Struggling to figure out if you have product market fit? Start tracking “Thank-yous” as KPI 🙏🙏🙏 How do you measure it? Simple! Track how often your customers write in or post about your brand saying “Thank you” for existing. I’ve been lucky to work at some amazing startups, and the ones that really made a difference in the world started by making a difference one customer at a time. I remember at Quidsi Inc., a subsidiary of Amazon when someone wrote in saying “Thank you" because they couldn't get access to diapers and one of our coworkers biked diapers to their house. I remember at Bonobos when a customer wrote us saying, “Thank you” because his wedding suit was stolen from his parked car, and the Ninjas overnighted one to him at no cost. I remember at Comixology, an Amazon company (before the big changes...) when customers would DM and email us “Thank you” because they finally had a way to read their favorite comics even if they were stuck in bed, in the hospital, or because they didn’t have a comic book store within a 1 hour drive from them. And now that I'm building Nerd Crawler, I know that we're really on to something when our sellers tell us that we're helping them earn more and reach new customers and when our buyers tell us that they've been able to finally get a piece of art from their favorite artists. More often than not, the brand with the highest number of customers saying “Thank you” at the highest frequency are the ones who have found product market fit. But more importantly, the brands driving the highest number of authentic "Thank-yous" are solving real problems for real people and love doing it.
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Weekly Startup Market Intelligence 🚀 - Amazon's New Discount Storefront: #AmazonHaul, offering products under $20, is a strategic move to compete with discount retailers like SHEIN and Temu. This initiative is expected to reshape the e-commerce landscape by forcing competitors to rethink pricing strategies. - Ghost Robotics Acquisition: LIG Nex1's acquisition of a 60% stake in Ghost Robotics for $240 million could redefine the robotics industry, emphasizing the integration of defense technology and raising ethical questions about military applications. - Amperity's Leadership Shift: The appointment of Tony Alika Owens, a former Salesforce executive, as CEO of Amperity, signals a potential shift in the customer data management sector, with implications for strategic partnerships and market positioning. 📊 STARTUP ECOSYSTEM IMPACT 1. Market Evolution Amazon's aggressive pricing strategy with Amazon Haul could lead to a price war in the e-commerce sector, impacting both established players and new entrants. The acquisition of Ghost Robotics highlights the growing intersection of robotics and defense, potentially leading to increased scrutiny and ethical debates. Amperity's leadership change may drive innovation in customer data platforms, influencing competitive dynamics. 2. Validation Points Amazon's move is backed by high engagement on social media and tech platforms, indicating strong market interest. Ghost Robotics' acquisition aligns with LIG Nex1's strategic goals, as evidenced by the $240 million investment. Amperity's CEO transition is supported by Tony Owens' extensive experience, promising enhanced market impact. 🎯 STRATEGIC IMPLICATIONS 1. For Founders Founders should consider leveraging Amazon's pricing model to explore niche markets or enhance value propositions. #Robotics startups must navigate ethical considerations while exploring #defense collaborations. Customer data startups should focus on strategic leadership to drive growth and differentiation. 2. For Investors Investors should monitor Amazon's impact on e-commerce valuations and consider opportunities in defense-related robotics. The customer data sector may offer attractive investment opportunities as leadership changes drive innovation. 🔮 EMERGING OPPORTUNITIES 1. Growth Spaces E-commerce platforms focusing on #affordability and #convenience can capitalize on Amazon's strategy. Robotics firms with ethical and innovative solutions may find new markets in defense and industrial applications. Customer data management platforms with strong leadership and #AI capabilities are poised for growth. 2. Strategic Considerations Key factors include monitoring Amazon's competitive pricing effects, assessing ethical implications in robotics, and evaluating leadership-driven innovation in customer data management. #StartupEconomy #VentureCapital #Innovation #WeeklyVentures
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Sometimes, you meet a founder who's at the perfect intersection of ability, knowledge, and lived experience to build something that'll change a whole industry. That's Anthony S., Founder & CEO of Cavela — the AI platform for anyone who wants to make a physical product to connect with the right supplier at the right price without the months of quotes, negotiation, and complicated back-and-forth 😅 Cavela launches today (and announces its $2M pre-seed) to automate away all the pain from this process, while also helping product makers save an average 40% on operational costs. We're pretty excited to be leading that round! 🙌 Just like Shopify reinvented the way merchants find and interact with customers, Cavela is remaking the way e-commerce companies, boutique brands, and startups find and interact with manufacturers. We have conviction that Anthony and his team (veterans from Stripe, Google, Amazon, Disney, and huge e-commerce and procurement companies), are building a business of that same magnitude, while solving a deeply-felt, long-standing problem. Anthony himself is a data scientist who has spent his career building AI tools for many different purposes, including large retailers. He also grew up in Asia and Latin America in a family that worked in global trade. So he saw complex supply chains up close. He and the team have baked all of this experience into an opinionated product that does exactly what customers need. So whether you're looking to make a yo-yo, umbrella, polo shirt, pickleball paddles, branded sneakers, or margarita-flavored lip balm, Cavela is now the market leader to help you realize whatever your imagination can dream up! Learn more in the BusinessInsider: https://lnkd.in/gVmRS_yp Or go to Cavela.com to get started! 🪀🎽🏓 🛼☂️
Cavela is using AI to automate manufacturing and e-commerce. Here's how the startup raised $2 million without using a pitch deck.
