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- Turing's Tofu #31
Turing's Tofu #31
šļø How to Stand Out: AI, B2B SaaS Growth, and Personal Goals with Andrew Mounier
Turing's TOFU: AI-Driven SaaS Growth
Curated by Andrew Mounier
Hey there,
After a very hot and humid vacation in Texas, I'm back and ready to dive into another edition of Turing's TOFU. It was wonderful to reconnect with family and reflect on the fleeting nature of time, especially watching our two-and-a-half-year-old experience new adventures. Now, it's time to shift gears and bring you the latest insights and actionable advice.
Our highlights include breakthroughs in AI from industry giants and some fantastic tools that can elevate your marketing strategies. Make sure to delve into the Marketing Moments section, where I share key takeaways from my recent conversation on the AI Tool Report Podcast with Liam Lawson. We explored the importance of building authentic relationships, leveraging AI in marketing, and how to balance personal projects with career growth.
Additionally, donāt miss the teardown of Subscript, revealing critical strategies for managing subscription businesses and improving performance.
Let's dive in and make this week a productive one!
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Table of Contents
š° This Week in AI & SaaS š°
Bing is embedded with generative AI capabilities by Microsoft, which gathers and consolidates information from different sources, saving users the hassle of searching and scrolling through multiple sites for what they want. Read more.
Apple users with an iPhone 15 Pro or iPhone 15 Pro Max can sample 5 of the Apple Intelligence features (whilst itās a beta), including tools for writing, an AI-powered Siri, AI-driven mail and more. Read more.
OpenAI joins the search engine race, announcing Search GPT, which has the capacity to draw from a wide range of sources, and give answers to users in real-time. Read more.
šTuringās Top Picks š
FEATURED TOOLS
Contentful: Contentful is an AI-powered content platform thatāll multiply your outputs by increasing the pace of creating quality, visually-pleasing and versatile content. Try it.
Coachit: Coachit is an AI-assistant that integrates a suite of features so you donāt need to go elsewhere, centralizing tools for image generation, voice-overs, SEO, writing tools and more! Try it.
PixieBrix: PixieBrix is an AI-tool primarily designed to streamline your workflow and boost your productivity. Try it.
Read of the Week:
Dear SaaStr: What Should I Look For in a 30-60-90 Day Plan for My First VP of Sales?
A great VPS will increase close rates in her first quarter. So Iād hope by Day 90, sheās closing at a faster rate than Day 0. Even with the same # of leads, same lead velocity.
Learn the green and red flags to lookout for, as well as what you should expect to see in the first 90 days of having a new VPS, from SaaStr founder Jason Lemkin.
š” Marketing Moments with Mounier š”
This week, I had the pleasure of joining Liam Lawson on the AI Tool Report Podcast. We got pretty personal in this discussion but also dove into scaling B2B SaaS businesses and the transformative power of AI in marketing. Here are some core insights from our conversation.
Building Authentic Relationships
One of the most profound lessons I've learned in my journey through B2B SaaS marketing is the power of relationships. Success isn't just about having the best product; it's about the people you connect with and the trust you build. From startups to scaling organizations, maintaining these connections has been crucial. It's more important to be a good person and build genuine human connections than to over-analyze every move.
My Path from Political Science to Entrepreneurship
My transition from political science to entrepreneurship was driven by necessity and passion. I needed to pay for college, so I started creating websites and marketing plans. This hustle ignited a shift in my mindsetābalancing work with personal interests, and eventually leading me to help companies scale to hundreds of millions in ARR. It's a testament to how unconventional paths can lead to incredible opportunities.
Balancing Personal Projects and Career Growth
One topic we touched on was the delicate balance between personal projects and career growth. It's essential to find motivation in building the world you want to live in. For me, this means working with amazing people and pursuing personal projects alongside my career. Whether it's launching a climate tech business or creating a mindfulness retreat, these endeavors keep me grounded and inspired.
The Importance of Hiring the Right People
Hiring is more than just finding someone with the right skills. It's about looking for candidates who align with your company's values and involving your team in the interview process. Empowering your team and hiring people who are better than you in their core areas of responsibility fosters a culture of learning and growth. It's servant leadership in actionāsupporting your team to achieve great things together.
