Traction. Ah, just the sound of the word alone makes my spine tingle. Traction, it seems, can forgive all sins. With enough of it, investors will commit even if you haven’t figured out your team or how you will make money. So why is it that so many founders sit on their hands and just hope that their product takes off?
Ignorance. Most founders don’t know how to get traction for their startups and so they blindly double down on building a great product. They don’t know what investors mean when asked for a “Go-to-Market” plan so they skip that slide.
“Almost every failed startup has a product. What failed startups don’t have are enough customers.”
Ignorance for how to build traction is not an excuse, and Justin and Gabriel have created a definitive guide to stepping you through the 19 channels that every entrepreneur has access to today.
I don’t care if you are a food cart or the next Instagram, you will learn valuable techniques for building your business if you buy this book.
After reading this book and implementing their “Bullseye Framework”, you will absolutely be able to create a killer Go-to-Market slide for any investor. The Bullseye Framework solves the fundamental problem that:
“Some traction channels will move the needle early on, but will fail to work later […] What moves the needle changes dramatically.”
This framework will guide you to quickly figure out which 1 of the 19 channels you should focus on first. It will also help you shift gears when that one no longer serves you any more. The worst thing you can do with traction is forget to shift into 5th gear while merging onto the freeway.
It is about time that someone create this definitive guide. One of my favorite parts of it is that whether they are talking about radio ads and billboards or search engine marketing and Facebook ads, they give you ballpark estimates for what everything costs. If you have never put up a billboard before (P.S. I have) you might not know that you can space on one for about $8,000. Gabriel Weinberg doubled DuckDuckGo’s (the search engine) traffic with a well placed billboard.
My second favorite thing about this book is that there is a fantastic example of a real pitch email for press used to get coverage from TechCrunch. When I was starting AppFog, the whole idea of pitching press seemed completely foreign to me and seeing an example like this would have helped me immensely with my public relations strategy.
My only criticism of the book is that they defer heavily to lean methodologies for you to determine the content of the message you are trying to convey within these distribution channels (whether it be blogs or social media, etc). I understand that they won’t be able to put as much detail into content direction as the Lean Startup does, but I would have liked them to spend a little more time explaining how to put out the best quality content on these channels in order to get the best ROI for your traction efforts. They cover A/B testing, but spending more time on how to use empathy to write highly effective copy would have been ideal.
Overall, do yourself a favor and just buy this book. It’s great. It’s is a must-read for startup and small business owners alike. Even if you have a knack for marketing, reading this book will help you think in a more well rounded way and create more structure to your go-to-market plan.