The Power of Going Above and Beyond for Customers: Lessons from Startups
Hatched by Glasp
Jul 28, 2023
4 min read
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The Power of Going Above and Beyond for Customers: Lessons from Startups
In the fast-paced world of technology and startups, there are often moments that leave us in awe of human innovation. One such example is the availability of wifi on airplanes. It is truly mind-blowing to think that we can stay connected to the internet while flying at incredible speeds, thousands of feet in the air. However, as amazing as this technological feat may be, it can also be incredibly frustrating at times. Despite the advancements, there are still limitations and connectivity issues that can dampen the experience.
This concept of the simultaneous awe and frustration can be applied to many aspects of life and business. Take startups, for instance. They hold the potential to revolutionize industries and disrupt the status quo. However, they often face numerous challenges and obstacles along the way. One of the key challenges for startups is acquiring users and customers. This is where the founders play a crucial role in making their startups take off.
Founders of startups often have to do things that are not scalable in the beginning. They have to manually recruit users and customers because waiting for them to come on their own is not an option. The Collison brothers, for example, took matters into their own hands when starting Stripe. They would personally set up potential users on their platform, showing them the value and convenience of their product. This hands-on approach is not unique to Stripe; it is a common tactic employed by many successful startups.
So, why do founders resist going out and recruiting users individually? There are a few reasons for this. Firstly, founders may feel shy or lazy about reaching out to potential users. Secondly, they may underestimate the power of compound growth and think that the initial numbers are too small to make a difference. However, the reality is that every startup starts off fragile, and it is the founders' actions that determine its growth potential.
To measure progress, startups are encouraged to focus on their weekly growth rate. This allows them to track their trajectory and make adjustments based on the feedback and response from early users. The initial set of users can provide valuable insights into the target market and help identify enthusiastic customers. By understanding what delights these customers, founders can then brainstorm new ways to provide an exceptional user experience.
Another reason founders may hesitate to prioritize individual customers is the concern that it won't scale. This is particularly true for engineers turned founders who may not have customer service training. However, as the startup progresses and scales, founders often realize that delighting customers is not only scalable but also essential for long-term success. Delighting customers becomes ingrained in the company culture and contributes to its growth.
Sometimes, startups find success by focusing on a narrow market initially. This strategy, known as the "contained fire" strategy, involves building a product for a specific group of early adopters. These early adopters, often other startups, provide valuable feedback and serve as a launchpad for expanding into a broader market. By catering to the specific needs and preferences of a niche market, startups can create a strong foundation for growth.
In the world of startups, launches are not as impactful as one might think. It's not about the initial splash; it's about the consistent effort and dedication put into the startup. Extraordinary launches may grab attention, but it is the continuous extraordinary effort that truly matters. Any strategy that relies solely on a big launch or a major partnership without considering the ongoing effort is flawed.
So, what can we learn from these insights? Here are three actionable pieces of advice for founders and entrepreneurs:
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Embrace manual user acquisition: Don't wait for users to come to you; actively seek them out. Personally engage with potential users, show them the value of your product or service, and be willing to put in the extra effort to get them on board.
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Prioritize customer delight: Delighting customers should be a top priority for startups. Focus on providing an exceptional user experience and find ways to go above and beyond their expectations. This will not only lead to customer satisfaction but also contribute to the long-term growth and success of your startup.
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Start small and niche: Consider targeting a narrow market initially. By catering to a specific group of early adopters, you can gain valuable insights and establish a strong foundation for growth. Once you have a solid foothold, you can expand into broader markets.
In conclusion, the world of startups is filled with awe-inspiring innovations and incredible challenges. Founders must be willing to do things that don't scale in the beginning, such as manually acquiring users and customers. By focusing on individual customers, founders can not only overcome the initial fragility of their startups but also pave the way for long-term growth. The key lies in embracing manual user acquisition, prioritizing customer delight, and starting small and niche. Remember, it's not just about the product; it's about the experience of being a user.
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