Hi, awesome people at Growth Insider 👋
Some updates:
Growth Design Insider has been rebranded to Growth Insider.
If you want to get to know the real me, I started a YouTube channel called Product Journey where I talk about this very newsletter. Frequent audio appearances by my kid ;)
The format for the newsletter will likely change A LOT in the coming days.
Reasons for 1 and 3:
We have a diverse audience of product managers, e-commerce marketers, growth marketers and founders. I struggled to figure out how to best serve all of you and realized that the current format is not the best fit.
Instead… this newsletter will act as a source for growth insights from around the web + combined insights and takeaways from me. Basically, I want this to be beneficial to all of the readers, and this is the best way to accomplish it.
Lastly, I think the new format will be more succinct, faster to digest, and more practical. I will summarize key findings from various sources and offer additional insights into that topic where applicable. Rest assured, it will be just as useful as the day you decided to subscribe (if not a lot more useful).
ALRIGHT. Let’s try it out, yeah?
👫 Get your initial users
Lenny Rachitsky published a massive post about “how the biggest consumers app got their first 1000 users”. Only 7 strategies are responsible for all of their initial growth. This post is a beast, I recommend reading it if you’ve got time! The seven strategies discussed in more detail are:
Go to your users offline
Go to your users online
Invite your friends
Create FOMO (fear of missing out)
Leverage influencers
Get press
Build a community
Tip from Gene: You can also ask your initial users for referrals. I do this all the time with my consulting clients just by saying “hey, do you know anyone who may find my services useful?” Replaces “services” with product.
⏫ Level up your newsletter
Harry Dry of Marketing Examples shared an amazing look at how he grew his newsletter from 0 to 19,000 subscribers in one year. No ads, no connections, no existing audience. The secret? —
Spend a lot of time promoting your content online.
Don’t drop links, meet people where they are. Add value where you find them.
Tailor your content to the audience and the platform
Brand your content minimally
Make the tips visual - easy to comprehend
Compound sharing of content by directing people to the same Twitter thread.
Read the full thread if you are looking to grow your newsletter. This can be super helpful to email marketing people too.
🔒3 other newsletter tips - PRO only🔒
💰 Tweak your pricing for more revenue
“Always, always, always add pricing tiers” - a lesson learned by Yahia Bakour of Stock Alarm. He shared his story on IndieHackers.
Stock Alarm had one pricing tier. After they added 2 more, the sales went up. The moral of the story is: people have different price sensitivity. What seems expensive to some is a steal to others.
A friend who runs an extension Data Mask was pricing his tiers at $9.99 and $24 for PRO. After we discussed it and did some napkin math on how much people are saving by not having to take private screenshots manually, he decided to bump up the price to $19.99 and $49.99 respectively. We came up with a calculator to calculate the savings and he is testing it as we speak.
Tip: Sometimes reframing the price as savings does the trick. If you have a tool that is not easily priced, try to figure out the savings it provides, and frame it in that context.
🔒+3 Pricing Tier insights🔒 - PRO Only
♻️ Repurpose your content for better results and less work
Chris Walker, CEO @ Refine Labs shared an awesome strategy for how he repurposes his content and grows his audience:
Commit. Don’t quit.
Proactively build your network on LinkedIn (50 connections per day)
Host a live Q&A with your audience and a subject matter expert. Record it (video).
Post the full video on YouTube (optimize for SEO)
Embed the video on your website
Rip the audio out and post it as a podcast on a platform like anchor.fm (free)
Cut the whole video into short bits with key insights. Caption it with tools like Rev.com. Write thoughtful text copy and upload to LinkedIn post.
Do this consistently.
I think this is an awesome strategy for B2B marketing. Chris had 3000 views and 90 comments on this post alone.
It’s also an amazing opportunity for Indie startups. Broadcasting yourself is a great way to build an audience and to share your findings, struggles, and wins. People connect with people much stronger than with logos and products.
Here is a clip I made with Descript (transcribed my video) and Wavve (created the social post with automatic captions). All of this was done in about 10 minutes:
Not sure how to link to a LinkedIn post but you should be able to see it from Chris’ profile.
🛠 Forget content! Make growth tools.
In his latest edition of Trends.vc, Dru Riley shares some insights on how companies can utilize growth tools and capitalize on new opportunities. Opportunities include:
Using no-code to build your own growth tools; <— time-consuming
Curating a comprehensive list of growth tools; <— easiest
Acquiring these tools instead of building them; <— smartest
Or outright cloning them and making them better. <— clever
Dru listed some examples like this one from Shopify.
I personally love this strategy over typical content marketing. The long-form posts can be quite boring if we are to be 100% honest here.
I used to hate writing so much that I did everything I could to make tools instead of writing.
The cool thing is that you can now micro-launch any growth tool via a number of different platforms like ProductHunt and BetaList - each serving as their own little oasis 🏝, collecting email addresses and building your audience for you (practically on autopilot).
Designers have known this for ages and make all sorts of tools to help other designers be more efficient (and in return building a loyal following).
Trends is an awesome newsletter. The above came from Trends #0016 (if you sign up you should be able to access the post directly for more details).
📈 Cool Growth Tools
Leadformly - multi-step form for more leads. Single question forms convert at a much higher rate than large forms (except in some B2B cases).
Descript - edit your videos like text, auto transcribed. Kill 3 birds with one stone - video, audio, transcription. This tool is amazing for repurposing your content!
Wavve - create audio posts for social media platforms (content repurposing and distribution).
🔒3 other cool growth tools - PRO only🔒
🌄 Opportunities
Indie startups will capitalize on building an authentic voice with video. Many tools exist to record, edit, transcribe, and export audio clips all within a matter of minutes. Authenticity is the missing ingredient in advertising.
More e-commerce companies will develop an authentic brand. Companies like Hims, Wistia and Dr. Squatch are leading the way. Authentic branding will pay dividends and outlast raw ad spend.
🙉 Want more?
Join the exclusive Growth Insider PRO club for:
3 additional insights about pricing tiers (100% more)
3 additional tips on getting more subscribers out of your website (100% more)
3 additional cool growth tools (100% more)
Access to 200+ CRO ideas for instant ROI ($87 lifetime access value, INCLUDED in your PRO membership)
Access to an experience-gated private community (coming soon)
Like what you see?
Please share this newsletter with your friends and colleagues.
🐦 Retweets are also very much appreciated 🙇 please take a moment to share this thread on Twitter:
(The tweet request is a play out of Harry Dry’s marketing posts of guiding your readers to retweet the same thread for a multiplier effect) Hey, total transparency, right? ;)
Previous issues:
Till next time!
Gene
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