So you’ve spent a year building your awesome software or product. It’s ready for prime time. Now what.
May 26, 2015
Durham’s Digital Marketing Foundry Launches
Meet the man bringing digital marketing education to Triangle entrepreneurs
Customers and users. You desperately need customers and users. And quickly those two words a part of almost every startup’s someday plans come into play—digital marketing.
Digital marketing matters because 61 percent of global Internet users search for products online, and that’s especially the case for high-tech customers. Social media is proving to be 100 percent more effective than outbound marketing at turning leads into customers, and content marketing three times as good at generating those leads to begin with.
Yet there are so many options out there. Facebook and Twitter ads. Blogs and content marketing. SEO and Google AdWords. YouTube videos (which you hope will go viral). And it’s all intertwined with analytics. Most options cost money and all take time. So how to navigate all this? How do you know what works and what doesn’t? For a startup, what is the best use of very limited funds and very critical time?
It was this increasingly common dilemma within startups accelerating through The Startup Factory that prompted the creation of the Digital Marketing Foundry, a first-of-its-kind training program for digital marketers and entrepreneurs. The company, funded by TSF’s two partners, Capitol Broadcasting/American Underground and its founder Corey Post, launched late last month, and its first classes—Introduction to AdWords for Business and Total AdWords for Business—begin in two weeks (June 9 and 11) in a classroom in the American Underground at Durham’s American Tobacco campus. The vision is to master the business model and student experience in the Triangle before taking the foundry to other cities in need of similar programs.
He landed his first job out of business school at Landmark Communications, owner of Weather.com. He was in charge of online for its community newspaper division as the company transitioned its focus from print to digital. He went on to work in digital marketing related roles at Los Angeles-based software-as-a-service companies Cornerstone OnDemand and LegalZoom, learning all the tactics for creating explosive digital growth. But his family was on the East Coast, so in 2012, he started a consulting firm called Agile Leverage, moved to the Triangle and began mentoring the TSF companies in addition to helping his own clients.
Some of his best examples of the power of digital marketing include a LegalZoom user-submitted video contest that generated thousands of video testimonials about the company’s services, which it then used as content to market, and a Cornerstone AdWords campaign that increased the bottom line by a seven-figure dollar amount. Here’s a local example of his work—he assisted Shoeboxed with a Pinterest “Messy Desk” contest that brought in several thousand entrants.
“You adopt what works and discard what doesn’t work and that’s what gives new companies with digital baked in their DNA a huge advantage,” Post says.
Though Post has learned plenty about digital marketing over the last 20 years, he believes a big strength of the program is the fact that it’s a startup and must keep on top of the latest practices in order to market itself too. Much of the curricula will revolve around understanding digital marketing practices and channels, learning how to analyze what is working and what’s not and performing small tests to find the best solution for a particular business. He’s teaching most of the first classes but hopes to bring in other experts to expand the breadth of topics.
Those available through the summer range from four- to nine-week courses on AdWords and search engine marketing but Post plans to also hold two-hour or two-day intensive bootcamps. Costs will range from $50 for the two-hour option to just under $1000 for the nine-week course.
Key to the success of the program, he believes, is the commitment of Triangle startup community leaders and investors Chris Heivly and Dave Neal of The Startup Factory and American Underground to helping it grow throughout the region (He declined to share how much they’ve invested in the company.). A record of success will be critical too. Post hopes to report back on the accomplishments of the companies and students he trains.
“The learnings here you take back and over the next year or two apply to your company,” he says. “We’re teaching you both how to implement but also a system of thought around that implementation.”