4 Lies About Marketing That Tech Startups Need to Stop BelievingHere are four of the biggest lies about what makes tech startups successful, along with some marketing management tips.

ByDana Kachan

Opinions expressed by Entrepreneur contributors are their own.

You might be a seasonedmarketing leaderor entrepreneur, but each launch experience always teaches you new lessons. Because of that, we can recognize some imperishable truths and success myths embracing this niche. After advising dozens of startups in AI, smart home electronics, fintech, software development, product design and Web 3.0 industries all over the world, I would like to share some lessons that startup life taught me. In this article, I'll uncover four of the biggest lies about what makes tech startups successful, as well as a few marketing management tips.

Related:You Won't Grow Your Business Relying on These 3 Marketing Myths

Lie #1: More employees can handle more work

Although this statement seems absolutely logical, it's not always true. One of the biggeststartup mistakesis trying to save money by hiring more but "cheaper" specialists. Most of these startups end up with a big, yet unprofessional and nonautonomous team that can't even handle essential tasks. This decision leads to losing two vital resources — time and money.

From my experience,more professionalemployees can handle more work. Prioritize quality over quantity. With a few pros on board, you can manage more work, build stronger marketing and grow a startup faster so that it can afford to scale the team. To build a powerfulmarketing team从头开始,最好雇佣marketi强ng leader first. Even within a minimal budget, this person will help you hire the right people, recognizing true professionals from the crowd.

Lie #2: Create the hype, and the rest will follow

Creating the hypebefore the product launch seems like an obvious and necessary step for every startup. What can be wrong here? The hype itself is not bad. The bad is not being able to sustain it over time. Most startups work on the edge of superhuman abilities to deliver the best before the first important milestones, such as a product launch or crowdfunding raise.

It's a stage of the "promise" when the hype is based on the belief of the users and investors that the startup will grow up into an industry leader. Passing this stage, many startups sigh with relief thinking that the hardest part is over. However, the promise is nothing without implementation. Instead of strengthening marketing, focusing on product development and building relationships with the audience, teams start slowing down. Losing the hype is not as big of a problem as losingcustomer trust. You can start the hype up again, but rebuilding the trust is a more complicated process. Try to commit to your promises.

Lie #3: Product promotion is the top marketing priority

Investors usually pay particular attention to the startup's team when reviewing pitch decks. Even if the product concept feels raw and imperfect, the potential of the team can play a crucial role in convincing. A regular user has a similar way of thinking. People are more understanding of startups' mistakes if they trust the team behind the brand.

But are you sure your audience knows you? Although product marketing is undoubtedly important, there are other things you may want to market simultaneously. Many startup founders ignore the significance ofbuilding a personal brand. Unless you prefer to remain unpublic intentionally, working on positioning yourself as a thought leader can significantly contribute to the overall brand reputation. The same refers to the promotion of professional achievements and the track record of your team members. Make sure your audience hears about you from media outlets, podcasts, conferences, online events and social media.

Related:3 Marketing Mistakes That Kill Tech Startups

Lie #4: In startups, marketing sprints work only on paper

Young startup founders often don't take the concept of "marketing managementsprints" seriously unless it comes to software development. Of course, the startup life is way more dynamic than the life of established businesses and requires a lot more flexibility from marketing teams. However, it shouldn't harm themarketing strategyexecution — which means strict alignment with the weekly sprints and monthly plan. Without proper planning of the teamwork, building workflow pipelines and step-by-step implementation of sprints, the startup will continue to manage processes in the uncontrollable chaos that will quickly exhaust the team and make it irresistible to even the slightest amount of stress and challenges.

If you want to develop a powerful marketing team, gain customer trust, build a strong brand reputation and successfully manage the whole marketing process, don't fall into the trap of believing the four lies above.

Wavy Line
Dana Kachan

营销战略、创业顾问、公关咨询nt, Business Author

Dana Kachan is an experienced chief marketing officer, startup advisor, PR consultant, and author. Former CMO at BullPerks and GamesPad. She consulted dozens of tech startups in the US, UK, Singapore, Europe, and Vietnam. Collaborated with global brands like Google Assistant, Pipedrive, and more.

Editor's Pick

Related Topics

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

Too many entrepreneurs are counting too heavily on a company exit for their eventual 'win.' Do this instead.

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.

Business Ideas

55 Small Business Ideas to Start in 2023

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2023.

Data & Recovery

Get 1TB of Cloud Storage for Life for $119.97 With This Back-to-School Sale

This 1TB Cloud Storage Solution Is Only $119.97 for Back to School

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Leadership

This Common Leadership Habit Will Harm Your Credibility. Are You Guilty of It?

As leaders, we're always looking for ways to build credibility among peers and employees. But this easy-to-make mistake can ruin it in an instant.