What does initial traction mean?

What does initial traction mean?

Traction means having a measurable set of customers or users that serves to prove to a potential investor that your startup is “going places.” The tricky part is actually gaining that traction and knowing when you have enough to approach potential investors, so here are a few tips that should help.

How do you get initial customers?

Here are some smart strategies you can use to identify and attract those critical first customers.

  1. Make a list.
  2. Look for referrals.
  3. Work your network.
  4. Show it off.
  5. Attend industry events.
  6. Team up with other business owners.
  7. Build an online presence.
  8. Spread the word on social.

How do businesses get traction?

How to get traction for your business or a startup

  1. Thoroughly research your intended market and industry.
  2. Create an airtight business plan that attracts investors.
  3. Leverage alternative data sources for decision making.
  4. Refine your product or service with public sentiment.
READ ALSO:   What is the grandmother of the queen called?

How do you find initial sales?

Here are the 10 most effective tips to get your first sale

  1. 1- Send Samples to Relevant Influencers.
  2. 2- Start A Blog.
  3. 3- Interview Influencers On Your Blog.
  4. 4- Sell through Multiple Online Channels.
  5. 5- Send a Newsletter.
  6. 6- Offer Discounts and Coupon Codes.
  7. 7- Ask Friends and Family.
  8. 8- Optimize Your Site for Search Engines.

How do you validate a startup idea?

10 Ways to Rapidly Test Your Startup Idea

  1. Write down your product concept.
  2. Decide.
  3. Most of what you write down are assumptions.
  4. Find the truth by getting out to test your assumptions.
  5. Start with your network.
  6. Interview your customers.
  7. Ask, “Why?”
  8. Find the value proposition.

How do you get traffic to your blog?

20 Ways To Get Traffic and Promote Your Blog

  1. Write more. Studies show that the more often you update your blog, the more traffic it will receive.
  2. Promote with social media.
  3. Write better titles.
  4. Know your niche.
  5. Include photos.
  6. Incorporate keywords.
  7. Incorporate links.
  8. Add social sharing buttons.
READ ALSO:   Is IEX a good buy?