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A guide by SaaS Marketing expert and Growth Hacker Lincoln Murphy of Sixteen Ventures
Whats included here are tactics and - while everyone loves tactics - if they dont make sense within your very well thought-out SaaS marketing strategy, you should probably not implement them, right? In fact, you should also probably make sure you have a well thought-out SaaS marketing strategy, too.
Copyright 2013 Lincoln Murphy. All Rights Reserved.
The goal is to get you thinking in the right direction, thats all.
http://sixteenventures.com
This presentation is based on my epic SaaS Marketing: 21 Growth Hacks to Test Today post... you can nd a lot more detail on the techniques and ideas presented here: http://sixteenventures.com/saas-marketing-growth-hacks
http://sixteenventures.com
Growth Hack #1: Back Fill Data for Fun and Prot
This is 2013 and data is more pervasive and easier to get than ever before. Why not auto-ll as much as possible for your customers surprise them with how easy things are for them to get going. Auto-ll and then let them correct/update/etc. Not doing this in this day and age is just lazy Example: A SaaS CRM that automatically adds demographic information to customers as theyre added.
Copyright 2013 Lincoln Murphy. All Rights Reserved. http://sixteenventures.com
http://sixteenventures.com
Maybe put a retargeting pixel in the widget. Too much? Okay, put it on the landing page or in the sign-up/more info screen in the widget (see #2 and #4 above) If they showed interest, dont let em go that easy!
http://sixteenventures.com
After your users do a few things by hand, show em an offer to do it for them. Take FriendOrFollow for example, I can either click individual followers to unfollow them or I can subscribe to their service and unfollow everyone in one fell swoop. Once the user has unfollowed 25 people by hand, for example, remind them that they can easily and quickly unfollow everyone that doesnt follow them back with just ONE click for only $9.99!
Copyright 2013 Lincoln Murphy. All Rights Reserved. http://sixteenventures.com
Tell your users and customers something in a positive way rather than your typical negative speak. Instead of 18 people unsubscribed from this campaign maybe say something like You had 82% subscriber retention on this campaign. Be nice to people.
http://sixteenventures.com
This is simple when someone signs-up for your app, send em an email and say that you saw they signed-up and ask them an open-ended question to start a conversation. You can do this by hand or it can be automagical but it can result in a huge boost in engagement and conversions. Some people dont like to do this with automation, but I say automation isnt meant to replace human interaction, it just allows you to do what youd do by hand if you had unlimited time and resources.
Copyright 2013 Lincoln Murphy. All Rights Reserved. http://sixteenventures.com
In addition to simply sending an email to try to get customers to come back and try your stuff again, you can reactivate Free Trials that didnt convert as well as former / deactivated users another way. Leverage email pre-targeting and retargeting There are ways to use an email address to target social media users as well as more traditional ad retargeting by using their email address.
http://sixteenventures.com
The reality is most apps ask people to share the app with their friends way too early in their relationship. People dont know, like, and trust you yet, and youre asking them on step 3 of your Free Trial sign-up to share your app with their colleagues. Lets talk about Social Capital and youll understand why that doesnt work. One of the simplest things you can do is remove the invite a colleague thing from the initial engagement process in your Free Trial.
Copyright 2013 Lincoln Murphy. All Rights Reserved. http://sixteenventures.com
Send em something in real life a gift; ideally something that helps them do more with your product, faster. But know the difference between a gift and a reward. A gift is delightful and unexpected. A reward is a quid pro quo like sign-up and activate your account and well send you a t-shirt rewards have their place, but gifts mean more. Physical Welcome Packet, a book, a t-shirt, etc.
Copyright 2013 Lincoln Murphy. All Rights Reserved. http://sixteenventures.com
Theres an epidemic of wasted real estate in SaaS apps that could be used to drive conversions, viral expansion, etc. Think about post-signup / login pages, introducing interstitials into the mix, various screens in-app, forgot your password pages even the postLogout Page.
http://sixteenventures.com
If you have a survey at the end of your help page, when someone says yes, this was helpful have a CTA for a One Time Offer (OTO) or to spread the word. If you power (remember dont do that, see #3 above) help pages/ systems for SaaS vendors, consider helping them make this happen. You instantly become MUCH more valuable in the process.
http://sixteenventures.com
LTV is Customer Lifetime Value and it is the amount of revenue your customer will pay you while theyre a customer. The longer the customer lifetime, the higher the LTV. Makes sense, right? Well if your customers come in for short-term projects, they might not stay that long, giving you a low LTV. So, if you have a project-oriented customer-base maybe you have a Project Management system you have to educate them on *other* ways to use your SaaS so theyll continue to beyond the project they came in for.
Copyright 2013 Lincoln Murphy. All Rights Reserved. http://sixteenventures.com
http://sixteenventures.com
What we call Growth Hacking today, and what its been forever and what itll be later Marketing isnt just about tactics. Tactics change. Tactics are different for every situation. No, its about a mindset of understanding customer and user behavior as well as market dynamics and whats technically possible or should be and using your imagination to make it happen. There are no rules here just a way of thinking about stuff.
Copyright 2013 Lincoln Murphy. All Rights Reserved. http://sixteenventures.com
Get your SaaS Sales Funnel Optimization Review and Ill help you start converting more customers fast!
http://sixteenventures.com
This presentation is based on my epic SaaS Marketing: 21 Growth Hacks to Test Today post... you can nd a lot more detail on the techniques and ideas presented here: http://sixteenventures.com/saas-marketing-growth-hacks
http://sixteenventures.com
Thank You!