In this presentation I breakdown growth into 4 parts, understanding your funnel (top 3 acquisition channels & bottle necks), defining your customer personas & metrics and lastly a walkthrough of my simple growth process.
Here's a link to my growth framework google spreadsheet: http://bit.ly/growthframework
For more information on growth hacking visit my blog http://sujanpatel.com or download my book: http://100daysofgrowth.com
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How to Create a Growth Framework
1.
2. Hi, I’m Sujan Patel
I run Web Profits, a marketing agency that help
companies leverage growth marketing
I'm a regular contributor at Inc., Forbes, WSJ &
Entrepreneur
I'm the author of Content Marketing Playbook
& 100 Days of Growth
3. ➔ 15,000+ Customers
➔ 5000+ Customers
➔ 1,000+ Customers
➔ 15,000 Users
USING THIS FRAMEWORK I’VE HELPED:
11. ➔ Social Advertising, Advocacy & Inbound
Marketing
➔ Inbound Marketing, Advocacy & Community
➔ Advocacy, Influencers Marketing & Community
➔ Advocacy, Influencers Marketing & Community
MY TOP 3 CHANNELS
17. •Traffic
•Qualified Leads
•QL to SQL Rate (or trial to paid customer conversion rate)
•Conversion Rate
•Cost to Acquire Customer (CAC)
•LTV
•Average Order Value (or Average Contract Value)
•Repeat Customer Rate
•Churn Rate
•Month over Month (MoM) Growth
OTHER IMPORTANT
METRICS
23. 1. Focus 40% of your efforts on increasing
traffic
2. Focus 40% on bottle necks
3. Focus 20% on on short term opportunities
& throwing shit at the wall
HOW TO GET STARTED
24. IT’S OKAY TO THROW SHIT AT THE WALL
(20% OF THE TIME)
25. 1. Define your goals (be specific!)
2. Brainstorm ideas (based on bottle necks)
3. Identify resources
4. Prioritize
5. Execute
6. Measure
7. Rinse & repeat
MY SIMPLE GROWTH PROCESS
26. Startups: Prioritize based on highest impact,
least effort
Everyone Else: Prioritize based on highest
potential gain, least time to implement
HOW TO PRIORITIZE