261-Hacking Growth-Sean Ellis-Business-2017
Barack
2020/08/08
"Hacking Growth" was first published in the United States in 2017. Business books. It mainly explores the concept of "growth hackers".
Sean Ellis. Born in Newport Beach, California, USA. He graduated from the University of California, Davis in 1994. He served as the marketing director of LogMeIn and Uproar. Served as a marketer for Dropbox, Lookout, and Xobni. Representative works: "Hacking Growth", "Startup Growth Engines", etc.
Part of the catalog
1. Chapter One: Building Growth Teams
2. Chapter Two: Determining If Your Product Is Must-Have
3. Chapter Three: Identifying Your Growth Levers
4. Chapter Four: Testing at High Tempo
5. Chapter Five: Hacking Acquisition
6. Chapter Six: Hacking Activation
7. Chapter Seven: Hacking Retention
8. Chapter Eight: Hacking Monetization
9. Chapter Nine: A Virtuous Growth Cycle
The author wrote this book based on his own experience and success stories. To provide advice to others, one needs to have at least two successful experiences. One success can be said to be out of luck. But if a person can achieve at least two successes, then his advice is worth listening to.
These successful people have carried out some form of innovation. But if readers want to follow the text, it is difficult to get results. Once a method is used extensively, its efficiency will be greatly reduced. This also means that we have to try innovative methods in the actual problems we encounter. Instead of just copying existing paths that others have already researched. Of course, the existing methods may still work. But it may not be the most cost-effective anymore.
Those entrepreneurs who have achieved success are rarely hit. They have often made multiple attempts. Before he achieved the most brilliant achievements, he often had many attempts. These attempts may be successful or failed. Previous attempts may be similar products, or they may be in completely different directions. But if we look from the back to the front, all these experiences will eventually become one of the indispensable cornerstones to the destination.
The resources that startups have are limited. If you want to find a way to break the game, you must seek the most cost-effective strategy. The problems encountered by startups are not the same as those encountered by large companies. A problem that is easy for large companies, but for small companies, it becomes a big problem due to the limited resources available. But on the other hand, because of its flexibility, small companies are sometimes more agile than large companies. This is where the small company wins.
These innovative methods may become the norm in the industry in the future. Not all methods are extraordinary or unimaginable. There are some methods that, once explained, are fairly simple. But even simple methods can be quite useful sometimes.
Sean summarized the successful method in his practice as Growth hacking and further applied this theory in future practice. This is the process of when people perceive things, from special examples to general rules, and then use general rules to solve more individual special events in the future.
In the Internet entrepreneurial paradigm, I found that there is often such a combination law. That is a person who is good at engineering, combined with a person who is good at product and market. If there is only the former, he may not be able to attract enough users. If there is only the latter, he may not be able to put his ideas into practice.
The first edition of this book was in 2017. The marketing method Sean mentioned was adopted by many companies in the industry as early as 2017. If an idea has been repeatedly proven in practice and written into a book, in a sense, it is no longer an innovative method. It may still work, but the effect it can achieve may be far less than before. Therefore, rather than learning specific methods, we should learn how the author thinks about breaking the game when facing problems.
Increasing the number of users is important, but I think the core is still to provide users with valuable services and products. What are our services and products? What can we bring to users? This is the most important thing.
For almost any product, expanding the user base is an important issue. I think a good product is a must, but it is far from enough. People don't always recommend things that he thinks are good for friends. There must be some kind of incentive mechanism to make people willing to recommend. Once one person is willing to recommend to two or more people, a chain reaction occurs.
Sean also cited some examples of the rapid development of large companies. All large companies have developed from small companies. There is a certain threshold in the development of the company. When the company breaks that threshold, it can grow rapidly. And form an extremely powerful barrier, but if he can't break through that threshold, then his fate may be short-lived or be acquired.
Growth hacking means not to achieve linear growth by increasing manpower. Rather, it is hoped that through engineering methods, users can actively share, so that each user becomes his salesman.
Except for a few lucky ones, they may be able to succeed in the first attempt. For most people, the effective method is gradually revealed after many explorations.
We are looking for new growth methods that are driven by data and tested by the market.
Hacking is a word used a lot in the computer field. Applying it to the market field means trying to break the barrier between marketing and engineering. Use engineering methods to solve growth problems.
For every company, user growth is a very important thing. This includes two levels of issues. One is to add new users. One is to retain old users.
Both large and small companies need to consider growth issues. The changes in this era are rapid. No one can guarantee that the dominance of a company will never be challenged. A company must make continuous progress. Even companies like Microsoft must make major adjustments every few years to meet the needs of the times. Even a giant python must shed its skin.
It is because of the rapid changes in this era. We not only need to find the answer through a lot of trial and error but also need to find the answer as soon as possible. Otherwise, even if you find the correct answer, you may miss the opportunity and not get the best opportunity for development.