Overcoming Common Issues in Startup Marketing
Sharing learnings from the #EBVCgang startups at Earlybird Venture Capital

Overcoming Common Issues in Startup Marketing

3 Takeaways on Hiring, Bottlenecks, and Agencies

Marketing tends to sit (virtually) between C-level and Sales. Since marketers position your product and services, their function is core to company success. Yet often that marketing function is underserved or misunderstood.?

However, if you can fix that, you can achieve stronger sales motions, product awareness, and more visible brands. So it’s worth investigating how to overcome some common hurdles.

To do so, we recently gathered marketing leaders from a few of Earlybird Venture Capital early-stage portfolio companies across fintech, e-commerce, SaaS, and more to exchange with each other and spar with a tech ecosystem guest and marketing pro.

Before the session, our VP People Jay Harris-Theis surveyed participants to narrow the focus. The lowest common denominators (LCD) I observed from this session: How to hire when scaling your marketing efforts, remove bottlenecks, and carefully manage agencies.?

Here are my 3 takeaways for you to apply:

??How can you hire well?

  1. Keep it lean. If your marketing team is small, consider relying on a steady flow of working students. Determine a great fit for who might be able to stay on and grow in the role. Upside: more hands on deck. Downside: re-training.?
  2. Where to look? Look within your wider company team to check for talent and potential on who can be trained in what you need. Upside: they know the company ethos and product. Downside: you might need to fill their former role. In some cases looking to high-performing B2C people can be a wise move. They understand customer needs.
  3. What about seniority? It might make sense to hire a more junior role, both from a cost and power-play perspective. You risk altering the team's energy via power struggles if hiring too many inflexible, senior-level people.

? How can you empower marketing teams & remove bottlenecks?

Since marketers play a central role in translating product value to the public, an important value-add is that marketing leads can support the sales funnel to identify and eliminate bottlenecks. For highly technical B2B products, where might the customer need more detailed product insights? What input do marketers need to better explain the product details??

  1. Consider your in-company experts as resources and interview them to collect statements and trends and turn them into blog posts, collateral for sales development representatives or SDRs, or other methods of thought leadership pieces.
  2. Consider interactive events like product round tables & equip sales teams with material and swag, even paid ads and landing pages.
  3. Try online webinars to relay product or service product info via (prepared) Q&A’s.

?? How can you best make agency decisions?

If marketers bring on an agency to scale, check for proper fit (strategic vs operational), and use KPIs to manage expectations. To get the right agency engaged, here’s what to look for:

  1. Check references: Ensure trust and reliability: note how you get in touch with them.
  2. Communication Mode: Check for good tools/channels that suit your needs. An agency should anticipate your needs and work alongside you in a supportive, integrated way.
  3. Consistency of work: Is there high turnover there? Are you working with enough senior-level staff as you expected? Ask what an annual fee an average customer pays.

?? To wrap up, here are two useful links provided: Marketing Training & defining Product Marketing.

Thanks to our startups for sharing and you for reading! I am curious to hear from marketing experts on what’s working well for them. Leave me a comment, please.

Reach out to me via LinkedIn, X, and read more on my Medium.

#marketing #startups #insights #Europe #VC




Behrad Mirafshar

Partnering with forward-looking C-suite leaders in commoditized industries to open up eight?figure revenue streams by harnessing AI and user-centric innovation | Owner @Bonanza Studios | Host of UX for AI Podcast

1 年

Marketing might be useless if the executives want immediate sales. But if you value growing community/network, then marketing is everything. Thriving businesses is surronded by a growing community.

Richard Hale

? 26 years' experience & expertise, helping businesses remove the stress & expense of localisation, by providing accurate specialist translation services on time, every time. Over 2600 clients helped so far! ??????????

1 年

Good advice Elisheva ??

Thanks to everyone for the input and feedback here and I want to add a ?? to fellow-Berliner Esther Perbandt for my t-shirt inspiration: "Everything you want is on the other side of fear." (You can read about her business in my recent post from this past weekend. ??)

David Rajakovich

CEO Acuity Risk Management | Strategic Technology Leader | Cross-Functional Expertise | Scaling High-Growth Businesses

1 年

This is extremely useful, Elisheva Marcus.

Wojciech Drewczyński

Operating Partner at Balnord | Poland & Baltics | Deep Tech & Data-driven Software

1 年

Hiring marketing people for a startup is not a simple matter. A lot depends on whether the candidate knows the industry in which the startup operates. If not, it can be quite difficult to arouse a passion for what the company does. Without this and an understanding of the startup's uniqueness, it is difficult to conduct effective marketing activities.

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