Myke asks Tom and Dan about the Keen campaign's progress and received feedback. They discuss the St. Jude fundraiser and details on the Thoroughly Considered raffle for a special Mark One pen.
The hosts reflect on the challenges of marketing a unique product, emphasizing the importance of finding the right story and resonating with potential customers.
The hosts rationalize their pricing decisions, asserting that their costs reflect the quality and value of their product, and they express confidence in the value proposition they offer.
Deep dives
Kickstarter campaign and the effectiveness of ads
The podcast hosts discuss their Kickstarter campaign and the use of advertising to promote it. They mention that the ads did not work as well as expected and discuss their experience working with a Kickstarter advertising company. They note that they were hesitant to invest heavily in ads in the past due to uncertainty about their product's market and story. They also mention that they experimented with different ad strategies but did not see enough traction to justify a significant increase in ad budget.
The challenge of marketing a unique product
The hosts reflect on the challenge of marketing a unique product like theirs, emphasizing that it requires finding the right story and resonating with potential customers. They acknowledge that their product may not be an easy sell to a cold audience, as it deviates from traditional e-commerce. They also note that the lack of extensive social proof and reviews for their product adds to the marketing complexity. However, they express a willingness to explore marketing strategies and learn from their experience.
The importance of price rationalization
The hosts discuss the impact of pricing on customer perception, specifically addressing feedback they received about their product being expensive. They rationalize their pricing, asserting that their costs reflect the quality and value of their product. They point out that some customers appreciate the premium experience offered by their product and are willing to pay for it. They express confidence in their pricing decisions and the value proposition they offer.
The process of brainstorming and choosing product names
The hosts share their approach to brainstorming and selecting product names. They mention that they start by generating lists of words and ideas and then researching potential names. They discuss different naming strategies, including names related to functionality, appearance, or simply choosing a name that fits well. They highlight the importance of considering how a name resonates and avoiding potential conflicts with existing names. They also mention using AI chat tools for idea generation and summarization.
Myke asks Tom and Dan about how the Keen campaign is going so far, and about the feedback they have received. They also discuss how they came up with the name “Keen.” Then the three lads chat about the St. Jude fundraiser, and give details on the Thoroughly Considered raffle for a special Mark One pen.