businessinsider.com
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Here's a great example of why I'm launching my new "What's Next?" series on Shopifreaks... I just got off the phone with a founder who built an AI phone assistant, and it's super impressive. He's currently catering to BigCommerce merchants because he feels that their ecosystem doesn't currently have a great option on the market. And in general, it's less saturated than the Shopify app market. My initial thought when he messaged me was, "Oh great, another AI chat bot" -- because I can't even remember how many I've been pitched in the past year. However I'm glad I took the call and got to see a demo because it's REALLY powerful. I immediately started thinking of use cases for it. There is a lot of incredible new tech out there that will never see the light of day because there are limited publications that feature e-commerce startups, and even less if you're bootstrapped, as the articles often follow funding rounds. Hopefully this new series will provide an outlet for startups to reach the right people in our industry. And on the flip side of the coin, create a channel for merchants to discover new tech and become early adopters. While I never aim to replace a full feature from TechCrunch, the series could become a source for journalists, podcasters, and other publishers to discover founders and do deeper dives on their own publications. I'm finalizing the interview questions today, getting the submission form setup, and the first set of interviews should be published in the next week or two. I'll start with publishing a couple interviews per week, but the eventual goal is a daily feature. I'll keep you posted.
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Don't read this if you're not ready to disrupt. . . . 9 groundbreaking lessons from the book “Zero to One” with real-world examples: 1. Start Small and Monopolize: - Amazon began with books (dominated online book sales before expanding). - Facebook started with Harvard students (grew from a college network to a global platform). - PayPal focused initially on eBay users (became the go-to payment method for eBay). 2. Contrarian Thinking: - Airbnb with home stays when convention was hotels (transformed spare rooms into lodging options). - Uber's idea of ride-sharing when people didn’t trust random cabs (changed the personal transportation industry). - Tesla's electric cars (challenged the conventional automotive industry). 3. Avoid Competition: - Netflix's online streaming (created a new market in entertainment). - Slack in office communication (introduced a new way of workplace messaging). 4. Power Law of Venture Capital: - Facebook in social media (massive returns for early investors). - LinkedIn for professional networking (hugely successful IPO). - Instagram’s photo-sharing appeal (acquired for $1 billion by Facebook). 5. Sales Matter as much as Product: - iPhone's success (revolutionized smartphone marketing). - Dyson's vacuums (transformed a household item with innovative design and marketing). - Red Bull in energy drinks (aggressive marketing tactics to differentiate). 6. All businesses operate on secrets: - Stripe’s payment processing algorithm (central to its fintech leadership) - Google's search algorithm (key to its dominance in search). - Coca-Cola's secret recipe (iconic and closely guarded formula). 7. Importance of Timing: - Dropbox in cloud storage (entered when cloud was becoming mainstream). - TikTok with short video format (capitalized on the growing trend of short-form video). - Instagram's timing with smartphone photography (leveraged the rise of smartphone cameras). 8. Less is More in a Team: - WhatsApp, developed by a small team, sold for billions to Facebook. - Midjourney AI (a team of 50 generated revenue of $200 Mn with no funding). 9. Build a Monopoly: - Microsoft Windows (dominated PC operating systems). - Google in online search (became the leading search engine). - Amazon, a major player in e-commerce, dominated online retail. Have you delved into the pages of 'Zero to One' yet? Share your thoughts and insights in the comments below Follow Parth Agarwal LinkedIn #zerotoone #marketgrowth #managementconsulting #startuplife #linkedin #linkedinforcreators #parthagarwal
