2 weeks ago I wrote about helping a friend launch their ebook and doing $25k+ in sales the first month.
What I didn’t write about was the 5-step growth hacking framework I stole from @GrowthTribe to make it happen.
Use this framework to test for product-market fit and growth🧵
Why do I like frameworks?
Frameworks help eliminate guesswork.
When you’re stepping into uncharted territories, it’s easy to get lost.
What should take a few days takes a few weeks because you’re unsure what the next step is.
When I first started out, I was always searching for frameworks relative to what I was trying to accomplish.
It helped me eliminate wasted time, effort, and money.
This means quicker answers.
Quicker answers mean progress.
I’m all for that.
People have already accomplished similar goals to what I’m going for, so, why reinvent the wheel?
Just steal the wheel and modify it for your needs/brand.
I did this last year when I took G.R.O.W.S. framework from @GrowthTribe
And, it’s very well named.
What is the G.R.O.W.S. framework?
It’s a 5-step framework used for experimenting before scaling.
For example, experimenting with a product, ad creative, funnels, landing pages etc
It stands for:
G - Gather Ideas
R - Rank Ideas
O - Outline Experiments
W - Work
S- Study Outcome
We used it specifically to first test product-market fit.
We then used it to test growth.
It didn’t let us down.
Let’s quickly break down each step.
1. Gather Ideas - Talk to consumers, interview them, use polls on social, email them a question, send a questionnaire, surveys, etc. After getting first-hand data use it to brainstorm ideas based on your learnings.
2. Rank Ideas - Based on your goals and feedback -- rank the ideas from best to worst.
3. Outline Experiments - You picked your idea, now it’s time to outline how you’re going to test it. Outline what you’re testing, what you’re tracking, how long are you testing for, etc.
4. Work - Everything is outlined. Now, get it up and running as fast as possible. Give yourself a timeline, add a to-do list, and get crackin’.
5. Study Outcome - Analyze the data for insights. Determine what works and what doesn’t work. Scale what works.
Here's how I used it:
1. Gather IDeas
We already knew his audience wanted a fitness ebook/program.
We just didn’t know which kind.
So, we:
- Used social polls on IG story
- Used posts asking for answers/comments
- Sent a 3 question questionnaire via email
We collected all the feedback and brainstormed what product to create.
The best part about talking to your audience?
They'll tell you what they want.
You have to build it.
2. Rank Ideas
His audience told us they wanted:
- A 12-week fitness program
- w/ minimal equipment
- For Unconventional workouts
- Less than an hour
This made it easy to rank our ideas.
We connected the dots and knew what we were going to put together.
We set the goal of getting 50 presales the first day -- we hit over 75.
We wanted over 100 presales in over the course of the weekend - it hit over 150
This let us know one thing: people want this
We then focused all our efforts on scaling this bad boy.
This is another thread in itself but after we used this framework to determine product-market fit, we used it to scale growth.
The same framework to test 3 different funnels via paid media.
It helped us determine top:
- Creative
- Placements
- Copy
- Landing Pages
Tomorrow, I’m dropping a thread on the AAARRR framework that I also stole from Growth Tribe to troubleshoot problems and scale for long-term growth, so make sure to follow @alexgarcia_atx to make sure it ends up on your feed.
Dave McClure, the founder of 500 Startups, created a 6-step framework to help hundreds of startups to go from idea to successful business.
Here's the 6-step framework for startups🧵
1. Awareness
Generating brand awareness is the act of winning someone's attention.
Whether content marketing, paid marketing, or influencer marketing, attention is the deciding factor in having a potential customer or someone ignoring you.
Once you have it -- don't waste it.
2. Acquisition
What channel do your customers spend the most time on?
NOT, which channel is everyone using.
Specifically, your target audience.
Using the right platform can drastically reduce your CAC.
Marketing sometimes gets a negative perception. As a marketer I get it. At the end of the day, we use our skills to make money. Of course, building relationships, providing value, and building communities are the goal.
But at the same time, without money, these things wouldn’t be possible. Because money is at the end of marketing efforts — more often than not, marketers abuse their powers to make a quick buck.
This fuels the fire that marketers ruin everything.