Updated On
December 9, 2024

What is Growth Hacking

  • Definition: Growth hacking is a marketing strategy focused on rapid experimentation across various channels and product development to identify the most efficient ways to grow a business. It involves the use of innovative, unconventional, and low-cost tactics to acquire and retain customers, primarily in the digital space.
  • Key Components: Growth hacking typically involves a cross-disciplinary approach, combining skills from marketing, engineering, product management, and data analysis. It leverages analytics, viral marketing, social media, and SEO to drive user growth and often relies on A/B testing and iterative improvements to optimize results.
  • Applications: Commonly used by startups and tech companies, growth hacking aims to achieve quick, scalable growth with limited resources. Tactics may include creating viral loops, optimizing conversion funnels, leveraging influencer marketing, and employing digital tools to enhance customer engagement and acquisition.

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