27 Days and 100 Publishers - 5 Startup Tips and Lessons
Today we passed the 100 publisher mark for sign ups for Junta42 Match, our free web service for marketers that matches businesses with the best possible content and custom publishing providers for projects such as custom magazines, newsletters, web content and other custom publishing initiatives. We are pretty excited about hitting this mark so early, especially with 27 days still left until we launch formally to businesses (Junta42 Match is only open for publishers to sign up at this time - launch date is June 24th).
It's a weird feeling now that we are getting close to our formal launch date. Everything that we've accomplished over the past 12 months has been geared toward this launch, now less than a month away.
Although we are very confident that we have created a valuable service for marketers, we won't know for months truly how effective or valuable it will be. That said, here are few thoughts, lessons and tips that any longstanding business or startup may find valuable. I know I have.
- Don't forget about "traditional" PR. I'm a huge believer in social media marketing. The blog has been a tremendous resource for new business opportunities, as well as commenting on blogs and being active in social networking sites such as LinkedIn and Facebook, but there is still a place for traditional PR. As much as there is great value in social media, and that it most likely is the most significant form for marketing in the future, many businesses still thrive on engaging in traditional media. That means that getting articles "placed" in traditional media outlets, speaking at key industry events, and forming relationships with certain individuals in the media is a very important part of launching or maintaining a business. Key takeaway - at this point in marketing evolution, there must be a place for both traditional and social media marketing. The marriage of the two can be truly powerful.
- Beta is extremely powerful. Use it. Just the idea of a site or product being in "beta" is that it is a work in progress. It naturally means that the business is actively looking for feedback about the product or service, and that any feedback will be used to make the product better. All products and services should be set up this way, but by proclaiming "beta" customers seem more willing to give you feedback, and want to help shape the product's or service's success. If I had my choice, I'd never come out of beta. This is where Google does it right, with seemingly tens of products continuously in beta. Key Takeaway - If beta means you never stop working on your product or service, you are always in beta.
- Make love, not war. In the new global economy, I'm finding more and more that competition is a hazy concept at best. Even companies who have directly competitive products can find a way to partner on products, services or industry initiatives. We never look at any company as a competitor, but as an opportunity to expand our reach in a new way. Key Takeaway - Partnerships are the new currency. Any company can be a competitor or a partner...survival is more likely if you have a partnership mindset.
- It's not the idea, it's the execution. There are great ideas all the time, coming from people much smarter than you or me. The key to success is that you are willing to risk everything to make your product or service successful. As Ram Charam & Larry Bossidy note in their book Execution: The Discipline of Getting Things Done, "most often today the difference between a company and its competitor is the ability to execute." Key Takeaway - Never stop doing. There is way to much talking and thinking going on. Success depends on those that actually stop talking and start doing.
- Never turn down help...ever. The great thing about startups is that there are so many people out there that want to help you. I must have heard over a hundred times from people that they'd love to start their own business, but can't for any number of reasons. Those people want to see you win and succeed. If they can't do it themselves, let them feel a little bit of what it takes to launch a company by being part of it. Key Takeaway - Most everyone "wants" to start a company, but not everyone can. Those people could be your greatest assets of all.
One thing is for sure...even if the business goes up in flames, I haven't regretted one minute of the ride. From sheer joy to the feeling of utter failure, there are not many things in life that conjure up such emotions. I love it.
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