In this episode of The Funding Blueprint, Brennan Tobin, founder of Oddduck Marketing Group, shares invaluable insights into acquiring the first 100 customers for a startup. Drawing from his experience in building multiple brands, he emphasizes the importance of validating demand before product development, advocating for the use of basic product mock-ups and targeted advertising to gauge market interest. Tobin stresses that early growth often requires a different approach than scaling, with systems and strategies needing adaptation as a startup evolves. He highlights that what works initially might not be scalable, and founders should be ready to scrap or rebuild systems that don't align with the scaling phase. Recognizing when to shift from hustle mode to scale mode is crucial, and Tobin advises founders to assess their understanding of the market and their personal goals to determine the right timing for this transition.
Tobin also discusses the need for strategic pivots and how to execute them without alienating early supporters. He suggests that while pivoting can be daunting, founders should experiment gradually, maintaining existing offerings while testing new directions. This cautious approach allows founders to make informed decisions without alarming stakeholders. On the marketing front, Tobin provides guidance for early-stage founders, recommending that startups prioritize channels based on their business model—Google and LinkedIn for B2B, and platforms like Facebook, Instagram, and TikTok for D2C. He warns against the trap of hiring a marketing agency or in-house marketer prematurely, advising founders to first ensure a solid product-market fit and adequate budget for advertising. By understanding their unique marketing needs and the dynamics of emerging platforms like TikTok Shop, founders can effectively navigate the complexities of startup marketing and growth.
In this episode you’ll learn more about: startup scaling, innovative marketing, growth hacks, brennan tobin, oddbuck marketing group, validate demand, product development, direct-to-consumer, B2B SaaS, prioritize distribution, market interest, social commerce, tiktok shop, business pivots, b2b marketing, d2c marketing, product-market fit, ad spend, google ads, linkedin, facebook ads, instagram ads, customer acquisition, early clients, distribution strategies, seamless growth, emerging platforms, competitive market, growth potential, industry giants, startup challenges, mockups, market success, startup growth, marketing strategies, channel priorities, business shifts, capture attention, marketing experimentation, startup evolution, consumer brands, startup blueprint
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Music track: "Cinematic Funk"
Source: https://www.lokhmatovmusic.com/
Free Background Music by Yevhen Lokhmatov
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