Remove Acquisition Remove Community Remove Cost Remove Viral
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Acquire New Users by Adding Growth Hacking to your Marketing Strategy

ConversionXL

Neither would have achieved virality had customers not received something tangible for their efforts. Acquisition. For each potential channel, look at: Customer acquisition cost How many customers you can reach Whether the channel reaches the right audience. Image source. Instead, focus on reaching the right people.

Retention 113
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7 Team Attributes That Can Make Any Idea Come Alive

Startup Professionals Musings

There is an old saying in the startup investor community, “Smart investors invest in the team, not the idea.” Similarly, mentioning viral marketing without specifics won’t assure fundability. Investors expect to hear annual revenues, average margins, customer acquisition costs and sales pipelines.

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Why The Haters are Wrong About Growth Hacking

Both Sides of the Table

” Sean later went on to found the community GrowthHackers.com amongst other businesses. We spend a lot of time trying to get people focused on building products that have viral components and why that has to be measured and constantly tested. Why do I Like the term Growth Hacking?

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7 High-Performing Ecommerce Marketing Strategies for 2022

ConversionXL

Common examples include: Average order value; Sales conversion rate; Cart abandonment rate; Customer acquisition cost; Customer lifetime value; Bounce rate; Click-through rates; Pop-up engagement rates; ROI (return on investment; Average inventory sold per day. From here, attach valid marketing metrics to each goal.

eCommerce 129
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Increase Repeat Purchases with Cohort Analysis

ConversionXL

In my daily work with ecommerce brands, I see two types of companies: The first type focuses on acquisition and conversion. Overall acquisition costs for both B2C and B2B have gone up by 50% in the past five years. To offset these costs, you need to earn more repeat purchases from existing customers.

Retention 126
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YouTube Strategy Lessons from a Channel with 1.6 Million Subscribers

ConversionXL

Whereas a blog post needs just a computer to type, a video requires an understanding of lighting, audio, storytelling, editing, and community building. If you’re creating videos only for your own content, then it might make sense to host it on Vimeo and drive people to a landing page (or product pages), and not try to build a community.

Channel 129
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7 Keys To Using Social Media to Kickstart Your Brand

Startup Professionals Musings

Viral videos, personal anecdotes, and informal surveys would likely be counterproductive. Most businesses need a mix of offline and online marketing, promotions, loyalty programs, and community involvement. Always gauge progress by business indicators, like customer acquisition cost and customer satisfaction.