What's Growth Hacking Marketing Plan & How It Can Help [Infographic]
1 From pirates to growth hackers: AAARRR! Photo source: Pexels.com Most startups and small business entrepreneurs have heard the term "pirate metrics" thrown around. It's not some lofty snake.
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Funnel hacking is studying and analyzing your competitors' funnels and other successful marketing strategies and replicating those for your own business. The idea behind funnel hacking is to learn from the best in your industry and use their proven techniques across the various stages of a funnel.
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Growth Hacking vs Marketing Funnel Hacking. Growth hacking is a catch-all term for finding a repeatable sales & marketing system that accelerates a business' growth. It covers both the product and marketing sides of the business. Funnel hacking falls under the "marketing" part of the equation.
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In growth hacking, there are five funnel stages — acquisition, activation, retention, revenue, and referral (or AARRR). Affectionately nicknamed the pirate metrics ( to err is human, to AARRR, pirate, get it? ), one can pick a few metrics and view their performance to get a measure of how well their efforts are faring. Growth Hacking Funnel
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August 15, 2022 Posted In: Digital Marketing Navigating the complexities of business growth is challenging, but a well-structured growth hacking funnel can be your roadmap to success. While 65% of all businesses fail within the first decade, your venture doesn't have to be part of this statistic.
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A growth funnel is a customer-centric approach to marketing that uses data and technology to optimize the customer journey and generate more leads. It is commonly referred to as the "pirate funnel" or "AAARRR framework" because of how the latter sounds when pronounced as a single word.
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5 phases of the growth funnel; Growth hacking in a nutshell; As you'll see, true growth hacking uses a growth strategy framework. And it involves experimentation—the kind with hypotheses, tests, and iterations. So really, your job as a growth marketer is part lumberjack, part scientist. Which brings us to one of our first points: Growth.
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The Growth Hacking Funnel In marketing, the sales funnel is the process that guides the potential customer to purchase. The word 'funnel' conveys well the action of directing a large number of users to the end point.
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Growth Hacking Conversion Funnel. Under the umbrella of growth hacking, there is a core concept that has become indispensable: the conversion funnel, sometimes referred to as a growth hacking funnel. The idea encompasses the three basic steps that are central to establishing and expanding your user base, including attract, activate, and retain.
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The first piece of your funnel: Acquisition. During the acquisition stage, you should be wondering "How can I make potential customers find me? ". Your journey to find your customers starts at your {Total Market}. These are the people who would benefit from your products everywhere.
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11:22 am Nader Sabry Facebook Twitter The funnel (AARRR Funnel) is sometimes known as the sales funnel; the marketing funnels, the digital final; at the end, it's all a final. What was going to be taking a closer look at is the AARRR framework. The AARRR framework. It is a widely used and practiced element in the growth hacking area.
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— The Pirate Funnel is a growth framework that helps startups identify bottlenecks and growth opportunities in their user journey. What are the three stages of the funnel in growth hacking? — The three stages of the funnel in growth hacking are retention, recommendation, and revenue.
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The Pirate Funnel is used by growth hackers to find the weakest point of a business which you should focus on. The AAARRR framework (also referred to as the A3R3-funnel) cuts a company in six steps (Awareness, Acquisition, Activation, Retention, Referral, Revenue).
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There is no doubt, the Pirate Funnel is a key framework within the of growth hacking world. Although growth hacking hasn't been around for too long, the funnel though, dates back to 1898. That's right, more than a century ago. Before we were all born (I assume) E. St. Elmo Lewis, for the first time in marketing history, broke the customer.
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A growth hacker uses the entire funnel, including Retention and Referral, where most marketers look at Awareness and Acquisition. A growth hacker runs small experiments; he tests which directions work best/show most potential, where a marketer often works on bigger, long-term projects.
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Traditional marketing focuses on generating brand awareness and brand loyalty through advertising campaigns; growth hacking concentrates on improving key growth metrics — such as web traffic, email opens, conversions and subscription renewals — that are tied to the bottom line of the business.
