Transforming your business with practical growth hacking techniques and by taking inspiration from successful growth hacking examples.
Today, I want to give you a list of growth hacking examples that worked for many companies in the world. I suggest you have a look at those in order to get inspiration and boost your creativity. However, I want to make it clear that these growth hacking examples worked for these companies because they have experimented a lot before succeeding.
A bit about growth hacking first.
Growth hacking offers a very exciting opportunity for emerging businesses to gain awareness and increase market share through alternative marketing techniques. While there is a proliferation of growth hacking methods that could be adopted and implemented, the key to identifying a growth hacking technique that most adequately promotes your business would be through testing. In most cases, companies would have to test a variety of growth hacking methods before identifying the one that most suitable grows the marketability of organization’s product or service.
The approach to marketing that is adopted by growth marketing is entirely motivated by the need to grow profitability. Hence because the fundamental focus of growth hacking is to identify the most suitable marketing strategy that grows a business, all effort is concentrated on discovering and utilizing the most effective marketing strategy that grows business hence growth hacking is particularly effective when it comes to increasing profitability as oppose top traditional marketing because growth hacking has only one target which is growth.
Growth Hacking is a mindset rather than a toolset
The general idea behind growth hacking is to grow customer base and profitability. Hence, once this mental attitude is incorporated in all procedures and stages of business, you can expect to see a noticeable upsurge in customer base and patronage.
When it comes to growth hacking, the fundamental principle remains that you keep trying processes and marketing options until you determine the one that most suitably satisfies the target of growing customer base, conversion rates and sales.
To start the growth hacking, you should define a marketing strategy first but that’s not it. Growth hacking is not entirely focused on the marketing phase of business as the development of creative content and product development would also require iteration. It is imperative to understand that you would constantly have to modify creative process and product development to suit the ever changing customer trend. The phases involved in creative process would typically consist of the incubation, conceptualization, and elaboration phase where the idea is carried out.
When it comes to growth hacking, all of these processes are not straightforward as they appear as each phase would have to undergo a series of testing and modification to ensure conformity and alignment with customers’ preference and taste which is constantly evolving. Essentially, growth hacking is not only a marketing approach but is also an integral part of product development as products would have to be tailored to meet customers’ liking.
At this junction, it becomes an absolute necessity to understand the various methods to growth hacking. However, before we dabble into the various approaches to growth hacking, it is important to note that growth hacking is entirely centered on customers. Customer preference and satisfaction is the focus of growth hacking. For effective and practical growth hacking, you would have to find out a great deal about your customers in the form of who and where. Understanding what your target market is inclined towards and what they would like to see and experience in the product is fundamentally crucial to growth hacking.
Through the use of scientific approaches to data collection such as a survey, you can gather relevant information about customers which would be incorporated into product development. This is a continuous process as the product would have remodeled to suits changing customer taste and preference. Growth hacking has to be persistent and information has to be gathered constantly from customers through a variety of credible methods.
While growth hacking is a marketing strategy, it can also be incorporated into product development with astounding results. Gathering information through scientific methods, interviews, and other online survey tools for accuracy is vital to the entire process as erroneous customer information can be misleading. Consistency of growth hacking in product remodeling and modification is imperative to meet up to changing customer preference.
I recommend you to check the complete growth hacking definition to know all about it.
Understanding the astounding practice of growth hacking
It is quite pervasive to find the flawed impression about growth hacking being a fraudulent and unscrupulous practice, this mistaken notion is because of the illegal practice of “hacking” which involves breaching security and firewalls to sabotage and extract organization information. Growth hacking on the other hand shares no similarity with hacking as it is completely legal and entirely focused on profitable marketing.
A comprehensive insight into growth hacking and its applicability and relevance would begin with emphasizing the fact that growth hacking is a highly specialized form of marketing so much that it may be considered somewhat different from marketing because its focus is much more streamline when compared with marketing. This is the reason why the growth hacker job description requires so many skills and requirements. The purpose of growth marketing is to stimulate growth and escalate revenue in the form of increased sales, increase in conversion rates, increased traffic, heightened customer’s engagement and enhanced retention.
The growing relevance and increasing pervasiveness of growth hacking could be largely associated with its affordability and effectiveness. When compared with traditional marketing and other forms of marketing, small companies that are looking to grow market shares and increase customer base can look to growth marketing as a comparatively inexpensive and result oriented approach. Growth hacking can be leveraged by any organization regardless of the size and scale for growth and increase.
