Originally published on Idea Hunt.
It’s easy to get stuck in conventional thinking.
- How do we get more traffic?
- How can we convert more of that traffic?
Yes, it’s great to reach other people’s audiences by producing attention-grabbing content, and by launching lead magnets to build your list. Still, but people’s mental bandwidth is basically staying the same. You need to do things differently than everyone else.
I think Mark Twain1 said it best:
“Whenever you find yourself on the side of the majority, it’s time to pause and reflect.”
In theory, you only need to reach one other person, as long as that person becomes a customer for life and refers one other equally dedicated customer each month2.
In one month, you will have one customer and in two months, you will have two. In three months, four. Then eight, then 16, 32, 64, 128, 256, 512, 1024, and so on. And in a few short years, your company will be the biggest brand on Earth.
The math is basic:
2[number of months]
This type of thinking will move your brand away from:
How can we attract more traffic and increase our conversion rates throughout our funnel?
and closer to:
How can we transform each and every customer into life-long brand ambassadors?
The Word-of-Mouth Test
Here’s a mental exercise to try — the Word-of-Mouth Test:
Imagine two friends hanging out. One of them is a customer of yours, the other one has never heard of your product or service. In casual conversation, the friend who has never heard of your brand brings the very problem that you’re solving!
The other friend, who really wants to help his or her friend out, then says:
“I used to have that problem, too. You should really check out X, their product/service is really awesome!”
If the above scenario happens often enough, your brand will become a success. Growth, sales, and marketing, all of that won’t be your biggest challenges anymore. You’ll instead have to focus on hiring the right people!
Where to Start
In the above ideal scenario, customers will be referring other customers without your active involvement.
A great product or service is a must, yes. So is great free content and stellar customer service. And the value you offer must address a real, urgent need that resonates with a large enough group.
And then there needs to be that little ‘extra’ something…
Hence, my no. 1 advice for startups always start with this: