3. Intro: Who Am I?
• From the U.S.
• Small Business Owner 7 years
• Several Failed Startups
“There is no such thing as losing. You either win
or learn.”
- Multiple sources
• Corporate & SME Training
- Effectuation
- Growth Hacking
4. Intro: My Goals
Demystify Growth hacking
Clarify the definition
Introduce a mindset & process
Show you how professional growth hackers
prioritize important decisions
5. Problems with authority, centralized
power,
Out with the old, in with the new =
Constructive Progress
Intro: Why Growth Hacking Gets me excited?
6. Intro: Who are You?
Quickly! EVERYONE!
Cultural & Knowledge
Basis?
How many people
have a business?
(Identify yourselves, you are now team
leaders)
Your Expectations,
What are they?
7. • Startups stealing market share & innovation
potential
• Corporate interest & demand
• Standardizing methods, proving value
• One can now do the job of many, You can
“do more with less”.
Intro: Why should you care about Growth Hacking?
9. Overview: 2 Hours
• 30:00 – 45:00 of Information
• 1:15:00 - 1:30:00 Mini-Hackathon
• + :15 of ‘Optional’ Overtime
Be prepared to not relax, to take notes, & brainstorm
PLEASE ASK QUESTIONS, ESPECIALLY WITH
REGARD TO LANGUAGE!
11. Growth Hacking: Defining ‘Growth’
• “Growth of a business is the only thing
that matters in the startup world.”
• In the entrepreneurship world, this is not
always the case
– i.e. This does not mean that a Small Business
Owner cannot use this process, mindset, and
tools.
12. Growth Hacking: Defined
Lifehacking ≠ Growth Hacking
NOT A SET OF QUICK FIXES, MAGIC.
It is not
• Whitbies Fish & Chips “What a brilliant
hack!”
13. This is a great “hack”, but it falls way short of
qualifying as “Growth Hacking”
14. Growth Hacking: Defined
• What it is: Testable, trackable, scalable.
• It is an update:
• Rewriting the best-practices of marketing. The death
of business as usual.
• Lets re-define growth hacking:
Growth Hacking = 21st Century Marketing = Zero
Budget Marketing
“Entrepreneurial Marketing”
15. Growth Hacking: Defined
“Everything works with
everything else. In other words
it’s a system, and a system is
no big deal to use. Look, with
any new [system] you’ve gotta
learn a few new things.”
-Alan Alda
16. • Who is a growth hacker? T-Shaped
Individual
Broad Range Generalist W/ Deep Expertise
in one area
“… someone whose true north
is growth”
- Sean Ellis, 2010
Growth Hacking: Who?
17. Engineering & Testing mindset, not
necessarily an engineering degree.
A person who embodies the
Socratic method.
The person(s) within a company who
find(s) the customers and leads them through
a sales funnel, and hopefully creates a k-factor.
Growth Hacking: Who?
18. Growth Hacking: Defined
“The end goal of every growth
hacker is to build a self-
perpetuating machine that
reaches millions by itself.”
-Aaron Ginn
20. The Mindset – Growth Hacker Marketing by
Ryan Holiday
[GH Needs More Women]
Entrepreneurial Marketing: Concepts
“Look at what everyone else is doing, and walk the other way.”
Not every saturated channel is your best fit for growth.
Find out who & where your customers are, by any means necessary, and
go directly to them. Everything is testable & malleable.
Forget about gut feeling. Test all of your assumptions. The best validation is
a scalable sale.
21. Entrepreneurial Marketing: Concepts
‘To do it correctly, one must spend 50% of her time
on product development, and 50% of her time on
Growth Hacking.’
These efforts run parallel to one another.
This is not business as usual.
26. Entrepreneurial Marketing: Choosing
Channels with Traction
Today we are going to focus on prioritizing
growth channels using the Traction method
and the BRASS framework.
Why?
Well, time and money of course!
28. Entrepreneurial Marketing: Traction &
where to begin
• This book is canon for the growth hacker
– buy it, seriously
[Or read my summary @ chrissparks.nl/blog]
• Book Structure:
– 1 Chapter summarizing growth channels
– 4 Chapters practical processes
– 19 Chapters in-depth describing growth
channels
29. Traction: Defined
Traction = Growth = Quantitative Demand
Indicators
• Rigorous , scientific testing process &
exploitation of multiple (3-4) channels
Replaces that ‘gut feeling’ with science!!!
• Testable, track-able, scalable testing.
30. Traction: Strategies & Tactics determined by
your bird in hand
Sometimes you have to do things that don’t
scale at first (Trade Shows),
Sometimes someone on your team has to
learn something new (Word Press),
BUT!
Always, your team is your Bird in Hand!
31. SO ALWAYS WORK FIRST WITH
WHAT YOU HAVE INFRONT OF YOU
OR
WITH WHATEVER IS WITHIN ARMS
REACH
32. WHEN YOU FIND THAT YOU
CANNOT
MOVE FORWARD WITH YOUR
AVAILABLE MEANS,
THEN YOU CAN LOOK OUTSIDE OF
YOUR TEAM FOR HELP (QUILTING)
34. Traction Process Step 1: Set Analytics
Begin Google Analytics or Kissmetrics on your
landing page, website immediately.
- Passive: You will begin collecting data that will later
serve as a baseline for your actions.
- Active: begin learning how to use analytics, get
cozy with interpreting statistics, a/b tests.
