Fathom (YC W21) is hiring a TPM to prototype new AI features

Article URL: https://www.ycombinator.com/companies/fathom/jobs/r4HKk2W-product-manager-ai

Comments URL: https://news.ycombinator.com/item?id=40330610

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All About Substack: Competitors, Features, and Audience

Do you love to write? Draw? Create in any way? Do people tell you that you should try using your creative skills to make a living?

Do you shrug them off because you don’t know how to get started or because you don’t feel you have the time to commit to unpaid work? After all, many people get their journey started writing free content in newsletters and blog posts. 

That’s where Substack comes in. You get to write and get paid—even if you don’t have a following yet. 

If you’re curious to know more, stick around. I’m breaking down Substack and its many competitors to help you determine if this is the path for you. 

What Is Substack? 

What Is Substack

In 2017, Substack took the market by storm by allowing creatives, journalists, and bloggers to make money from their own email newsletters. Substack provides a way to build an email marketing list, write newsletters, charge subscribers, and manage payments. 

This platform offers an intuitive email creator that helps writers create interesting emails with links, images, content, and more. It lends itself towards all sorts of creators, including:

We will focus on writers and bloggers today, but you should keep this site in mind if you’re involved with comics or podcasting

You can begin using Substack for free. However, as you begin to build a following, you could opt for a premium option, running $5 to $75 per month.

When you use a premium level, you can charge your readers. Substack only gets paid when you get paid, taking a 10 percent cut. Stripe takes an additional 2.9 percent plus 30 cents. As you can likely tell, you need to have a solid following to make a decent buck on Substack. 

Even with that amount taken out, Substack has the potential to become a viable profit source.

Substack Features

Substack Features - how much money can you make with substack

At the core, Substack is an email marketing platform. Whether you choose to go the paid or free route, that’s up to you. Here are some of the ways that you can make use of Substack. 

Free Newsletters 

Using a free Substack newsletter is a great way to grow your brand, develop your voice, and build a name for yourself. If you don’t have a large following, this is a great place to start. Create valuable content for your small following and offer it for free.

Don’t use Substack in a vacuum; pair it with a website. This allows you to invite readers to your site using a CTA and potentially turn them into buyers. 

Paid Newsletters 

While a free newsletter has the potential to make you money on the backend, you can use paid newsletters to make money on the front end.

You can publish as many newsletters as you want, and there are little to no guidelines on what you can write. Remember that people will factor in how much value they’re getting based on how much you’re charging them. If you’re charging $75 per month but only publishing two newsletters, you may lose subscribers. 

If someone is willing to pay to read your writing, it means they want to read it regularly. Therefore, getting in the habit of publishing consistently is the best strategy. This way, the readers know what to expect, and you can plan accordingly. 

Who Is Substack’s Audience? 

The best thing about Substack is the wide variety of subscribers for you to tap into. The writers on Substack include journalists, celebrities, political analysts, food writers, world travelers, and more. Most of the writing you’ll find on Substack would classify as personal writing, opinion, or research and analysis. 

In the interest of transparency, Substack has experienced some controversy relevant to portions of its audience. Writers accused of transphobia, harassment, and other negative behaviors have found homes on the platform, as it isn’t heavily moderated. While your audience is your own and not tied to any other creator’s, this is something to factor in when considering how your particular audience may respond.

As for the audience, you have your choice of writing whatever it is you want because chances are, there is someone out there willing to pay to read your writing if it’s valuable. If you’re targeting a more niche audience, you may be able to charge more to a small set of subscribers because they need more resources. If you’re after a broader niche, you could charge less but reach more people.

You have the freedom to choose the direction you want to go with your Substack newsletters, but the options are nearly endless. 

3 Tips Using Substack for Marketing 

There is serious potential to make a lot of money and reach a lot of people on Substack, but you have to know how to do it. So, here are some tips for marketing on Substack. 

1. Start With Free Newsletters 

You can’t introduce yourself out of nowhere and expect them to subscribe for a monthly fee if they have no idea who you are. You have to provide something valuable. 

Eventually, readers could become enticed by your content and want more of it. Once you get to that point, start thinking about charging people. 

