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Growth Hacking
101


By: Greg Lenz
Founder, Reverse Information LLC
What Is Growth Hacking?
"Acquiring and engaging users combining traditional
marketing and analytical skills with product
development skills."-Josh Elman Head of Growth at
Twitter

"Growth hacking is acquiring, retaining, and
monetizing users more effectively. A growth hacker
is an individual who can, from end-to-end, collect
data, ideate, plan, execute, and deploy the
necessary tactics and strategies to hit goals."
-Matt Humphrey VP of Merchandise Rearden
Commerece
Growth Hacking Process...
Here's what you'll be looking at:

  -Attention
  -Acquisition
  -Engagement
  -Retention
  -Referral
Think of a Door...

     Attention
Attention
     What channels do you have available?

-Social Media
-SEO
-Paid Search, Display, and Mobile
-Retargeting
-Inbound Marketing & Content Partnerships
-Email
-PR
-Conferences and Teaching (Udemy & 37 Signals)
Acquisition
Acquisition

-Social Credibility
-Content Marketing
-Landing Pages
-Ebooks, Whitepapers, Reports
-Free Consultation/Analysis
-Webinars
-Free Trials
-Drip Campaigns
Engagement

Either with your product or your users
Engagement

       This is where VIRALITY happens

-Do you deliver a great experience? If not,
why?
-Observe power users and collect feedback
-Iterate, Test, Measure, and Repeat
-Identify the tipping point
Referral
You want this...
Not This
Referral
 Much of this comes from the value of your product...
                      however

-If your product is consumer facing, be DAMN sure it is
sharable via social networks

-Instead of forms for ebooks, whitepapers, and webinars,
enable "Pay With A Tweet" or a Facebook share

-Enterprise: Content marketing is a MUST. Make sure your
happy clients can refer you by sharing an interesting blog
post. (Speaking Engagements)
Retention

           Awesome User Experience
What patterns do your power users have in common?

How to bring them back and guide their re-engagement:

-Email
-Mobile Push
-Display Retargeting (Adroll, Retargeter, PerfectAudience
for Facebook)
Retention Example
A Growth Hackers Responsibilities


             Test

           Measure

           Analyze
Growth Hacking Process

-Track: Determine what needs to be tracked
-Understand: Look at data. Usage patterns.
-Prioritize: Highest potential for growth
-Design: Design features and flows
-Build: Code and Deploy
-Measure
               REPEAT
Growth Hacker's Primary Goal
   Steepen The Learning Curve

           So turn this...
Into This...
Growth Hackers are not Growth Teams

Growth Hacker    vs       Growth Team




                  1976 NCAA Champion Indiana Hoosiers
The Difference

Growth Hacker       Growth Team

-Broad Skills       -Specialized Roles
-ASAP               -Process
                    -Focus on culture
-Grey Areas
                    -Black and white
-Guerilla Tactics
Growth Team

-Product Manager (Leader)
-Designer
-Developer
-Data Scientist / Analytics Specialist
-Copy Writer

     Total transparency amongst the team
      Ideas should come from everyone
2 Kinds of Growth Hackers
   Winner                Zen




-Volatile            -Emotionless
-Runs through        -Detached from
brick walls          outcome
-Obsessed with       -Focuses on the
meeting the          process
goal
What does a growth hacker do?
●   Run social media
●   A/B Testing
●   Design banner ads
●   Create a company’s branding or logo
●   Observe Users CONSTANTLY
●   Generates ideas for consumer value propositions
●   Builds landing pages
●   Design new signup flows
●   Generate weekly email campaigns
●   Add alt tags to images for a tiny SEO boost
●   Guest Blog Posting
●   Manage an Adwords Account
Growth Hacker Mindset

            Ideate by intuition...BUT

●   Data is everything
●   No sacred cows
●   Agnostic on method, religous on metric
●   ABT: Always Be Testing
●   Focus
●   Deliver user value ALWAYS
Categorize Your Users

-Super
-High
-Normal
-Low

 Put your focus on moving users into the next
                   category
Path To Success Is 2 Steps



     Know Your Goal

      Find Leverage
Know Your Goal
   Have one clearly stated measurable goal

-10% Increase in Conversion Rate?
-10% Increase in Email Signups?
-1 Whitepaper Download/Visitor?
-7 Demos Scheduled/100 Visitors?
-Doubling time on site?
-2 Referrals/User?
-20% Increase in order size?
Where are you getting that goal?

Is it an industry average?

