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Top 10 Growth Hacking Strategies For Small Businesses in [2019]

Growth hacking tricks and strategies are bound to increase your chances of survival in leaps and bounds. Growth Hacking Strategies For Small Businesses.

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Top 10 Growth Hacking Strategies For Small Businesses

For most businessmen, ‘growth’ stays on the top priority list of their organizational goals. Sometimes back, I conducted a survey among various self-employed marketers and asked the respondents to cite their business goals. Majority of the business owners claimed that their main objective is to achieve a 40-50% growth in ROI this year, as compared to what they had achieved in 2018.

However, for most startups, growth seems to be a farfetched dream, especially due to their budget constraints. Research claims that nine out of ten startups (approximately 90% of the startups) fail to make a mark in this cut-throat competitive market mostly due to limited budget.

But what can bootstrapped startups do to ensure that their business is a part of that 10% that eventually succeed? Well, the answer is growth hacking. Though running a newly established business seems to be a monumental challenge in the initial days, specific growth hacking tricks and strategies are bound to increase your chances of survival in leaps and bounds.

Growth Hacking Strategies

If your 2019 resolution plan had ‘growth’ on the top list of priorities, here are a few growth hacking ideas you must try out immediately.

1. Offer a freemium version of your product

A simple yet effective way to attract a large number of consumers who will spread awareness about your products and company offerings is to offer a freemium (Free+ premium) version of your services and products. Skype, Eventbrite, Dropbox used this technique to achieve immense growth within a very short span of time. To make this tactic work, you must ensure that the free version has a high perceived value from the end-users. Though this strategy of reduced-price offerings might not work for every company, they do provide an excellent opportunity to bring customers in and promote fast growth.

2. Automate as much as possible

One of the vital steps you must take to ensure that your startup maintains high levels of productivity is to implement technology that automates time-consuming, manual processes.

Take some time to assess your company’s needs and decide the types of software that would benefit your business. There are loads of software you can choose from to decrease your overburdening workload. For example,

  • CRM Software: The all-in-one-CRM automates sales, marketing assignments and support automation, and also lets you integrate tons of apps in the same platform (thereby improving collaboration and reducing technology costs).
  • Marketing automation: In case you are not using CRM, you will need to invest in a separate marketing automation tool to streamline your marketing processes.

With features like lead generation web forms, email marketing, landing page builders and many more, these automated tools will help you to increase brand awareness and attract new leads.

3. Double down on content marketing

Content marketing also costs much less than traditional marketing and will be an excellent place to focus on your growth hacking efforts. For example, a company called Movoto got inspired by the content marketing strategy of BuzzFeed and Upworthy and grew its viewership from “2,000 to 18 million views per month.” by applying them to its real estate blog. Content marketing generally encompass a gamut of things like,

Whichever form of content you write, the key to success with your content marketing strategy will be focus and consistency. Joe Pulizzi, the founder of Content Marketing Institute, said that it takes almost 15 to 17 months of consistent content marketing (on an average) to observe positive monetization.

4. Make use of social media

Social media deserves special mention when it comes to growth hacking. This vital content marketing tool is capable of attracting large communities of people. As per social media examiners 2017 report, more than 65% of small businesses leverage social media for increasing their marketing leads.

You can promote your content on Facebook, Twitter, LinkedIn, with a call to action to create a sense of urgency. Active social media presence will encourage your followers to go through your content frequently, which will eventually lead them to your product-purchasing page.

Growth Hacking Strategies Social Media

5. Invest in viral marketing campaigns

This low-cost, creative and engaging strategy, if done right, helps marketers reach out to their potential audience base instantly (sometimes within just a few hours). A successful viral content can boost your revenues up to 40 million dollars (as happened in the case of Blendtec) if everything goes right. Though this is an extremely useful method of boosting your conversion rates, engineering a viral marketing campaign is no walk in the park. A marketer needs to analyze various successful viral contents to come up with a foolproof viral marketing plan.