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Learn 𝗩𝗮𝗹𝘂𝗲-𝗕𝗮𝘀𝗲𝗱 𝗕𝗶𝗱𝗱𝗶𝗻𝗴 in 40 seconds… It’s a strategy that optimizes for high-value customers. It works for platforms like: ✔ Google ✔ Amazon ✔ Shopify ✔ TikTok ✔ Etsy But we’ve seen it work best on Google. What do you need? ▶ Your own zero- and first-party data ▶ ROI and ROAS targets and benchmarks ▶ AI model to predict LTV for more optimized bidding If you can quickly provide this feedback to ad platforms within the first few days… Your campaigns can optimize for high-value customers. Best used by companies that value customer retention and long-term relationships. Curious to get the full play-by-play? 👉 DM me the word "VBB" and we can talk about value-based bidding. Or with 90% accuracy: You can try Voyantis.ai to acquire your highest-value users with AI. Use the same AI tech and strategies we used for clients like Notion, Miro, Ipsy, and Honeybook. #startups #strategy #artificialintelligence #digitalmarketing #VBB 🎬 Watch our full webinar about this here: https://lnkd.in/dH--WBEh
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“How do I create a ‘moat’ for my business?!” 🤯 Here are the two moats every CEO seeks to build, and every savvy investor looks for: (1) Technology. In this moat, you’re winning because you have that next-gen tech.... ...and competitors/new entrants just cannot compete. Pretty straightforward! Examples - ✨ Nvidia, an obvious crowd fave, and its leading GPUs. ✨ Tesla, and its own proprietary battery technology (although lets see what happens if BYD comes to market in the US…) ✨ Stripe, and its dev-friendly API that makes payment integration easy for businesses. ✨ DoorDash, and its proprietary logistics and routing system that optimizes food delivery times. ✨ Amazon, and its leading warehouse automation that allows fast and efficient package delivery. (2) Distribution. This one is FUN! Here, you're winning because you acquire users in a way no one else can. That means - Whatever growth channels you’re using, They're driving cost-effective, quality (that’s a key word) customer acquisition. The best part? For some reason, your competitors and new entrants cannot compete with you in these channels. There’s something unique about you and your company that allows you to outperform. Examples - ✨ Cinnabon, a company that narrowly avoided bankruptcy in 2010 by selling "mini-bons" to companies like Burger King - a move that 2x'd profits within 1 year....! ✨ Microsoft, and its $26B acquisition of LinkedIn that gives it unique access to… well… all of us and our content. Hat tip to you, Microsoft. ✨ Notion, and its product-led growth focused on encouraging users to share their own setups and workflows with others. (Note that Airtable did something similar to Notion - getting inspo from other companies can really help!) ✨ Duolingo, and its gamification, social sharing, and adorable mascot. ✨ Honey, and its unique browser extension that seamlessly finds and applies coupon codes (and warms my thrifty heart). You could prob argue this one is technology, too! I believe you can build a distribution moat for just about any (viable) technology.... ...assuming that you know your user, your numbers, and are creative! We love helping solve the Distribution Moat Puzzle for our clients and partners. 🤓 - Which moat is your fave? Why?! How are you thinking about moats in your business?! Leave a comment below and let’s chat 😎 ___ I'm Katie Nowak, an innovation leader, new venture designer and investor sharing stories & lessons weekly. Follow me + hit 🔔 to stay tuned.
