Superangel is proud to have a Superangel Insights session with Hedi Mardisoo, co-founder and CEO of Cachet.
Hedi is among TOP15 women to watch in European fintech by Sifted and her startup Cachet is listed as a future unicorn prediction by prominent Estonian investors. She is going to share insights on building a network of 120+ key people and using it to prepare for a market entry.
Thank you Hedi for an insightful session! Best of luck building Cachet!
We’re excited to host Meeri Rebane in the Superangel Insights session on ‘How to Skip Your Backyard and Launch in Big Markets’. Meeri is the CEO of INZMO, the #1 insurance startup to keep an eye on in 2021 according to Business Insider.
“Startup founders have to think about the next fundraising every day. To do that, you need to think what kind of traction gets you there.”
Thanks Meeri for a great discussion! Best of luck achieving your 10M€ revenue goal for 2021!
If someone told you the first step to increase revenue is to understand human psychology, what would be your first reaction? You’d probably think it’s vague. Alright, let’s get more specific. 95% of the decisions humans make are subconscious. Moreover, the attention span is very short: first impressions are made within the first seconds. Now think about your first customer acquisition channel – what would you change knowing this information?
Superangel Insight session with Kristel Tuul, a data-driven growth marketing expert was all about hacking human psychology and turning it to your advantage for nailing conversion . You’d be surprised how much digging into human behaviour can change the way you want to present your acquisition channels. The original webinar or a podcast are available to follow how Kristel thoroughly analyses the website of GDPR Register and VideoCV. Be prepared for a session packed with practical information you can implement already today.
When potential customers land on your page, they behave differently depending on their awareness level – they may be unaware that the problem exists in the first place or they might already know your brand. Regardless, there are effective ways to optimize the acquisition channels to ensure the conversion of high-quality leads.
Firstly, put on your customer hat and run two tests, 5 and 30 second test, which allows you to understand how well your page communicates your messages. How does it work?
5 second test – watch the page for 5 seconds, close the screen. Ask yourself:
Following the 5 second test, you should run the same procedure but this time at least 30 seconds or as long as you’ve managed to cover the content. Now ask yourself:
Pro tip! This practice works well as a funnel: start from your ads and continue with the landing page, product page etc. The best outcome comes when you run this exercise on a selection of people at your target group or even at a coffee shop to get a fresh opinion and input – experience shows the discoveries are 2x better with strangers.
Here are some practical tips to maximise impact:
Have you ever clicked on an ad and realised you’ve ended up in a completely different place than you expected?
Most probably you left the page the same very moment. The same happens to your customer if you ignore the mere exposure effect – a tendency to develop preferences for things simply because we are familiar with them. In practice it means that the more you perceive a certain message, the more likely you’re to rate it positively and trustworthy. Thus, all messages in your funnel should support each other. Create familiarity through channels and avoid conflicting messages. It does not mean repeating the same message several times on the same web page
Getting live feedback from your website visitors and customers is the best way to hack what works well and what you are currently missing. Using questions like ‘what are the limitations of the current solution’ and ‘what matters the most for you in a solution’ is a great way of reaching the customers who are hard to interview. Use your customers also to optimise your tag line and value proposition: what are the 3 adjectives they use to describe your company/product and how would they persuade a friend to start using your product? It’s likely the answer is different to what you thought was important.
Select active channel as first (e-mails, LinkedIn) and passive channel as second (SEO, content creation, word of mouth). Within these channels, constantly learn why something is working or not working – don’t just copy something from your competitors website that looks nice. You cannot be sure whether the conversion works or not. Instead, focus on your biggest growth opportunity by continuing visiting your prospects and customers for their input.
If you’re keen to learn more, check out these resources:
Books & online materials mentioned:
This article is from a series of sessions between Superangel and brilliant experts & entrepreneurs on the most relevant topics for early stage startups.