One of the biggest mistakes people make is moving from free to paid too soon. You need to be strategic, making sure your audience is genuinely engaged and would be willing to pay for your work. 

Even if you wait until the perfect moment, you may still lose followers. People used to getting something for free may balk when asked to pay. But, if you provide excellent content, have a committed following, and charge a reasonable price, you increase your chances of keeping the majority of your subscribers.

2. Have a Strong Offer

Offer more than a newsletter; give your subscribers something they can’t turn down. For example, you could have an exclusive social media group for subscribers or even offer one-on-one conversations or coaching, depending on your field. You could also offer subscriber-only discounts for any products you may sell.

Write to your audience and include a CTA to get people to click on your offer. This could be an excellent way to convert these hot leads. 

3. Consider Multiple Publications 

Substack allows you to have as many newsletters as you want—meaning you could have a free and paid version. This strategy allows you to continue to engage with your entire audience.

To get readers to move to your paid option, you need to offer a little bit more. Make the content more exclusive, valuable, and personal. 

You can also have multiple free publications if you want to spread yourself across a few different niches. For example, digital marketing is highly diverse with a variety of different subjects. So, you could have a newsletter about SEO and another about social media marketing, both driving readers to your website.

Substack Competitors 

There are a ton of Substack alternatives, so making a decision can be challenging. Let’s take a look at some of their biggest competitors so you can choose the platform that’s right for you.

Substack Vs. Ghost 

Substack vs. Ghost

The goal of Ghost is to help you build a loyal following to generate income you can rely on. As with Substack, you charge subscribers a monthly fee in exchange for your content.

What separates Ghost from Substack is the way they take payment. Ghost charges nine dollars per month and takes none of your revenue. This makes the platform highly scalable. You also get custom email addresses, domains, and access to a referral program. 

Substack Vs. Patreon 

Patreon is a subscription platform allowing creatives to charge for their work. The platform looks like a social media feed to users, and they get to scroll through the work of everyone to whom they subscribe rather than trying to go from place to place.

Patreon’s biggest perk is its tiered package option. You can provide people with various options to appeal to their budget and how much they want from you, all from one location. For example, at a $1 level, you could send subscribers one newsletter per week. At a $5 level, you could send them two newsletters or a newsletter and access to a video.

Patreon plans range from five to 12 percent of your monthly income plus processing fees of 2.9 percent plus 30 cents. 

Substack Vs. Medium 

Medium is well-known for being a haven for creatives who simply want to make their voices known, and much of it is free to access. As a bonus, Medium articles often rank pretty well SEO-wise.

If you upgrade to a paid Medium profile, you can charge for some or all of your content.

Rather than any kind of flat fee or percentage, Medium pays based on “reading time.” The more time people spend reading your content, the more money you make. You can also get paid by referring people to the platform through your unique code. 

Substack Frequently Asked Questions 

Here are some of the most frequently asked questions about Substack. 

Is it free to access Substack?

Substack is free to write newsletters and build a following on. It only costs money when you upgrade to paid and start to generate revenue from your subscriptions. 

Can I advertise on Substack?

Substack does not run ads. The only way Substack makes money is through their cut of subscription fees.

Should I make a Substack?

Only you can answer this. Do you have great content ideas? Do you have a small following that you can nurture and grow? If yes, starting a Substack could be a great way to grow that following and eventually profit from it.

Does Substack own your content?

No. You retain ownership of everything published on Substack. While you cannot export content out of Substack once you publish it, you maintain ownership even if you use a different platform later.

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All About Substack: Conclusion 

Building a following is not an easy task, and that’s why we offer assistance to marketers and creatives looking to build or grow their following quickly. 

Whether you’re going it alone or getting help, you need to be consistent and patient as you grow the following. Of course, building an email list is easier said than done, but with some hard work and focus, Substack could help you get your writing career off the ground.

What advice do you have for new writers wanting to build a following on Substack?

7 Tips to Highlight Product Features on Your Website

Whether your customers are shopping for tennis shoes or a marketing automation tool, they care about your product’s features. Features (along with price and design) are one of the main factors people consider when comparing products. 

Would you buy a computer without knowing how much storage it has? Or a pair of yoga pants without knowing whether they stretch? 

