Thursday 11 April 2013

Re: [dcphp-dev] New Silicon valley trend: Growth hacker

(I say this as myself, not on behalf of my employer.)

I'm in the thick of this one for a variety of reasons..

Unfortunately, the way "growth hacker" has been taken over by the marketing
wonks has started to destroy the term. Yes, I see the irony in that.

The way it was originally defined was closer to applying scientific principles
(think: Lean) to the marketing process.. rigorous A/B testing over guessing,
hypotheses over guessing, and data over instinct. While those are all
Good(tm), I think they leave out the key aspect that we're not hacking the
Gibson.. we're interacting with the human mind.


What this means to me personally is understanding how the human mind works,
how a given market looks at the world, and how individuals' goals line up with
my own or those I represent.

kc

On 04/11/2013 12:20 PM, Memo wrote:
> I know of a few firms in the area that sell strategy with their PHP products
> and services as a package deal.
>
> Seems the latest trend in Silicon Valley is to couple engineering expertise
> with marketing strategy resulting in:
>
> The new beast - the "growth hacker". Let the search engine be your guide.
>
> This has created a whole new breed of engineers ready to consult with you to
> provide unique opportunities to find a disruptive marketing techniques to
> compensate for what they present as the law of "diminishing clicks".
>
> For firms that don't just create websites but offer strategic consulting (such
> as a few on this list), I think its time to prepare your understanding of this
> trend and be prepared to demonstrate how you already think disruptively and
> account for the "law of diminishing clicks" when it makes sense.
>
> That said, uniquely acquiring volume spurts doesn't secure a product/service
> with good usability, privacy, security, policies or retention strategies.
> What is more is that every company pivots its services as it learns - trying
> to hack growth I imagine negates a critical feedback loop if successful.
> Without these things it just seems like a new way to burn investment money
> potentially prematurely.
>
> If you ask me, startups are their prey; the idea that even a ten percent
> increase in success is worth the money, and I think for what it is worth it
> may be a dangerous game. I'd rather brainstorm with folks at SCORE working
> with the SBA or someone with domain expertise before anyone else, but hey that
> is me.
>
> Any thoughts? Have I missed anything? How do you feel about this?
>
> --
> ~M
>
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--
D. Keith Casey, Jr.
http://CaseySoftware.com

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