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The Three New Rules of Growth Hacking

  1. by Faisal Hoque founder of: HOW DO THE CLASSIC "7PS" OF MARKETING STACK UP IN THE ERA OF SOCIAL MEDIA? THE THREE NEW RULES OF GROWTH HACKING Cover Photo: Flickr user Calvin Lee
  2. Back in the 1960s, markeNng guru E. Jerome McCarthy introduced the "4Ps" of markeNng to drive revenue growth: product, price, promoNon, and place. History of MarkeNng
  3. PURPOSE, PERSONALITY, AND PICTURE The three new pieces of the puzzle that every growth-minded company needs to bear in mind are :-
  4. In the digital age, consumers' social conscience has never been stronger. They now want to know where their products and services come from and how they impact society, culture, and the environment. Purpose:
  5. Social media now offers unprecedentedly immediate connecEons with celebriEes and once-distant brands. Consumer engagement is now a more crucial and mulEfaceted game than ever before. Personality:
  6. MarkeEng is becoming more visual, making imagery—in the most literal sense—more integral to a company's growth strategy than ever. The power of "pictures"—not taglines —is going to be a key baJleground in the fight for consumers' percepEons. Picture:
  7. It's worth reviewing the original "7Ps" to determine how these three new elements intersect with them when it comes to 21st- century growth hacking. How the original formula stacks up today
  8. Understand your customers' needs and create products with benefits that exceed, not just fulfil them. Product
  9. Make sure it's posiEoned compeEEvely, not just relaEve to compeEtors, but also with an eye to your intangible "brand value." Price
  10. For some businesses, digital technology has actually put a fresh emphasis on real- world experiences, even while opening the door wider to virtual ones. Place
  11. With more plaPorms for making your company's voice heard, it's crucial to consider the tone it strikes, then listen for how customers respond to it. PromoEon is now a conversaEon. PromoNon
  12. Your people are the ambassadors of your product, and your culture is oRen a mirror of the customer experience. People
  13. Just think of what Uber has managed to accomplish by building a process around customers' needs. Process
  14. Social media can generate helpful proxies for consumer interest. Proof
  15. Shadoka’s poraolio of offerings enables entrepreneurship, growth, and social impact. Our customers and partners aspire to create sustainable value. They are focused on repeatable and measurable impact. We enable their aspiraEons. We bring together the management frameworks, digital plaaorms, and thought leadership for: •  EvaluaNon, execuNon, and monitoring of programs •  Scaling sales, revenue, and profitability •  CreaNon and management of digital communiNes and marketplaces About SHADOKA Follow us @shadokaventures shadoka.com
  16. About Me Founder of Shadoka and other companies. Shadoka enables entrepreneurship, growth, and social impact. Formerly of GE and other global brands. Author of several books, including Everything Connects – How to Transform and Lead in the Age of Crea:vity, Innova:on and Sustainability (McGraw Hill, 2014) and Survive to Thrive – 27 Prac:ces of Resilient Entrepreneurs, Innovators, And Leaders (MoNvaNonal Press, 2015). Follow me @faisal_hoque faisalhoque.com
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