All about Growth Hacking.


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Uploaded on Oct 27, 2020

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All about Growth Hacking.

ALL ABOUT GROWTH HACKING ALPINE SKI HOUSE WHAT IS GROWTH HACKING? Growth hacking is an umbrella term for strategies focused solely on growth. It is usually used in relation to early-stage startups who need massive growth in a short time on small budgets. ALPINE SKI HOUSE Source: optinmonster.com ORIGIN OF GROWTH HACKING • Growth hacking started within the startups of Silicon Valley, but nowadays it has grown into a form of work that also applies to large, established companies. • For those startups, growth hacking was their way to beat the established order; the big corporates. ALPINE SKI HOUSE Source: optinmonster.com PERFECT STRATEGY • Many companies see growth hacking as the perfect strategy for the 21st century, because you have to be flexible to avoid competitors, have to be quick to take chances and be data- driven because you do not want to spend higher. ALPINE SKI HOUSE Source: optinmonster.com DOES GROWTH HACKING REPLACE DIGITAL MARKETING? • Growth hacking is not a substitute for digital marketing. In fact, far from being separate entities, growth hacking and digital marketing are intrinsically linked. • The shared mentality behind both is an emphasis on experimentation, creativity and measurement in order to accomplish goals. ALPINE SKI HOUSE Source: digitalmarketinginstitute.com STRUCTURED PROCESS • Perfect Your Product • Set Measurable Goals • Test Your Approach • Analyse Performance • Optimise ALPINE SKI HOUSE Source: digitalmarketinginstitute.com SKILLS OF A GROWTH HACKER • As a growth hacker, you have to be able to work quickly and therefore you have to be as independent as possible. • That is why it is important for a growth hacker to be able to program, handle data and design. • He/she does not have to be an expert in everything, but in any case has to understand the basis to be able to execute the biggest part by themselves. ALPINE SKI HOUSE Source: growwithward.com DIFFERENCE BETWEEN GROWTH HACKING VERSUS MARKETING? • A growth hacker uses the entire funnel, where most marketers only look at Awareness and Acquisition. • A growth hacker runs experiments; he tests which direction works best, where a marketer often focuses on one method. • A growth hacker works data driven, where that is not the case for most marketing departments. • A growth hacker has some technical skills, such as programming, tooling and automations. ALPINE SKI HOUSE Source: growwithward.com FAMOUS GROWTH HACKING EXAMPLE-1 Dropbox and their referral-program • Dropbox was one of the first companies to use a referral program to make their customers work as acquisition channels. • They offered users 250MB of extra storage space for every friend they would bring in as a new user. ALPINE SKI HOUSE Source: growwithward.com FAMOUS GROWTH HACKING EXAMPLE-2 AirBnB and their Craigslist- integration • AirBnB used Craigslist in their early years. Craigslist was at that time the largest forum where people could rent a house. • This was therefore the place where their target group was most active. • AirBnB began to place their own offer on Craigslist with a link to their own platform for potential tenants who sought more information. ALPINE SKI HOUSE Source: growwithward.com FAMOUS GROWTH HACKING EXAMPLE-3 Hotmail with “P.s. I love you” • Hotmail was the first free email provider. At the bottom of all the emails from their users they placed the phrase “P.s. I love you” with a link to their own website. • As soon as recipients visited the website and saw that Hotmail was free, they switched to Hotmail. ALPINE SKI HOUSE Source: growwithward.com