Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    unusual trading activity
    Signal Or Noise? A Decision Tree For Evaluating Unusual Trading Activity
    3 Min Read
    software developer using ai
    How Data Analytics Helps Developers Deliver Better Tech Services
    8 Min Read
    ai for stock trading
    Can Data Analytics Help Investors Outperform Warren Buffett
    9 Min Read
    media monitoring
    Signals In The Noise: Using Media Monitoring To Manage Negative Publicity
    5 Min Read
    data analytics
    How Data Analytics Can Help You Construct A Financial Weather Map
    4 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Understanding your market
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Uncategorized > Understanding your market
Uncategorized

Understanding your market

ChrisDixon
ChrisDixon
4 Min Read
SHARE

Some startups become huge sensations without requiring any active marketing – YouTube, Skype, and Twitter come to mind. However, the vast majority of successful startups gained adoption through marketing: PR, SEO, partnerships, paid marketing, and so on. My strong suggestion would be to hope for the former but plan for the latter.

Marketing is a huge topic. Here I just want to make the point that, for starters, you need to figure out two things:  1) how information and influence flows in your market, and 2) when and where people use and/or purchase your product.

I’ll use my last startup, SiteAdvisor, as an example. SiteAdvisor (now called McAfee SiteAdvisor) is a consumer security product. Most consumers don’t learn about security products on their own. Instead, they rely on their “family/friend sysadmin” (smartest computer person they know). These family sysadmins read technical websites and magazines. In order to reach this audience, we performed studies on data we had collected, which led to lots of coverage, which raised our profile and bolstered our credibility.

Now to when and where people buy security products. Most people only think about security when 1) they buy …

More Read

ResponseTek Makes Customer Experience Management Simple and Sophisticated
More Than Pretty Pictures: Visualizing Insight
How to Clean Survey Data
The Thin Edge of the Wedge for Virtual Reality
Google Already Knows What You’re Thinking



Some startups become huge sensations without requiring any active marketing – YouTube, Skype, and Twitter come to mind. However, the vast majority of successful startups gained adoption through marketing: PR, SEO, partnerships, paid marketing, and so on. My strong suggestion would be to hope for the former but plan for the latter.

Marketing is a huge topic. Here I just want to make the point that, for starters, you need to figure out two things:  1) how information and influence flows in your market, and 2) when and where people use and/or purchase your product.

I’ll use my last startup, SiteAdvisor, as an example. SiteAdvisor (now called McAfee SiteAdvisor) is a consumer security product. Most consumers don’t learn about security products on their own. Instead, they rely on their “family/friend sysadmin” (smartest computer person they know). These family sysadmins read technical websites and magazines. In order to reach this audience, we performed studies on data we had collected, which led to lots of coverage, which raised our profile and bolstered our credibility.

Now to when and where people buy security products. Most people only think about security when 1) they buy a new computer, 2) they first get internet access, or 3) they get a virus or other security problem. The last case is actually pretty rare, so most companies focus on 1 and 2. How do you reach people at those moments? Through “channels” – in particular PC makers (”OEMs”) and internet providers (”ISPs”). (For public market people: focusing on these two channels was McAfee’s big insight in the 2000’s and how they made a comeback versus Symantec who dominates retail).

Most people don’t talk to their friends about security products, so it’s very hard to do mass word-of-mouth marketing. (Exceptions would be the beginning of the spyware epidemic around 2001-2 when AdAware got super popular via word of mouth). So you have to understand and pitch to these channels.

These observations are specific to consumer security, but every startup should have a similar theory of how to market their product.

Link to original post

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

business recovering from data loss
How Data-Driven Businesses Protect MySQL Databases from Shutdown
Big Data Exclusive
ai driven task management
Reducing “Work About Work” with AI Task Managers
Artificial Intelligence Exclusive
data center uptime
Why Rodent-Resistant Conduits Are Critical for Data Center Uptime
Big Data Data Management Exclusive Risk Management
big data and AI
The Intersection of Big Data and AI in Project Management
Artificial Intelligence Big Data Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

Making the case for SOA in a tough economy: remember, services are the business

1 Min Read

Virtually There

2 Min Read

A Step Towards Protecting Net Neutrality

5 Min Read

Smarter Railroads Embedded intelligence, analytics and…

1 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data
ai in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?