What is Growth hacking and how it help any business

10 replies
I want to know about Growth Hacking what is that and how it help any business to grow in this competitive market
its is same as viral marketing or different
#business #growth #hacking
  • Profile picture of the author savidge4
    Originally Posted by PaulSmith0009 View Post

    I want to know about Growth Hacking what is that and how it help any business to grow in this competitive market
    its is same as viral marketing or different

    I would say an aspect of Growth Hacking is "Viral Marketing" but I would NOT say "It Is" Viral marketing. The overall premiss of Growth Hacking is to create a synergistic environment within your marketing efforts. You want to Aquire, Retain, and get Referrals. - Viral marketing unto itself would really only be Aquiring.

    Hotmail being probably the best example... you as a user send emails... they place a tag at the bottom "PS I Love You. Get your FREE E-mail." in a sense this would be viral.. the message is being sent out by the hundreds of thousands every day. The Growth Hack aspect is the referral by clicking the link and setting up a Hotmail account - referrals become newly Aquired users... that being the synergistic nature of growth hacking.
    Success is an ACT not an idea
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  • Profile picture of the author nocturnal911
    Its hard to say in a single sentence. It might help you
    All that you need to know about Growth Hacking
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  • Profile picture of the author HayleyS
    I suggest you to look at this definition: Growth hacking is basically a way that very small or brand-new companies use analytical tools to analyze who is using their products, and how, and then relentlessly pursue growth for their businesses. Also, you can read this article 6 Growth Hacking Tips To Improve Your Business Strategy and you will find 6 growth hacking tips which can help you to improve your business strategy.
    Hope this information will be useful for you.
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    • Profile picture of the author FinishMyGoals
      Originally Posted by I Love Webtools View Post

      I like this interactive infographic on growth hacking https://www.quicksprout.com/the-defi...rowth-hacking/
      Thank you. I have started reading this, and see that I am 70-80% a growth hacker, and it has shown me areas I can work on to get better.

      Right Brain+Left Brain=Bliss for what you work on.

      I took the one less traveled by,
      And that has made all the difference

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  • Profile picture of the author Rhoefnagel
    Growth hacking is a new process that combines traditional marketing, analytical skills and product development skills. It focuses on the idea that you understand your users first, let them discover and use your product so you can build features that will acquire and retain them as users.

    The term growth hacker was coined by Sean Ellis out of his frustration in finding the right fit for the job he does. According to him, “growth hacker’s true compass is north.”
    Entrepreneur and Growth Hacker at Growthcasts.co
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  • Profile picture of the author Froggys
    Infographic from above is great example of what is growth hacking
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  • Profile picture of the author DavidGWelch
    Im attaching an infography another user uploaded that has some very good insight on Growth hacking
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  • Profile picture of the author RadonRn
    Growth hacking is one of the best process for experimenting across different product development and marketing channels for identifying the most efficient and effective way for good growth of a business.

    It is important to note that growth hackers are engineers, marketers as well as product managers who use to focus on engaging and building excellent user base of a good business. For traditional marketing they also focus on low-cost alternatives. For example viral marketing, target advertising, or social media instead of making use of newspaper, television or radio.

    Growth hacking usually focus on long-term sustainability as compared to short term sustainability. It is all about lead generation and optimization. Expertise growth hackers make use of different product and marketing iterations such as email marketing, testing persuasive copy, viral strategy, SEO strategy and much more.

    For improving performance metrics, it also make use of social media, community management, personalized outreach for news outlets. Usually it has been noted that growth hackers make use of different techniques which include website analytics, A/B testing, content marketing, and search engine optimization.

    You can also increase your online business level as well as profit by making use of different growth hacking techniques for a successful business.
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  • Profile picture of the author onehalf
    Growth Hacking describes a new process for acquiring and engaging users combining traditional marketing and analytical skills with product development skills. In the past, marketing and product development departments were often at odds where marketing groups would be spending significant amounts of money to acquire users but couldn't get any development resources to build something as simple as new custom landing pages. And on the other side, product development teams would often build what they think users want and will attract users without deeply measuring and understanding the impact of their changes. This concept of "growth hacking" is a recognition that when you focus on understanding your users and how they discover and adopt your products, you can build features that help you acquire and retain more users, rather than just spending marketing dollars.
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