Despite their importance, many brands fail to make their product’s features clear on their websites—and that could cause revenue to drop. 

Your product’s features are massive selling points, so they need to be clear and compelling. Here’s how to get your product features right. 

What Is a Product Feature?

A product feature is a characteristic of your product that differentiates it from other products in the market. It could be how it looks (a design feature), how you can use it (a functional feature) or what it comes with (an added-value feature).

Let’s take running shoes as an example. The material of the shoe is a feature, so is the technology in the shoe. Both are highlighted in this example by Nike. 

Nike product features

What about a software product? 

Features typically center on the product’s functionality (what you can do with it), but they can also include integrations or data security. Slack’s feature page below highlights these types of features: 

Slack product features

Features don’t have to be unique to your product, though. As design, technology, and manufacturing processes evolve, some features become standard. You’d be hard-pressed to buy a smartphone without a touchscreen, but that doesn’t mean it isn’t a feature brands can talk about.

Whether your product comes with ten features or two, you need to be talking about them across your website including your product descriptions, landing page, and even your homepage. 

Make your product features clear so customers can easily compare you to your competitors. It’s even more important if your product boasts the best features in the industry. The more you shout about them, the more likely consumers are to take notice—and maybe make a purchase. 

7 Strategies for Highlighting Product Features

You know what features are, and you know why they’re important to include on your site. Now let’s look at seven ways e-commerce stores and SaaS tools can effectively leverage them. 

Include Social Proof

Talking about how great your features are is nice, but every other company does the same thing. Even if your product features are superior, customers may not believe you. After all, only one-third of customers trust the brands they buy from. 

You need social proof to convince them your product delivers. Add quotes and testimonials from your customers or trusted third parties that mention your product features to relevant pages. Better yet, include images and videos of them using your product.

Featuring real people showing off your product’s features instantly makes them more credible and makes it much more likely consumers will trust your brand.

UK maternity brand Isabella Oliver does a great job of this, including a quote from Vogue in the product description of a maternity tank dress.

Strategies for Highlighting Product Features - Include Social Proof

Speak to Your Target Audience

You need to understand your target audience to write about your product features effectively. If you have buyer personas, make sure to refer to them while writing. This will help you prioritize which features your customers care about most.

Start by looking at reviews for your product and those of your competitors—G2 is a great place to start for software companies and Amazon for e-commerce brands. Identify the top features customers talk about and prioritize them.  

Be wary of trying to target everyone. This is particularly important for SaaS products that can have a dozen different use cases. Each target customer should have a dedicated landing page where you speak exclusively about relevant product features. If you try to speak to everyone on one landing page, you’ll end up not targeting any audience well. 

Everlane is an example of a brand who knows their target audience and what they care about. Each product description includes a link to the factory it’s made in and other information related to sustainability.

Strategies for Highlighting Product Features - Speak to Your Target Audience

Focus on the Benefits

Consumers only care so much about what makes your product special. What they really care about is how it benefits them.

Talk about a benefit whenever you mention a feature.

Writing about benefits requires a bit more effort and creativity. Your product’s features are fairly obvious, especially to you. What isn’t so obvious is how the user benefits from them. Think about your customer personas and spend some time reading product reviews. These will help you get into your customers’ minds and focus on the benefits they care about. 

If you really want to do a good job, interview your customers to find out exactly how they benefit from your product. It takes a little more effort, but this is hands-down the best way to tease out the benefits of your product.

One of Hootsuite’s most popular features is the ability to track social media mentions on their dashboard–but that’s not how the brand sells the feature to its users. Instead, they focus on the benefit: finding out what customers really think. They even follow this up with another user-generated benefit of the feature.

Strategies for Highlighting Product Features - Focus on the Benefits

Draw Attention to the Important Details

There are some features you’ll want customers to take note of more than others. That’s why it’s important to create a hierarchy of features and look for ways to draw attention to the features consumers care most about. 

To do this, break your page into sections and devote each section to a specific feature. Use a bold heading to grab your reader’s attention and back this up with short, sharp copy and eye-catching imagery. 

