The growth marketing process can be defined in 4 phases:
- PHASE 1: Research Phase
- PHASE 2: Ideation Phase
- PHASE 3: Experimentation Phase
- PHASE 4: Integration Phase
Key Outputs of Each Phase
The key outputs that result from each phase of growth marketing are as follows:
- The Research phase should give us:
- Metrics to be focused on
- Data from any past experiments executed on those metrics
- Target audience and user personas
- List of competitors with similar marketing audiences
- Potential growth marketing channels
- The Ideation phase should give us:
- List of ideas for growth marketing experiments
- Some ranking for prioritization of ideas (one popular framework for doing this is called the ICE framework)
- List of channels and tools needed for the execution of the potential ideas
- Feedback of key stakeholders on the growth marketing ideas
- Final shortlist of the idea(s) to be executed
- The Experimentation phase should give us:
- Data from the executed experiments
- List of learnings from experiments
- A set of useful resources that can be used in future
- Final shortlist of experiments that can be scaled or integrated as a process
- The Integration phase should give us:
- Scaled experiments that lead to compound growth results for the key metrics
- Workflow integration of the experiments as a process into the startup or business for long-term results for growth.
Those 4 phases, repeated again and again, is what makes companies grow.
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