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Growth Hacking Workshop Instagram / Twitter @yongfook Blog yongfook.com j!xbou! up!cf!cjh"

MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

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Page 1: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Growth Hacking Workshop

Instagram / Twitter !@yongfook!!Blog!yongfook.com

Page 2: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Previously on @yongfook!CTO of #2 biggest luxury ecommerce site in Japan!Director at Cookpad, Japan’s biggest recipe portal!

Director of Social Media at Leo Burnett!Founder of Open Source Food (acquired)!

Founder of Pitchpigeon (acquired)

2012: fancypreneur 2014: nakedpreneur

Page 3: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)
Page 4: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

In between the!fun & games!

I’ve been building!a software company.

beatrixapp.com

Page 5: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)
Page 6: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

6 months to USD $2k monthly SaaSM

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30 p

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20

40

60

80

August September October November December January February

$2k

Koh Samui, Phuket, Kuala Lumpur, Penang, Melaka, Bangkok

Google: yongfook digital nomad

Page 7: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

August 2014

200+ paying subscribers!and the app is pretty sweet now

100,000+ keywords, multimedia content suggestions

Page 8: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Growth Hacking

Page 9: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Today’s Workshop!5 Famous Growth Hacks!

5 Super Fast Growth Hacks!5 Long Game Growth Hacks!

Activity Time!!Q&A

Page 10: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

The 5 Most!Famous!

Growth Hacks!of All Time

Page 11: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

1. The Little BighornIf your target market is difficult to reach, instead of tackling it head on, go after an adjacent market in order to stimulate demand.

Made Famous by…

Page 12: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Begin with a !well-defined target market !

and expand over time.

#tweetable!

Page 13: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

2. The Waiting ListInstead of letting users sign up and start using your service immediately, put them into a waiting list which you slowly work through.

Made Famous by…

Page 14: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Exclusivity is a powerful marketing!tool but it’s impossible to fake.

#tweetable!

Page 15: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

3. The Cross PostA feature on your app allows a user to post to one of their existing social networks, usually with a line that credits your app in some way.

Made Famous by…

Page 16: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

4. The Powered By…Get your users to advertise you. Put your company name and a call to action at the bottom of all the content your users create.

Made Famous by…

Page 17: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

5.The Back ScratchIncentivise users to invite their friends by offering a 2-way reward. A reward for the friend who gets invited, and a reward for the person who did the inviting.

Made Famous by…

Page 18: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

5 Super Fast!Growth!Hacks

Page 19: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

1. The Bio HackAdd your company name/url to every social profile you create. E.g. “Posted by Jon @ beatrixapp.com” - a simple way to passively increase exposure.

Page 20: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

2. Disable Back Navigation HackOn signup forms, disable back navigation to prevent users from exiting the form. This helps to increase form completion rates.

Can’t close this popup!!

Page 21: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

3. Google Authorship HackAdd Google Authorship tags to your blog content. This makes a profile picture appear by your blog posts in SERPs, helping to increase clickthroughs.

Boring…!

ooh nice!!

Uh Oh!

Page 22: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Some marketing tactics become!ineffective over time. !

Exploit them while you can!

#tweetable!

Page 23: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

4. Open Graph Image HackAdd an open graph-optimized image to your best blog content with a title and graphic. This helps to increase clicks and shares on Facebook.

Big open graph image set using:!<meta property="og:image"

Page 24: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

5. Powerpoint HackSlideshare gets great SEO. Hijack the SERP by converting your popular blog posts into Powerpoint format, for posting on Slideshare.

See slideshare.net/kissmetrics for a good case study!

Page 25: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Your blog on page 1 of google? HARD. !Your youtube content on page 1?!

Easy(ier).

#tweetable!

Page 26: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

5 Long Game!Growth!Hacks

Page 27: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

1. The Partner Embed HackPut your app / online store etc… on someone else’s website via a partnership agreement. Do a revenue share and everyone is happy!

well-known Japanese magazine.!click “Shopping” and you get to…!

…a page powered by my previous company!!

= *very* high quality referrals

Page 28: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

2. The Celebrity EndorsementGet your app / service featured by a celebrity (obviously for a handsome fee) with a relevant audience for a distribution boost.

This actually happened: we engaged with celebrity chef A (kinda famous) to

promote a frying pan sale we were doing

This led to celebrity chef B (more famous) organically promoting the sale too, because

he saw B’s blog and likes the brand!

(not these actual guys!)

Page 29: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

3. The Free Tool HackCreate a free tool related to your main service, that brings relevant prospects to your site and encourages social sharing to spread the word.

Hubspot creates simple free marketing tools to market its more

complex, paid marketing tool

Page 30: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

4. The Integration Partner Hack

Integrate with a related / complementary service and get listed on their site as an integration partner.

A bit of traffic and a lot of social proof

Page 31: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

5. The Turbo HackImprove the speed of your app / service. Direct correlation to conversions. Note that perceived speed is as important as actual speed.

“perceived speed” e.g.!make your ajax indicators

spin faster = !app feels faster!

(I’m serious)

Actual speed: sharp decline in conversion rate as site load time increases

Page 32: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

90% of progress bars are!lying! But they make us feel !

warm & fuzzy, which is good.

#tweetable!

(warm & fuzzy is good for retention / conversion)

Page 33: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)
Page 34: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

OOH!!shiny!new!

cover

Page 35: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

I’m not a crowdfunding expert, I had to hustle my ass off! Here’s how I did it

yongfook book preorders

Page 36: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Crowdfunding something small !is like launching a mini startup. !

A great way to practice marketing!

#tweetable!

Page 37: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Activity Time!!Please wait while !I put you into groups

Page 38: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Lets

Growth Hack

a Fictional

Startup!

Page 39: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Michelin Star !Pet Food!for Fancy Pets

Page 40: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Instant Messaging!for Senior Citizens

Page 41: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Match.com!for Foodies

Page 42: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Objectives: !

1. Identify a target market !

2. A channel to reach them !

3. A marketing idea for that channel: What & Why

+ bonus points for growth hacky ways to increase ROI!

Page 43: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Simple Example (= 1 candy!)!!We are a fancy new vodka brand.!!We want to reach affluent young professionals.!!We’re going to run an offline campaign, and set up booths giving free after-work booze outside major offices downtown.!!But! we will only give drinks to !groups of 4 or more.

(forces people to ask their friends - most likely using social media)

Page 44: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Rich Pet Owners / Senior Citizens / Foodies

Outbound Marketing!Push yourself in front of

customers

Inbound Marketing!Earn a customer’s!

interest

Channels!Media, Trade Shows, !

Direct Sales, !Banners, Events

Channels!Content (Blog, Social, Infographics, eBooks),!

Search, PPC

Growth Hacking!Maximize effects with minimal effort!

What / How / Why? What / How / Why?

Page 45: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Presentations

Page 46: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Q&A

Page 47: MaGIC Startup Academy Launch : Day 2 - Tried & tested growth hacking tactics for Startups ( Jon Yong Fook)

Instagram / Twitter !@yongfook!!Blog!yongfook.com