Growth hacking is reliant on the integration of four basic principles which are consistency, testing, measurement and inventiveness to drive sales upward.
In the course of this article, you will find an extensive list of growth hacking examples and approaches listed. However, these growth hacking approaches may be incongruent with your business. When it comes to growth hacking, testing and adapting your approach to meet your organizational requirements and prospective market is important. It is important to stress that a growth hack is a highly individualistic process that must be customized to the product or service type and cannot be traded off.
There are countless types of growth hacks and growth hacking techniques, all that is required is for you to scrutinize and identify the most suitable that you could adapt to your company’s product and potential market. There are an infinity of growth hacking examples and samples that have been used by many presently celebrated companies, you can explore the following listed samples that are succinctly exemplified below. I am going to give you 33 growth hacking examples to get inspiration from but I can ensure you there are so many more.
1. Facebook’s growth hack: “mentioning people”
Facebook is the largest social network in the world with approximately 1.8 billion monthly active users. While this may come as a surprise to some people, the biggest social network platform used growth hacking to implement its agenda and currently boasts of the largest traffic with an estimated 1.8 billion subscribers.
Through the use of email notification mechanisms, they were able to engender an unparalleled level of participation. People started receiving mails that they were tagged on Facebook. This ingenious approach was able to stimulate a heightened influx thereby making Facebook the biggest online success thanks to growth hacking.
2. Airbnb’s growth hack: “Leverage community of a larger community”
AirBnB is a website which lets people give out their empty rooms for rent to complete strangers by posting a listing on their site. The audacious growth hacking approach implemented by Airbnb was directly responsible for its success. Airbnb utilized Craigslist customer base as a springboard to success through a converse engineering combination that merged the customer base and creating an exponential online growth with Airbnb becoming a leading brand when it comes to house listings.
At this junction, the apparent question would be why other companies had not exploited this avenue before Airbnb. Craigslist had a thorough preventive mechanism that made it very difficult for other companies to access and integrate. However, Airbnb was able to maneuver the entire process without accessing the Craigslist code base. This ingenious and daring move by Airbnb made it into a giant with a dramatic rise in traffic and customer base.
Note: what people often forget when mentioning AirBnB growth hacking example is that AirBnB experimented a lot such as distributing flyers or going door-to-door before finding this CraigList growth hack.
3. Drорbоx’s growth hack: “2-sided referral program”
Dropbox is a cloud file hosting storage that gеnеrаtеd virаl growth thrоugh itѕ ‘Rеfеr a Friеnd’ ѕсhеmе. Exploiting the numerous advantages and approaches available to growth hacking would certainly foster the realization of desirable results just like in the case of Dropbox. Dropbox emerged as a company with an innovative idea that was centered on file hosting with cloud storage, organization, software and much more. It was apparent that this company had introduced an efficient dimension to office operations and file storage, retrieval and utility.
Like every other business, Dropbox began to explore advertising with little or no impact. In fact, the number of new signups fell far below the cost of advertising. It was clear that advertisement was not working. By implementing a referral system, Dropbox was able to stimulate a massive amount of traffic as people generally warmed up to referrals as they felt it to be much more credible than ads. The company witnessed exponential growth with more than 200,000 businesses on Dropbox. Dropbox was able to build an unassailable reputation while substantially increasing customer base.
By exploiting the benefits of growth marketing, Dropbox was able to get existing customers to undertake the responsibility of marketing to potential customers with a little incentive. Using the referral system Dropbox overcame a seemingly insurmountable challenge while reinforcing brand awareness and increasing customer base and support. This is personally one of my favorite growth hacking examples as it really results in a viral effect.
4. TicketMasters’ growth hack: “limited offer: FOMO – Fear of Mission Out”
Ticket Masters is an online company to purchase venue tickets (Concerts, sport events….). The company was able to push itself towards business success in the way of creating a timer to evoke urgency in the minds of target markets. This strategy worked very well for TicketMasters as they became a household name from this growth hack technique.
5. PayPal’s growth hack: “taking benefits of a bigger platform”
Paypal is an online payment system. The reputation of PayPal as a preferred online payment option began it’s after the company was able to penetrate the biggest online market in the world. When PayPal began its operations, it was not listed on Ebay as a payment alternative. This precarious situation was very harmful to the reputation of PayPal and would also affect its customer base as most people would likely to use a payment system that is accepted on Ebay.
