Growth Hacking Techniques

It’s a technique that combines analytics, creativity, and innovation to get the highest returns within a short period. Growth hacking is a scientific way to market your business and products. Unlike other marketing strategies that require lots of research and planning before it’s carried out, growth hacking focuses on testing one and only one hypothesis at a time to see if this works or not. Growth hacking techniques focus on rapid growth. That is why it’s so appealing to startup founders. “Slow and steady” no longer works in today’s fiercely competitive market. Not only startup, but anyone can use these techniques for growth of the company or business.

Radar Graph shows the PESTLE analysis percentage wise growth effectives for a company or business. A PESTEL analysis or PESTLE analysis (formerly known as PEST analysis) is a framework or tool used to analyse and monitor the macro-environmental factors that may have a profound impact on an organisation’s performance. PESTLE is an acronym that stand for Political, Economic, Social, Technological, Legal and Environmental factors.

PESTLE incubates the five stages of the growth hacking funnel:

• Acquisition: Getting new customers
• Activation: Convincing customers to use the product
• Retention: Keeping customers and reducing churn
• Revenue: Making money
• Referral: Getting other people to refer new customers

To make any business a grand success, we carry out a simple 6 (Six) step Growth Hacking and Strategic Planning process, which includes following key factors:

1. Blue Ocean Strategy: Expanding your market, creates new and ample opportunities for your’s and your competitor’s business, in-turn enabling every business to monopilize through its respectives USPs.
2. Market Penetration: Penetrate the exact obtainable market exponentially, by the means of  targetting right kind of audiences through revolutionizing the marketing strategies.
3. Coopetition: Converting your competition into a cooperation and/or collaboration can change the entire game plan for your business! With ParsBEM Consultants Private Limited, you can win the game at every stage.
4. Business Intelligence and Insights: Learning from your Business Insights and implementing the change, is the real Business Intelligence for any Business Industry. ParsBEM Consultants Private Limited helps you to conglomerate the strategies and technologies used by enterprises for the data analysis of business information, empowering you with the ability to perform.
5. Influential Expansion: Influential Marketing is past. Imagine the influencers working for your business expansion, who are a part of your target audiences. Now, that’s a guaranteed WIN for you!
6. Growth: Growth of a business organization is neither identified only by its revenue or sales figures, nor by the number of offices or the employees it has. A business is considered to be achieving growth, when its overall expenditure becomes a negligible figure, by maximizing its overall profitability, with respect to its target audiences.