Daily Edition · Page 7

THE DAILY INDEX

Technology, AI, software, security, crypto and business

NEWS & TRENDS

TLDR Marketing

BIDEN SIGNS TIKTOK ‘BAN' BILL INTO LAW, STARTING THE CLOCK FOR BYTEDANCE TO DIVEST IT

President Biden has signed a foreign aid package that includes a bill that will ban TikTok if China-based parent company ByteDance fails to divest the app within a year. The company plans to contest the law in court, arguing the law is an infringement on the constitutional rights of U.S. users. Uncertainties linger over China's reaction and whether it will even allow a potential sale.

PRODUCT-SPECIFIC RETENTION STRATEGIES FOR BIG WINS

Lisa Kennelly, Global Product Marketing Strategist at Klarna, breaks down the importance of personalized retention strategies tailored to individual user needs rather than generic approaches. She advocates for A/B testing to refine tactics, collecting insights through surveys and AI tools. She also stresses the significance of distinguishing between retention and activation issues. Actively gathering feedback during cancellation processes is highly effective for extracting insights for retention tactics.

REDDIT ADDS DYNAMIC PRODUCT ADS TO HELP BRANDS REACH SHOPPERS IN THE DISCOVERY PHASE

Reddit has become a more common destination for product search. People now add “reddit” to their Google Search queries to get more honest takes, as opposed to trusting testimonials on product sites. Reddit's Dynamic Product Ads allow advertisers to showcase their items within related subreddits. These ads auto-populate in real time, using images and pricing info from advertisers' catalogs. This feature is currently available in public beta.

HOW SQUATTY POTTY USES BUYER PSYCHOLOGY

Squatty Potty developed a solution to a very common problem, but the issue was no one wanted to talk about going #2. With its early marketing, the brand was able to turn a taboo topic into a product people can't stop talking about. Squatty Potty's unconventional “Dookie the Unicorn” ad used humor to educate the audience, which resulted in over 400 million views and a 600% increase in online sales. The brand illustrates the potential health issues linked with traditional toilet posture, which effectively frames the product as a necessary solution. Squatty Potty also legitimizes its offering with authority by promoting its support from doctors and medical studies.

8 REASONS WHY POTENTIAL CUSTOMERS DON'T BUY

This post explains 8 common reasons why leads don't convert to buyers, as well as solutions for each. If potential customers aren't feeling enough ‘pain' with their current solution, highlight the negatives of the status quo. If they think they don't have the resources to cover the purchase, highlight the ROI of your solution and show how it pays for itself. If they think their current approach is working and are afraid of failure by changing it, quantify the status quo to show them how it's not working.

INSIDE CLAY'S PATH TO MANAGING 100,000,000+ RELATIONSHIPS

Clay is a tool that helps users be more thoughtful with their relationships. It attracted over 100M customers, including users from half of the Fortune 500 companies. In this piece, the co-founder shares details about the growth journey and key learnings. Tactics used include gathering extensive feedback before starting to develop the product, focusing on organic growth by leveraging platforms like Product Hunt for targeted launches, and pivoting to serve teams as well as individual users.

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