An example: Lookcraft.com

Went from 10 to 50% conversion to email by
redesigning their process
Lookcraft Homepage
Determining a Good Goal

-Spy on your competitors

-Talk to friends in the industry

-Monitor message boards (WarriorForum.com)
Find Your Points of Leverage

-Facebook (7 Friends)
-Twitter (30 Followers)
-AirBNB (Craigslist)
-Paypal ($10)
-LivingSocial (3 Friends Buy = Free)
-Hotmail (PS. I Love You)
-Enterprise (CRO, Content Marketing, Events,
Conferences) Leads360.com
Advice to Growth Hackers
-Go from hunch to metrics
-A/B Test everything
-Early results are not always conclusive
-Embrace failure (1/8 tests drive change)
-Do a retrospective on each test
-Optimize for revenue not conversions
-Never stop pushing...but

             Be patient
Growth Hacking Tools
                  Analytics:

-Google Analytics (Free)
-Mixpanel
-Kissmetrics
-Visual Website Optimizer
-Optimizely
Ad Spying
-Moat (Banners & Free)
-WhatRunsWhere (Banners and Landing
Pages)
-Mixrank (Banners and Landing Pages)
-Adbeat (Banners)
-SocialAdNinja (Fbook Ads)
-SEMRush (SEO & PPC)
-SpyFu (SEO & PPC)
-KeywordSpy (PPC)
-iSpionage (PPC)
Cheap Banners, Fbook Ads, and
         Landing Pages

-Fiverr
-Odesk
-Elance
-WarriorForums
-99Designs
Cheap Ad Networks

-SiteScout (Banners)
-ClickCertain (Banners)
-BuySellAds (Banners)
-BuyAds (Banners)
-DirectCPV (PPV)
-MediaTraffic (PPV)
-TrafficVance (PPV)
-Google, Yahoo, Bing, AOL (PPC)
Gathering Feedback

-Olark
-UserTesting.com
-EasyUsability.com
-Survey Monkey
-CrazyEgg
Landing Page Testing

-Unbounce
-Instapage
-LanderApp
-Weebly (Free)
-MaxInbound (Wordpress)
-Premise (Wordpress)
-OptimizePress (Wordpress)
-Hubspot (Expensive but comprehensive)
Email Autoresponders

-Mailchimp (Free)
-Aweber
-GetResponse
-Exact Target
-iContact
-VerticalResponse (Social, Email, and Survey)
-Hubspot (Expensive but all inclusive)
Growth Hackers Indy Schedule

1) Display and CRO: Banners, LP's, and Copy
2) Email Marketing
3) Content Marketing & Social Media
4) SEO: On page, Off page, & Linkbuilding
6) Paid Search
7) PPV & Affiliate Marketing
Actionable Advice...




