Leanconf 2014 from simple facebook page to viable business by rossa shanks

Post on 05-Jul-2015

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The idea was to create a market/audience before building a product around them, in the leanest, quickest, cheapest, low-effort way. Our Facebook page got 40,000 likes in 2 weeks. Now we have over 500,000 Facebook followers around the world, early on we crowd funded £10,000 from those fans to build our initial website and have now raised a £300,000 seed round to go 100% mobile / international. The long story of the talk walks through: How to create a brand through understanding your 'why' (the reason you exist) - this enables initial traction. How we started with an MVP (in this case what we would call a Minimum Viable Proposition: our Facebook page). How we took that MVP globally through social (across 100 cities by leveraging the community and power of an idea). How we developed an MVP (our initial blog to start taking data (e.g. user emails) and understanding our user preferences). How we crowd funded £10,000 for free to build our next MVP (Minimum Desirable Product): our website www.greatlittleplace.com. How we are going about building our mobile MVP (what we would call our Maximum Desirable Product). And how we're turned a simple Facebook page into a viable business.

Transcript of Leanconf 2014 from simple facebook page to viable business by rossa shanks

Humble beginnings

Rossa Shanks @rossashanks

Start with why*

Why

How

What

*Simon Sinek

Why we exist:

To help people discover remarkable places and unforgettable experiences.

Start with why*

Why

How

What

*Simon Sinek

The traditional long and hard road…

We built our start-up a little backwards…

Minimum Viable Proposition

Glasgow 48k Amsterdam 46k Edinburgh 33k

Toronto 25k Melbourne 23kDublin 29k Newcastle 19k

Copenhagen 11k

London 248k

Utrecht 14k Manchester 11k Rotterdam 10k

Proposition/market fit

500,000

Minimum Viable Product

Minimum Desirable Product

An idea, still in search of the perfect product… A maximum desirable product.

Foursquare Time Out Yelp

A mobile matchmaker for the places you’ll love and things you’ll love doing.

Maximum Desirable Product

We’re testing our mobile MVP in

Dublin

UK & Ireland Bath

Birmingham Bournemouth

Bradford Brighton

Bristol Cambridge

Cardiff Chester

Edinburgh Glasgow

Lake District Leeds

Liverpool London

Manchester Newcastle

Nottingham Oxford

Sheffield Southampton

York Rest of Europe

Amsterdam Barcelona

Berlin Copenhagen

Madrid Moscow

Rome Rotterdam

Paris Utretcht

North America Austin Boston

Charlotte Chicago

Dallas Denver

Houston Indianapolis Jacksonville Long Beach Los Angeles

Memphis Miami

Montreal Nashville

New Orleans New York

Ottawa Philadelphia

Phoenix Portland

San Antonio San Diego

San Francisco San Jose

Seattle Toronto

Vancouver Washington

Australia Brisbane

Byron Bay Calgary

Melbourne Perth

Sydney etc.

How do we make money?

Community to Commerce

Embracing lean…

Avoid stealth mode Involve Customers IterateTest assumptions

The last city guide

Takeaways

Start with ‘why’. Find your raison d’être before your ‘what’. Brands are build on missions not minutae.

Think Leaner. An MVP doesn’t need to be a product. Great ideas know no bounds.

Be your first customer. Build something you’ll love and stick by brand principles you respect, and your first customers will become your marketing department.

Thank you

Rossa Shanks @rossashanks