Google takes this to the extreme by letting each feature take up all of the screen’s real estate. There’s no way to miss them: 

Strategies for Highlighting Product Features - Draw Attention to the Important Details

Another is to remove the navigation menu from your landing page. With no way to move away from the page, users are forced to focus on your sales copy and read about your product’s features. Don’t get carried away using this tactic, however. Most customers won’t be happy with you removing the navigation bar, especially if you’re an e-commerce site. 

Make Information Scannable

Your customers are busy, and most aren’t going to read every word on your page. Instead, they’re going to scan it for key bits of information. It’s your job to make your product features as scannable as possible while still getting across the core message. 

Bullet points are an excellent tool because huge chunks of text are a massive turn-off for readers—especially if you want to share a lot of information. 

Target includes a bullet list of each product’s features on their listing page, so you don’t even have to click them individually to get the need-to-know information.

Strategies for Highlighting Product Features - Make Information Scannable

Use Video and Images

Words aren’t the only way to get across your product features. Images and videos are usually a much better way to get across exactly what your product can do. 

Images are an easy way to show customers how key features look and work. They are particularly powerful for design-focused features and most e-commerce products in general. Bonus points if you include user-generated photos in your descriptions.

UK furniture brand Made did a great job of including user-generated images in their product listings. Potential customers can see exactly what each sofa will look like in a range of settings. 

Strategies for Highlighting Product Features - Use Video and Images

Videos take a little more work, but they can be even more effective. For example, you could create an explainer video that highlights your product’s core features, or a separate video for each feature.  

Your feature-led videos can also be used as part of your onboarding process and by your sales team during client calls. They can even boost your search rankings, especially if you host them on YouTube

Write Blog Posts and Emails

If you have a SaaS product, blog posts, emails, and other forms of content marketing are one of the best ways to highlight your product features—particularly if those features come in the form of new software releases.

Make sure your blog posts talk about the benefits that users can gain from the new features and don’t just talk about the features alone. Plenty of screenshots are also a good idea, so is a video if you can create one.

Unlike other forms of content marketing, there’s no need to post these articles regularly. Writing them when you have a new feature to describe is enough.

Email updates should also be sent sparingly. Only email when you have a new feature to announce and keep your email succinct. Only include the key details in the email and link to a more in-depth blog post if necessary.

Existing users will learn about the new features when using the software, so it may be wise to only send an email about features that may re-engage lost customers.

Asana’s blog is filled with feature-focused blog posts. Note that many don’t focus on individual features. Rather they cluster feature releases around a particular topic and write about that instead.

Strategies for Highlighting Product Features - Write Blog Posts and Emails

3 Examples of Product Feature Highlights

If the examples above weren’t enough for you, I’ve got three more examples of brands that do a great job highlighting their product features.

Apple

Examples of Product Feature Highlights - Apple

Few companies are better than Apple at creating buzz about their products. There aren’t many better at highlighting their product’s benefits, either. 

Apple makes a point of creating a new banner for every feature, pairs each with a user benefit, and includes high-quality images and graphics. Even if you already have an iPhone, reading their product pages makes you want to upgrade.

Amazon

Examples of Product Feature Highlights - Amazon

Amazon is famous for its in-depth product listings, but those listings are also great at highlighting each product’s most important features. 

The clear layout makes it easy for customers to skim the product description, and bullet points highlight the most important features. There’s even a video showcasing the product in detail. 

Tesla

Examples of Product Feature Highlights - Tesla

Tesla combines several of the tactics mentioned above to highlight the key features of the Model 3. Each feature is given a hierarchy—security is first—and takes up the entire page. They also use graphics to illustrate points and annotations to draw attention to specific features.

Frequently Asked Questions About Product Features

What are product features?

Your product features are any characteristic of your product that makes it stand out and separates it from your competitors. It can include the look and design of the product, how it’s made, or what you can do with it.

What are examples of product features?

For an e-commerce product, the material the product is made with can be a feature—if it’s made from recycled plastic, for example. For SaaS products, features include the functionality of the product. The ability to instantly message colleagues is a feature of Slack, for instance.

What’s the difference between a product feature and a benefit?

A feature is a characteristic of your product. A benefit is how a customer can use that characteristic to overcome a pain point.

How can I highlight the features of my SaaS product?

A sales page is an excellent way to highlight all of the features of your SaaS products. Blog posts, videos, and demos are also great ways to highlight SaaS features.

