Author: Matt

  • Founder Fuel: What new markets or customer segments could you explore?

    Founder Fuel: What new markets or customer segments could you explore?

    The best markets and segments to explore are the ones that are adjacent with what you already have. The further you go the more you have to start from the beginning to find the audience and the less overlap you have with your existing marketing assets.

    Much more preferable to push into new markets by expanding at the borders.

    This land and expand type of strategy could be geographic, it could be demographic or it could be interest based.

    Now, the thought of how to be deliberate about this comes to mind. How do you align people and keep the focus on markets and customer segments that can be efficiently won? Tie bonuses to winning certain types of customers over others? Create visualizations of the data?

  • Founder Fuel: What inspired you to start your business?

    Founder Fuel: What inspired you to start your business?

    Inspiration comes from many places. The original inspiration for Psychedelic Water came from a desire to go after what a trend towards the opening up of psychedelics – how can we catch the wave with something in the comercial space. Delving deeper into the research revealed more reasons why there was a need for this product to be on the market.

    Other ideas come from trying to solve problems. How can I solve for cheaper housing? How can I design a more interesting e-bike? How do I apply AI to improve productivity?

    My current insipiration has gotten me to think about a blend of a holding company concept as a way to test out all the backlog of ideas I have. There’s so many things I want to be able to accomplish but not enough time or capital to. So I’m attempting to test the ideas out cheaply and quickly with a build in public approach and should anything prove useful, it can develop further under the umbrella of my company.

    I think at a more fundamental level, I like to start businesses because I’m attracted to uncertainty. Life is more interesting when you are dealing with a level of not knowing everything. There’s always more to learn, always new situations and people to interact with. Ideas are everywhere and it’s just too compelling to not explore them.

  • Starting Daily Founder Fuel

    Starting Daily Founder Fuel

    This past week, I had an idea for an app. This idea came from an impulse to jot down some thoughts about my business challenges and how they needed to be written out, journaled, thought through, and developed further. I wanted to incorporate this into a daily practice, recognizing the value of writing. Everyone knows that through writing, ideas become more concrete, real, and memorable, as well as easier to share. So, writing was on my mind as I considered how to approach this.

    I also wanted to maintain a balanced approach to my thought process. Some days are for strategic thinking, others for sales processes, numbers, finance, long-term growth, or professional development. As a founder or entrepreneur, it’s crucial not to fall into old patterns of focusing only on preferred areas but to address all necessary aspects that might otherwise be neglected. Having a structured approach ensures a balanced distribution of thoughts and developing ideas, preventing a single-minded focus and fostering a holistic view of the business.

    I began searching for journaling apps tailored to entrepreneurs, addressing their specific concerns and questions to improve their business and life. Most journals available are generic, catering to a wide audience with personal goals and life thoughts. I wanted something more specific to business ideas. While I enjoy writing on paper, a physical book can be easily forgotten. To counter this, I decided to create an email newsletter that would appear daily, ensuring it remains visible and part of my routine. This way, it consistently prompts daily reflection without being easily hidden or forgotten.

    After collecting journaling prompt ideas and quotes, I realized many turned into homework-like tasks, which, while interesting and fun, also served as valuable exercises. Questions about handling team conflicts, delegation, sales tactics, personal skill development, team motivation, and defining unique sales propositions kept me engaged. These prompts helped test my clarity of thought and understanding of various business aspects, ensuring I stayed sharp and well-rounded in my approach.

    Seeing a need for such a resource, I launched a website, dailyfounderfuel.com, and created a newsletter signup so everyone could try it. I populated it with prompts scheduled out for the next several months. This experiment required minimal effort and low cost—around $40 initially and $10 monthly for email service, domain, and hosting. This small investment sets up an ongoing experiment to see if there’s interest in such a resource. If successful, I’ll have a valuable list of entrepreneurs and founders. If not, it’s a learning exercise. Either way, it’s a worthwhile endeavor. If this sounds interesting, check out dailyfounderfuel.com and sign up.

  • Copy My AI Assisted Content Strategy

    Copy My AI Assisted Content Strategy

    Getting and growing attention is the core of any marketing strategy. But standing out is harder than ever when everyone is equipped with high quality cameras, microphones and great software.

    Today I’m going to tell you about how I’m leveraging AI to accelerate the production of short form video content that I’m cross posting to TikTok, Instagram, Facebook and YouTube.

    When thinking about producing short-form video here’s what I consider important:

    Develop a format and style that can repeat. This reduces the amount of decisions that need to be made and streamlines the production. It also makes the videos more binge-worthy, since people who like one will be highly likely to enjoy the other videos.

