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syafrizaladi Growth Hacking metrics

5 Growth Hacking Metrics

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syafrizaladi

Growth Hackingmetrics

So...What is Growth HacKing ?

syafrizaladi source : reddit

GRoWTH HACKiNGis a marketing technique developed by technology startups which uses creativity,

analytical thinking, and social metrics to sell products and gain exposure.

syafrizaladi source : wikipedia

GRoWth

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hackingKey Metrics of

a a R R RACQUISITION ACTIVATION RETENTION REFERAL REVENUE

syafrizaladi inspiration : pusher.com

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1. Acquisition: users come to site from various channels2. Activation: users enjoy 1st visit: "happy” experience3. Retention: users come back, visit site multiple times4. Referral: users like product enough to refer others5. Revenue: users conduct some monetization behavior

aquisition

SEM

SEO

PR

www.website.com

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Marketing Channels:

• largest-volume (#)

• lowest-cost ($)

• best-performing (%)

Aquisition

Acquisition Methods

SEO / SEM

Blogs

Email

Social Media & Social Networks

Domains

AcquisitionWhere are users coming from?

activation

SEM

SEO

PR

www.website.com

Targeted PageProduct Features

DO lots of Landing page & AB testingMake a lots of Dumb Guessess & interate FAST

Activation Criteria:

• 10-30+ seconds

• 2-3+ page views

• 3-5+ clicks

• 1 key feature usage

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Aquisition

Key Metrics to Track

Pages per visit

Time on site

Conversions

ActivationWhat do users do on their first visit?

retention

SEM

SEO

PR

www.website.com

Targeted PageProduct Features

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Automated emails:

• lifecycle emails @ +3, +7, +30d

• status / “best of” weekly / monthly

• “something happened” emails

BUT:

• make it easy to unsubscribe

Tip on emails:

• > 80% or more on SUBJECT LINE

• < 20% or less on BODY TEXT

Aquisition

Key Metrics to Track

Source

Quantity

Conversions

Visitor Loyalty

Session Length

RetentionHow do users come back? How often?

referal

SEM

SEO

PR

www.website.com

syafrizaladi

Aquisition

Targeted PageProduct Features

Referral

Focus on driving referrals*after* users have a“happy” experience;avg score >= 8 out of 10

Referral Methods

Send to Friend: Email / IM

Social Media

Widgets / Embeds

Affiliates

ReferralHow do users refer others?

revenue

SEM

SEO

PR

www.website.com

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Aquisition

Targeted PageProduct Features

Referral

Biz Dev

Ads, Lead Gen, Subscriptions, ECommerce

This is the part *you* still have to figure out…

Revenue Tips

• Don’t Rely on AdSense (only)

• Start Free => 2% “Freemium”• Subscription / Recurring transactions

• Qualify your customers -> Lead generation (arbitrage)

• Sell something! (physical or virtual)

RevenueHow do you make money?

Additional References:

• Influence: The Psychology of Persuasion Robert Cialdini (book)

• The Mating Mind Geoffrey Miller (book)

• Putting the Fun in Functional Amy Jo Kim (etech 2006 preso)

• Futuristic Play Andrew Chen (blog)

• Don’t Make Me Think Steve Krug (book)

• Designing for the Social Web Joshua Porter (book, website)

• Startup Lessons Learned Eric Ries (blog)

• Customer Development Methodology Steve Blank (presentation, blog)

• Startup-Marketing.com Sean Ellis (blog)

• Understanding Comics Scott McCloud (book)

Links and Resources

THANK Y0Usyafrizaladi