How can I highlight the features of my e-commerce product?

Your product description is the best place to highlight the features of your e-commerce product. Make sure they are easy to read and stand out from the rest of your copy.

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The Conclusion of My Product Features Guide

Showcasing your product features is a hugely underrated tactic. Marketers and salespeople will tell you to focus on the benefits of your product rather than the features. While benefits are important, they rely on explaining your features clearly first. Features are also one of the most common ways potential customers compare your product with your competitors. 

Take time to determine which features are most important and get opinions from current customers if you can. Then use the seven tactics I’ve listed above to make them as clear as possible on your site.

Which features of your product are you most proud of?

How to Generate More Traffic with Google’s New Features

You’re probably already familiar with Google My Business.

If you aren’t, as a quick recap, Google My Business is a simple way to claim your office address or storefront on Google.

backyard bowl

That way, when someone searches for your business, you’ll show up on the right side of a Google search like the image above.

Or better yet, when someone searches for a product or service you’ll offer, you’ll show up in the local pack.

acai bowl

What’s interesting, though, is Google has been making changes to it, which means it just got easier to generate leads and sales for you.

Best of all, very few marketers are even leveraging these features.

Welcome Offers

What’s one of the easiest ways to generate more sales?

By offering discounts and coupons, right? Just think of it this way, if it didn’t work, Cyber Monday wouldn’t bring in $7.8 billion in sales.

Google knows that people are looking for ways to save money and find good deals. With this new feature, businesses can reward their customers by giving them welcome offers.

By following your business, they can get first-time deals and always keep in touch to see when new deals are posted.

offers

Not only will this bring you new customers but also repeat customers because people will be notified every time you have new deals.

To set up a welcome offer, open your Google My Business app and tap on your profile. Under “Turn followers into customers,” click on ‘Create Welcome Offer’ and hit ‘Create.’

You can enter the following information in your offer:

  • Title (30% off oil changes)
  • Description
  • Coupon Code (Optional)
  • Terms and Conditions (Optional)
  • Website (Optional)

Once finished, you can preview your message and publish. For notifications on new followers, and editing or deleting offers, you can read more on Google Support.

Generate leads in just a few clicks

Google is now adding a “Request a Quote” button in your business listing which was discovered by Joy Hawkins and can also be seen on mobile when searching branded terms.

request quote

This is happening with businesses that have the Google My Business messaging feature on.

To enable messaging, open the Google My Business app and go to your listing.

mobile 2

Navigate to Customers -> Messages and turn on!

moble 1

People will now be able to ask for quotes on cars, insurance, and pretty much any service out there.

You can even review these quotes and reply to them within the Google My Business App and connect with your customers easily for a quick sale.

Make sure you claim your URL

Businesses can now claim a Short Name and URL for their listing.

If you haven’t claimed your URL, make sure you do so before it gets taken by someone else.

Don’t get too crazy though as you can only change your short name three times per year. You can enable this by navigating to your locations page, click “Info” on the left-hand side, and see “add short name”.

short name

You may not think this is a big deal, but if you have used Google My Business before, then you know it’s not easy to share your profile on business cards, emails, and text messages without posting a huge URL.

With short names, your landing page will show as g.page/businessname and can be easily shared.

A business can choose a name between 5 and 32 characters and it can contain the business name, location, and more. People can still flag a name for impersonating another business or if the name is offensive, fake, spammy, or contains inappropriate terms.

So, remember not to violate any policies with your name.

I recommend doing this as it will make it easier for your customers to refer back to your profile where they can read updates, post, make reservations, read/write reviews, and more!

And eventually, people will be able to search short names in Google Maps to find the businesses they love.

Google Assistant

Google is now letting customers order food from restaurants and stores via Google Assistant, which is delivered through DoorDash, Postmates, Delivery.com, Slice, ChowNow, and Zuppler, with other partners possibly coming soon.

naab med

Users can click on Order Now on the listing and can choose pick-up or delivery and if they want to order ASAP or schedule for later. Payment happens through the default payment on Google Pay. If they do not have one, they will be able to add credit card information through this too.

