Showing posts with label Growth Hacking. Show all posts
Showing posts with label Growth Hacking. Show all posts

Wednesday, May 3, 2017

Growth Hackers: 3 More Growth Hacking Strategies to Boost Business (Based on Insights from Zapier)

As a growth hacker, you’re obsessed with growth. That’s pretty obvious. But beneath all that, you’re also constantly in pursuit of tools that enable you to work fast, efficiently, and effectively. And that’s where automation comes in. As a Communication Studies major with a concentration in Digital Media also studying Integrated Marketing Communications, I’ve been digging through news and research on workflow automation, and I’ve come across 2 articles on Zapier.

How Zapier, an API SaaS pioneer, views the industry today by Annie Musgrove and Ed Shelley at Chart Mogul, features an interview with Zapier’s Co-founder/CEO, Wade Foster. In addition to Foster stating the “unbundling of point-specific apps” is an inevitability of the industry, the interview covers Zapier’s startup growth story. Most notably, Foster shares how team used gut calls to focus on apps that they believed were already popular. As he puts it, they essentially “brute forced” their product development to build traction. Fortunately, this 80/20 approach worked. By focusing on their own personal list of the top 50 web apps, they attracted attention, and soon inbound interest was flowing in with minimal effort on their part. To maintain this growth traction, Zapier then adopted a Freemium model. This allowed its user base, both acquired and potential, to get in and play with the product in a way that was personally relevant to them. The result? Users found high value in Zapier for their workflows, and Zapier officially became a sticky product in their lives. Obviously, Zapier’s early stage strategies were successful. Today, the company manages a library of over 800 web apps which its users can hook up together to create customized and complex workflow automations.



Workflow automation is important to growth hackers

Source: Force Talks

Rather than sharing on the company’s story, the second article, Growth Hacking Automation With Zapier by Apostle Mengoulis at Growth Rocks focuses on the product itself. Mengoulis provides a detailed overview of how to spur growth with automations for Lead Management, Lead Nurturing, and Content Marketing. His guide for each area is comprehensive, and effective. His Zaps allegedly allowed him to grow his lead generation conversions by 38% in a month since he could properly track leads and use that spare time elsewhere. In aggregate, his suggestions are compelling in that they encourage fellow growth hackers to 1) reexamine how they work 2) identify areas that can use improvements 3) break down their processes into small steps 4) string them back together to perform a larger task in a quick and efficient manner.

Based on my review of these two articles and my relevant studies at Northwestern University, here are 3 growth hacking strategies we learn from Zapier that should be implemented for success:
  • Use Brute Force -- You need to cover all your bases and execute relentlessly with what you know works before experimenting with nuanced tactics
  • Let Them Taste -- You need to save yourself some effort and give leads the opportunity to sample your product/service so it has a chance sell itself
  • Stack Your Processes -- You need to outline simple workflows that stack up and piece together into a bigger picture with huge optimization benefits
Growth hacking is inherently a very interdisciplinary practice; there are many ways to approach it. Still, using others’ successes as a model for your own has its benefits. With that said, take some time to review your work performance, and see if there are opportunities to apply these 3 Zapier-inspired growth hack strategies.



Lisa Larbi (@LisaSLarbi) is a digital marketing enthusiast with a passion for nurturing growth. She will be graduating from Northwestern University in June 2017 with a major Communication Studies with a focus in Digital Media, as well as a minor in Business Institutions and a certification in Integrated Marketing Communications.

Monday, May 9, 2016

To FinTech Executives: Three actions to bolster your IoT strategy


To FinTech Executives: Three actions to bolster your IoT strategy
To ride the impending FinTech wave, IoT has emerged as a fruitful possibility. As a FinTech and startup enthusiast, I always look out for new possibilities and ideas to create value and spur innovation. To stay ahead of the curve, I have identified three key strategies to maximize your possibilities of success.

João-Pierre S. Ruth, in his recent Xconomy.com article, covered one of the leading technology startup accelerators in the country, Techstars, opening a new accelerator in New York that will solely focus on the development of IoT (Internet of Things) primarily at with an interesting focus on B2B. The key will be to tap into a market that will be focused on IoT at an industrial level as this is a far less regulated market than that at a consumer level. Furthermore, the prospect of harnessing the power of industrial data, especially in the FinTech industry can be immense. 

Sarah Kocianski of Business Insider, debriefs us on the latest in FinTech investments in her recent article. We are continuing to see new investments in the insurance technology market particularly highlighting the importance of tapping into industrial markets that are relatively less regulated. It discusses the combination of IoT in insurance tech particularly with wearables and the possibility of trackers in cars to monitor and structure effective auto insurance policies.

Based on these articles and my interest in the industry here are three action items I foresee for the coming cycle of innovation that you can leverage to be ahead of the curve:
●      Thinking Industrial - Thinking about IoT at an industrial level
●      Bigger Data, Faster Analytics - B2B and an industrial focus widens the scope for data collection at humongous scale. It is imperative that this be met with smarter, more efficient analytics infrastructure
●      B2B is Scale - Operating in B2B markets will lead to scale and faster adoption/growth


Innovation through technology excites me and I am always eager to see the development and creation of new markets by groundbreaking ideas and products. I am a senior at Northwestern University, tech enthusiast and in pursuit of unique opportunities in the San Francisco Bay Area. Nihar Bobba is a tech enthusiast and aspiring tech entrepreneur. Feel free to reach out to him on LinkedIn or Twitter.