Growth Mindset
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Transcript of Growth Mindset
GROWTH MINDSET
A MENTAL FRAMEWORK FOR STARTUP GROWTH.
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01.
Distro Hacker for 500 Startups.
Growth Marketing 16+.
Growth for Huddle. Consultancy: 6 Years.
Severe Resting Bitch Face.
WHO AM I?
02.
little intro…
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500 Startups In-House Distro Team World-Class Growth Hackers
Video Gamer Community & Game Reviews
SEO
Organic Site visits from4-7K visits a day to 45-50K visits a day
03.
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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08.
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
09.
10.
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
11.
NUMBER OF GUESTS STAYING WITH AIRBNB
15M
10M
5M
2010 2011 2012 2013 2014 2015 0
17M
12.
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13.
THERE IS NO MAGICAL MARKETING
CHANNEL
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14.
WHAT IF I TOLD YOU IT WAS THIS?
Process!
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HOW DOES YOUR DEV TEAM WORK?
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15.
16.
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.
19.
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RETENTION SLIDE
80000
60000
40000
20000
user
s
time
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21.
IT’S A SCIENCE
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IT’S AN ART. WE ARE OBSESSED WITH SIMPLICITY.
22.
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LET IT GO…
YOU WILL FAIL.
23.
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RESIST THE SHINY OBJECT!
24.
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IF YOU CAN’T TRACK IT, DID IT HAPPEN…?
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25.
1. A collection of tactics or tricks
2. getting lots of sign ups
26.
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…
29.
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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.
31.
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
32.
WHERE IS THE LINE BETWEEN PRODUCT AND MARKETING?
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33.
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
34.
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35.
GROWTH TEAM
REVISITED1.Growth is an Organisation wide priority.
2.What is your “North Star”
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36.
OMTM 1.What is your One Metric That Matters?
2.MAU, Sends, Rides Booked, Nights Booked etc.
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37.
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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39.
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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40.
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
43.
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