35. Traction Process Step 2: Critical Path
Begin By setting a quantifiable goal: ex. ‘X number
of subscribers’
This will be the focus of your critical path, OMTM, and all
efforts here forward to “move the needle”
Determine the steps necessary to reach your goal
in the fewest number of steps. All activities are
either on or off path.
36. Determine the steps necessary to reach your
goal in the fewest number of steps.
All activities are either on or off path,
Don’t waste money, time, or resources with off-
path or non-quantitative milestones.
Traction Process Step 2: Critical Path
37. Traction Process Step 2: Critical Path
We are going to test traction channels to see
which ones will best get you going on your
critical path (on a small scale).
…And eliminate from curiosity those which will
not.
38. Traction: 19 Channels
• Targeting blogs- Using the social capital of niche leaders, bloggers.
• Publicity- Traditional channels, mostly media, and building a public identity.
• Unconventional PR- Publicity stunts and customer service.
• Search Engine Marketing- Paying search engines for high rankings.
• Social & Display Ad’s- Paid, digital ads where your potential customers hang out online.
• Offline Ad’s- Mainly print advertising & ‘traditional’, often local, channels. Good for getting
the less tech savvy customers.
• SEO- Search Engine Optimization. Ranking high for your keyword. Very Important.
• Content Marketing- Build trust with your blog.
• Email Marketing- Convert prospects & monetize existing customers.
39. Traction: 19 Channels
• Engineering as Marketing- Widgets, plugins, features, etc. that make your customer happier
& drive your perceived value, trust, & utility.
• Viral Marketing- Your K-Factor. If for every customer you recruit, you get X+1 back, you are
doing it right.
• Business Development- Creating strategic relationships w/ (often) larger players,
symbiotically.
• Sales- Early customer conversions & scalable, sustainable sales.
• Affiliate Programs- Getting someone else to push your product. Affiliate marketing.
• Existing Platforms- API’s. Piggybacking on someone else’s user base. Air Bnb.
• Trade Shows- Does Not Scale. Good for established companies to show off what is new.
• Offline Events- Meet ups. Events with the goal of recruiting local evangelists.
• Speaking Engagements- Ted Talks. Growing your startup’s profile at speaking events.
• Community Building- Any effort that recruits passionate communities around the startup. Build
your army before you ‘cross the chasm’.
40. Exercise: Join your Glorious Team Leader
Now we are going to run a Traction exercise.
DOES EVERYONE HAVE THEIR
DOCUMENTS (Packets & Voting Sheets)?
41. Exercise: Step 1
Founders: Introduce your concept to your
team (10 minutes)
- Describe your Offering & Value
Proposition.
- Describe your intended customer/ market
- Declare your goal (1) or develop one.
42. Exercise: Step 1
Select a member of each team to Present their
case in 2:00. You have :30 to select.
- Offering
- Value Proposition
- Customer
- Market
- Goal (quantitative)
43. Exercise: Step 2
FIRST ELIMINATION ROUND – 15:00
IMPORTANT!
Don’t forget that some of the best growth
hacking channels are the ones that
everyone else ignores!
(offline events create evangelists!!!)
44. Exercise: Step 2
FIRST ELIMINATION ROUND – 15:00 – Open
Discussion
- Brainstorm: which channels are within the
reach of your team? Bird in Hand.
- Which serve as direct distribution channels
between your product and your market? Path of
least resistance.
- Choose a TOP SIX!!! Do not rank them.
45. • Targeting blogs
• Publicity
• Unconventional PR
• Search Engine
Marketing
• Social & Display Ad’s
• Offline Ad’s
• SEO
• Content Marketing
• Email Marketing
• Engineering as
Marketing
• Viral Marketing
• Business Development
• Sales
• Affiliate Programs
• Existing Platforms
• Trade Shows
• Offline Events
• Speaking Engagements
• Community Building
Choose Six that 1) You can immediately start using, 2) are direct channels
between product and market. Spend no more than XX on each.
46. Exercise: Step 3
Isolate your top 6 on your score card in
no particular order
Now you are going to turn a brainstorm
session into a quantifiable ranking
system.
Have you selected six?
47. Traction Process Step 4: BRASS
Framework
Using the BRASS framework
When brainstorming a channel, team members
should ask themselves these three questions:
1) How much will it cost?
2) How many customers are available?
3) Are these the customers I need right now?
48. Traction Process Step 4: BRASS
Metrics by David Arnoux [Growth Tribe]
• B- BLINK
Gut feeling. Don’t think, just vote!
• R- RELEVANCE
Relevance to your customer base. Is this
channel directly delivering my message to
where my customers hang out?
• A- AVAILABILITY
Internal resources (team) & expertise vs. cost.
Exploitable with your bird in hand?
• S- SCALABILITY
Can you go big if this channel proves effective?
49. Exercise: Step 3
Each of the BRASS metrics gets a vote of
1-5 for each of your six channels.
Vote BLIND by writing your vote on your
provided voting card.
DON’T LET POLITICS SKEW YOUR
DECISION
53. Exercise: Step 4
Order your top Six Scores,
Your top three scores are your focus
channels.
For these top three you will begin a 2 week
to 1 month testing cycle
54. Exercise: Step 5
Set goals for each Tests
Minimum Viable Performance
The best performing is your core channel
and your next step on your critical path
55. Exercise: Step 5
After your testing you will know which of the
three is the one with the most promise.
Move forward with this one!
The rest are insurance.