation from which to grow and expand. Without that foundation, it’s easy to become distracted in a scramble to ramp up sales—dispersing your resources and energy.
What does it take to build a solid marketing foundation? Here are some basic suggestions:
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Positioning
First and foremost is positioning. A start-up or early growth technology company has to stake a claim, define its positioning, and express it in an elevator pitch—the two or three sentence description that captures the who, what, where and most of all why your new company exists. What most start-ups don’t realize is that when you position yourself, you’ve repositioned everyone else, i.e. your competition. So there has to be a strong element of conflict in your positioning and maybe even a bit of controversy. Playing it safe just doesn’t cut it.
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Content
Content is king today as evidenced by the flood of buzz around “content marketing.” For technology start-ups and early growth companies, developing, organizing and sharing content is critical to grabbing and keeping anyone’s attention for long. There’s a reason that Google has recently urged companies to rely less on link building and more on building quality content.
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Design
How many people know that the now-famous TED conference was founded by a designer? In fact, how many people know that TED stands for Technology, Education and Design? I doubt there is a component of marketing infrastructure that’s less understood or undervalued. Without the creative genius of design, your content lacks drama and impact.
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Web Presence
While anyone can put up a web site these days, that’s the problem for many startups. Their web sites look arbitrary and boring. They lack the content and design that define any brand personality, which could set them apart from their competition. In other words, their web presence fails to fulfill the promise of their positioning. That’s a huge and costly disconnect for many start-ups.
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Public Relations
I lump the analyst and professional social media community under public relations. You must communicate your positioning. Flesh it out through a coordinated public relations effort that leverages ALL types of media. That means your positioning has to wear a lot of different outfits depending on which audience you’re trying to attract. Find a spokesperson who can play off your core value proposition with variety and variation using by-lined articles, blog posts, tweets and video interviews.
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Customer Community
This is obviously the toughest nut for startups to crack. If you had customers, you wouldn’t be a startup. Your initial customers are really your partners and should be treated as such. Promote them as much as your product and you’ll plant the seeds of a growing customer community that will yield results for years to come.
This article is adapted from the Journal of the Heartland Angels
Download NEWS FROM HEARTLAND (1.2 MB PDF)
Contacts
John Ortbal is President of Services Marketing Group http://servicesmarketinggroup.com/
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NEWS FROM HEARTLAND, The Journal of the Heartland Angels, is a quarterly newsletter published as an information service to its members. Articles may be reproduced with attribution for educational purposes. Copyright © 2013 Heartland Angels – John Jonelis, Editor – John@HeartlandAngels.com
CAVEAT EMPTOR – This article is for educational purposes and is not investment advice. All investment involves substantial risk. Please do your due own diligence. Contact Ron Kirschner – Ron@HeartlandAngels.com
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Chicago Venture Magazine is a publication of Nathaniel Press www.ChicagoVentureMagazine.com Comments and re-posts in full or in part are welcomed and encouraged if accompanied by attribution and a web link . This is not investment advice. We do not guarantee accuracy. It’s not our fault if you lose money.
.Copyright © 2013 John Jonelis – All Rights Reserved
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