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- 🍐#79: Prepare for HN launch even if you never will, tips on pricing, and YouTube in-feed ads
🍐#79: Prepare for HN launch even if you never will, tips on pricing, and YouTube in-feed ads
Hey,
Saw black dots on a pear🍐recently:
Googled and it turns out that this is a pear scab: “fungal disease caused by the fungus called Venturia pyrina”. Scary.
This week on the agenda:
Prepare for a Hacker News launch even if you never will
Tips on B2B (Enterprise) pricing
YouTube In-feed ads
+ a few bonus links at the end
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Developer marketing insights
1. Prepare for a Hacker News launch even if you never will
Launching on HN can drive a ton of traffic, new users, awareness, and feedback.
Plenty of dev tools you know had great launches. Some through an actual HN Launch, reserved for YC companies only. Some through Show HN.
But the benefits of getting your startup ready to launch are even greater than launching itself.
1. It forces you to:
Include your technical founders and devs
Articulate your product and the problem you solve
Articulate your company and founder's backstory
Understand how are you actually different (they will ask)
Design the core developer journey that lets devs try it out for free
It pushes you to put yourself into the HN dev reader's shoes.
2. And go through that first experience from:
reading a product description they understand to
explaining the problem better than they could to
taking a look at the website including pricing and docs to
giving it 15min to play with so that they could come back with feedback
And all of that delivered to the tough crowd that sets the bar high.
3. The materials you prepare while doing this can be used for:
launches and ads on other places like Reddit with limited change
blog posts and content strategy focused on problem explanation
creating battle cards and comparison pages/blogs and sales convos
So I'd say if you haven't go do it. And once you have it maybe actually even launch it?
2. YouTube In-feed ads
This play is simple yet somewhat underused:
You have YouTube content yourself (tutorials, influencer videos, etc)
You pay to show up in the search and watch the next lists.
This is a more natural way for people to discover your content (vs mid-video interruption).
Itamar shares his best practices in the post but my favorite is:
“If you're working with YouTube influencers, ask them to connect their YouTube channels to your Google Ads account. This way, you could use their data to create audiences.”
3. Tips on B2B (Enterprise) pricing
While this video goes to all B2B founders it definitely applies to dev tool startups and founders.
My takeaways:
Enterprise pricing should have “Contact Sales” call to action and be custom-built on the value equation. Otherwise, you’ll leave money on the table. And this is the expected way of buying enterprise software.
The value estimation: Talk with the champion, and figure out what $value they (can) expect from your product. Whether it saves time/$, increases revenue, or decreases risk. The champion is a good person to talk to as they want to figure that out before talking to the CFO or CTO.
For example, if your product is expected to decrease support queries by at least 20%, you can convert that to the cost of support staff.
If you do the value equation right, you get success metric by design
Once you have the value, price it at 25 - 50% of the value you deliver
If that is tricky go with a price similar to competitors or other software they buy. And for every pitch, increase it by 50% until you start losing 25% of deals due to pricing.
Figure out your cost. If your cost is higher than value estimation you are in trouble. This realization may push you to pivot to ideas that bring more value to customers
Don’t race to the bottom vs competition. You want to provide more value, add 10x features. Not sell a cheaper product. Also, being the premium option actually helps you get into the consideration set.
Keep it simple. Simple understandable pricing is better than complex but more “correct” pricing setup.
To mitigate usage-based pricing risk, start with usage-based pricing with bigger customers and after say 2 months offer to move to monthly commitment for a year at a discounted rate.
Don’t do (long) free trials with enterprises. Aim at short POC with clear success criteria, or get them to commit to a yearly contract up front with a 30/60 day money-back “no questions asked” guarantee.
Need more developer marketing insights?
1. Work with me 🍐
Every week I have a few slots for Workshops (60-minute session on whatever you want), Teardowns (audit+suggestions for your homepage/messaging/ads etc), and longer-term Advising.
"Jakub immediately got to the heart of our concerns.
Especially the unique challenges of crafting a marketing and content strategy for a developer audience."
2. Bonus links to check out
3. Join our Slack community
1800+ dev tool CMOs, heads of growth, product marketers, and other practitioners talking shop.
"Been here 20 min and already folks are sharing great advice."
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