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GROWTH HACKING MAGIC? GOING BEYOND THE HYPE TO TAKE YOUR BUSINESS TO THE NEXT LEVEL [INBOUND 2014]

HubSpot
Marketing en HubSpot
30 de Sep de 2014
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GROWTH HACKING MAGIC? GOING BEYOND THE HYPE TO TAKE YOUR BUSINESS TO THE NEXT LEVEL [INBOUND 2014]

  1. Growth Hacking Magic? Sean Ellis September 17, 2014 CEO of Qualaroo, GrowthHackers.com Twitter @seanellis Going Beyond the Hype to Take Your Business to the Next Level
  2. About Me • Founder/CEO of Qualaroo & GrowthHackers.com • Previously VP Marketing for customer zero to NASDAQ IPO filing at LogMeIn and Uproar.com • Then interim marketing exec roles at Dropbox, Lookout and Eventbrite
  3. Extreme Competition for Attention $0 $20 $40 $60 $80 $100 $120 $140 $160 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 US Online Ad Spend per User 3.5x @seanellis
  4. Rapidly Evolving Channels 0 20 40 60 80 100 120 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 WOM Email MySpace Facebook Craigslist Twitter iOS Android James Currier @seanellis
  5. Yet Some Huge Startup Successes Little or no traditional marketing… @seanellis
  6. GROWTH HACKING MAGIC? @seanellis
  7. No –Rigorous Process of Experimentation 1. Ideas 2.Prioritize 3.Test 4.Analyze 5.Optimize @seanellis
  8. The Dropbox Growth Story • Freemium reduced allowable CPA • Natural advantages to grow with collaboration and sharing • Catalyze sharing with double sided referral program • Optimize conversions on sharing loops • 300 million users with no traditional marketing @seanellis
  9. Desperation Drove Startups to Innovate • Aggressive targets, tight resources • Traditional approach not realistic • Had to think rethink growth… @seanellis
  10. The Growth Hacking Playbook • Experiment with all available growth levers • Understand what’s driving growth, test to improve it • Heavy focus on product and optimization http://www.michiganemploymentlawadvisor.com/
  11. B2B or B2C? • Growth hacking isn’t just for consumer-focused companies. • B2B often requires integration with sales process. @seanellis
  12. HubSpot’sGrowth Hack –Free Tools @seanellis
  13. Yammer –Engineered User-Get-User @seanellis
  14. LinkedIn -Engineered User-Get-User @seanellis
  15. PUTTING GROWTH HACKING TO WORK FOR YOUR BUSINESS @seanellis
  16. Finding Your Own Growth Hacks • Areas of exploration • Process, team and tools @seanellis
  17. Some Areas of Exploration • Platform integrations • Engineered user-get-user • Free tools Examples 25+ M users @seanellis
  18. Areas of Exploration (Cont) • Powered by • Reverseengineer success Examples @seanellis
  19. Success Data: Airbnb’sPro Photos • Airbnbdiscovered that listings with high-quality photos received 2-3x bookings • Airbnbinvested in professional photography • Booking activity explodes as desire increases @seanellis
  20. Other Growth Studies for Inspiration @seanellis
  21. Experimentation is Key to Success • Generate many ideas for experiments • Prioritize by impact, confidence & effort • Balance high impact & high probability tests @seanellis
  22. GOAL: INCREASED UNITS OF GRATIFICATION
  23. Double Down on Success • Challenge is not finding many channels that work, but rather finding one. • Often your best growth opportunity is to double down what’s already working.
  24. Growth Team Often Needed • Multi-disciplinary • Cross functional • Evangelize experimentation culture “Growth team” complements existing marketing team @seanellis
  25. Some Helpful Tools • Analytics — Identify drop-off points and under-performing pages (e.g. Google Analytics, KISSMetrics) • Qualitative Insights — Uncover the why behind the numbers (e.g. Qualaroo, SurveyMonkey) • A/B Test — Find better performing combinations to drive conversion rate (e.g. Hubspot, Optimizely) @seanellis
  26. Relentless Execution of Growth Process 1. Ideas 2.Prioritize 3.Test 4.Analyze 5.Optimize @seanellis
  27. Key Takeaways • Emerging marketing challenges require all to rethink growth • Growth hacking is based experimentation, not silver bullets • Add process/team to maximize number of experiments • Get inspiration from data, VOC and what’s working for others @seanellis
  28. Questions? THANK YOU. Sean EllisCEO of Qualaroo & GrowthHackers.com Twitter: @seanellis
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