Some learnings from @alexschultz on Principles and Tactics for Growth.

He's the CMO @ Facebook, so time to pay attention.

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⭐Principle #1: Focus on Retention first.

Retention is key 🔑

Your retention curve should flatten out and be an asymptote to the X-axis ⤵️

What % gets retained(height on Y-axis) is a factor of your industry, so look up data to see where you should be.

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⭐Principle #2: Have a North-Star metric.

It drives clarity on what the goal is across teams.

Every experiment, feature release, etc. should be made to positively affect this north star 📈

If not, teams can sometimes optimize for conflicting goals- which hurts growth.

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⭐Principle #3: Figure out your Magic moment

➡️ What makes users say they love your product?
➡️ What action separates sticky users from churned users?

Figure these out and drive all new users towards this "aha moment". Keep this process as frictionless as possible.

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⭐Here are some popular tactics to try:

- SEO/Content
- SEM
- Paid and organic social
- Virality
- Email, SMS, Push notifications
- On-site merchandising (upsells, cross-sells)

This is it. Time to grow 🚀
If you found my mind-map useful, RT the first tweet ⤵️👊 https://twitter.com/yctheman/status/1358440015710330882?s=20
You can follow @yctheman.
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