SaaSFest 2015: Accelerating Organic Growth Through High Tempo Testing

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Scaling Authentic Growth Accelerating Organic Growth Through High Tempo Testing December 9, 2015

Transcript of SaaSFest 2015: Accelerating Organic Growth Through High Tempo Testing

Page 1: SaaSFest 2015: Accelerating Organic Growth Through High Tempo Testing

Scaling Authentic GrowthAccelerating Organic Growth Through High Tempo Testing

December 9, 2015

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Key To Sustainable Growth Success

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Requirements for Organic Growth

• “Must have” product

• Compelling promise delivered on quickly

• Excitement about your product category

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Accelerate by Pouring Fuel on Fire

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But First Things First

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Validate Product Market Fit

• “Must have” product for large market

• Ask users “How would you feel if you could no longer use this product?”

– Very disappointed (40%+)– Somewhat disappointed– Not disappointed– N/A – I already stopped using

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Unlocking Organic Growth

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Research for Organic Growth

Understand “Must Have” Users• Who are they (demographics)?

• Why did they seek product (intent)?

• How are they using product?

Key Benefit - Narrow by Must Have• Ask 1st group: “What is key benefit?” (open ended)

• Ask 2nd group: “What is key benefit?” (multiple choice), “Why is that benefit important?” (open ended)

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Research for Organic Growth (P2)

Crowdsource product description

• Have you recommended this product? (Yes/No)

• If Yes, ask “How did you describe it?” (open ended)

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Optimize Organic Value Delivery

Home Page Messaging• Hook: A/B test “hook” based on intent

(best response)

• Promise: A/B test promise statements (stay true to “must have benefit”)

• Description: A/B test descriptions(best response)

Onboarding to “must have experience”

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Scaling Growth

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Product

Scaling Growth is Cross Functional

External Channels

Promise

1st Experience

Ongoing Experience

Acquisition

Activation

Revenue

Retention

Referral

biz dev/APIs Marketing

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Product

Core Growth Team Drives Testing

External Channels

Promise

1st Experience

Ongoing Experience

Acquisition

Activation

Revenue

Retention

Referral

biz dev/APIs

Marketing

Growth Team

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Building Core Growth Team

• Start with a dedicated PM Growth• Rest of core growth team can

initially be ad hoc• Add other dedicated people as

needed to hit temp goals• Example roles: growth eng,

designers, analysts, VP Prod, CEO

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Testing Drives Growth

• Day 1: No certainty about how you will grow

• More testing = More discovery

• Rapid testing across all vectors

AcquisitionReferralActivationRevenueRetentionResurrection

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High Tempo Testing: Twitter

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Growth Team Needs Effective Process

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Unbridled Ideation

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Unbridled Ideation

• Build large backlog of ideas (my team 500+)

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Inputs for Growth Testing Ideas

External Experts

Internal Experts

Ideas Tests Results

Core Growth Team Drives Process

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Prioritize Backlog

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Formalize ideas in Experiment Doc

• Include research, hypothesis, target lever

Keep general contributor ideas simple (no ICE)

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Compare Ideas by ICE Score

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Launch Tests

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Select Tests in Weekly Meeting

• Choose tests to launch (no brainstorming)• Assign a project manager to each test

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Example Growth Meeting Agenda

15 min: KPI review & update focus area

10 min: Review last week’s testing sprint

15 min: Key lessons learned from analyzed tests

15 min: Select tests for this week’s sprint

5 min: Check growth of idea backlog

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Capture Learning

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Capture Learning Details

• Every test leads to learning• Organize learning for easy access

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Share Learning with Team+

External Experts

Internal Experts

Ideas Tests Results

Core Growth Team Drives Process

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Example - oEmbed

• Data: Embeds = longer sessions

• Hypothesis: Same action = more embeds

• Result: 41% increase in embedded media

Slides

Videos

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Example Tests from Dropbox

Revenue test

Referral test

Retention/Revenue

test

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Sharing Landing Page

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Join GH Projects Private Betaat Projects.GrowthHackers.com

Purpose-Built Growth Collaboration System:

1) Team Ideation 2) Prioritize Testing 3) Capture Learning