"Get to product-market fit," they say. "You'll be fine from there," they promise. In reality, product-market fit is 1) just the beginning, 2) ever-evolving, and 3) nothing without an ecosystem around it. Even the best products don't sell themselves (much like this bike is pretty useless without its rider). In this article, my friend and colleague Michelle Waite argues that there is "a common misconception: that marketing is merely a collection of tactics aimed at generating leads and boosting sales." She emphasizes that "this narrow view overlooks the true essence of marketing, especially in the context of startups. Marketing, at its core, is a critical business function that goes beyond tactics like lead generation and social media campaigns. It’s about deeply understanding the market, identifying the problems that the company’s product or service aims to solve, and facilitating the crafting of a point of view that sets the startup apart and as the leader in its category." Yet even if we know that, we often fail at it as startup founders. Why? Michelle does an excellent job of illustrating the tension between the ways startups bootstrap and the experience needed to get a product off the ground... in a nutshell, experience is much more likely to get the flywheel going but we often hire inexperienced teams because that's what the budget allows for. Read on for her wise suggestions about how to approach marketing more strategically and to set your startup up for the best chance of success. https://lnkd.in/esPxzHd2 #experiencehack #startupecosystem #marketing #startupmarketing #fractionalcmo Michael Sattler Bruce Ericson Rachel Taylor Susan Beans Jen L. Cohen
You captured the essence. Thanks Amy! I want that yellow bike BTW! 😂
CIO @ Games Global | Former CIO @ Toyota Research Institute | Former Fractional CTO | Speaker specializing in Leveraging Future Tech (AI, Cloud, DX) and Women Thriving in Tech
7moI love this article, Amy Bonsall, and have lived that website conversation many times. Michelle Waite's article sheds light on the strategy needed for the company (and far beyond the website) to be successful. Thank you for sharing!