Additionally, customers can order food by using Google Assistant by saying “Okay Google, order food from [restaurant].” If the user has ordered before, it will let them see past orders.

naab

Updating your menu online, as well as delivery service carriers and their apps will help get you started on this.

You’ll want to make sure your menus are consistent through all your service carriers to get the best orders to your hungry customers.

And of course, I know there is a good chance you don’t have a restaurant or aren’t in the food delivery business, but expect to see more ways Google My Business gets integrated with Google Assistant.

It’s better to be early than late.

And speaking of food, Google has also added the popular dish tab on your menu which features images and menu items that people love the most.

pop dish

This scans reviews and images on your Google My Business profile to find the most commonly mentioned dish and adds it to your popular dish tab. Of course, if anything is wrong, you can suggest edits to these.

This helps if there are dishes without names, wrong names, or typos can be fixed.

Auto-generated posts based on reviews

Look, you are busy, but you have no choice but to create content.

Google has given you easier ways to generate posts… in essence, they are now creating auto-generated posts for you.

These recommended posts are suggested through customer reviews on your Google My Business profile and are similar to their Small Thanks program, which tried to get you to highlight reviews given by previous customers on social media and even being able to print it out and display it on your business walls.

You are probably wondering why should you use it, right?

This helps keep people engaged in your profile if you haven’t posted on Google My Business in a while and gives you fast and easy publishing. It even gives you options to customize backgrounds with images and colors.

suggest post

This will pop up on your Google My Business dashboard and all you have to do is hit “Create this post”.

There’s no real way to pick other reviews for Suggested Posts, but you are always welcome to create your own. This is just a simple feature created to help engage your audience more.

Boost your conversions by controlling your images

Businesses can now set a preferred profile cover photo in your image carousel and have a place for logos at the top-right of your profile next to the business name.

This is an additional feature to the regular NAP (Name, Address, Phone Number) as well as business hours and will be prominently featured.

images

You can easily create offline material

Google is launching a website where businesses can order and get custom promotional items such as stickers and posters to advertise their business. This is in hopes that it will entice customers to follow places on your profile, add reviews, and create bookings.

You can even order signs like ‘follow us on Google’ and more for free (one shipment per location).

stickers

For posters, you can use the editor to create your own type of poster that can be downloaded and easily printed by yourself or a local printing company. If posters aren’t your cup of tea, you can even share these on social media.

posters

This is currently free as it is a downloadable offer, but you may want to pay to have someone print this out in poster size or as stickers to put on your business windows.

Just think of it this way, people put Yelp signage everywhere because it works. Chances are, it will work on Google as well.

Place Topics

Google launched Place Topics which uses data based on reviews to help give information on what previous customers think about your business.

place top reviews

This can help users see themes of reviews at a glance for businesses and it’s all automated.

It’s kind of like a tag cloud.

This does mean that you cannot generate these yourselves or edit them. So, if you don’t have one, you may not have enough reviews.

Also, if you have a negative one, there’s potentially no way of removing this unless you get the review removed. So, make sure your happy customers are leaving reviews is very important.

Possibly entice them with a 10% discount the next time they come… assuming you aren’t breaking any policy guidelines.

Q&A Auto-Suggest Answers

This feature that Google updated uses previous answers to questions and Google My Business Reviews to answer new questions on the spot. As you start writing the question, different answers start to pop up to give you the best match.

instant qa

So how can you make sure people get the most accurate answer?

Similar to place topics, encouraging your customers to leave detailed reviews of their experience really helps. The more detailed the review is, the better the question gets answered.

Of course, people who are searching for answers can potentially see negative reviews such as prices are too high, service takes long, very long waits on weekends, and more.

In other words, always encourage positive reviews from your loyal customers.

Conclusion

If you haven’t used Google My Business before, you should check it out. With their updates and new features, it is now easier to generate sales and collect leads.

In the future, you’ll see a much deeper integration between Google My Business and Google Assistant. This is going to be important as 50% of the searches will soon by voice searches according to ComScore.

Make sure you are leveraging all of these features and releases Google is launching because it doesn’t cost you money and if you get in early enough, you’ll have an advantage over your competition.

So are you using Google My Business to it’s fullest extent?

The post How to Generate More Traffic with Google’s New Features appeared first on Neil Patel.