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Why Early Advocates are 10x more important than Early Adopters
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Page 1: Why Early Advocates are 10x Better Than Early Adopters For New Products

Why Early Advocates

are 10x more important than

Early Adopters

Page 2: Why Early Advocates are 10x Better Than Early Adopters For New Products

who is this guy?

•  Launched  dozens  of  products  

•  Product  Manager,  Product  Marketer  

•  Explorics:  B2B  Loyalty  &  Advocacy    

•  2-­‐Bme  entrepreneur  

•  Lean  Startup  Challenge  2013  

•  Business  Model  GeneraBon  Meetup  

•  Startup  Coach,  Quebec  Tech  Accelerator  

•  Stanford  MBA  

•  MIT  Computer  Science  

@explorics @bostonproduct

Page 3: Why Early Advocates are 10x Better Than Early Adopters For New Products

10 Early Adopters

1 was an advocate

9 were not

The year was 2006…

@explorics @bostonproduct

Page 4: Why Early Advocates are 10x Better Than Early Adopters For New Products

The Big Idea

Early adopters have long been entrenched in technology culture. They aren’t filling the role we need today. Product owners need to cultivate early advocates.

@explorics @bostonproduct

Page 5: Why Early Advocates are 10x Better Than Early Adopters For New Products

First… let’s review: Early Adopter

@explorics @bostonproduct

Page 6: Why Early Advocates are 10x Better Than Early Adopters For New Products

Published in

1991

@explorics @bostonproduct

Page 7: Why Early Advocates are 10x Better Than Early Adopters For New Products

“Still the bible for entrepreneurial

marketing 15 years later

[in 2006]”

Tom Byers, Stanford Technology

Ventures Program

   

@explorics @bostonproduct

Page 8: Why Early Advocates are 10x Better Than Early Adopters For New Products

@explorics @bostonproduct

Page 9: Why Early Advocates are 10x Better Than Early Adopters For New Products

The Chasm

The mainstream market doesn’t listen to early adopters

@explorics @bostonproduct

Page 10: Why Early Advocates are 10x Better Than Early Adopters For New Products

Establish a Beachhead To cross the chasm…  

@explorics @bostonproduct

Page 11: Why Early Advocates are 10x Better Than Early Adopters For New Products

DELIVER A “Whole Product”

@explorics @bostonproduct

Page 12: Why Early Advocates are 10x Better Than Early Adopters For New Products

Pass The Elevator Test

Hey buddy… Wanna buy some

software?

@explorics @bostonproduct

Page 13: Why Early Advocates are 10x Better Than Early Adopters For New Products

What is an early adopter?

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Page 14: Why Early Advocates are 10x Better Than Early Adopters For New Products

@explorics @bostonproduct

Page 15: Why Early Advocates are 10x Better Than Early Adopters For New Products

I’ll scratch your back. You scratch mine.

Early Adopters Get… •  Attention •  Special pricing •  Amazing support •  Hand-holding •  Custom features •  Show-off status

You Get… •  Revenue •  Real-world testing •  Use cases •  Product input •  Go-to-market feedback •  Endorsement

Page 16: Why Early Advocates are 10x Better Than Early Adopters For New Products

Early Adopters Get… •  Attention •  Special pricing •  Amazing support •  Hand-holding •  Custom features •  Show-off status

You Get… •  Revenue •  Real-world testing •  Use cases •  Product input •  Go-to-market feedback •  Endorsement

I’ll scratch your back. You scratch mine.

Page 17: Why Early Advocates are 10x Better Than Early Adopters For New Products

Early endorsement is much more important today than it was in 1991.

@explorics @bostonproduct

Page 18: Why Early Advocates are 10x Better Than Early Adopters For New Products

THEN Early adopters validated usefulness

NOW Early advocates validate virality

@explorics @bostonproduct

Page 19: Why Early Advocates are 10x Better Than Early Adopters For New Products

Ray: You know, it's just occurred to me – we really haven't had a completely successful test of this equipment.

Peter: Why worry? Each of us is wearing an unlicensed nuclear accelerator on his back.

Today’s Elevator Test

@explorics @bostonproduct

Page 20: Why Early Advocates are 10x Better Than Early Adopters For New Products

An Early Advocate is a

Special Kind of Early Adopter

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Page 21: Why Early Advocates are 10x Better Than Early Adopters For New Products

3 Three things that make advocates different from adopters…

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Page 22: Why Early Advocates are 10x Better Than Early Adopters For New Products

Adopters want to be “unique”

Advocates want to be “first”

@explorics @bostonproduct

Steve Mann

Page 23: Why Early Advocates are 10x Better Than Early Adopters For New Products

Adopters want to discover something inherently valuable.