Leveraging AI for Social Media Marketing with Lately
At Lately, we harness the power of AI to analyze historical social media posts and create effective content strategies. Our AI-driven tools, like video editing and scheduling, streamline social media management for franchises and local businesses. But the key is authenticity and personalization. AI helps us craft content that resonates, but it's the human touch that makes the interactions meaningful.
The Future of AI and the Importance of Upskilling
AI is rapidly transforming industries, but with this transformation comes the potential for job displacement. It's crucial to stay ahead by upskilling and adapting to the changing landscape. Embrace AI as a tool to enhance your capabilities, not replace them. This mindset will keep you marketable and relevant in the future.
Personal Goals and Building a Better World
One of the standout moments of our chat was discussing my personal ambitionsālaunching a climate tech initiative, owning a farm, and creating a retreat dedicated to mindfulness and human connection. These goals aren't just dreams; they're actionable steps towards building a better world. They drive me to think differently, embrace innovation, and take meaningful actions.
Challenge to You
So, hereās my challenge to you: Think differently. Embrace innovation. Take actionable steps towards your dreams. Whether it's leveraging AI in your business or finding new ways to connect on a human level, the future is yours to shape.
š¾ TOFU Quick Bytes: Subscript Teardown š¾
Subscript teardown
Founded in 2020, Subscript is a software company that allows users to understand and manage subscription businesses, offering tools to track and analyze financial data and performance metrics, to facilitate growth.
Strategy overview:
Subscriptās primary target market is subscription-based businesses, operating in the B2B SaaS space.
Performance Analysis:
How have they achieved this?
Critical Teardown:
What does Subscript do well?
Personalized content: Using AI-driven tools, Subscript tailors content - such as messaging - to individuals based on user behaviors and preferences, making it relevant to increase engagement.
Automated processes: Users have complimented Subscript on the āintuitiveā nature of their AI-powered service, and its ability to automate a lot of time-consuming processes, which is great for streamlining workflows and boosting productivity.
Excellent customer service: Multiple users have commented on both the rapidity of responses received from the customer service team when theyāve experienced issues, but also the excellent quality of it, improving customer satisfaction.
What doesnāt Subscript do well?
No social proof/case studies: Although they have testimonials on their homepage, Subscript could incorporate detailed case studies with reputable sources, including key performance metrics, to demonstrate how their service has specifically benefited the business and build trust with prospective customers.
Minimal Organic Traffic: Subscript is only getting around 1k organic visitors per month to their site. More than half of that traffic is driven by their brand name. Which means the searcher is already familiar with the company and isnāt really a net new prospect. Even though they have a decent number of keywords ranking - many of the keywords are irrelevant and not driving any visitors. The only page besides the homepage that is getting any organic traffic is a top of funnel piece discussing CARR versus ARR. Subscript should double down on MOFU and BOFU pieces to create more authority in the space.
Learning curve: As itās a startup, Subscript has a few creases to iron out - such as minor bugs that have appeared as early adopters, and the currently limited custom charting.
AI integration
Automated data extraction: Subscript uses AI to automatically extract and categorize financial data from various sources, ensuring that the information is accurate.
Predictive analytics: By using machine learning algorithms and analyzing historical data, Subscript can predict future financial trends and offer companies valuable insights to inform their strategies.
Anomaly detection: Subscript uses AI algorithms to locate anomalies or strange patterns in data, which could signify greater issues that need further attention.
Key takeaways:
Use AI to predict future trends and give you valuable insights.
Focus on delivering consistently excellent customer service, with rapid response-times, and make your customer into a walking-advertisement.
Include detailed case studies from influential people who have benefited from using your service, in an easy-to-find place on your website. Use performance metrics to give prospective customers a clear view of your serviceās value.
Increase organic traffic efforts by focusing on prospects further in the buying journey. This means leaning on MOFU and BOFU pieces.
Use AI to analyze past interactions with users, behaviors and create content that is tailored to their interests, making it relevant and engaging for them.
What campaign or content marketing strategy would you like to see torn apart, next? Let me know!
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