Paypal employed growth hacking system which entailed the formation of thousands false accounts with the specific intention of claiming to use and prefer a PayPal payment option on Ebay. The results of this stratagem were remarkably outstanding as PayPal was able to break into Ebay customer base as Ebay had no choice but to agree to list PayPal due to the increasing demand for PayPal payment option.
This gave PayPal a huge boost with a big share of Ebay’s gargantuan customer base. With Ebay being categorized with existing giants like visa and MasterCard its credibility skyrocketed with tremendous concomitant benefits. In an attempt to intensify efforts, PayPal initiated a referral system with a monetary incentive to both parties that is the existing customer and the just added customer. This amplified referral system provoked a massive influx of customers with a rapid progression into becoming one of the biggest online payment option.
6. Quora’s growth hack: “behavioral study”
Quora exploited the benefits of growth hacking systems in the form of behavioral testing which was directed at understanding the peculiar attitude of users on the platform. By closely examining the behavior of various users, Quora was able to configure the site to behave in accordance to users behavior.
Then, by engineering and remodeling the entire process to meet users requirement. The testing approach which was implemented by Quora was an effective marketing approach as it opened up the company by increasing number of users dramatically.
7. Hotmail’s growth hack: “email signature”
Hotmail is a free, personal email service from Microsoft (Now call Outlook). Hotmail adopted an exceptionally brilliant growth hacking strategy that utilized existing customers sent emails which were embedded with a captivating message and a link that referred recipients of the letter to a page where they get to sign-in.
Hotmail’s growth hacking strategy is one of a kind because it is effortless and very effective with little or no additional cost. Once you send a mail, the email is embedded with a catchy message and a link. This approach was able to grow Hotmail exponentially with over 1 million users in a very short period of 6 months. The surreptitious marketing technique adopted by Hotmail was very beneficial to expanding the market share over a very short period of time.
8. Gmail’s growth hack: “exclusivity hack”
Gmail is another free email service. Gmail growth hacking technique was geared towards creating a distinctive image and an ambiance of uniqueness which made it a sort after by many people. Gmail began by allowing only invited individuals to sign-up. This arrangement made many people eager to join the email network. This impression caused a rapid influx into Gmail email service with a staggering increment in user base over a short period of time.
If you love hotmail or Gmail growth hacks, you should know that email marketing is the best marketing tool to convert leads into sales. You might be interested by this article explaining you how to create great email marketing campaigns.
9. Twitter’s growth hack: “working on retention”
Twitter is a social media or a “social news media”. Just like all of the aforementioned companies, Twitter is a very practical example of the applicability and relevance of growth hacking as it was used to overcome the peculiar challenge of gaining and losing customers almost immediately.
Twitter had a powerful reputation as a social information media that was built with strategic publicity and awareness. In the case of twitter, its publicity had overwhelming customer engagement which culminated into a very vibrant reception with millions of users over a short period of time. While this was the case with twitter, the social platform began to notice an undesirable trend which was characterized not being able to keep users on the platform.
Using growth hacking approach, Twitter was able to test and uncover the nature of user experience on the platform which prompted them to remodel the platform for improved user experience. Prior to the remodeling, users were not motivated to stay because there were little because people could not really catch on as there were no friends to interact with.
However, with the autosuggestion feature, which provided a long list of potential followers, people started to find the platform much more engaging and user retention went up instantaneously. By comprehensively testing and remodeling twitter, users became more likely to stay as the challenge which they formerly struggled with was obviated completely eliminated.
This growth hacking technique is fundamental to boosting sales, conversion rates and overall profitability as clearly demonstrated by twitter.
10. Puma’s growth hack: “influencer Marketing”
Puma is a shoes, clothing and sportswear company. The strategy adopted by puma is forthright and can be applied by many products and services. Puma was worn by the greatest footballer of all time, and was brought to the notice of the world when he stopped to tie is shoe lace during an important match. This was the defining moment for Puma, as everyone knew that Pele wears Puma. This was leveraged by Puma for company success and profitability.
11. LinkedIn’s growth hack: “having your own discoverable profile on Internet”
LinkedIn is a professional social network. Linkedin utilized growth hacking technique to attain tremendous success over a short period of time with an exponential growth from 2 million to 2oo million users. Linkedin is a professional and business network that utilizes growth hacking technique by allowing customers to create their own profile.
This approach offers staggering benefits to clients by allowing their names and company information to pop up more readily when searched on search engines, which provoked a heavy traffic to the network. The key to success is solely based on allowing customers the chance to create their own profile.
Do you want us to apply some of these growth hacking examples to your business?
