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What is Growth Hacking?

What is Growth Hacking?

Growth Hacking is about achieving compound growth rates down the funnel which means iterative gains in the product and marketing channels.

It grew up in the world of startups where young businesses had to find ways to get above the noise with little budgets and put the product at the center of their world.

The process of GH ought to be focused on identifying the bottleneck within the sales and product funnel and then moving to run experiments to remove the bottleneck.

It’s a process of iterative growth leveraging empirical data and aggressive experimentation from the top to the bottom of the sales and product funnel. Perhaps better described as Agile Marketing leveraging a more holistic set of tools.

Growth hackers as mentioned are very inventive. People who always see outside of the box. They experiment and are not afraid to make mistakes.

They set new limits they change the game and see things where others think it is empty.

Aim of Growth Hacking

The aim is to find all of the tactics that provide incremental or occasionally explosive growth and breakthrough the identified bottlenecks. This is the process similar to the one we use at Rebel Hack.

To be a successful growth marketer you will probably have some experience working in the digital marketing arena but development and or data science skills make you a cut above the rest.

Many experiments you run will never have been tried before you should be able to think on your feet not be scared of coming up with new ideas be dependent on finding growth using your area of experience.

 

Many of those who call themselves Growth Marketers find a distinctive difference between what’s traditionally defined as “Growth Hacking” and what’s evolved into “Growth Marketing”.

Growth hacking teams can be made up of more traditional marketers and growth marketers with varying skill sets from software development to content marketers and UI/UX designers to data engineers.

After identifying bottlenecks experiments will be run over a series of weeks or days with teams working within the SCRUM methodology taken straight from software development.

This is what you might call an experiment sprint. The aim is to find all of the tactics that provide incremental growth and breakthrough the identified bottlenecks.

Besides being just another buzzword growth hacking is a really simple concept that happens to sound very intangible.

A growth hacker is an inventor. A person who sees opportunities where not many people do.

Growth hacking is a process involving:

  • Defining metrics to focus on

Having Key performance indicators (KPI) is the key to growth hacking. It needs to be clear which metrics need to be growth hacked before even starting the growth hacking process.

  • Marketing

Define the target market and competition choose which marketing channels to use depending on the KPI selected above.

  • A/B testing

It’s important to always be testing in order to see what works and what doesn’t.

  • Data analysis + Feedback

Growth Hacking is nothing without data. If you cannot track your actions and measure your results this is not growth hacking.

  • Automation

It’s important to respect this order and automation comes at last. You don’t want to automate your actions if you aren’t sure they work and give results.

  • Product Development

This is where a lot of people don’t understand growth hacking and believe this is just a new way to call marketing. 

Growth hacking is related to marketing and it for sure implies a process of both thinking and acting towards efficient ways of growing your business. Therefore, where others see obstacles or dead-end growth hackers see chances.

 

Also Read: What is Lead Generation?

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Earn money

How to Earn Money From Facebook

How to earm money from Facebook

How to Earn Money From Facebook

How to Earn Money From Facebook. Facebook groups give space to communicate concerning shared interests with certain individuals. If you’re only using Facebook to message friends and take quizzes, consider some of these suggestions boost your income or start a side hustle.

Facebook is quite possibly the most enduring social media channel in existence. No other online media giant has caught so much flack for data collection. As of early 2019, it boasts more than 2.7 billion active monthly users, with 500,000 new users added daily.

You can create a group for anything your family reunion, your after-work sports team, your book club and customize the group’s privacy settings depending on who you want to be able to join and see the group.

Facebook Groups are critical to Facebook’s long-term success. Facebook has a five-year goal to amass of 1 billion meaningful group members. There are already 1 billion group members, but ‘meaningful’ groups are communities that become a key part of a user’s experience.

Different Ways How to Earn Money From Facebook

  • Sell anything at the Facebook Marketplace

Facebook created the Marketplace for people to sell pre-loved or brand new items. Since different Facebook users will filter the things supported location, category, or keywords, you’ll be able to benefit from the various users of Facebook and sell to interested parties.

