LLP@TecnicoClass 5

Luis Caldas de Oliveira

Agenda for Class 5

• Q&A about Channel

• Team Presentations: Channel Findings

• Summary about Customer Relationships

• Work for Next Week

Recycling Startups• Recyclebank (series A $13M 2007):

https://youtu.be/wwh5-tdpib0

• Enevo (series A $2.7M 2013): https://vimeo.com/137581889

• Gazelle.com (series A $4.4M 2008): https://youtu.be/vzgZhb71rQI

• Revivn (500 startups batch 10): https://youtu.be/WI-bhv1RqoA

Q&A CHANNEL

LLP Roller Coaster

Common Errors on Channel Findings

• Ignore the impact of a channel on its revenue stream

• The more complex the channel, the smaller the margins will be

• Ignore costs to acquire, service and support a channel

• Assume that all startups use direct channels on day one.

Physical Distribution Channels

Web/Mobile Distribution Channels

TEAM PRESENTATIONS: CHANNEL

CUSTOMER RELATIONSHIPS

Customer Relationships Strategy

• “Get Customers”: Awareness, Interest, Consideration, Purchase

• “Keep Customers”: Interact, Retain

• “Grow Customers”: New Revenue, Referrals

Customer Relationships

Get Customers (Physical)

Customer Relationships Tactics

• “Get Customers”: Earned Media (pr, blogs, etc), Paid Media (ads, promotion), Online Tools

• “Keep Customers”: Loyalty programs, customer surveys, check-in calls

• “Grow Customers”: Up-sell, cross-sell, next-sell, unbundling

Key Concepts

• CAC: Costumer Acquisition Cost

• Churn: costume attrition

• LTV: costumer Life Time Value

Objective Pass/Fail Metrics

• Get 5 product reviews in blog (€1000): 50 inquiries

• 1000 flyers (€100): 10 inquiries

• Ad in magazine (€500): 10 sales

• Google AsWords (€500): 5 sales

Sales = 15 + 10% of 60 = 21 CAC=€100

NEXT WEEK

Presentation for Next Week

• Slide 1: Cover slide

• Slide 2: Business Model Canvas (changes marked in red, different colors for multi-sided markets)

• Slide 3: Objective pass/fail metrics for each “Get” tactic

• Slide 4; What is your customer acquisition cost?

• Slide 5: What is your customer lifetime value?

• Slide 6: Build demand creation budget and forecast

• Slide 7: Get/Keep/Grow diagram and annotate it with key metrics

Before Next Class• Talk to 10 customers and channel partners

• Update LPC Narrative and Canvas

• Work on your MVP: site or wireframe (web/mobile), prototype, model, crowdfunding (physical product)

• Prepare Class Presentation

• Watch Lecture 6: Revenue Models

Obrigado