Growth Mindset

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GROWTH MINDSET A MENTAL FRAMEWORK FOR STARTUP GROWTH. Nopadon Growth Mindset 01.

Transcript of Growth Mindset

Page 1: Growth Mindset

GROWTH MINDSET

A MENTAL FRAMEWORK FOR STARTUP GROWTH.

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Distro Hacker for 500 Startups.

Growth Marketing 16+.

Growth for Huddle. Consultancy: 6 Years.

Severe Resting Bitch Face.

WHO AM I?

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little intro…

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500 Startups In-House Distro Team World-Class Growth Hackers

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Video Gamer Community & Game Reviews

SEO

Organic Site visits from4-7K visits a day to 45-50K visits a day

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PAST WORK.

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PAST WORK.10th employee

Users : 0 to 100K+ in a year

increase LTV by 550% Reduced CAC by 86%

Aha Moment

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PAST WORK.first employee

Revenue : 0 to £100K MRR+ in 3 years

SEO: 115th to 3rd in a year

Created inbound funnel

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Largest MMA Brand in Asia

Top search rankings

300% increase in Traffic and in 3 Months

CONSULTING WORK.

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A TYPICAL CONVERSATION WITH YOUR VC:

I need some money so I can get users and make you money…

07.

“ “

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WHAT IS A GROWTH MINDSET?Who in your

organisation is responsible for

growth?

Do you have a growth team?

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THE TRUTH

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YOU’RE IN THE DANGER ZONE.1.Limited amount of money & resources.

2.must show traction or you’ll die

3.must get out of this zone to survive

4.time is against you.

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THE MINDSET

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NUMBER OF GUESTS STAYING WITH AIRBNB

15M

10M

5M

2010 2011 2012 2013 2014 2015 0

17M

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THERE IS NO MAGICAL MARKETING

CHANNEL

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WHAT IF I TOLD YOU IT WAS THIS?

Process!

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HOW DOES YOUR DEV TEAM WORK?

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LOOK AT ALL THE DATA THAT IS AVAILABLE TO US

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CHANNELS/TACTICS COME AND GO

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YOU ARE UNIQUE.

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GROWTH IS NOT ONLY TOP OF FUNNEL.

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RETENTION SLIDE

80000

60000

40000

20000

user

s

time

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IT’S A SCIENCE

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IT’S AN ART. WE ARE OBSESSED WITH SIMPLICITY.

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LET IT GO…

YOU WILL FAIL.

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RESIST THE SHINY OBJECT!

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IF YOU CAN’T TRACK IT, DID IT HAPPEN…?

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1. A collection of tactics or tricks

2. getting lots of sign ups

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GROWTH HACKING IS NOT:

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Lots of companies who have grown a shit ton without tradition brand marketing and mass marketing advertising campaigns

WHAT IS GROWTH

HACKING?

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1.SEO

2.Product

3.Perfomance Marketing

4.Conversion optimisation/AB testing

WHAT I FOCUS ON:

5.Persona and Proposition testing

6.User Testing

7.Content marketing

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FOR EARLY, EARLY STAGE STARTUPS…

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GROWTH MUST BE GENUINE* There is no point

trying to grow a shitty product…it won’t grow.

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• There is no point trying to grow a shitty product…it won’t grow.

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The #1 problem I’ve seen with startups

I’ve advised, has been they don’t actually

have product/market fit when they think

they do.Alex Shultz –

““

VP Growth Facebook

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WHERE IS THE LINE BETWEEN PRODUCT AND MARKETING?

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1.You solve a genuine problem

2.You do it better

3.You are aligned with your customers

4.Get more people to the wow moment, more often, as fast as possible

WHAT IS YOUR WOW MOMENT?

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1. Great product market fit+

2. MAU, 31 days, 32 days etc.

3. If you don’t have this, then don’t try to scale

user

s

time

80000

60000

40000

20000

RETENTION REVISITED

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GROWTH TEAM

REVISITED1.Growth is an Organisation wide priority.

2.What is your “North Star”

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OMTM 1.What is your One Metric That Matters?

2.MAU, Sends, Rides Booked, Nights Booked etc.

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FOCUS ON ONE USER

1.Why are they churning… find out and fix it!

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NET PROMOTER SCOREDETRACTORS

Net Promoter Score = % Promoters – % Detractors

PASSIVES PROMOTERS

0 1 2 3 4 5 6 7 8 9 10

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NET PROMOTER SCORE CONT’D1.Order of magnitude better

2.Banks charge 5% they charge .5%

3.Set hard KPI’s for NPS

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1.You must establish product market fit!

2.Smoke test!

DON’T WAIT TO MARKET

YOURSELVES

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WHAT WE FOCUS ON @

THE DOJO1.Understanding your customer needs

2.Communicating your proposition

3.Reaching and building trust and credibility with new users

4.Building a growth engine

5.Identifying your growth levers

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Thank youWake up Kick Ass Repeat!

THANK YOU!

WAKE UP KICK ASS REPEAT

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