It also becomes essential to find the right distribution channels to ensure the content reach the ideal audience. Go through this article to learn the strategies of formulating viral campaigns that are aligned with the context of your audience and triggers an immediate response.

6. Train your employees on the software you use

When you invest in automating your tasks and streamlining operations, it’s imperative that you provide the basic training to your employees (on how to efficiently and successfully leverage that technology.)

Most high-quality technological solutions require rigorous training to ensure that your team fully understands how to use your new systems and is able to utilize them to the fullest of their capacity. If you want to know more about robust on boarding and training program, check out this excellent article about software implementation and on boarding.

7. Build your target community

Another powerful growth hacking strategy is reaching out to a community where your target audience is already situated or building your own community. Have you ever given a thought about how Tinder, the dating app, grew from 10 million users in January 2014 to 40 million in December 2014 (especially with the already established fierce competition in the market)? It’s because it targeted a specific niche.

Through previously there were several dating apps for all types of individuals, Tinder specifically targeted college students (essentially those in their fraternities and sororities). Starting your growth efforts from a highly segmented user base, then expanding to reach more audiences is a brilliant way of practicing growth hacking.

8. Leverage Referral programs

A referral program is also a great technique for growth hacking. All you need to do is ask the existing customers to refer your services to their friends and acquaintances by offering them some amount of incentive for doing so. The best time to ask for a referral is immediately after you have made a successful sale.

Various businesses give virtual cash, discounts, and extra subscriptions for referring their services to others. This will not only motivate the current users to buy more often from you but provide you with an excellent opportunity to retain the old customers and also get new ones in the process.

9. Leverage Guest posting

Most startups use guest blogging to increase traffic to their websites. You can use guest blogging to sell your products on other brand’s websites as well. This remarkable strategy not only helps you increase traffic through link clicks but also through SEO marketing. The backlinks you generate by posting your content in high-authority websites help you rank higher in Google search results, thereby increasing your traffic. However, there are certain things you must keep in mind to make the most out of your guest post content.

  • The guest post should be informative and not filled with promotional content (this will ensure that the readers keep coming back for more content and information)
  • Ideally, you must insert only one link of your own website in the guest posting content and use proper anchor text to lick it with your website.

10. Make use of influencer marketing

Do not restrict your growth hacking strategies by doing all the work yourself. Collaborate with the influencers to broaden your scope of generating the ROI you had planned. Almost every marketing expert claims that influencer marking is one of the best growth hacking strategies.

A recent Twitter survey found that more than 40% of users make a purchase, as a result, of a tweet from an influencer. Your influencer can be anyone starting from journalists, celebrities, popular social media personalities, bloggers or anybody who has a dedicated fan following on social media. And since they are greatly trusted and respected by their followers, an endorsement from them will boost your brand credibility as well.

On a final note, growth hacking is not like usual marketing plans that you can implement slowly and gradually into your business strategies. It often demands willingness to experiment and the ability to adapt to change quickly. You must take time to conduct market research on your products to make sure you know what your customers want.

Then prepare questionnaires to get feedback on your products, look for inspiration from other companies that have successfully used growth hacking and most importantly, don’t be afraid to experiment with ideas. Once you narrow down on an idea that works, be consistent, commit to it, and growth will inevitably follow.

Helpful Resources:

1. 16 Best (free) AMP – (Accelerated Mobile Pages) WordPress Plugins in [2019]

2. 16 Best Free SEO WordPress plugins for your Blogs & websites in [2019]

3. 16 Most Important On-Page SEO Factors To Boost Your Ranking Faster in Google [2019]

4. SEO in 2019 [Tactics That Work] & How To Learn SEO in 2019 Hustle-Free

5. What is On-Site (On-Page) and Off-Site (Off-Page) SEO?

Gracie Anderson is the strategic director of a content marketing farm in Europe. Sje is also an expert with over 10 years of experience. He has a great passion for teaching due to which he has associated himself with MyAssignmenthep. Through this student-friendly website, he guides the students with their CPM Homework and various other types of assignments.

