Top Growth Hacks From The Founder Of Growth Hacking Idea
Thanks so much to Aladdin for spending the time to answer all of my questions!
Perfect growth hacker – is not a person, it's mindset that should be part of every person in marketing department and every other department. This mindset should be vital part of your company's culture.
Can you hire a growth hacker, who will change your corporate culture, mindset of every single person in your team, if you and your team don't want it?
You can hire a growth hacker, who will be the only person with growth hacking mindset, but his results, his efficiency will be super low.
If you already have a team, that doesn't have growth hacking mindset, you can hire a coach, but you as CEO should be the first one to apply this mindset. If somebody on your team doesn't want to follow and apply new mindset, this person should be replaced. Everything is connected and interdependent.
Here's an example. One day I created a growth hacking training for my team to help them absorb growth hacking mindset. It was 5 hours long. In a week after that one of my developers generated and tested an idea that saved us $200K on marketing. He applied growth hacking mindset to his area of responsibility (programming), focused on growth and delivered result that is impossible to deliver by hiring an isolated growth hacker. This is how it works.
Growth hacking optimizes processes, optimizes costs, delivers 100x more results for 100x less money and 100x less time. It's progress. Can you compete with this sort of efficiency? No. Your company will die. Every company that doesn't want to follow progress eventually dies. Do you want your company to die? No? Then you should follow progress.
Here's a cool graph on this:
One day an idea hit my head, what if I share these inspiring growth hacking case studies with other struggling entrepreneurs like me. And 8 hours later – I launched the GrowthHackingIdea newsletter. I shared my favorite growth hacks and applied them to the newsletter :). In 4 months it grew to 20K subscribers. I discovered that among my subscribers there are people from Amazon, Google, Facebook, TechStars, Coca-Cola, Disney, Uber, etc. It was unbelievable.
BTW, I wrote a detailed article on this. You can check it out here.
There are a lot of techniques for getting traffic from Google.
They're worth it, but require a lot of time and effort.
The way I will tell you about today is the smartest and easiest one I have ever seen.
It will help you to get to Google's page #1 literally in 10 minutes.
Here's the hack:
1. You need Serpstat for this
2. Go to "SEO Research" — "Positions"
3. Input quora.com into the search field
4. Add 3 filters:
4.1. Keywords + Includes + your keyword
4.2. Domain's position for a keyword + Less than + 10
4.3. Search volume according to Google AdWords + More than + 100
5. Hit "Apply filter"
6. Scroll down to the keywords
7. There you'll find a list of keywords where Quora is ranked on page #1 of Google.
8. Open each URL and add your awesome, super valuable answer with a link to your website.
9. Boom! Your answer is instantly on page #1 of Google.
#1. New startup: $100K in a month (study)
It can take you ages and tons of investment to make money from your startup (though no guarantees).
This study says – no.
Topo managed to make $100,000 in 30 days after launching.
Here are their steps you can replicate:
1. Ryan loved his standing desk but found his legs fatigued fast.
2. Decided to solve this problem himself.
3. Experimented – and after a while designed a mat with calculated terrain to drive healthy movement and postural variety.
4. Discovered that keyword "standing desk calculator" has low competition.
5. Created "Standing Desk Calculator" and started to collect emails.
6. Launched their blog "QuittingSitting" + collecting emails from it (check out these 3 frameworks on how to grow your email community).
7. From time to time offered their email list to beta test prototypes for free.
8. Incentivized their email subscribers to share (this trick increased the size of their list by 2,000%).
9. Launched a pre-sales campaign for their email subscribers.
10. Offered commissions from pre-sales to bloggers in exchange for featuring them.
11. After influencers tweeted about Topo, they ran a Facebook ad targeted to fans of that influencer, featuring that influencer's tweet. (smart :))
Result: They made $100,000 in 30 days after launch... before spending a penny on manufacturing their mats.
#2. One stupid-simple trick to DOUBLE your social sharing in 10 minutes [Twitter vs WhatsApp vs Facebook vs Slack]
Recently, I started to track what platforms our glorious GrowthHackingIdea community members use to share growth hacks. The results were very surprising to me. This experiment is based on over 75,000 sent emails during a week.
Email: [technically impossible to track]
Slack: 45.85% (OMG!) :)
Just by adding a "Share via Slack" button the number of shares on GrowthHackingIdea almost DOUBLED!
But there was an issue when embedding this button. I wrote a short article describing the free service I utilized and how I tweaked it to make the button work [stupid-simple trick].
#3. A story on how Heineken Brazil gained 1 million new Facebook Fans just by 1 post
In 2012, Heineken Brazil's Fan Page launched a famous real-time campaign called "One Like One Balloon".
The idea behind the campaign was to answer to every new Page Like by blowing up a green balloon and placing it in the Brazilian Heineken's office space. The videos with footage of the office space flooded with balloons were shot and uploaded to YouTube in real time.
1. The office space got full in just one day – 12,632 balloons.
2. After 6 hours – 500,000 people impacted on Facebook.
3. The whole initiative generated more than 1 million new fans.
— My subscribers asked me to give them access to the growth hacks they missed. So when I gathered 101 of my favorite growth hacks I put them together and published on Amazon. The book quickly became #1 best seller in "Marketing for Small Businesses" and remained among TOP 10 best sellers for a year. That was pretty surprising for me, as this was my first book on Amazon.
In short. There is something more important than growth hacking. If you don't have this, growth hacking won't help you. If you don't have this, you will scale your losses and your business will die. I'm stubborn, I didn't believe this. An it cost me 5 years of my life and $150K. You can follow my path :) as 99% of startups do. Or just learn from my experience.
So. The #1 most important thing that is even more important than growth hacking is Product/Market Fit.
What is Product/Market Fit:
1. This is not when your friends tell you: "Wow your idea is awesome, do it!"
2. This is not when people like and share your idea.
3. This is not when you discovered pain of your audience, invested 5 years of your time and $100K of your money to develop a solution.
4. This is not when you are first on the market to solve a specific pain.
5. This is not when your product is 10x-100x better/faster/cheaper, has 100x more features than competitors.
6. This is not when people tell you "We will pay you if you create it."
7. This is when people actually pay you for the product and feel grateful to you.
How can people pay me if there is no product?
Check out KickStarter.com, Indiegogo.com. If people prepay on these crowdfunding platforms, why won't they prepay to you if you solve real pain?
I didn't believe this and wasted years. After I wasted everything I had, I started to tell my community: "I will create it only if enough people prepay."
This is when my 5 fails in a row turned into 3 wins in a row. Since I started to apply this approach I never after lost any money and never after wasted my time on creating products that people don't want to pay for.
One of my friends was losing money for 3 years. He was testing various things and people didn't want to pay for them. He invested year after year, but gained only losses. I told him for 3 years – stop creating, ask people to prepay first. 3 years after he got tired of losing money, he decided to ask people to prepay, not believing in this idea that much. And you know what – yesterday he posted his happy face on Facebook with money in his hands from people who prepaid him for a product that doesn't exist.
Product/Market Fit before writing a line of code.
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These hacks are really awesome!
Thanks for sharing, Aladdin. Really look forward to implementing some of them.
My pleasure, Eugene.
Best growth hack tips, thanks a lot! Can use them on my site.