Marketing pro Corey Haines shares tips for indie hackers and takes us behind the scenes of his business, Conversion Factory. He discusses product marketing, the benefits of subscription models, building websites, time management, and aligning products with personal preferences. Corey's expertise in running a marketing agency offers valuable advice for starting a business.
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Quick takeaways
Indie Hackers should focus on purpose-driven product development and train themselves to think like marketers to overcome the challenges of effective product marketing.
Having a swipe file can provide inspiration for marketers and help streamline their own work by drawing from successful examples in the industry.
Knowing when to hire a marketer for a startup depends on various factors, but finding the right person who understands the company's vision and can adapt to marketing complexities is crucial.
Deep dives
Challenges of Indie Hackers in Product Marketing
Many Indie Hackers struggle with effectively marketing their products. This is often because they have not built their products with a specific problem in mind, making it difficult for them to articulate the problem that their product solves. Product marketing requires a strong narrative and understanding of customer pain points to create a compelling value proposition. However, by focusing on purpose-driven product development and training themselves to think like marketers, Indie Hackers can overcome these challenges.
The Benefits and Purpose of a Swipe File
A swipe file is a collection of resources that provides inspiration for marketing and design work. It can include UI patterns, email templates, landing page models, and more. A swipe file allows marketers to draw inspiration from successful examples in order to streamline their own work and avoid reinventing the wheel. It helps marketers overcome the fear of copying or being unoriginal, as it provides a starting point for developing their own style and creative ideas.
Hiring Marketers for Startups and the Role of Conversion Factory
Knowing when to hire a marketer for a startup depends on various factors. One approach is for founders to take on the role of the first marketing hire themselves, as it allows them to have more control and understanding of the marketing strategies. Hiring a marketer can happen at any stage, but it is important to find the right person who understands the company's vision and can adapt to the complexities of marketing. Conversion Factory, a product marketing and design agency, aims to address the gap in the market by providing productized marketing services specifically tailored for early-stage companies. Their unique approach includes a subscription-based model, unlimited requests with fast turnaround times, and a focus on effective product marketing strategies.
Delivering Value and Fast Results
The podcast episode emphasizes the importance of delivering value to customers quickly. It discusses the drawbacks of making customers wait months for results and highlights the benefits of providing immediate value. The speaker explains that by focusing on fast delivery and ensuring customers see the value right away, businesses can build strong relationships and retain clients.
Pricing Strategies and Service-based Pricing
The podcast explores different pricing models and strategies. It mentions cost-based pricing, where a product's price is determined based on the production cost and markup. However, it highlights the challenges of pricing services, particularly in agency work, where the value of each deliverable may vary. The speaker introduces the concept of paying for access, where clients pay for the service provider's unique expertise and approach. The episode also delves into Conversion Factory's pricing structure, which offers synchronous and asynchronous plans with a 50% premium for the synchronous option.
Get ready to learn everything about product marketing from our guest today, Corey Haines. Corey is a marketing pro who knows a lot about selling the right products to the right people. He talks about problems that indie hackers often face and gives helpful tips to solve them. He also invites us behind the scenes of his new business, Conversion Factory, which helps young companies with their marketing.
We chat about how Corey went from doing freelance work to starting his own company with two friends. He shares how they came up with the idea for Conversion Factory, their special way of (product) marketing, and how they make products really popular. We also look at new ways of doing business, comparing old and new methods — using subscription payments in an agency is pretty new ground. Corey's thoughts on this are really interesting and could change how you think about business.
We end our talk with Corey's views on how software and starting a business have shaped his career. He talks about why selling a product might be easier than creating software. We also discuss the benefits of having a business that makes steady money, which can help start other projects. Corey's experience in running a marketing company and the importance of being an expert in your field offer great advice. This conversation is full of useful tips for anyone interested in starting a business. So let's dive in and learn from Corey's experience!
00:00:00 Indie Hackers' Struggles With Product Marketing 00:11:53 Hire Marketer, Launch Conversion Factory 00:17:56 Starting an Agency 00:30:36 Company Size and Service Needs Correlation 00:42:12 The Role of Software and Entrepreneurship 00:46:56 Website Design and Product Marketing 00:57:50 Product Marketing and Building Service Subscription