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What's the value of communicating your company's value? Value is at the heart of any successful business proposition. It is the sum of the benefits and possibilities a customer receives from your product or service. It's important for 3 reasons: 🚨 Grabs attention🚨: Captures the interest of your prospects by highlighting the unique and relevant benefits you offer. 🛒 Facilitates purchase decisions: A clear message about value helps customers see the benefit of their investment. ♾️ Builds loyalty: Customers who perceive high value are more likely to remain loyal and recommend your business. Take for instance these 3 companies to better understand this concept: 🔍 Google: Conveys its value by providing free and accessible services like the search engine, Gmail, and Google Maps. The value lies in improving productivity and daily life through essential, high-quality tools. 🤖 OpenAI: Highlights its value by offering advanced AI solutions that simplify complex tasks and enhance efficiency across various sectors. The value is found in the innovation and positive impact these technologies have on businesses and society. 🛍️ Amazon: Delivers value through an unmatched customer experience with fast delivery, a vast selection of products, and convenient services like Amazon Prime. The value lies in the convenience, speed, and reliability that enhance the shopping experience. It's not just about what you offer, but how it improves your customers' lives. #ValueProposition #PitchingValue #Startups #SMBs
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Interesting take on competitive moats. Hamilton Helmer's "7 Powers" book says that moats create durable competitive advantages that help a business sustain profitability and fend off competitors over the long term; however, in this blog post, Rohan argues that creating a product that customers truly value and executing well are most important. I think the two are not mutually exclusive - you can build your product with features that are both useful and also serve as a moat if executed well (network economies, branding, and process power come to mind). >>>> "The traditional thinking goes: without some special advantage that others can’t replicate, competitors will copy your success and eat your lunch. This makes sense if you’re selling commodity widgets. It makes zero sense in technology. Look at the major tech successes: * Facebook wasn’t the first social network * Google wasn’t the first search engine * Apple wasn’t the first computer company * Amazon wasn’t the first online retailer None of these companies succeeded because of some mystical MOAT. They succeeded because they built something people wanted and kept building. The “MOAT” emerged as a side effect of execution, not as some pre-planned strategic advantage." https://lnkd.in/gJW-DfH3
MOATs Aren't Useful
rohan.ga
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Perplexity Takes on Amazon: The Future of AI-Powered Shopping 🤯 #BeyondCode Series: Where AI That Speaks to the Heart of Every Industry Day 6 Update New Developments: 1. Perplexity has launched a new AI-powered shopping experience that redefines how we shop. 2. Imagine searching for products and having AI figure out exactly what you need. 3. You can now take a picture of any item, find it online, and buy it directly on Perplexity. But there's more: 1. Perplexity Pro offers free shipping, turning the whole world into your showroom. 2. This innovation is a direct threat to Amazon's dominance. Quick Stats: 1. 54% of product searches in the US start on Amazon. 2. 50% of all products sold on Amazon are by third-party sellers. Amazon provides various services and leases space to external sellers. Perplexity is creating an Amazon-like experience by leveraging the open web. Path to Revenue for Perplexity: Picture this: You take a photo of expensive Bose headphones. AI suggests a well-reviewed, budget-friendly alternative. This approach generates ad revenue without degrading the search experience. Check out my last post about Hedonistic Shopping for a better understanding! This new approach from Perplexity can help reduce hedonistic shopping habits. By providing smart, tailored recommendations, AI makes it easier to find what you need without falling into the trap of impulse buying. Imagine fewer hours spent endlessly scrolling through items and more time enjoying the perfect finds that meet your needs and preferences. If Perplexity perfects this model, it could revolutionize e-commerce apps. Goodbye to endless scrolling and confusion while researching what to buy. ♻ Share this post to spread the word. 👉 Follow Divleen Kaur for more such content. 👏 Shoutout to Uttam Gupta for sharing this insight! #BeyondCode #AI #FutureOfShopping #Innovation #Personalization #CustomerExperience #startup #growth #entrepreneurship #marketing #fresher #hiring
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#SaaSRoundUp time! 3 marketing updates, 2 SaaS updates, and one quick insight! Here are some highlights from June. 📢On the marketing front 1️⃣ Reddit traffic up by 39%, indicating how Google may be prioritizing opinions over expertise. 2️⃣ Amazon launches investigation into Perplexity AI for scraping websites that attempted to prevent it from doing so. 3️⃣ Toys R Us creates its first completely AI-generated brand film. What’s new in #SaaS? 1️⃣ Gen AI SaaS startup Inventive AI raised $6.5M in seed funding. 2️⃣ Transport management company Qargo TMS raised £11 million in Series A funding. Expert insight: “The trick to being a professional storyteller isn’t finding inspiration to smack you on the head. It’s knowing what to do when it doesn’t.” — Jay Acunzo #SaaS #B2B #Marketing #91Ninjas
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