Growth hacking explained: the 4-step process to become a growth marketer
Nowadays you can no longer go around growth hacking (or marketing, but we'll get to that later) – just ask Google. The internet is full of growth hacking articles, tools and tactics. If we take a quick look at the search volume on growth hacking, we see that it’s been getting an increasing amount of attention worldwide since 2012. Worldwide Google trends of the search term 'growth hacking'. The term growth hacking was first introduced by Sean Ellis in 2010. In truth, the practice has been around much longer. It helped companies like DropBox, Uber and AirBnB transition from budding startups to multi-million dollar enterprises in just a few years’ time. Much of it comes down to the use of resource-light and cost-effective tactics and processes of continual ideation, prioritization, testing and analysis – with a continuous focus on the one metric that matters most: growth. The term was first used in the start-up scene, where resources are scarce and where growth is the only way to survive. There’s a misconception, however, that growth hacking is only useful for startups. In fact, every company can benefit from it, although a minimum requirement is your product market fit. Growth hacking requires that you have a product that’s not just good, but that also matches the needs of who you’re selling it to. Once that’s in place, you’re good to go. How to get started with growth hacking? For more practical insights, we sat together with Nicholas D'hondt, growth expert at our new spin-off Upthrust, which answers the need for operational digital marketing talents.