By Ankur Tiwari | Last edited on 14-12-2019Follow @Ankurt04
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Zoom Video Communications is a super successful startup:
As if this is not enough, Zoom’s Net Promoter Score (NPS) is averaging around 70 for the past few years. Customers love it!
Zoom has built a great product, had organic growth early on and have built multiple growth channels over the years.
Zoom competes against the big boys like Microsoft and Cisco. Today Zoom stands tall at number one.
But Zoom started small. They had struggled to raise their first round of funding. They had struggled to find their go-to-market strategy.
So, if you are a SaaS startup, still figuring out the growth strategy, you can learn a lot from this story of Zoom’s growth engine. This is a detailed look at Zoom’s growth strategies and tactics. Let’s get started!
Zoom is a SaaS company in video conferencing space. It was founded by Eric S. Yuan in 2011. Eric was working with WebEx on building video conferencing products for over 14 years before starting Zoom.
Zoom is a product first company. They invested all their initial resources in building a great product. On Zoom, you can host online video meetings with multiple people.
Eric was named Glassdoor’s top CEO in 2018.
Recently, on the Business Insider’s list of 15 best CEOs of 2019, Eric has been placed at #1.
A lot of Zoom’s initial growth came from organic outreach and partnerships. These partnership helped Zoom to integrate their solution with existing B2B service providers and leverage the distribution of these companies.
Presently key channels of Zoom’s engine of growth are:
Zoom does not consider some of these channels specifically for customer acquisition. But all of these channels contribute in community building and filling top of their sales funnel (TOFU).
Here is a snapshot of how Zoom gets most of its traffic:
A quick analysis of Zoom’s over 30,000 organic keywords reveals that most of the top performing keywords are branded keywords (‘zoom’ ). Thus bringing in a high branded traffic (> 94%). Same figure for Slack is around 92%.
It seems that most visitors are aware about the brand beforehand and/or had direct links to click on. A catchy four letter name adds to the fuel!
Thus their huge direct traffic is due to organic outreach, partnerships, events, inbuilt distribution and offline ads (billboards, airports).
Let’s discuss the few key channels in detail.
Zoom has been building partnerships with other B2B companies to integrate and offer its product using the distribution of its partners. This is a very reliable growth channel and a high contributor to their direct traffic.
One way to understand this partnership ecosystem that Zoom has built is to consider Zoom as part of a stack from user’s point of view. Zoom has been successful in positioning itself as part of an elite stack of top product driven startups.
Take a look at the ‘similar sites’ metrics for Zoom and its competitors:
So while its competitors were fighting in ‘meetings’ and ‘conferencing’ space, Zoom went out and built partnerships with companies in other verticals to create a seamless experience for its users. Users can have great experience in using Zoom along with other apps for scheduling, conferencing, storage, communication and more.
For integrations, Zoom has built an app marketplace. Some integrations allow users to access multiple services using the same Zoom dashboard. Such integrations not only reduce the resistance to adoption but also build the growth using network effect.
The best way to distribute a product is to built the distribution within the product. I never signed up for Zoom.
I had actually enrolled for an online course where the instructor delivered the course over Zoom. I received a direct link to join the course a day before the start date, clicked on the link and setup it up.
Few months later, I joined another course where too instructor was delivering the course over Zoom. I was familiar with the app by now.
Later, I wanted to communicate within my team and guess what was the first channel came to my mind? Zoom. No points for guessing.
From online instructor to me and from me to all my team members, Zoom just spread without the company spending a dime!
One reason for it is Zoom having an excellent free plan. When I was asked to sign up by my online instructor, I never had to think twice.
Another reason is the product being great. Once I’ve used it without ever having any issue with the product, my default decision was to use it again. I never had to google “best website for video conferencing”.
Take a look at Zoom’s social traffic:
Majority of the traffic is from Facebook with YouTube being a distant second.
Here are their few longest running (hence top performing) Facebook ads:
Angles of their Facebook ads are aligned with their brand positioning. Some ads are running for multiples audiences and they keep testing for angle-audience fit.
Key angle categories of their fb ads are:
With different variation of texts & image under these three angle categories, they are driving traffic to specific landing pages and filling top of multiple sales funnels.
Their key Facebook ad funnels are:
So, they are essentially bringing in traffic to all of their offerings and from all types of clients (Individuals, SMB, Mid-Market, Enterprise).
Usually for B2B SaaS companies’ Facebook ads, it is a good idea to use faces of people, as this creates familiarity. Rather then using product dashboard screen. It is even better if the people in the image are doing something rather than just posing for the photograph. Zoom uses images with a bunch of people in a video conference. Smart!
Zoom takes it a step ahead with short testimonial video clips of their logo clients.
Interestingly, Zoom has also been sending its paid Facebook traffic to a dedicated landing page built for a Gartner’s report. Zoom has been positioned in the Leaders Quadrant of the 2019 Magic Quadrant for Meeting Solutions. Now, considering the audience of Gartner, this funnel is targeted at Enterprise clients.
Here is a Zoom’s google ad:
Currently they seems to be bidding for nearly 30,000 ppc keywords. However most of their top performing keywords are either branded (Zoom) or related to business (‘meetings’, ‘video conferencing’). Take a look at their top 5 ppc keywords:
blog.zoom.us is the Zoom’s dedicated sub-domain for their blog. Here is the organic keyword traffic on this sub-domain over the years:
This means as far as content is concerned, Zoom was late to the party. They started building their blog somewhere towards the end of 2015.
It is also noteworthy to take a look at their top performing blog posts:
Based on the evergreen score, these top 4 blog posts of Zoom either talk about Zoomtopia (their annual event) or the company level developments.
A quick study of top 80 blog pots reveals that Zoom’s content can be classified into these four broad categories:
This is a mid-market and enterprise clients focused blog! Three facts support this:
Yes! “Request a demo” / “Schedule a Demo”.
These CTAs are typically targeted at mid-market and enterprise clients. Individuals and small teams would probably go for “Sign Up Free”.
Here is how much the Live Demo page gets traffic vis-a-vis their top 8 performing pages:
But then for mid-market and beyond, it’s the quality not the volume that matters!
This is in contrast to an SMB focused blog e.g. hubspot. But works for Zoom as they serve wide range of clients, from individuals to enterprise.
Zoomtopia is the annual event of Zoom. Started in 2017, this two days event has just completed its third edition. This annual event hosts keynotes, discussions, sessions from Zoom’s partners and product use cases among others.
Overall, Zoomtopia helps in filling the top of the sales funnel, helps in up-selling, reaching out to new industries and building long term brand value.
Zoom actively asks its users to participate and share their stories for this event. Use cases acts as social proof and helps in reducing the resistance to adoption.
Here is the list of key sessions organized during Zoomtopia over the years:
Broadly we can categorize all the sessions of Zoomtopia under three categories:
As Zoom is growing, they are involving their clients and partners more and more in Zoomtopia. Number of sessions on ‘Product Use Case’ are increasing from 2017 to 2019.
Pro Tip: You need not to be as big as Zoom to organize events. If your clients are located within a geography, call them for a small event and find out ways to engage. Otherwise, organize a virtual event for your clients, a webinar, a podcast or something similar which can provide them great value. Give away some gift at the end. You can use Facebook live or may be Zoom for such online events!
Zoom is a great product and well executed growth strategy. Their focus on organic ways makes them a perfect case study for startups. Having a great product is essential. But product only will not bring in the clients. Start building one most appropriate growth channel. As you grow, build more channels.
Interact with your clients, engage with their success stories.
You can signup for Zoom here.
Zoom has guidelines to use their logo and brand materials, you can check them here.
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