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Business

How To Maximize Cloud Computing For Your Business

If you’re a business owner and have been using cloud computing, this article will discuss several methods that will help you maximize cloud computing for your business:

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How To Maximize Cloud Computing For Your Business

As time passes by, technology advances to advance. With everything going digital now, the traditional use of portable hard drives is slowly disappearing. The best example is how businesses continue to take advantage of cloud-based services for convenience and mainly to increase their productivity. If you’re not familiar with cloud computing, it pertains to the delivery of services that stores and access data via the internet. It commonly includes servers, cloud storage services, online databases, and many others.

Most companies turn to cloud computing for security, data synchronization, and convenience. Flexibility and collaboration are also common factors. One advantage of using cloud computing services is that it reduces operating costs. Though it’s not often mentioned, sustainability is another reason why companies switch to cloud computing. Moving to the cloud lessens the usage of physical data centers, thus saving energy and reducing the impact on the environment.

There are many ways of improving your business with cloud computing. However, there are still companies that are yet to discover the full capabilities of cloud computing. If you’re a business owner and have been using cloud computing, this article will discuss several methods that will help you maximize cloud computing for your business:

1. Improve Security

Your chosen cloud provider comes with a security system. Because of this, your files are most likely safer in the cloud. However, essential cloud services only offer basic security, so you still have to be careful. Security breaches can badly affect your business. Hackers make these attacks, but sometimes they could also be caused by an employee.

How To Maximize Cloud Computing For Your Business

One way of improving cloud security is to employ features that help monitor end-user activities. By spotting suspicious usage patterns and activities, you could prevent a security breach. Training your employees and equipping them with security tools is the best way to prevent such attacks. This could be further enhanced by setting up additional security protocols and educating them on cybersecurity. Another way is to restrict access to important files. You can do this by setting passwords on such files.

2. Utilize File Syncing and Organization

The right cloud infrastructure solution for your business will provide your team access to the newest files anywhere. Instant file synchronization is another benefit of using the cloud. The cloud is a virtual location where you and your team can conveniently share files. This is very useful for businesses that allow employees to work remotely. With a stable internet connection, your staff can work from anywhere in the world and access files on any device, allowing flexibility.

Also, cloud data storage has a similar structure to a filing cabinet, where files are stored in folders within the storage (filing cabinet). It’s essential to construct a storage layout and establish a standard labeling system if you’re sharing access with your team. Organize your files from the beginning and as you go. This will make it easy to find and identify files whenever they’re needed.

3. Back-Up Data

Backing up data is another crucial security consideration in businesses. Similar to file syncing, you can update your backup data as you work with the cloud. The cloud can duplicate the data you input into another site (off-site) where they’re secure from threats. This will also enable you to access the backup data when an error occurs conveniently. More importantly, it guarantees business continuity and reliable data recovery.

4. Optimize Communication

Use cloud computing services that offer more features that optimize communication, like calendars and emails. This will help you arrange meetings more efficiently. You can even facilitate more extensive collaborations and set synchronized deadlines for projects.

Cloud computing data center. Storage cloud on computer data center background. 3d illustration

5. Monitor Data Analytics

Look for cloud providers that offer big data analytics. This will enable your cloud service to collect data about your business’ buyers, trends, performance, etc. Then, these data can be calculated to identify growth opportunities. Other data analytic services collect information that may help create solutions to your business’s workflow problems.

6. Stay Up-To-Date

System updates are a must in cloud services to patch up bugs, address technical issues, and adapt to the changing consumer needs. So, when there are system updates, make sure to implement them once you’ve verified compatibility where applicable.

7. Use Social Media

Social media is possibly the most successful platform in digital marketing. However, it is often overlooked as an application of cloud computing. Social networking sites will help you find your customers and easily share data with them through page posts.

Final Thoughts

Although there are numerous ways to maximize cloud computing for businesses, these are the most helpful. With the increased use of cloud computing, companies can quickly improve and boost their productivity and efficiency when these services are maximized to their full potential.

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