I've helped 400+ startups acquire customers.
Here's the framework I teach them—for ads, content, referrals, and product.
Hope this helps! A thread:
Part 1. The growth trajectory
Steps I'm seeing startups follow in 2021:
1. Build an amazing product that naturally encourages word-of-mouth.
2. Then kickstart user growth with a scalable acquisition channel, such as ads.
3. In parallel, I'm seeing them spend most of their growth resources optimizing their user funnel + product experience.
At every step of the user's journey, they A/B test to maximize per-user revenue.
4. Once their funnel is profitable + efficient, they scale it.
They also start to experiment with many more channels until they exhaust all of them.
5. Over time, they switch their emphasis to more sustainable and cost-efficient channels, such as:
• Product-led growth
• Organic social
• Influencers
• Referrals
• Content
• Sales
• More
This removes their dependency on ads, which can be volatile.