Facebook allows its users to sell almost anything under the sun, with a few exceptions.
You do have put in a little more effort than how you put your past stuff on Craigslist. Because the marketplace can easily get crowded, you have to add catchy titles and descriptions with high-quality pictures.

The amount you earn from selling at the Facebook Marketplace depends on the number of things you list, how aggressive you are with marketing, and if you accompany Marketplace with another platform.
  •  Generate Leads

How to Earn Money From Facebook

Facebook spent a lot of dollars on hiring specialists to create a solid algorithmic rule and search engine. Add the actual fact that the social media giant has individuals of all ages spending infinite hours on Facebook.

Businesses can surely use the platform to generate leads. Enter our locations, where we eat, what hobbies we have, what shows we watch, and so on), it’s very easy for businesses to target potential leads. And it’s easy for customers to find a specific business as well.

You can bring in new customers to your business without spending a cent on advertising.
Your choices include making a Facebook Page, network

 

ng on Facebook groups, or simply by using keywords properly when posting statuses on your personal profile.

This method doesn’t really earn you money instantly, but it falls under passive income (which I think is much better).

Simply put, affiliate marketing involves promoting different people’s products to earn a commission from every sale. You can try this on your own Facebook wall, in a group you created, or even a Page you manage. There is not any money concerned as an investment unless you hire someone to do the work for you.

 

But if you have all the time in the world to promote products and services, then affiliate marketing can be for you. If you’re new to this, here’s how you can earn money from Make sure you decide on a selected niche, which your Facebook page or group will focus on.

Wait for your commissions (about 5 to 25 percent) whenever somebody clicks on the link you shared and buys from the third-party site. Don’t know what products to promote? Check some of my affiliate marketing niche recommendations.

Also Read: Affiliate on Amazon

Also Read: What is Social Media?

  • Close Deals on Messenger

Whether you’re selling items on Facebook Marketplace or finding new customers on Groups and Pages, you have to talk to people to close the deal.

 

Facebook used to have its messaging app, Messenger, built into the social media platform.
Now, the two are separate apps, which means people who only have Messenger (but without Facebook accounts) can still join in the fun.

As a business person, this means you’d have more opportunities of talking to people and closing deals online.

 

Messenger offers a bit of privacy, so you can up-sell all you want or negotiate deals with as many people or businesses possible.

  • Earn revenues from sponsors and adsHow to Earn Money From FacebookA popular Facebook page or group will attract sponsors left and right. If the niche is true and you’re feeling an advert campaign can go absolutely with the focus of your page/group, then not only can you facilitate your followers by recommending

a product/service, you’ll also be able to earn a paycheck.
Depending on terms agreed, sponsorships can be a one-time ad, week-long campaign, paid per-post, and so on. And as a result, revenues you get from sponsorships will vary as well.

  • Once you engaging people Start your Own Blog on the Same Niche

Observe which posts people like on your pages. Create such blog posts on Similar Engaged Posts and Start Sharing on your Facebook Pages. Use Call to Action Words likes How to How can. Example: Let see, How to earn $50 in one day? etc. ( It will increase there Curiosity to Click on your Post & Land on your Blog). After 6 Months of Gaining visitors on your Blog; Apply for Google Adsense to Start Advertising on your Blog. or You can Try others too like Adroll, Amazon, etc.

  • If you are not interested to Follow this lengthy process and efforts

Contact Bloggers who already have Blogs on your niche and tie-up with them to Drive Traffic on there blog or Website.

  • If you are not interested in Start Blog: Use Services like link Shrinkwhere you will earn on the clicks (But it was too low as compare to other sources)
  • If you are a Video Blogger then you can use your FB Pages to increase your Video Views on Youtube. You need to share Videos on your Pages and On Youtube, you can apply for monetization.

Some Technical Facts for How to Earn Money From Facebook

  • Whenever your Blog posts get shared on Social Media. It will increase the quality of that blog in the eye of Search Engines. Therefore Search Engine will send Traffic on your Blog which will help you to earn from Google Adsense.
  • You can use this traffic to drive on your Blog, Website and on Youtube Channel.

 

Also Read: Affiliate on Amazon

Also Read: What is Social Media?

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