12. Clinklе’s growth hack: “waiting list”
Clinkle is a mobile payments company. The company had a great start with sponsorship from financiers which accrued to a whopping $25 million. Clinkle adopted a growth hack strategy that presented a waiting list to fresh users that showed a long list of users above them. The queue could be maneuvered by spreading the word about Clinkle on social media and so on.
This technique converts fresh users into Clinkle marketers as they market to their network of friends on various platforms. This strategy has a lot of credibility and exploited the social networking of fresh users to bring in hundreds of new users.
13. Reddit’s growth hack: “Giving feeling that platform is active + Easy process to signup”
Reddit made use of direct links to provide content and a convenient sign-in arrangement to create tremendous amount of content with little or no hassle. At the onset, Reddit did not have enough content and views to create buzz and to pull users. So, both founders submitted all the content with fake accounts month after month until they got some traction.
However, with the implementation of this growth hacking strategy, Reddit was able to boost content and provoke a hefty community of users. Convenient registration was an effective growth hack that Reddit exploited for success.
14. Mailbox’s growth hack: “waiting list + viral video”
Mailbox was a freeware email management application for mobile phones. Just like Clinkle, Mailbox used a growth hacking system that creates a long queue that new users would strive to get ahead of by provided a major boost for the application. The queue growth hacking system increased the value of the mailbox application, making it anticipated by many who eagerly join the application. Additionally, the integrated approach and features of the mailbox offers had a profound impact on pulling a large number of customers.
The use of a viral video certainly increased overall awareness by creating an irresistible buzz that increased the number of users.
15. Pinterest’s growth hack: “exclusivity + keeping users stay longer on the platform”
Pinterest is an image-sharing social network. Most people are drawn to things that appear classy and prestigious which is the focus of Pinterest growth hacking strategy. The online social platform was able to create an impression of exceptionality with the use of an invitation only arrangement which made many prospective users eager to join the platform.
Apart from the use of this growth hack, Pinterest also modeled the site to appear endless which unique approach to engaging users was for a long time. The use of the scrolling method was preferable as it had a way of captivating users thereby causing them to spend much more time on the platform. Pinterest was able to evoke an impression of exclusivity through the invitation scheme and they also designed the site to engage users for extended periods.
16. Mint’s growth hack: “content marketing”
Mint is a personal financial management service. The company adopted a content driven approach towards promoting their brand and stimulating growth. The growth hacking approach used by Mint was entirely focused on providing considerable amount of well-written content articles with exciting features that focused on some the most interesting aspects of finance.
With this approach, Mint son became one of the foremost blogs as they were able to create an unassailable reputation for themselves as an authority in the world of finance. Content marketing is now used by so many companies and I have countless examples of content growth hacks. I recommend you to check content marketing tactics to improve your content strategy.
17. Uber’s growth hack: “in-Real-Life hack + leverage offline advocacy”
Uber Transportation Company introduced a totally new dimension to car transport with a very upfront growth hacking technique that convinced investors and business owners in the SF area with a distinctive campaign that involved driving them around the area. This brilliant approach to marketing was able to generate a lot of buzz for Uber, while penetrating the market instantly, which was a fantastic way to gain grounds and achieve growth.
18. Lyft’s growth hack: “in-real life / offline marketing too”
Lyft is Uber’s main US competitor. After noticing that most of his users had trouble locating their driver, they had the idea to add a pink moustache put at the front of all of their cars. The effect was twofold since in addition to solving a problem, these pink moustaches that wandered in the city nourished many discussions allowing the brand to gain notoriety.
19. OKCuрid’s growth hack: “content marketing”
OKCupid is a dating site. Here is again one of the many growth hacking examples involving content marketing. The company used content driven campaign to propel user traffic and brand success. The site was developed to provide a substantial amount of information and graphics which attracted a lot of users to the platform.
Also, the dating platform incentivized potential users which large amounts of data which allowed new users the opportunity to explore the platform and enjoy its many interesting features. The growth hacking strategy adopted by OKCupid was both content based and the use of free data which incentivized people to join the platform.
20. Tinder’s growth hack: “offline event organization”
Tinder is a dating app. Tinder is probably one of the biggest dating platforms with a commendable status for some of the most impressive campaign strategies. Tinder used some of the most creative strategies to stimulate growth at an unprecedented rate. The approach adopted by tinder is clearly demonstrated by the Kiss (keep it simple stupid) campaign which created a lot of sensation amongst many youths in the country with highly targeted campaigns in colleges.
