(spxui )bdljoh 3ppljf 5fnqmbuf $spxe 4pvsdfcs-wordpress.s3.amazonaws.com/crowdsource-v4/... ·...
TRANSCRIPT
ACQUISITIONDrive people to your site from various channels
Paid media, social media, SEO, content marketing, integration with third party platforms, channelpartnerships
Cost per acquisition, click through rate, % new visits, unique visitors
AirBNB leveraged "post to Craigslist" to accelerate acquisition
Various social media platforms, Google Adwords, ad networks, partner APIs
ACTIVATION
Drive signups or registration
Usability testing, A/B test landing page design and messaging, simplify signup/registration process, improve onboarding experience, signup incentives
Signups/registrations, bounce rate, "checkout" abandonment rate
37 signals increased Highrise signups by 102.5% by adding a picture of a person
Unbounce, Optimizely, Hubspot
RETENTION
Encourage repeat usage of product features or services
Behavioral based emails, marketing automation, in platform reminders, push notifications, game mechanics. Note: FIRST, identify if there is a product issue and solve for product issue and solve for that.
Daily active users, loyalty, behavior/event based analytics, churn rate
Linked emails a list of daily updates from your network, Zappos delights customers by randomly surprising customers with upgraded shipping
Marketo, Eloqua, Mail Chimp
REFERRAL
Motivate sharing and WOM to drive new acquisition
Integration with social media platforms and application "contacts" incentivize sharing with offers or discounts
Viral coefficient (number of new activations driven by existing users), acquisition attribution
Dropbox gives users free additional storage for inviting friends
Integrated social media sharing buttons and platform APIs
REVENUE
Monetize user activity This should be unique to your business model - in app purchases, premium features, in-app advertising, affiliate
Customer Acquisition Cost (CAC), Lifetime Value of a Customer (LTV), revenue, margins
The steps you take above should result in positive gains here!
Google Analytics, KISSmetrics
STAGE STRATEGY EXAMPLE TACTICS ANALYZE EXAMPLES TOOLS
CrowdSourceGrowth Hacking 101: Rookie Template