Sahin Boydas
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What Works in Viral Marketing

What years of viral marketing work show about referral programs: why most fail, the incentives that work, and how to build a loop that spreads.

2024-07-068 min read580 words

Most advice on referral programs is outdated. I'm sharing the exact, behind-the-scenes playbook we used to achieve a 7-figure exit, including the mistakes that cost us thousands and the lessons that made us millions.

The Reality Nobody Talks About

A lot of the advice on viral marketing rests on assumptions that made sense five years ago. The world has moved on.

The first thing to understand is that the market doesn't care about your roadmap. I've seen this play out across dozens of companies. The pattern is unmistakable.

Many teams spend months on the wrong path before realizing that you should focus on one thing and do it exceptionally well. Once they make the switch, everything changes.

The Framework That Actually Works

Here is a simple framework for evaluating viral marketing. It's not complicated, but it requires discipline.

Step 1: the market doesn't care about your roadmap

This is where most people go wrong. They skip this step entirely and jump straight to execution. Don't do that.

Step 2: you need to move fast and break things

Once you have the foundation right, this becomes much easier. I've watched founders struggle with this for months when the answer was staring them in the face.

Step 3: Iterate relentlessly

Nothing works perfectly the first time. The companies that get viral marketing right treat it as an ongoing process, not a one-time project.

What I Tell Founders

Before deciding anything about viral marketing, start with three questions:

1

What's your timeline? Because the right approach for a company with 6 months of runway is very different from one with 3 years.

2

What have you already tried? Most founders have tried something. Understanding what didn't work is often more valuable than knowing what might.

3

Who on your team owns this? If the answer is "everyone" or "no one," that's your first problem to solve.

These questions seem simple but they reveal a lot about where a company actually stands.

This connects to broader themes around retention strategies, product-led growth, community-led growth, SEO for startups, content marketing that I've been thinking about a lot lately.

Wrapping Up

I've shared a lot here, and I know it can feel overwhelming. But you don't need to get viral marketing right on day one. You just need to get started and keep improving.

Founders who do well at viral marketing tend to share one trait: they're relentlessly practical. They don't chase perfection. They chase progress.

That's the mindset I'd encourage you to adopt. Start where you are. Use what you have. Do what you can. And keep pushing forward.

As always, I'm rooting for you.

FAQ

Frequently Asked Questions

Q:What's the most common pushback you get on this?

People often push back by citing exceptions or edge cases. And they're usually right that exceptions exist. But building a strategy around exceptions rather than patterns is a losing game for most founders.

Q:What experience informs this perspective?

This perspective comes from over a decade of building companies in Silicon Valley, two successful exits (RemoteTeam to Gusto, MovieLaLa to Gfycat), and investing in 234 startups including Anthropic, OpenAI, and Scale AI. I write about what I've lived.

Q:How has this view evolved over time?

My thinking on most topics has changed significantly over the years. Early in my career, I held many conventional views that experience proved wrong. I try to update my beliefs when the evidence changes.

Written by

Sahin Boydas

Serial entrepreneur, #1 angel investor, author of Becoming Top 1%

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