As a result, the process loses its flexibility and fails to fulfill its function, which is why growth hacking is usually more effective in startups and small businesses, usually in the technology or digital field. Stages of Growth Hacking Growth hacking is a process. It makes no sense to start experiments without a methodology, to apply techniques without a goal.

Everything You Need

Therefore, we will now cover the stages of this czech republic phone number list process so that you can achieve faster and more cost-effective results with growth hacking. Find out what they are! Stages of Growth Hacking Source:. Product-market fit creates a product that people want to use: it is the foundation of marketing, creating startups, and of course, growth hacking.

The first step you need to do is to think about target audience segmentation the alignment between your product and the market. Product-market fit is about creating a product that the market wants and meets its needs. This is often the reason why many products fail, because they choose the wrong market or do not take into account the needs of the public. Therefore, in order to complete this stage, it is necessary to understand people’s needs and desires, their motivations, their buying process, and then develop products that they want or need to use.

What do entrepreneurs need?

We’re not necessarily talking about creating a bz lists completely disruptive product. Often, making small changes to a product a company already sells or a process it already uses can meet a market need and bring incredible results. This is a technique created by Sean Ellis to check if your product has market fit. It uses a questionnaire to investigate how your customers would feel if your product no longer existed.

Raphael illustrates these difficulties well: “

If more than 100 people respond that they would be “very disappointed” (as opposed to “indifferent” or “somewhat disappointed”), then you’ve achieved product-market fit. . The second phase of growth hacking involves applying growth hacking. This is where the team develops hypotheses, experiments The goal is to determine which changes can produce faster and cheaper results, and to do this, growth hackers must study the product and, based on their expertise and intuition, find holes and growth opportunities