    The structure should have a strong hook – most videos on these platforms have 1 second to grab your attention. If you manage to keep 50% of people past the 3rd second you’re doing well.

    Make the content valuable – entertainment value or educational value. High value content is more likely to get shared

    Don’t spend too much time/money on producing a short video. These things have a short life-span. Going super viral is a lot of luck so embrace “internet ugly”.

    Always be testing – use the short lifespan to your advantage – re-edit and re-post often. Remember, 90% of people who saw the video, didn’t watch the whole thing, the remaining 10% will have forgotten about it by next week.

    So, here’s a strategy I’ve started to use to develop a personal brand presence. I developed a structure for the videos that include (in my case) 5 stages:

    Opening/hook

    Conflict

    Escalation

    Resolution or cliffhanger

    Closing

    Then I add some additional constraints:

    Must be easily recorded with just myself and a phone camera

    very few if any props or setting changes

    no special effects required

    With the help of ChatGPT, I asked for help developing the first 10 video ideas that can fit this criteria and BOOM! There’s a list of concepts.

    Just a little bit of workshopping these ideas to turn them into short 8-10 line scripts.

    In my case I decided to have an AI character in my scripts. This adds to the complexity of editing. But it’s kind of fun, so here’s what I did for that:

    Use the voices from elevenlabs.io to generate the audio files. Interesting note here – The speech-to-speech AI option can match the tone and cadence but with another character’s voice – which helps with telling jokes.

    Used CapCut video editor – this is significantly easier to use than Adobe’s professional tools. It layers in the video with the extra audio track. A short video can be edited in less than 10 minutes.

    Take advantage of automated AI caption generation – they’re usually 95% correct and the timing is aligned for you. People often watch with the sound off – so captions are important.

    SEO is a part of the process with publishing videos. I use ChatGPT to help write a video title and description that matches the video and provides enough textual content for indexing the video.

    Putting this together and a bit of practice it’s possible to script, record, edit and publish a decent short video in as little as 15 minutes.

    If you want to see some of the results – subscribe to my YouTube channel

  • AI Video Personalization

    AI Video Personalization

    Let’s explore how AI continues to transform personalization and what that means for your business. This week, we’re focusing on personalized video.

    AI Tool of the Week: Maverick

    This week’s featured AI tool is Maverick, an interesting video personalization solution that enables sending a unique video to each person. Ideal for e-commerce DTC businesses (but perhaps also with sales), it offers an improvement in engagement with emails and an increase in ROI as a result.

    How-To:

    It’s surprisingly easy to implement Maverick’s custom videos into an e-commerce business. 

    Record the video – I think something low budget will feel more authentic. Have a spot so the first word is the customer’s name: that’s the hook that gets them to watch the whole video

    Record an audio script. It is used to train the model to match your voice.

    Integrate with your email automation/flow.

    Case Study Highlight: Dr. Squatch

    Dr. Squatch implemented Maverick and had a reportedly big improvement on their email engagement. Watch the video:

    AI News Roundup

    Video was big this week

    OpenAI’s Sora text-to-video model shocked everyone with the massive leap forward: https://www.youtube.com/watch?v=HK6y8DAPN_0

    EMO out of the Alibaba group demoed some fascinating progress for animating a photo with lip syncing and matching the emotion of an audio: https://www.youtube.com/watch?v=f_d-8BGIzPI

    Have questions or insights of your own? Reply to this email! I’d love to hear from you.

    That wraps up this week’s journey through the world of AI for businesses. Remember, integrating AI into your business strategies is not just about staying competitive; it’s about setting new standards of excellence and innovation.

    Share AI Commerce with your colleagues or network, and help build a community of AI-savvy professionals. Got feedback or want to see a specific topic covered? Let me know!

    Until next week,
    Matt Warren

  • Launch with AI: The Agile Path to Success

    Launch with AI: The Agile Path to Success

    Maybe the algorithm is trying to tell me something, but I’ve heard a concept from multiple different people, in different ways over the last few weeks:

    “Now Not How” – Noah Kagan

    “Press Publish” – Colin and Samir

    “Do It Now” – Brian Tracy

    “Done is better than Perfect” – Sheryl Sandberg

    “Start Before You’re Ready” – Marie Forleo

    “Ready, Fire, Aim” – Michael Masterson

    “Be Demand First, Not Supply First” – Jason Cohen

    “Sharpen our ideas in the market; not in our minds” – Daniel Priestley

    Just Do it. But starting something new is daunting. There’s a million things that need to be done and limited time to do it in. So where do you start? You start with selling.

