growth hacking dates back to david vs. goliath
Post on 18-Oct-2014
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A political scientist called Arreguin Toft totaled up all the wars of the past 200 years that occured between very large versus very small countries. Let’s say one side has to be at least 10 times bigger than the other. He looked at what percentage of wars had been won by the bigger side. And we might think it should be around 100% but it’s actually around 70%. And when he studied the wars even closer he found that when the smaller side used unconventional or guerrilla tactics they won 63% of the time. Smaller is not necessarily a disadvantage. (Source: Malcolm Gladwell's "David vs. Goliath")TRANSCRIPT
What is Growth “Hacking”?just a sexy word for digital marketing?
David Arnoux @darnocks
@growthamsterdam
David vs Goliath
vs.63.6% victory!
Over the past 200 years, when small armies use
unconventional methods they won almost 2/3rds of the time
Unconventionial tactics
vs.
Why Growth “Hacking”?•Startups tend to have limited resources so they need to be
very creative to grow, acquire new users and retain them
•Traditional marketing channels are expensive and saturated
•Most startups focus heavily on product but the real challenge is with distribution (Dave McClure, founder of 500 startups)
•Growth Hackers don’t really care about “brand awareness” they care about ROI and finding out “what works”
• It’s exciting and fun as hell!! It’s guerrilla warfare :)
What is Growth Hacking?
What is Growth Hacking?
Growth Hacker vs. Digital Marketer
Let’s look at some examples...
PLATFORM INTEGRATION
thanks to @morganb
Airbnb
Airbnb
VIRAL GROWTH / REFERRALS
thanks to @morganb
Dropbox
2.8million invites sent in April 2010!100k to 4mio users from 2008 to 2010!
DATA & TESTING(conversion rate
optimization)
Your 2 best friends
Know where you’re losing visitors(and money)
Visited Signed up Activated Referred
AB test your sign up forms!
(source: contentverve.com)
12% conversion
AB test your Value Proposition
AB test your Value Proposition
26% conversion
A/B test your copywriting
+60%
A/B test imagery and colors
(source: contentverve.com)
A/B test testimonials
(source: conversionxl.com)
A/B test referral pages
+200%
A/B test payment pages
+16% sales
A/B Test Usability
Growth Hacker tools
These have saved me from learning to code :D
Be careful•There is no point in scaling if you have not reached
product/market fit (Sean Ellis recommends 40% of users should be “very disappointed to lose your tool)
•Some growth hacks are NOT sustainable so only apply to very early stages
•The term “Growth Hacking” is used for everything and anything nowadays
• It doesn’t really matter what you call it as long as it brings growth!
Thanks!QA
David Arnoux @darnocks