Growth marketing is the marketing strategy used by growth hacking agencies, which tends to help businesses hack growth in small duration. Growth marketing is very experimental and focuses on areas that can bring maximum change to people and enterprises. The growth marketers focus on improving the AARRR, which stands for awareness, acquisition, activation, revenue, retention, and referral.
In this article, we will understand the stages that the growth marketing teams follow to boost your company’s productivity and sales.
Inspects the Areas which Needs Immediate Attention and Action
The first action in the process of growth marketing is looking for areas that require immediate attention. Try to scan each room and then make a list of the things that need changes and improvement. Please keep a record of the things you change and what significant impacts it makes. Have a baseline for all the major AARRR factors and build a strategy on it after quickly scanning all the areas.
When you know the current level with the base data of your company, you can quickly identify the areas which are your expertise and where you need any improvements. Plan a strategy according to the data mentioned in your baseline, break the strategies into small objectives, and focus your attention on achieving them.
Try to be Experimental about the Focused Areas
Firstly, you can create the growth marketing strategy in your mind that your design needs to be a hypothesis. After the first step of identifying the areas that you need to work on, the second step is to be experimental while designing the growth marketing strategy for it. After briefly discussing the things you should modify, you can make techniques to improve it.
Keep extra attention, as growth marketing is all about being experimental and complex. Do not jump; keep it at a slow pace. Make small changes and note how it is working. After you are satisfied with the work, you can go forward with the planned approaches.
Growth hacking agencies need to be focused and peculiar about the actions that are implemented. You can create a hypothesis that can accept significant changes and modifications. One key point you must remember is to make a hypothesis that is smart enough to handle all the sections rather than just attending one particular segment.
It should be easily measured on different terms; only then will you be able to determine its competencies as a plan. You can even make anti-theories that can be a challenge for your planned hypothesis. It creates an extra line of safety for your idea.
Time for Action and Implement of your Hypothesis
Here, the main task begins when companies start implementing the actions that they have planned in their mind. In this step of growth, hacking agencies start acting on the strategies designed by growth marketers for businesses.
You must have the patience to understand the happenings and outcomes of your strategies. You can allot a timeframe for your approaches, note the results, and look for what changes have been encountered. Make sure to point out the statistics that majorly impact the data and information about the business for good growth hacking.
Refrain from jumping to a conclusion by just witnessing the first phases, and wait until the new modifications adjust themselves. As growth marketing is experimental, it is customary to notice drastic changes but not hurry or panic.
Concentrate on one thing at the moment to record everything in its place, so there is no chaos and running after various points at one time. There are times when your question about your plans makes a difficult situation, but do not worry; focus on the movements.
Analyzing Your Plan and the Results Recorded
After you have implemented the actions according to your plan, the next step is to analyze your planning and what results it has provided you. The simplest way to explore your strategies is by comparing the results you got from the actions implemented to the initial plans that were running before.
You can analyze your plan according to the effectiveness and efficiency it provides in various tasks of the companies looking for excellent business growth hacking. Look for goals you achieved and the spots you still need to look at. Make sure it is noted for future readings and the scope for improvements.
You can even make a list of questions asking about the satisfaction level achieved, the need for improvements, what suited the best, and what was the worst among all.
Don’t Stop and Move Ahead with Your Next Experiment
It is the last step that growth marketers never miss, which makes them the best among everybody. They never stop after one experiment, whether they were successful or not. Growth hacking agencies recommend never containing at any point in their business, making them guaranteed success for businesses.
The main objective of the growth hacking agencies is to provide growth and development, and there is no stoppage in this way.
Look for any changes that require your urgent attention and start working on it or if everything is working fine, try to improve it with new experiments. It is the way to success and how growth marketing works.