One of the key aspects of product-led marketing is the ability to attract potential users to your product without spending a significant amount on customer acquisition. This requires a low customer acquisition cost (CAC) and a high number of unique visitors who are genuinely interested in your product. To achieve this, product-led marketing utilizes two primary strategies: organic search/SEO and product virality.
Hatched by Glasp
Sep 22, 2023
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One of the key aspects of product-led marketing is the ability to attract potential users to your product without spending a significant amount on customer acquisition. This requires a low customer acquisition cost (CAC) and a high number of unique visitors who are genuinely interested in your product. To achieve this, product-led marketing utilizes two primary strategies: organic search/SEO and product virality.
Organic search and SEO play a crucial role in driving new users to PLG products. Companies like Airtable, Miro, Snyk, Webflow, and Zapier have successfully leveraged organic search and SEO to attract a significant percentage of their new users. These products treat search-oriented content as an extension of their product experience, offering real value to users. For example, Snyk regularly updates its tool with new vulnerabilities, which not only gives users a reason to come back but also encourages them to try Snyk's core product, which automatically fixes vulnerabilities in their code.
Templates are another effective strategy for attracting and activating new users. Companies like Miro and Notion have implemented template libraries where users can access pre-made templates created by the company or other users. Templates not only help users get started quickly but also foster a sense of community and collaboration. This community aspect can even extend to allowing users to monetize the templates they've created, as Notion does.
In addition to organic search and SEO, product virality plays a significant role in driving growth for PLG companies. External virality, which involves multiplayer use and product exposure, is commonly associated with collaboration products like Zoom, Loom, or Typeform. Internal virality, on the other hand, applies to nearly every bottom-up PLG product as it gets adopted across an organization.
To measure the virality of your product, one proxy measurement is the share of direct traffic via Google Analytics. This refers to the percentage of people who come directly to your website without searching on Google or clicking on an ad. Understanding the level of virality your product currently has can help you identify areas for improvement and optimize your growth strategy.
Reducing friction is essential for enhancing product virality. Loom, for example, initially had friction in their product experience that slowed down its virality. By allowing new editors to be invited for free at any time, Figma significantly reduced this friction and improved its product's virality. B2B companies can also consider adding a watermark to their product, especially for free or self-service customers. This not only helps with branding but also provides a way for users to share their experience with others.
Another unique insight is the importance of creating a community around your product. Webflow, for instance, recognized that their audience of freelancers would benefit from a community where they can provide support to each other and showcase their work. By nurturing a community, PLG companies can widen their funnel and reach users earlier in their buying journey.
To sum up, product-led marketing requires a strategic approach to attract users while keeping customer acquisition costs low. Leveraging organic search/SEO and product virality are key strategies in achieving this goal. Additionally, reducing friction, creating a sense of community, and constantly iterating on your product's viral loop can help drive sustainable growth.
Three actionable pieces of advice for implementing product-led marketing are:
- Invest in search-oriented content and optimize your website for organic search. Focus on providing real value to users through informative and helpful content.
- Implement features or strategies that encourage product virality, both externally and internally. Identify opportunities to make it easier for users to invite others to try your product or share their experiences.
- Foster a community around your product to facilitate knowledge sharing, support, and user-generated content. Encourage users to collaborate and showcase their work, creating a sense of belonging and loyalty.
In conclusion, product-led marketing is a powerful growth strategy that requires careful planning and execution. By focusing on organic search/SEO, product virality, reducing friction, nurturing a community, and constantly iterating on your product's viral loop, you can achieve sustainable growth and drive user adoption.
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