How to spend it — part 4

Marketing Hacks for Early-Stage Startups

13 low-cost activities that work, and 5 that will only shrink your budget

Uwe Weinreich
16 min readJun 2, 2023

--

Photo by Fab Lentz on Unsplash

Start-ups in the early stages are in a dilemma. Many of them lack money, but they need a wide reach. I’m always inclined to spend a significant amount of money on marketing, but only if the most important questions are answered:

  • Who is my target audience or ideal customer?
  • What is the specific problem we can help solve?
  • Is the problem big enough that people will pay enough for a solution?
  • Is our solution the one that best fits the needs of our target customer?
  • When and through what channels can we reach potential customers?
  • What story and messages touch our customers?
  • What steps are necessary to make a sale?
  • Do they buy our solution?
  • What is the average customer acquisition cost (CAC)?
  • What is the average customer lifetime value (CLV)?

CAC and CLV are important key performance indicators for unit economics. Knowing them goes beyond simple solution-market fit. I would clearly distinguish between the phase where…

--

--

Uwe Weinreich
Uwe Weinreich

Written by Uwe Weinreich

Uwe works as coach, author and consultant focusing on agile innovation and digital transformation. What he does is simple: he solves problems.

No responses yet