    Sell before the brand exists, before the domain is purchased, before the first line of code is written.

    Sales is the process of asking questions and finding out what people want. You get a commitment from them (often money, but could just be an email address) and then you figure out how to deliver.

    But this is a newsletter about AI. So I asked myself: Could AI take this advice and apply it in new and innovative ways to test demand even earlier, and reduce risk of failure even further?

    Yes, of course! What kind of AI Newsletter would this be if the answer was no?

    Some of best ways that AI can help de-risk a business or product as early as possible are:

    Critique and Refine Ideas

    AI is another voice to critique and refine ideas before presenting them to people. Ask what are the hard parts, what are the possible issues what are the steps to do it. Start your research with a chat. ChatGPT is often annoyingly positive, but the back and forth conversation can be a great way to help flesh out an idea, and discover things you hadn’t considered.

    Data Mining

    Some of the best business ideas are just improvements on existing products or services. Use AI to help comb through the competitors and find their pain points. What are the most important improvements that could give you an edge? AI can be great at helping with data analysis.

    Do More Yourself

    AI enables you to get more done yourself before needing to pay others. Get some initial copy written, gather some pain points and counter points for them, get brand ideas, color schemes, or suggestions about how to find and contact the target audience for your new idea.

    Faster to MVP

    When it is time to build, Auto-code, no-code solutions and AI tools make it easier to build a Minimum Viable Product. Use AI to think of brand names, domain names, or generate logos to bring your idea to life.

    Craft your best message

    Write better cold openers, more convincing emails, stronger arguments – not sure how to ask people to buy? Get some AI advice. You can get help building landing pages or writing video scripts. Because, how you present an idea can be more important than the idea itself.

    Do you have an idea? It’s never been easier to develop an idea and make it real. With social media it’s never been easier to connect with people and build an audience.

    With AI by your side, there are fewer excuses.

    “Act Now, Build as You Go.” – Matt Warren

  • The Importance Of Email Segmentation For Your Campaigns

    The Importance Of Email Segmentation For Your Campaigns

    Email segmentation is going to be a sexy topic in 2024. But perhaps you don’t believe me yet.

    Email segmentation helps you sort your subscribers into different groups. For e-commerce this is critical. Not all contacts are at the same part of the journey with your brand, and not all benefit from the same messages.

    Sending poorly targeted emails does considerable harm to your ability to contact your customers in the future. Doubly so as inbox providers like Google and Yahoo clamp down on spam to reduce the amount of noise in people’s inboxes. An unopened and unclicked email is a signal to Google that you send bad emails. Don’t train Google’s spam filters this way.

    Send the right email to the right person.

    Email is not dead. Email has been the biggest driver of growth and revenue for most businesses. It is the audience that you have the most direct control over. Unlike social media followers, email is less likely to be blocked due to closed accounts or algorithm changes.

    Email continues to grow. Here’s some stats:

    Segmented emails drive 30% more opens and 50% higher CTRs than unsegmented ones

    Email drives an impressive ROI of $36 for every $1 invested

    81% of B2B marketers say their most used form of content marketing is email newsletters

    there are 4 billion daily email users globally, expected to climb to 4.6 billion by 2025

    38% of brands are increasing their email budget, just 10% are cutting.

    Today, marketers use AI for emails to help in the writing of copy. Crafting a better subject line is something AI is great at. Great copy can help engage more readers to open and click. But it’s only part of the equation.

    Using AI to segment your contacts opens many new possibilities. Advanced segmentation is hard data analysis and as a result mostly a tactic used only by sophisticated marketing teams. AI democratizes this kind of analysis. It helps even smaller brands focus their marketing at the people most likely to appreciate it.

    AI has the ability to take what would be complex software logic and turns it into the business question.

    Given a customer profile you can ask questions:

    has this customer churned?

    does this customer like to use coupons / are they price insensitive?

    do they live in the North East?

    is this customer a VIP?

    Each of these questions could be answered with various logical checks – written in code, or implemented in spreadsheets. AI models like GPT-4 can answer if provided with english.

    It won’t be long before solutions like this are scaled up and available to email marketers for defining segments.

    If this is something you find intriguing lets connect – I’m looking for beta testers for case studies. Let me segment your customers for you! I’m accepting 5 test clients to run this system with and prove it out.

  • AI Unleashed: Transforming a Neglected Twitter Account into a Viral Sensation

    AI Unleashed: Transforming a Neglected Twitter Account into a Viral Sensation

    How much AI is too much AI? When have you gone too far?

