To be used by Got Users clients & community.
At a high level, you need to understand your customer and value props before you jump into brainstorming growth experiments.
Otherwise, you risk running the wrong experiments and drawing the wrong conclusions.
Here’s the high-level growth process we recommend.
Phase 1: Set North Star Metric (NSM)
The goal of growth is to get more people to experience the value of your product.
Growth strategy means coming up with experiments that help people ”do the thing” — experience that value — more.
To know if an experiment worked, a metric should improve. That metric should flow into your North Star Metric: the measurement of when people “do the thing”.
Examples
- Rides completed per week (Uber)
- Monthly active users (Facebook)
- Documents sent per month (DocuSign)
- Daily active users (Slack)
Bad Examples
- Signups. What if people don't actually take a ride, order food, etc.?
- Revenue. Revenue happens because of your NSM.
We have serious horror stories about teams picking the wrong NSM. Choose wisely.
Phase 2: Clarify User Personas
Growth depends on users. Products don’t grow if people don’t use them.
So, to come up with a growth strategy, you first have to understand your ideal user, how you solve their problems, and how they hear about you. Then, you can prioritize experiments to get more of these people.
Who are your ideal users? They’re the ones that retain — they experience your core value over and over.
This means you need to answer the question: who is doing your NSM the most?
For example, if your NSM is # of monthly events thrown:
- Pull a list of the people who throw events the most.
- Interview them. Paint a picture of who they are and how they ended up using you.
- After your interviews, fill out this value props sheet and these persona slides:
You'll generally need to interview 10 to 20 users. Stop when you hear the same things again and again.
In many cases, your product person will have some answers already.
Without answers, you'll likely have the wrong value props, you risk running the wrong experiments, and you may write off channels that would otherwise work.
Phase 3: Monitor Main Growth Funnel
Measure every major step of the funnel, along with CAC.
For example:
- Traffic
- Sign Up
- Activation Event
- North Star Metric
- Revenue
- Referral
It should look something like this. Here's a template you can copy.
This usually starts in a spreadsheet, but you’ll eventually move to a data tool like Improvado, Databox or Google Data Studio so you don’t have to manually update it every week.
Phase 4: Brainstorm Growth Loops
Most high-growth products feed outputs from the product as inputs into acquisition channels.
Examples
Figure out your growth loop if one applies and start measuring the major steps.
(Your growth loop is not always obvious! You may have to research & experiment before you find it.)
Phase 5: Brainstorm Experiments
Example experiments:
- A/B test welcome email copy
- Launch Facebook ads targeting teachers offering an academic discount
- Internationalize in-product copy for Spanish-speakers
Some of these depend on the CAC you’re willing to spend. Here's a good way to think about channel-CAC fit.
If you haven't monetized your product, you may need to rule out paid channels and focus more on in-product changes, content, & viral marketing.
Every experiment should have a metric that determines whether it succeeded or failed — so you can build on the learnings from it. Otherwise you’ll be spinning your wheels.
As a reference: here's an Airtable template we frequently use to prioritize growth experiments. Feel free to copy.
Phase 6: Prioritize
Phase 7: Run Experiments
May require resources from other teams. If growth is actually a priority, you should be able to get dev time, sales time, etc.
Process: Growth Meetings
Here’s a general framework for growth meetings. Most teams do this every week.
We recommend setting a timer to timebox each part.