The Power of Sharing in Public and Building a Strong Customer Base
Hatched by Glasp
Jul 10, 2023
4 min read
10 views
The Power of Sharing in Public and Building a Strong Customer Base
Introduction:
In today's highly competitive business world, finding customers and growing a successful business can be a daunting task. However, there are innovative strategies that can help entrepreneurs attract customers without relying on paid advertisements or growth hacks. This article explores the concept of "sharing in public" and how it can lead to acquiring the first customers for a startup. Additionally, we will discuss the importance of building a strong customer base and the role of fan influencers in the consumer evaluation process.
Building HelpKit: A Case Study
The article begins with the story of HelpKit, a successful product that helps turn Notion pages into a professional knowledge base. The founder of HelpKit realized the need for a help desk tool while building a new product. Instead of searching for an existing solution, the founder decided to build HelpKit, which allowed writing help articles in Notion and sharing them externally on a customizable website. The product gained traction by genuinely sharing the founder's story of building a company, without relying on paid advertisements or growth hacks.
Testing the Idea and Sharing the Process
The founder of HelpKit learned from past failed projects that not every idea is worth pursuing. To test the viability of HelpKit, the founder created mockups and built a landing page with the option to preorder one year of access. The goal was to gauge customer interest and secure at least 10 pre-orders. During this phase, the founder embarked on a "build-in-public" journey, sharing the process of building the MVP and being transparent with the statistics around HelpKit. This approach not only attracted potential customers but also built trust and credibility among the audience.
Engineering as Marketing
One of the strategies employed by the founder was "Engineering as Marketing." By creating free and useful tools for the target audience, the founder gained attention and appreciation within the Notion community. One example was solving the problem of creating simple tables in Notion, which garnered significant interest and engagement. This approach showcased the founder's expertise, while also addressing a common pain point within the community.
Choosing the Right Product Niche
The article emphasizes the importance of choosing a product idea in a niche that is growing. Instead of trying to build a product in a highly competitive and saturated market, it is advisable to ride the organic growth of a niche. This approach can significantly contribute to the success of a startup. The author recommends the book "Start Small, Stay Small" by Rob Walling, which provides valuable insights for founders starting out in the business world.
Acquiring Customers: The Importance of Targeting
The article highlights the significance of targeting customers who intensely have the problem that the product aims to solve. Engaging with potential customers and understanding their pain points can lead to better customer acquisition. It is essential to make the initial customer acquisition process as seamless as possible, avoiding unnecessary obstacles that could deter potential customers.
The Power of Fan Influencers
In the second part of the article, the focus shifts to the importance of fan influencers in the consumer evaluation process. Customers tend to evaluate a product or service multiple times before making a purchase decision. The article cites the example of Concept and Performance, two factors that drive the evaluation process. Concept refers to the ability to instill a desire to purchase, while Performance refers to the ability to generate repeat purchases. The author emphasizes that the customer's brand experience is continuous and evolves over time.
The Role of TMOT and ZMOT
The article introduces the concept of TMOT (Total Moments of Truth) and ZMOT (Zero Moment of Truth) in the consumer evaluation process. TMOT refers to the ongoing brand experience that is constantly updated with each interaction. Customers, or fans, contribute to this experience by sharing their organic user-generated content, which then accumulates in ZMOT. The article distinguishes between two types of ZMOT: stimulus-driven ZMOT, which involves frequent exposure, and review-driven ZMOT, which is based on accumulated reviews.
Conclusion:
In conclusion, the power of sharing in public and building a strong customer base cannot be underestimated. By genuinely sharing the process of building a company, entrepreneurs can attract their first customers without relying on paid advertisements. Additionally, targeting customers who intensely have the problem the product aims to solve and leveraging fan influencers in the consumer evaluation process can contribute to long-term success. Here are three actionable pieces of advice to consider:
- Embrace the "build-in-public" approach and share your journey transparently.
- Focus on solving specific pain points within a growing niche.
- Cultivate fan influencers who can contribute to the ongoing brand experience and the accumulation of positive reviews.
Remember, building a successful business requires dedication, strategic thinking, and a willingness to adapt to changing market dynamics.
Sources
Hatch New Ideas with Glasp AI 🐣
Glasp AI allows you to hatch new ideas based on your curated content. Let's curate and create with Glasp AI :)
Start Hatching 🐣