Advocates want to brag about what they discovered.

@explorics @bostonproduct

Page 24: Why Early Advocates are 10x Better Than Early Adopters For New Products

Adopters like to tinker

Advocates want to show off

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Page 25: Why Early Advocates are 10x Better Than Early Adopters For New Products

The Biggest Difference Is What You AIM For

Adopters validate “good-enough”

Advocates fall in LOVE with “greatness”

@explorics @bostonproduct

Page 26: Why Early Advocates are 10x Better Than Early Adopters For New Products

Early adopters are great for opinions.

That is why you need to focus on your early advocates.

But they are lousy for growth.

@explorics @bostonproduct

Page 27: Why Early Advocates are 10x Better Than Early Adopters For New Products

Creating an Advocate Program

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Page 28: Why Early Advocates are 10x Better Than Early Adopters For New Products

Advocate programs are highly personal making them quite unlike typical marketing programs

Page 29: Why Early Advocates are 10x Better Than Early Adopters For New Products

Advocate programs are based on relationships

The Rules

•  People,  not  companies  •  Give  first,  then  receive  •  RecogniBon,  not  bribes  

Page 30: Why Early Advocates are 10x Better Than Early Adopters For New Products

Advocates want to believe in something together

•  Shared vision •  Mutual trust •  Aligned incentives

@explorics @bostonproduct

Page 31: Why Early Advocates are 10x Better Than Early Adopters For New Products

People don’t buy what you do. They buy why you do it.

Google: ted sinek why

Simon Sinek How Great Leaders Inspire Action

What is the job the customer is hiring our product to do?

Clayton Christensen Market Disruptions & Online Learning

@explorics @bostonproduct

Google: christensen milkshake disruptions

Page 32: Why Early Advocates are 10x Better Than Early Adopters For New Products

Document your shared vision @explorics @bostonproduct

Page 33: Why Early Advocates are 10x Better Than Early Adopters For New Products

Recruit Engage Harvest Optimize

4 Steps to an Advocate Program

@explorics @bostonproduct

Page 34: Why Early Advocates are 10x Better Than Early Adopters For New Products

From Our CEO

Recruiting

Dear Joe,

I noticed your profile on

LinkedIn and thought

you’d appreciate this paper

we’ve written with MIT

Tech Review, Navigating

Planet Ad Tech.

Check it out:

http://bit.ly.com/23fi9c

Thanks! Melissa

•  Keep it personal

•  They were chosen

•  Mutual value

•  Exclusivity

•  Meaningful perks

•  Access

@explorics @bostonproduct

Page 35: Why Early Advocates are 10x Better Than Early Adopters For New Products

Don’t beg

@explorics @bostonproduct

Page 36: Why Early Advocates are 10x Better Than Early Adopters For New Products

engaging

•  Send content •  Recommend as an expert •  Ask for advice •  Short surveys •  Introductions to peers •  Group chats •  Quick feedback on ideas •  Repost, reshare, retweet •  Contests

Page 37: Why Early Advocates are 10x Better Than Early Adopters For New Products

harvesting

•  Product feedback •  Thought leadership •  Content •  References •  Referrals •  Demand generation •  Product reviews •  Testimonials •  Case studies •  Public speakers

Page 38: Why Early Advocates are 10x Better Than Early Adopters For New Products

optimizing

Key Metrics •  Recruiting rate: customers to

program participants •  Engagement rate of participants •  Engagement rate of programs •  Conversion of programs into

deliverables •  Business metrics •  Referrals •  Leads generated •  Retention rates

Page 39: Why Early Advocates are 10x Better Than Early Adopters For New Products

Tools

Even more… •  Evergage – real-time web personalization •  TechValidate – create content from customers •  AskYourTargetMarket – online market research •  UsabilityHub – five-second testing •  UserTesting – fast user research •  Qualaroo – insight surveys for A/B testing

A custom community portal for advocates www.influitive.com

Customer feedback forum and interaction platform www.getsatisfaction.com

DIY websites and content management systems

www.getsatisfaction.com

Page 40: Why Early Advocates are 10x Better Than Early Adopters For New Products

Three Easy Steps To get going

@explorics @bostonproduct

1.  “Health check” your enthusiastic customers

2.  Find out how they would want to partner

3.  Target one engagement-harvesting activity that is mutually beneficial and has meaningful business results

Page 41: Why Early Advocates are 10x Better Than Early Adopters For New Products

The key takeaway

@explorics @bostonproduct

Page 42: Why Early Advocates are 10x Better Than Early Adopters For New Products

Get Early Advocates. They Love You And Let Everyone know.

Thank You! Brian  Gladstein  @explorics  

[email protected]  

How did I do? http://braverybot.com/bpma/2