Reach > Product
When it comes to growing a SaaS startup, is Reach > Product. How lack of marketing can kill a great product.
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Reading Time: 5 min
Source: DALLE, told to extract key phrases from this article, create a prompt and using the style illustrative, colorful, futuristic create an image.
Let me tell you a story in 3 acts.
Act One - Launch an Idea
A new startup founder has an idea and immediately jumps into code, builds a product, and launches it.
They have no sales.
Act Two - Think you’re marketing, but you’re not
So they hop on Twitter and land a few sales.
They hit $100 MRR, then $500, and it stalls there.
(Unless they launch a tool for startups, and their community on Twitter is for startups, an all too common theme. Then they stall at $1k MRR).
Act Three - They Fail
And for many that’s where the story ends.
Stalled growth. The end.
…
But it doesn’t have to be this way.
Just learn to market!
From day one!
You have let the world know your product exists.
And if you want your sales to scale, your marketing will need to as well.
This tweet by Mike says it so well.
The single most important lesson I've learned in SaaS
Volume is the key to growth
Before cold email was viral - We would scrape and email 40,000 leads PER WEEK
It took us from 0 -> 6,000 users in less than 9 months
Your low MRR is a volume problem not a product problem
And here’s a great example from Tim Bennetto on Pally’s growth. (bold mine)
Pallyy's MRR:
- 6 months: $900
- 12 months: 1.4k
- 18 months: 1.4k
- 24 months: 3k
- 30 months: 17k
- 36 months: 29k
- 42 months: 51k
- 47 months: 61k
This is what happens when you focus on 1 project.
What led to the sudden growth in MRR from months 24 to 30?
Marketing.
That was Tim’s response.
That, my friends, is why I say on Day 1, start figuring out Marketing. What channels will you use to reach our ideal customer?
Your reach, distribution, etc. Your ability to get in front of your ideal customer. It matters.
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