Startups, by definition, are in pursuit of growth. Getting traction is proof that you have customer demand—that your company is taking off.
The 50% rule of startups says that you should spend 50% of your time on product development and the other 50% on building traction. Why? Because you need to gain traction—before, during and after product launches—to survive as a company.
Without any early traction, you could run into these 4 scary scenarios after building your product:
Traction brings you cold customers who can provide you with valuable feedback during product development. This will protect you from the 4 scenarios above.
Before deciding which marketing channel you’ll focus your efforts on, you’ll need to set a traction goal. What numbers mean valuable growth to you?
Product development can be divided into three phases:
As you advance through the phases, your traction goals and strategies will change.
If you don’t see initial traction, don’t be so quick to give up. Look for any signs of real engagement among your user base. If you can find something, it’s worth continuing.
You may also be a couple years ahead of the market if your product is an emerging technology or unknown invention. In that case, you may have to stay in the game for a year or two before truly gaining traction.