What is growth hacking?
Growth hacking is the action of executing a number of strategies to promote business growth. Before we discover more about what growth hacking is, it’s important to understand the main goal that growth hackers strive to achieve.
At its core, the concept of growth is simple. Digital marketers’ goal is to increase brand awareness and encourage audience engagement to promote the product or service they provide. Growth hackers have a strong focus on growing the business, no matter what department it may include. This model is seen frequently in start-up businesses.
Growth hackers take every aspect of the sales funnel to find the best strategies to grow. They find (and sometimes create) new ways to acquire new customers and retain them at low-cost expenses.
What is digital marketing?
Digital marketing is marketing a product or service through digital channels like the internet, mobile devices and social media. Digital marketers focus on the relationship between a brand and its customers in order to gain the trust needed for future conversions.
Acquiring new customers (or users) and increasing brand awareness is key to digital marketing success. Creating resourceful content, utilizing SEO strategies and social media engagement help digital marketers reach marketing goals.
Digital marketing advantages
Digital marketers strive to achieve brand awareness and customer loyalty to market the product or service they find useful to their audience. This requires them to find the best avenues to make what they offer appealing to their users.
Digital marketers utilize many digital platforms to get their message across. They take advantage of social media and email marketing opportunities to engage with their audience. The companies they work for provide the capital they need to carry out successful campaigns and pay website traffic using PPC campaigns. As a result, digital marketers have the funds at their disposal to help them achieve the goals they have set in place.
Growth hacking hacks
Growth hackers are typically associated with startup companies (and low-cost budgets) that are looking for exponential growth. And according to Andrew Chen, a growth hacker who has worked previously with Uber, successful growth rates come to those who are offering a product or service that people already love.
Growth hackers work across many department including marketing, sales and product development. They do not limit their responsibilities and they do what it takes to stimulate the growth they need. Rather than trying to make a product/service fit into the needs of the consumer, they are focused on how to push the company to the next level.
The differences between growth hacking vs. digital marketing are divided by a fine line, but you cannot deny that each one requires a different approach. If you decide to go down the growth hacking path, it’s important that you know a few things before getting started.
We’ll share five things with you to help you with your growth hacking venture. These tips will allow you to map out your journey with growth hacking and how to build the perfect team.
Growth hackers value digital marketing.
We don’t want you to think that growth hackers ignore the marketing strategies that have proven a success. By no means should you neglect these techniques when trying to achieve exponential growth. Growth hackers work across the entire board, and that includes the marketing department.
Growth hackers are very much involved in content marketing and analytics. They dive deep into content performance and how users are responding to the companies campaigns. Information that is obtained through marketing channels provide the necessary information growth hackers need to design better growth strategies.
Data and results are key.
Speaking of results, growth hackers live on data-driven results. Everything a growth hacker does is based on some result from a test he/she set up. What is important to understand is that growth hackers need to see how the company is performing so that they can adjust their efforts for success.
Just as a digital marketer will track a new blog’s performance and then edit and revise the content to improve the results, a growth hacker does the same to improve the results in every area of the company.
Your growth hacking team
When you are building a growth hacking team, it’s is imperative that you get the right kind of people. A certain kind of breed fit the growth hacker position. You need individuals who are scrappy, and willing to do what it takes to succeed.
Not only do they have to be willing but they have to be logical and creative as well. Considering growth hackers find ways to grow with low-cost solutions, team members must have the ability to create a new strategy when one is not available to them.

Product market fit
We’ve covered how growth hacking works for companies with a genius product/service. So, let’s delve into what we really mean by this. Product market fit is when you have a product (or service) that perfectly meets the needs of a specific audience.
When your product doesn’t meet these expectations, you will know.
Product market fit is what you need in order to benefit from growth hacking. You want to worry less about convincing the consumer of your product’s credibility and more on how to scale the business. Working with a product that checks every box for the consumer makes it easy for growth hackers to succeed.
Different company, different strategy
Last but not least, be aware that not everyone’s growth hack will be the same. Each business has its own individual identity and requires something different. Be sure to not look at other successful growth hacking companies (like Dropbox and Uber), and wonder why their strategies aren’t working for you.
Keep in mind the importance of testing, and rely on your company’s results to determine your next plan of attack.
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