This is why their growth hack was to organize Tinder FRAT parties on Universities around the world where the only “fee” was to download the free app. The user base of Tinder grew astronomically while thrusting Tinder into becoming one of the foremost dating sites.
21. Youtube’s growth hack: “making sharing easy”
Youtube is a video-sharing website. The flexibility and convenience offered by Youtube is one of the reasons why the company has gained massive users and has enjoyed an unchallenged dominance of the online video content category. Youtube growth hacking strategy is fixated on facilitating upload and distribution of video content.
This innovative approach and engineering adopted by Youtube, makes video distribution convenient for users to take videos from Youtube and upload it on various sites. This made Youtube an online video archive for many people looking for content. Furthermore, people saw Youtube as a platform to display videos and get ratings and publicity. All of the growth hacking tactics offered by Youtube made it into one of the biggest online success of all time.
22. Squidоо’s growth hack: “gamification”
Squidoo was a revenue-sharing-article website (Closed in 2010). Squidoo adopted a very convenient approach to content creation that allows users to generate their own content without having an understanding or the know-how of html. This very fascinating approach increased the user base of Squidoo as many users enjoyed creating contents on the platform. Content creation was incentivized with badges which made users all the more excited to create content on the site. Squidoo experienced exponential growth with high returns from affiliate sales and advert placement.
23. Buffer’s growth hack: “purchasing related product and integrating them with each other”
Buffer is social management and sharing tool. Buffer has grown tremendously through the acquisition and implementation of their solution to other sites. The growth hack the company employed was acquisition of the Digg Digg floating share bar. After they purchased the social sharing bar, they used the Buffer button on it by default.
Buffer has been able to take over many social platforms to which they introduce their Buffer feature which makes the site much more appealing, while attracting a large number of users.
24. Michel&Augustin’s growth hack: “Storytelling”
While Starbucks sought to expand its range of products, they pre-selected a list of suppliers and asked them to send products for tasting at a steering committee. Rather than sending their recipes, Michel&Augustin challenged themselves to fly to Seattle and hand-deliver the package to Starbucks CEO, Howard Schultz. To get visibility, the brand created a craze around this event by filming their adventure. They were finally chosen by Starbuck and were able to meet Howard after his wife had heard about them on social media.
25. Dе Bееrs’ growth hack: “creating a hook / a need”
The growth hacking strategy adopted by De Beers is nothing short of ingenious and brilliant. Due to economic hardship which in the late 30’s diamonds were increasingly becoming obsolete and was considered by many as an obsolete fashion trend for the super wealthy.
This perception certainly was not good for business and De Beers knew just what to do about it. De Beers at the time had purchased substantial amounts of diamond rings and decided and decided to create a viable avenue to sell these rings and at a profitable rate of course. In the bid to achieve this, De beers began making engagement rings and somehow managed to create a cultural shift that viewed the size of the diamond (rock) on a ring as a reflection of a man’s love for his bride.
This growth hacking example was very successful and has remained the norm till today. This growth hacking approach has set the standards for marriage in many parts of the world and seems to be inextricably connected with weddings.
26. Instagram’s growth hack: “cross-posting”
The social networking success utilized a very strategic growth hacking approach to gain instantaneous popularity and success. Instagram which happens to be a picture sharing network, was designed with a great deal of flexibility that allowed for users to share pictures on Instagram on other social networks from the Instagram platform directly.
This feature was quite remarkable as it not only hacked into the user base of other social platforms but also gave Instagram a heightened level of publicity and an exceptional opportunity to carry out free publicity and display its unique pictures to millions of users of various social networks. This growth hacking strategy escalated Instagram users with over 500% increase over a period of one year.
27. Booking’s growth hack: “Search Engine Marketing”
Booking is the largest online hotel booking platform. The way they grew might not seem very original but this is how they hacked their growth: they just spend a tonne of money with Google AdWords. You know these Google ads you see on the search engine. I am sure you have searched for hotels on Google before and if you had you probably ended up on Booking. This strategy was huge for customer acquisition and exposure.
28. Zynga’s growth hack: “grind, spam or pay”
Games like FarmVille, MafiaWars or Zynga poker were available for free on Facebook and have made more than one addict. Zynga set up a model called Grind, Spam or Pay that offered 3 choices to the user: rowing to advance, spamming all your friends with invitations or paying. This had a huge viral effect. But unfortunately for them the party did not last forever because Facebook put an end to spam.