    This is a story of how I used AI on Twitter and what it taught me about posting AI generated content.

    In April of 2023, AI generated images were just getting good enough to blur the line of easily identifiable as AI generated. The quality passed a threshold to be more useful.

    I had the idea of using this new capability to re-invigorate a neglected Twitter account. The plan was to post 3x a day, using AI to help write and provide images for the posts. It would take less time, and I’d batch up and schedule a week of content at a time. 7 days times 3 per day = 21 posts created every Monday morning. I’d try to keep the time commitment for this below 2 hours per week.

    To be fully transparent – I used my personal account to comment about how each post was created, and share more information about the performance of this test.

    So what happened?

    325k impressions over 60 days of experiment

    This took what was an account that reached zero people, and instead we reached over 300k people with our brand. Considering the only cost was my time it seems like a decent return.

    However, you’ll immediately notice that big spike. This was a learning moment. Twitter’s algorithm is not geared towards discovery like TikTok – it’s not easy to ‘go viral’ with a post unless you have a big follower count.

    You can see that the posts from April 1st up to mid April received just a trickle of engagement.

    While the increase in posts saw an increase in impressions as a result (and no complaints) our organic reach was limited by our follower count. Around April 20 the strategy shifted.

    Instead of posting to the public feed, I’d spend most of the time going after trending topics and conversations. Jump into the replies with a relevant on-brand take that contributes some fun into the conversations that were already happening.

    Lesson: Use social media to be social.

    Tapping into the attention that already exists proved to be a 10x multiplier. In contrast, yelling into the void and expecting someone to hear is not a great strategy.

    The great thing is that AI enabled a much broader set of conversations than I could have handled on my own, and add a comment or graphic that was more on point and stood out. I could jump from a reply about what happened at the Oscars and then right into a science question before dropping some heat on a live play-by-play of the NBA game.

    AI can fill in the knowledge gaps about who the actor is, what position the player has or parsing some research paper while also mixing in jokes and adding creative flair. It’s super-human, and a great example of how a person with AI can do better than either on their own.

    Using an LLM to ask “What is an on-brand response to this tweet: XXXX” was all that was needed to get the inspiration for a quick reply. And if it made sense – “Write the description of an image to go along with that reply” which could be converted into an image in a minute or two.

    With this kind of workflow, I could write more timely, more engaged and more relevant replies. Instead of 200 impressions on a post, some of those replies got 10,000+ impressions by grabbing the attention of bigger accounts.

    This is how I used AI to wield social media with super-human skill.

    If you liked this story – please share it with your social media manager.

  • The Time I used AI to Personalize 458 Marketing Emails

    The Time I used AI to Personalize 458 Marketing Emails

    When the hype of GPT-3 landed and everyone was proclaiming that AGI was around the corner and Minority Report style targeted advertising was almost possible, I wanted to see what was actually doable.

    So I did, I grabbed data about a small subset of customers, and wrote a script that would use OpenAI’s APIs to write a custom email to each and every person. Hundreds of personalized emails materialized in a matter of minutes, and I used Klaviyo’s APIs to push these custom blocks of text to the subscriber record in the email platform.

    Would these emails avoid getting considered spam due to having more unique text in them?

    Would they avoid the promotion filters if they were written to be more personal?

    I pressed send, and it worked.

    Did I try it again? No.

    Not because the results weren’t there, but because it was so tedius to do.

  • 3D Printing: is it Worthwhile?

    3D Printing: is it Worthwhile?

    I got my hands on my first 3D printer back in 2018. My goal was to use it to enable a couple projects that I had in mind but which I had hit a wall and unable to build them with the tools I had. The 3D printer was supposed to unlock a world of making things that don’t exist, and bringing ideas to life.

    Over the last 3 years, I have printed a lot of things. The 3D printer gets more use than the paper printer in my house. That’s a great accomplishment.

    some of the 3D prints have stood the test of time:

    • custom printed house numbers
    • A decrative doorbell cover
    • SD card storage box
    • soap tray
    • storage organizing bins
    • various wire management clips
    • decrative moon light (test with lithophane)
    • mounts for Alexa and Google devices
    • special organizing hooks and trays

    Lots of other projects were fun to build, and educational:

    • RC boat
    • mini geodesic dome
    • glider model

    Many of these projects just would not have happened without a printer in the house.

    Keeping it in mind is an important step to get the most out of tools like a 3D printer. I follow several social media accounts and Youtube channels that focus on 3D printing and it helps spark projects. If the ideas aren’t coming at you, it’s very difficult to see problems in real life and imagine how a 3D printer will solve that for you.