Whether your start-up is in its early stages or you’ve been in business for a few years, there’s perhaps no better time than now to hop on the growth hacking bandwagon. Several entrepreneur ideas suggest that growth hacking actually works and sometimes, they themselves have tried onto this and have got good results. Not only that, but there are also several cheat sheets on growth hacking available among their best practices.
If you think that growth hacking is little more than a buzzword, think again: modern businesses are transforming their earning potential through the power of unconventional marketing and rapid-fire testing. Say suppose, you know the best business to start with. However, you often run out of ideas to expand it further. That is when growth hack comes in. Digital marketers are the pioneers of growth hack and this is why most of the companies are hiring digital marketing agencies rather than doing it in-house.
Chances are you have what it takes to become a growth hacker. Regardless, you should apply the six principles of growth hacking to your own business as a means of supercharging your productivity and uncovering new streams of revenue. This also helps in the further expansion of your business, believe it or not.
7 Signs for Growing your Entrepreneur Ideas for Business:
1. Be Prepared to Put in the Hours:
The “hacking” in growth hacking comes from the nature of entrepreneurs who will do whatever it takes to see results. In other words, long, laser-focused hours of work and plenty of all-nighters in pursuit of profits. You need to understand one thing that a business is totally in the trial period, so you would not want to make too many investments in the near future.
If you’re serious about growth hacking, you’re going to need an office environment that inspires productivity. Between shopping around for high-quality office furniture that ensures your comfort and creating your own personal nest to get work done, you need to put yourself in the ultimate marketing mindset to make your business grow.
2. Think Outside the Box:
It may seem cliche to tell entrepreneurs to think outside the box; however, true growth hackers see opportunities where nobody else is looking. Consider, for example, how AirBNB hacked the hotel industry by stealing traffic from Craiglist. It was a brilliant move on their part; however, such tactics aren’t going to be found in the traditional marketing playbook.
If you do what everyone else is doing, you’ll be destined for unremarkable results. You don’t necessarily need to reinvent the wheel with your business, but rather take a different approach if you want to build a business that grows rapidly. There is the best business to start in the market which you can try out. It is not only cheaper but also much profitable.
3. “Free” is Your Best Friend:
Growth hackers thrive on free platforms and traffic as a means of building their businesses. From social media sites like Facebook to content marketing through Medium, emphasize avenues of growth that won’t cost you a dime first before you consider scaling with paid traffic or ads.
investing in online business is one of the most successful ventures you can ever think of. Plus. An online business needs a little investment. Most of the tools and apps are free. Online business is not only full of potential but most startup business ideas include promoting their business online.
4. Network Like Crazy:
Don’t be an island. Growth hackers network like crazy through sites like Facebook and LinkedIn to uncover opportunities and position themselves as bigger players in their own industries. The more relationships you have to leverage, the more likely your business is to get in front of new eyes.
As an entrepreneur, networking is the key to being successful in your field. You might know who will be in a position to help you out. This is why most leadership training Dubai centres stress the fact of entrepreneurs growing their networks and connections in the offline and online world.
5. Always Be Testing:
Growth is rooted in data, plain and simple. You need to check your analytics in regard to traffic, clicks, and conversions on a regular basis to understand which marketing channels are working and which aren’t. From marketing copy to products and deals, the only way to uncover what’s gaining you traction is by knowing what works by the numbers.
Once you do find what’s working to get the attention of your market, scale accordingly, and exploit those channels. Do not try to experiment with your startup. Growth hacking consists of a lot of business tips to skyrocket your business. However, if you start doing experimentation from the first, the growth of your business may become stagnant.
6. Saturation is Key:
Dominating a niche requires saturation in terms of content and social presence. In other words, regular blogging and consistent social posts are an expectation of growth hackers looking to make their voices the loudest.
Consider how marketing techniques such as encouraging user-generated content and re-purposing blogs into videos, for example, can help you grow your presence without putting too much of a burden on yourself time-wise.
Much of your success as a growth hacker comes down to your mentality. That is, you’re willing to grind away until you find something that just plain works and attack it accordingly.
7. Try to Use Social Media:
If you have an online business then it is obvious that you should go out on social media for the promotion of your business. Nonetheless, if your business is about physical brick and mortar, then also you can create a social media page and lend out connections to the people. This way is one of the best ways to outreach for startup business ideas.
Not only that, social media tricks are very much user-friendly along with some of the free social media tools. In fact, social media itself is an industry. One of the best business to start are affiliate marketing and influencer marketing in social media. This type of business does not need any major funds and you can easily conduct your business by sitting at home.
So ask yourself do you still think you have what it takes to be a growth hacker? Put these principles into action and see for yourself. Also, please leave a comment in the comment section below and let us know whether this article on growth hacking for business was helpful to you or not.
Mashum Mollah is a tech entrepreneur by profession and passionate blogger by heart. He is on a mission to help small businesses grow online. He shares his journey, insights and experiences in this blog. If you are an entrepreneur, digital marketing professional, or simply an info-holic, then this blog is for you. Follow him on Instagram, Twitter & LinkedIn