How to grow a SaaS business | The Early Days by DULO (S3E1)
Description
Discussing growth marketing for entrepreneurs with Foti Panagio of Growthmentor (S3E1)
Foti Panagio is the co-founder of Growthmentor - a platform that connects founders and marketers with growth mentors. We were first introduced to Foti and Growthmentor thanks to Julian who is an active mentor on the site.
Growthmentor is Foti’s first attempt at entrepreneurship and in our conversation, we touch on a lot of topics around the early days. We go behind the scenes of the process of idea validation, transitioning from full-time employment to part-time entrepreneurship, the biggest challenges facing the business today, tracking key performance indicators (KPIs) and much more. As we go along, Foti shares a lot of useful resources, tools, and methods he uses to steer the growth of the business (check out a list with all the links below).
We also gave Foti the opportunity to ask you, our audience, to answer this question of the day: "What is your biggest pain point in growth [marketing] that you have right now?"
Topics we cover in this episode:
02:44 - Who is Foti and the origin of Growthmentor
05:20 - Previous startup experience
06:04 - Foti's first steps into solo entrepreneurship
08:40 - How Foti validated the idea for Growthmentor
13:50 - Transitioning from a full-time job to part-time entrepreneurship
15:00 - Balancing family and co-founder relationship with a spouse
17:15 - Splitting responsibilities between co-founders
18:50 - What's the current focus of the Growthmentor team
24:00 - Foti's current biggest challenge
26:40 - Timeframe to start monetizing
27:20 - What KPIs is Growthmentor tracking
28:22 - How are they tracking KPIs
31:15 - Plans for Startup Grind
32:36 - Nailing the elevator pitch
35:08 - Resources and techniques for starting and growing a business
37:27 - Delegating work to virtual assistants
38:00 - Following up with cold leads and personalized outreach
39:30 - Resources for growth marketing and performance marketing
40:22 - Future plans, targets, and ideas for the next 6 months
46:40 - How does Foti go around selecting mentors for the platform
50:00 - Foti's question to the audience: "What is your biggest pain point in growth [marketing] that you have right now?"
Useful Resources and Links:
Connect with Foti - twitter, LinkedIn
Check out Growthmentor
AdWords - Google's advertising platform, useful to run A/B tests
instapages - quick landing page creation
2018 Marktech Landscape Plan - overview of marketing technologies for 2018
Trello - project management software
Google Drive - document and cloud storage set of tools
IndieHackers - a community of entrepreneurs
Zest.is - marketing content aggregation
useloom - a browser extension that to share a recording of your screen with audio and video
UpWork - if you want to look for virtual assistants
woodpecker.co - automated cold emails and follow-ups