Dave McClure, the founder of 500 Startups, created a 6-step framework to help hundreds of startups to go from idea to successful business.
Here's the 6-step framework for startupsđź§µ
1. Awareness
Generating brand awareness is the act of winning someone's attention.
Whether content marketing, paid marketing, or influencer marketing, attention is the deciding factor in having a potential customer or someone ignoring you.
Once you have it -- don't waste it.
2. Acquisition
What channel do your customers spend the most time on?
NOT, which channel is everyone using.
Specifically, your target audience.
Using the right platform can drastically reduce your CAC.
You’ve picked the right platform, now what?
Use some form of a lead magnet to get them into your funnel or growth loop.
A lead magnet is some form of value that you provide in exchange for customer info.
Make the process as frictionless as possible and they’ll start moving down your funnel.
3. Activation
Just because they signed up doesn’t mean the process is over.
Customers want to be delighted.
From the first customer touch point and ongoing.
If not, the chances of getting the consumer to act drops significantly.
Don’t want to f*ck this up?