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Between Content and Growth: how acquisition teams can collaborate to accelerate results GrowthHackersGrowthHackers Hale Schneider. I do growth marketing at GrowthHackers. I’m responsible for user acquisition for our main products: Experiments, Workflow (aka Contentools) and the GrowthHackers Community. The new marketing team What is growth hacking? Why marketing, content, and growth need to work together Step by step for companies with or without a growth team Go for Growth: Ideas to get you started AGENDA GrowthHackers DOWNLOAD NOW: bit.ly/GrowthRDSummit The new marketing team GrowthHackers The end of silos Traditional structures incentivize team members to work in an isolated way and tend to hold the marketing team responsible for all growth VS Fast-growth companies create growth structures that unify metrics and put all team members in the same direction. Without silos, everyone is responsible for growth. GrowthHackers GrowthHackers GrowthHackers GrowthHackers GrowthHackers Cross-Functional Teams GrowthHackers Team Structures Independent Team Growth PM Growth Engineer Growth Marketer Growth DA Growth Designer Growth Team GrowthHackers Team Structures Cross-Functional Teams VP Engineer VP Mkt Director Director VP Product Director VP Sales Director Growth Eng Growth Mkt Growth PM Growth Designer GrowthHackers Team Structures Mixed Structure Team VP Engineer VP MktVP Growth Growth Eng Growth MktGrowth Designer Growth PM GrowthHackers What is Growth Hacking? GrowthHackers What Growth Hacking is NOT Growth Hacking is NOT a silver bullet Growth Hacking is NOT executing any and all new ideas Growth Hacking is NOT cheating or blackhat techniques Growth Hacking is NOT a synonym for marketing Growth Hacking is NOT the solution to product problems Growth Hacking is NOT marketing that requires coding GrowthHackers What is Growth Hacking then? Growth Hacking is a continuous process Growth Hacking can be done by any team Growth Hacking is hard work and continuous learning Growth Hacking is having a culture focused on experimentation Growth Hacking is connected to product, marketing, and sales Growth Hacking can include coding (or not) GrowthHackers Sean Ellis - Founder of GrowthHackers.com "Growth Hacking differs from traditional marketing by creating a culture of experimentation that involves the entire company moving quantitative and qualitative metrics." GrowthHackers Growth & Content & Marketing Step-by-step collaboration GrowthHackers Step by Step for Content & Growth Teams Establish data-focused meetings (growth meetings) ● Start with the learnings: what worked and what did not work? For new content ideas: ● How will this piece help us reach our NorthStar metric? ● What is the impact (on the metric)? How will we measure it? ● How confident are we? ● How easy is it to produce? GrowthHackers CHOOSE YOUR NORTH STAR METRIC ● The metric that matters ● Quantify expansion of value delivered to all customers ● Every winning experiment improves your North Star Metric ● Avoid vanity metrics like registrations or downloads Facebook: Value: see friends updates NSM: daily active users (DAU) -> to value 7 friends in 10 days Uber: Value: $ for drivers, rides for riders NSM: Weekly rides -> to value: First ride/passenger CHOOSE YOUR NORTH STAR METRIC ~On Experiments SET UP YOUR GOALS FOR THAT PERIOD ● Use data & qualitative research to find high leverage opportunities for growth ● What will be the macro focus of your team/squads for now? ● What are the areas that will most impact your NSM? SET UP YOUR GOALS FOR THAT PERIOD ~On Experiments CREATE A HUGE IDEA BACKLOG ● Incentivize everyone in the company to speak up and share their ideas ● The burden of the idea backlog is something shared among the whole company ● Let them feel the ownership of that idea/test result CREATE A HUGE IDEA BACKLOG ~On Experiments NOMINATE YOUR HYPOTHESIS ● Use filters and ICE Score to prioritize your backlog of ideas I: Impact C: Confidence E: Ease ● Growth Leaders should be responsible for nominating the ideas they believe are worth pursuing NOMINATE YOUR HYPOTHESIS RUN YOUR GROWTH MEETING ● Hold team accountable for inputs/outputs ● Task oriented meeting ● Assess progress and learnings ● Decide next tests based on learnings ● Define minimum viable test ● Consider most flexible environment (1) Start by adding the current results of your objectives (2) Then analyze the results of your previous sprints (3) Time to pitch the nominations (4) Build the tasks, assign someone responsible, set a deadline (5) TEST! RUN YOUR GROWTH MEETING GATHER YOUR LEARNINGS ● As your team grows, tests evolve into something more complex, the amount of learnings increase and… ● Your knowledge-base becomes more and more valuable; ● Use the knowledge base to research tests that work and prevent rework; ● Retain the knowledge created through your tests! Download the spreadsheet bit.ly/GrowthRDSummit GrowthHackers GrowthHackers GrowthHackers GrowthHackers GrowthHackers GrowthHackers GrowthHackers GrowthHackers GrowthHackers GrowthHackers GrowthHackers GO FOR GROWTH Your customers Your competitors People you follow on social media People who follow you on social media Trending posts on forums (like GrowthHackers) Industry-specific #hashtags on social media Conference presentation topics (like at RD Summit) Newsletters Product-usage data Review sites (Yelp, TripAdvisor, etc) Thank you! hale@growthhackers.com
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