I have some good news and some bad news for startup founders and CEOs.
The bad news is that your messaging does in fact suck, and it may suck for a long, long time.
The good news is that if you follow the rest of this post, you may be able to turn that suckitude into not only revenue, but that elusive next round of funding.
Before I go into storytelling mode, I have a confession to make. I don’t really know what messaging is anymore. I know what it means to me, but recent experience tells me that others think it’s some magical mix of things like value props, mission statements and boilerplates.
Mission statements were covered in my Marketing 101 class…in 1993.
Here’s my definition of what messaging is today: it describes what you are, and what you’re about. That holds for both individuals and companies.
For example, let’s me try this with my company, Right Source Marketing.
We’re a marketing consulting firm. We’re heavily focused on two areas: marketing strategy, because eventually even the best marketing tactics fail without a strategy; and content marketing, because social media is nothing without content marketing.
And that’s ok, because while messaging is necessary, it’s not only going to change, it may change many times. Sure, companies like Nike or GM or Exxon may be able to track the rise and fall of shareholder value based on certain “messaging” campaigns, but you are a startup. Spend too much time trying to nail messaging, and you’re out of money.
Here’s how we’ve found this work for startups: not too long ago, we started working with a startup company with a great CEO, a few great senior staffers, a little bit of money, but no product, messaging, or marketing. We helped create the product, we knew what we needed to do with the promotion piece, but we got stuck on messaging.
Value props, then redlines. Boilerplates, then redlines. Tag lines, then redlines. Blog posts, then redlines.
And then, we just stopped. We just reached some type of happy place where I think both our staff and the client realized that we were NOT going to nail it together, and we moved on.
And then an interesting thing happened. We executed the hell out of the marketing strategy. Met and exceeded every goal.
8 months later, the client received a significant round of funding. Even with messaging that sucked.
Some concrete advice for startup founders and CEOs. Do NOT ignore messaging, but consider these 4 ideas:
- Get outside help. You don’t have to hire a giant ad agency or public relations firm. You don’t even need to pay anyone. But you do need perspective outside the founding team. Your story may sound great to a bunch of engineers who have been working 16 hour days for equity, but that does not mean the story will make any sense to the outside world.
- Don’t let your investors help. VCs, and to a lesser extent angels, tend to always compare you to one of their previous portfolio successes. That means your message will always have a “me too” feel to it. Be the next you, not the next Dropbox, or Zynga, or Groupon.
- Test and adjust your messaging. You’re going to test customer acquisition campaigns, your social media programs and your telemarketing process. Why wouldn’t you take the same approach to messaging?
- Just move on when you’re stuck. Your prospective customers, investors and partners are waiting, so stop messing with your messaging and execute.