Growth hacking - the basic process (1)

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More web page visitors, followers, readers, commenters, enthusiasts, … which eventually turn into paying customers.

“Growth hacker is a hybrid between a marketer and coder”, andrewchen.co

“Growth hacker is just a new name for a business owner who is trying to survive and uses information technology and various motivation techniques”, me

1. Great product / service + great business model

2. Social media marketing

3. Acquisition of users

4. Activation of users

5. Retention of users

6. Generate Revenue

Expe

rim

enti

ng w

ith

mar

keti

ng a

nd

prod

uct Users come to your web site

from various channels

Users enjoy and perform some action of your web site (e.g. register, download,...

Users return for moreUsers recommend your product/service to others

ReferringSources: Growth hacking: How startupsgrow from 0 to millions of users, Mattan Griffel

Growth hacker figures out how to move to the next step

Reinvsting

Sources: Growth hacking: How startupsgrow from 0 to millions of users, Mattan Griffel

Growth hacking analytics (KPIs)

Conversion rates

Acquisition of users

Activation of users

Retention of users

Generate revenue

Number of visits, length of stay

Number of actions: registrations, downloads, sign-upsNumber returns, email clicks, replies

Number of purchases

1%

3%

5-30%

70-100%

ReferringNumber referrals, shares,...

Data analytics

Sources: https://www.entrepreneur.com/article/277157http://www.businessinsider.com/ten-top-product-pricing-models-for-startups-2010-12#product-or-service-is-free-revenue-from-ads-and-critical-mass-1

http://www.businessinsider.com/ten-top-product-pricing-models-for-startups-2010-12#product-or-service-is-free-revenue-from-ads-and-critical-mass-1

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1.

2.

Sources: https://www.entrepreneur.com/article/277157

Sources: https://www.entrepreneur.com/article/277157

Sources: https://www.entrepreneur.com/article/277157

1.

2.

1. Great product / service + great business model

2. Social media marketing

3. Acquisition of users

4. Activation of users

5. Retention of users

6. Generate Revenue

1. Visit: www.engaging-project.eu or FB: https://www.facebook.com/EnGagingProject or Twitter https://twitter.com/engagingproject

2. Subscribe to the newsletter on the project web page (now we have your contact and we’ll spam you. Just kidding.)

3. Occasionally receive project newsletters (pretty boring, right?)4. Wait for the invitation for self-assessment test (a little better, right?)5. Wait for the online course about Gamification and Growth hacking (awesome,

right?)6. Become gamifier and growth-hacker (mind blowing, right?)

yes? no

E-mail: tomislav.rozman@bicero.com

Web: www.bicero.com

LinkedIn: http://si.linkedin.com/in/tomislavrozman/

Twitter: https://twitter.com/tomirozman

FB: https://www.facebook.com/bicero

Slideshare: http://www.slideshare.net/tomirozman

Researchgate: https://www.researchgate.net/profile/Tomislav_Rozman

Google+: https://plus.google.com/u/0/105445660420799290456

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