The last ten years have seen an entirely new form of marketplace emerge, brought on by the increased prevalence of smartphones and increasing trust in online platforms. More and more businesses are establishing themselves around the ‘peer-to-peer’ model, otherwise known as the sharing economy.
Even though having an idea may seem as enough for getting your startup on the right path, keep in mind that in 2017 almost every industry is already saturated. This is why, in order to be off to a good start, your business might need a strong push. Here are four basic growth hacks that can help your startup gain a competitive edge from day one and in no time be able to stand up to its much larger niche counterparts.
The sole objective of a growth hacker is to grow the number of users for a specific product. Over the last few years, we see more and more products growing from zero users to millions at galloping rates – growth hacking tactics have become a must for everyone who wants to grow.
The idea is, that for every decision a company makes, a growth hacker should ask: ”What will be the impact on growth?”
Here are some of the most effective growth hacking strategies to implement in the early stages of your startup:
Start-up businesses are experiencing a growth in popularity right now. 2014 saw more businesses registered than any other year. While it’s great that lots of new businesses are being formed, it also means that there’s more competition out there. So what can you do to keep your start-up business growing? Read on for some useful tips.
Let’s look at being a lean mean startup machine. You need users before you have a product or getting an idea of if people need your product. In an interview based podcast your product is your recordings between you (the interviewer) and your guest (the interviewee). How do you get guests onto a podcast that doesn’t even have a website (you have the domain, and an email with the domain but that’s it). There is just a (insert your webhost) construction page.
Anyone can have an e-commerce website. But the difference between having a successful e-commerce website and one which itself becomes a financial drain is the conversion rates you achieve – that is, the number of people who actually buy something having arrived on your website.
In the lifetime of every startup, there comes a point when the venture is ready to scale and looking for potential directions of growth. Determining which ones are right and which are wrong isn’t easy – and that’s when a skilled growth hacker comes in and saves the day. A “Growth Hacker” is someone who can come up with scalable and sustainable growth strategies – he isn’t just a marketer, but a person whose sole purpose at the company is to focus and realize its expansion goals. Here are 6 good reasons why you should think about hiring a growth hacker right now, unless you want for your startup to face some serious problems.