Building in Public: Why Transparency Is the Ultimate Marketing Strategy
By Jaivin Karnani
Key Takeaway
Sharing the authentic journey of building a business, including challenges and successes, can significantly enhance engagement and trust with an audience. This transparency not only fosters a deeper connection with potential customers but also serves as a powerful marketing strategy that can differentiate a brand in a competitive landscape.
The Genesis of Building in Public
This wasn’t the polished success story; it was the raw, unfiltered experience of building a SaaS platform from the ground up. I detailed what features we chose to build and why, what marketing strategies worked and what flopped, and what the revenue growth looked like, including the flat months.
The Impact of Transparency
The response to this transparency was surprising. Potential customers reached out, expressing trust because they’d been following our journey. Potential hires were drawn to the idea of working for a company that was this transparent. Fellow founders sought advice, which blossomed into advisory relationships and partnerships. Even competitors, despite having access to our playbook, couldn’t replicate what we were doing because transparency isn’t a tactic—it’s a culture.
Defining Building in Public
Building in public is the practice of sharing your business journey openly—the decisions, the data, the struggles, and the successes—while you’re actively building, not just after success is achieved.
It is NOT:
- Sharing only wins and milestones (that’s just marketing).
- Oversharing to the point of recklessness (there are boundaries).
- Performing vulnerability for sympathy (audiences see through this immediately).
- A substitute for actually building something valuable.
It IS:
- Documenting your journey authentically as it happens.
- Sharing the reasoning behind decisions, not just the decisions themselves.
- Being honest about what you don’t know and what isn’t working.
- Creating value for your audience through the insights your journey generates.
Why Transparency Works as Marketing
In a world saturated with marketing messages, polished brand stories, and influencer endorsements, trust is the hardest thing to build and the most valuable to have. Traditional marketing tries to build trust through professional production value, social proof, and consistent messaging. Building in public builds trust through a fundamentally different mechanism: by making your company’s internal world visible.
Trust as a Competitive Advantage
When a potential customer sees the unvarnished truth of your business journey, it creates an unparalleled level of trust. They see the real challenges, the decision-making processes, and the genuine human effort that goes into creating a product. This openness can become a competitive advantage, setting your brand apart in a crowded market.
Creating a Community of Advocates
By building in public, you invite others into your journey, creating a community of advocates who are emotionally invested in your success. These individuals are not just passive followers; they become active participants, offering feedback, sharing your story, and rooting for your success. This community can become a powerful asset, providing insights, support, and amplification of your message.
Implementing a Building in Public Strategy
To effectively implement a building in public strategy, start by identifying the key aspects of your journey that are most valuable to your audience. Be intentional about what you share, ensuring it aligns with your brand values and audience interests. Use multiple platforms to reach a broader audience, and engage with your community by responding to comments and questions.
Remember, as Jaivin Karnani emphasizes, transparency is not a one-off tactic but a continuous commitment to openness and authenticity.
Frequently Asked Questions
1. What is building in public?
Building in public is the practice of openly sharing the journey of creating a business, including both successes and failures, to foster trust and engagement with an audience.
2. Why is transparency important for businesses?
Transparency builds trust, differentiates a brand in a competitive market, and creates a community of advocates who are invested in the business’s success.
3. How can I start building in public?
Begin by sharing the real, unedited journey of your business, including decisions and challenges. Engage with your audience and be consistent in your transparency.
4. What are the risks of building in public?
While building in public can foster trust, it also requires careful consideration of what to share to avoid oversharing or revealing sensitive information.
5. Can competitors use my transparency against me?
While competitors may have access to your strategies, the culture of transparency and authenticity is difficult to replicate, giving you a unique advantage.