29.TripAdvisor’s growth hack: “Mastering SEO”
Hotel recommendation and review site Tripadvisor started out as white-labeled SEO company. This helped the startup having a deep knowledge and understanding about SEO. When TripAdvisor pivoted, thanks to the company’s commitment to SEO, the company always ranked high in travel related searches. Moreover, the constant flow of new comments boostsTripAdvisor SEO juice, with a relentless addition of new reviews.
30. Whatsapp’s growth hack: “word-of-mouth”
Whatsapp growth hacking approach was totally inexpensive and effective by being entirely focused on creating the services that people need. The application was not only efficient; it was tailored for convenience with features that brings a new dimension to effective communication.
The pervasiveness of the app was largely promoted by word of mouth publicity which is the most credible forms of promotion. The key to the inspiring success of Whatsapp is simply hinged on creating a product that is functional, effective and productive.
31.Sроtifу’s growth hack: “cross-sharing”
Spotify is a music and video streaming service with features and functionalities that are very impressive. In other to create awareness, and increase users, Spotify designed the service in a way that allows users to post songs on Facebook. The growth hacking strategy is quite fascinating as Spotify could now access many users on Facebook who would like to share their songs on the platform as well.
32. Netflix’s growth hack: “directly talk and outreach to clients”
The company started in the DVD rentals business and is now the most successful video-on-demand channel. Netflix was able to drive growth by targeting communities of interest. To spread the word, the company used a pretty simple tactic: going to online forums and communities frequented by avid DVD renters. With this strategy, Netflix planned to have a soft launch but this approach went viral and the company received 100,000 orders in the first 3 months without the need of any marketing.
33. Slack’s growth hack: “making a user-centric product by working directly with target audience”
This is my favourite growth hacking example because it really shows how they followed the growth hacking process. Slack is another business that utilized growth hacking strategy to increase business sales and grow customer base. The business platform began with an approach that concentrated on experimenting with a relatively tiny specific market segment. Indeed, they were working closely with just a few startups.
With all of the findings they were able to collate from this market, they began to remodel the platform incorporating all of the ideas. The platform was designed to satisfy all of the requirements that provoke active usage. Slack did not require any form of promotion before it caught on like wild fire and is currently being used by millions of subscribers globally.
So, how these growth hacking examples can help your business?
I showed you 33 growth hacking examples and I hope this will help you get creative to find your own growth hacks. Whether you have entrepreneurial DNA or not, I hope these growth hacking examples will help you get inspiration. It is nearly impracticable to utilize another company’s growth hack strategy. Growth hacking examples cannot be shared or copied by companies as it is a process that must be carefully tailored to the peculiarities of the product, business, competition, target market and other distinctive variables.
In line with the aforementioned, a proper implementation of a growth hack strategy would require a series of experimentations, A/B testing, market analysis, product remodelling and other relevant processes. All of the information gathered would be used to modify product, medium, strategy and much more for an astounding result. Having a strategy and processes in place will improve the odds to drive your startup toward success and not failure.
Growth hacking is a specialized process and must be implemented to soothe the business for sure success. If you still want to start integrating some growth hacks. I suggest you to start with basic principles. Basic principles for the effective implementation of a growth hacking system would include the following:
•Uniqueness: This is the foremost consideration when implementing a growth hack strategy. Your number one priority would be to easily differentiate from the clutter and from competition. This is the most persuasive and compelling appeal that a growth hack strategy must bring to the table for success.
•Freebies: freebies are always attractive to potential customers and very effective way to expand market share exponentially. People are often inclined towards free which makes it a very beneficial appeal to buttress in your growth hack strategy.
•Meet a need: your growth hack strategy must be able to identify and solve a challenge. This is the most effective way to boost growth and profitability. When your growth strategy offers exceptional benefits that upgrade customer’s lives in a unique way, then you can expect exponential growth as many customers would be drawn to your product.
Your growth hacking strategy must test the product and identify various customer needs which should be incorporated into the business for success.
For instance, you don’t want to stаrt a rеfеrrаl program at the beginning if your customers don’t like your product. This would be useless. This is the mistake that many startups do. Instead of studying their target or working on their product, they just copy growth hacks they’ve heard. Then, they are surprised to see this is not working.
What you want to do is get inspiration from these companies and understand the process they follow before to find their own growth hacks. Follow a growth hacking process and you will find new growth hacks that fit your business.
At Growth Hackers, we can help you find and define your unique growth hacks. We don’t copy growth hacking examples and strategies of others, we actually implement a growth hacking process in order to find unique growth hacks for your business.
On – 07 Feb, 2017 By Jonathan