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[ DG ] Growth Hacking Formula Can Skyrocket Your Business

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Growth Hacking is not just marketing. A breakdown of the term would give you a better idea. Growth, the word is clear enough to convey. Any business needs to imbibe the factor of growth, and Hacking is always looked upon as a negative word. Hacking means to use the shortest and easiest strategies. More or less, it is like a quick fix method. Overall, growing your business with the simplest and quick result producing strategies is known as growth hacking. But, the traditional marketers are not aware of the formula for growth hacking though they possess a broad skill set.

The Standard Formula for Growth Hacking
The standard formula is called the AARRR strategy by taking the first letters of every attribute that goes into the making of the formula.

Acquisition
The first and foremost step is to create a channel. This channel helps to target the right bunch. It also helps you to know your customer better.

Activation
Make people use your product. The marketers can put to use their skill set in this zone. The various marketing tactics will ensure better customer connectivity.



Retention
The Customer Relationship Management and the Public Relations team of the organization can team up with the main growth hacker to formulate steps on how to keep constant touch with the customers. Maintaining a steady customer base is the foundation for any successful business.

Revenue
The businesses cannot grow with the limited customer base. Broaden the customer base via your own customers. This creates a better bond as you have already infested a trustable brand tag on to one's mind.

Referral
Always make sure to keep some revenue aside for emergency purposes. You can also have tie-ups with less interest or zero interest loan providers.
It is recommended to get the basics right. Enlighten yourself with these basics to promote growth.
 
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