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Growth Hacking 101

  • 1. Growth Hacking 101 By: Greg Lenz Founder, Reverse Information LLC
  • 2. What Is Growth Hacking? "Acquiring and engaging users combining traditional marketing and analytical skills with product development skills."-Josh Elman Head of Growth at Twitter "Growth hacking is acquiring, retaining, and monetizing users more effectively. A growth hacker is an individual who can, from end-to-end, collect data, ideate, plan, execute, and deploy the necessary tactics and strategies to hit goals." -Matt Humphrey VP of Merchandise Rearden Commerece
  • 3. Growth Hacking Process... Here's what you'll be looking at: -Attention -Acquisition -Engagement -Retention -Referral
  • 4. Think of a Door... Attention
  • 5. Attention What channels do you have available? -Social Media -SEO -Paid Search, Display, and Mobile -Retargeting -Inbound Marketing & Content Partnerships -Email -PR -Conferences and Teaching (Udemy & 37 Signals)
  • 7. Acquisition -Social Credibility -Content Marketing -Landing Pages -Ebooks, Whitepapers, Reports -Free Consultation/Analysis -Webinars -Free Trials -Drip Campaigns
  • 8. Engagement Either with your product or your users
  • 9. Engagement This is where VIRALITY happens -Do you deliver a great experience? If not, why? -Observe power users and collect feedback -Iterate, Test, Measure, and Repeat -Identify the tipping point
  • 12. Referral Much of this comes from the value of your product... however -If your product is consumer facing, be DAMN sure it is sharable via social networks -Instead of forms for ebooks, whitepapers, and webinars, enable "Pay With A Tweet" or a Facebook share -Enterprise: Content marketing is a MUST. Make sure your happy clients can refer you by sharing an interesting blog post. (Speaking Engagements)
  • 13. Retention Awesome User Experience What patterns do your power users have in common? How to bring them back and guide their re-engagement: -Email -Mobile Push -Display Retargeting (Adroll, Retargeter, PerfectAudience for Facebook)
  • 15. A Growth Hackers Responsibilities Test Measure Analyze
  • 16. Growth Hacking Process -Track: Determine what needs to be tracked -Understand: Look at data. Usage patterns. -Prioritize: Highest potential for growth -Design: Design features and flows -Build: Code and Deploy -Measure REPEAT
  • 17. Growth Hacker's Primary Goal Steepen The Learning Curve So turn this...
  • 19. Growth Hackers are not Growth Teams Growth Hacker vs Growth Team 1976 NCAA Champion Indiana Hoosiers
  • 20. The Difference Growth Hacker Growth Team -Broad Skills -Specialized Roles -ASAP -Process -Focus on culture -Grey Areas -Black and white -Guerilla Tactics
  • 21. Growth Team -Product Manager (Leader) -Designer -Developer -Data Scientist / Analytics Specialist -Copy Writer Total transparency amongst the team Ideas should come from everyone
  • 22. 2 Kinds of Growth Hackers Winner Zen -Volatile -Emotionless -Runs through -Detached from brick walls outcome -Obsessed with -Focuses on the meeting the process goal
  • 23. What does a growth hacker do? ● Run social media ● A/B Testing ● Design banner ads ● Create a company’s branding or logo ● Observe Users CONSTANTLY ● Generates ideas for consumer value propositions ● Builds landing pages ● Design new signup flows ● Generate weekly email campaigns ● Add alt tags to images for a tiny SEO boost ● Guest Blog Posting ● Manage an Adwords Account
  • 24. Growth Hacker Mindset Ideate by intuition...BUT ● Data is everything ● No sacred cows ● Agnostic on method, religous on metric ● ABT: Always Be Testing ● Focus ● Deliver user value ALWAYS
  • 25. Categorize Your Users -Super -High -Normal -Low Put your focus on moving users into the next category
  • 26. Path To Success Is 2 Steps Know Your Goal Find Leverage
  • 27. Know Your Goal Have one clearly stated measurable goal -10% Increase in Conversion Rate? -10% Increase in Email Signups? -1 Whitepaper Download/Visitor? -7 Demos Scheduled/100 Visitors? -Doubling time on site? -2 Referrals/User? -20% Increase in order size?
  • 28. Where are you getting that goal? Is it an industry average? An example: Lookcraft.com Went from 10 to 50% conversion to email by redesigning their process
  • 30. Determining a Good Goal -Spy on your competitors -Talk to friends in the industry -Monitor message boards (WarriorForum.com)
  • 31. Find Your Points of Leverage -Facebook (7 Friends) -Twitter (30 Followers) -AirBNB (Craigslist) -Paypal ($10) -LivingSocial (3 Friends Buy = Free) -Hotmail (PS. I Love You) -Enterprise (CRO, Content Marketing, Events, Conferences) Leads360.com
  • 32. Advice to Growth Hackers -Go from hunch to metrics -A/B Test everything -Early results are not always conclusive -Embrace failure (1/8 tests drive change) -Do a retrospective on each test -Optimize for revenue not conversions -Never stop pushing...but Be patient
  • 33. Growth Hacking Tools Analytics: -Google Analytics (Free) -Mixpanel -Kissmetrics -Visual Website Optimizer -Optimizely
  • 34. Ad Spying -Moat (Banners & Free) -WhatRunsWhere (Banners and Landing Pages) -Mixrank (Banners and Landing Pages) -Adbeat (Banners) -SocialAdNinja (Fbook Ads) -SEMRush (SEO & PPC) -SpyFu (SEO & PPC) -KeywordSpy (PPC) -iSpionage (PPC)
  • 35. Cheap Banners, Fbook Ads, and Landing Pages -Fiverr -Odesk -Elance -WarriorForums -99Designs
  • 36. Cheap Ad Networks -SiteScout (Banners) -ClickCertain (Banners) -BuySellAds (Banners) -BuyAds (Banners) -DirectCPV (PPV) -MediaTraffic (PPV) -TrafficVance (PPV) -Google, Yahoo, Bing, AOL (PPC)
  • 38. Landing Page Testing -Unbounce -Instapage -LanderApp -Weebly (Free) -MaxInbound (Wordpress) -Premise (Wordpress) -OptimizePress (Wordpress) -Hubspot (Expensive but comprehensive)
  • 39. Email Autoresponders -Mailchimp (Free) -Aweber -GetResponse -Exact Target -iContact -VerticalResponse (Social, Email, and Survey) -Hubspot (Expensive but all inclusive)
  • 40. Growth Hackers Indy Schedule 1) Display and CRO: Banners, LP's, and Copy 2) Email Marketing 3) Content Marketing & Social Media 4) SEO: On page, Off page, & Linkbuilding 6) Paid Search 7) PPV & Affiliate Marketing
  • 41. Actionable Advice... Is there anything I can help you with?