Hacking Growth audiobook cover - How Today's Fastest-Growing Companies Drive Breakout Success

Hacking Growth

How Today's Fastest-Growing Companies Drive Breakout Success

Sean Ellis & Morgan Brown

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Hacking Growth
The Growth Team+
The Must-Have Product+
Key Metrics+
Growth-Hacking Cycle+
Customer Acquisition+
Conversion Optimization+
Retention & Habits+
Revenue Optimization+

Quiz — Test Your Understanding

Question 1 of 10
What is a defining characteristic of a successful growth team?
  • A. It operates exclusively within the marketing department to maximize ad spend.
  • B. It consists of members from different departments collaborating to find ways to grow.
  • C. It is composed of external consultants who independently analyze the company's data.
  • D. It focuses primarily on developing entirely new products from scratch.
Question 2 of 10
How can a company confidently determine if they have built a 'must-have' product?
  • A. If at least 40 percent of surveyed customers say they would be 'very disappointed' if the product no longer existed.
  • B. If the product generates a 92 percent increase in revenue within its first quarter on the market.
  • C. If at least 50 percent of users upgrade from a free version to a premium version.
  • D. If the product acquires over 10,000 new daily active users in a single month.
Question 3 of 10
What does a company's 'North Star' metric represent?
  • A. The total amount of revenue generated in a fiscal year.
  • B. The single metric that best measures the core value the product delivers to customers.
  • C. The number of new marketing channels successfully tested in a given month.
  • D. The statistical confidence interval used during the testing phase of new features.
Question 4 of 10
In the prioritize stage of the growth-hacking cycle, teams use the ICE scoring system. What does ICE stand for?
  • A. Innovation, Cost, Efficiency
  • B. Impact, Confidence, Ease
  • C. Ideas, Conversion, Engagement
  • D. Implementation, Customer, Evaluation
Question 5 of 10
What are the four stages of the growth-hacking cycle in the correct order?
  • A. Analyze, Ideate, Prioritize, Test
  • B. Ideate, Analyze, Test, Prioritize
  • C. Prioritize, Ideate, Analyze, Test
  • D. Analyze, Prioritize, Test, Ideate
Question 6 of 10
How does the book recommend prioritizing potential marketing channels to avoid going bankrupt?
  • A. By investing heavily in the exact same channels that your competitors use the most.
  • B. By scoring them across six specific criteria, including cost, setup time, and how well they target desired customers.
  • C. By exclusively using channels that have been proven to work by tech giants like Apple and Facebook.
  • D. By testing all possible channels simultaneously to see which one yields the fastest results.
Question 7 of 10
What is the primary purpose of creating a funnel report?
  • A. To brainstorm hundreds of variations for a single marketing message.
  • B. To track the daily active users of a platform over a fiscal year.
  • C. To pinpoint exactly where potential customers drop off before making a purchase.
  • D. To calculate the average attention span of a website visitor.
Question 8 of 10
How do companies like Amazon and Yelp successfully create customer habits?
  • A. By utilizing engagement loops that offer rewards and instant gratification.
  • B. By constantly changing their pricing structure to surprise customers.
  • C. By sending daily mandatory surveys to remind users of the product's value.
  • D. By restricting access to their platform to create a sense of exclusivity.
Question 9 of 10
What surprising insight did the app HotelTonight discover by segmenting their customers?
  • A. Customers using Wi-Fi were twice as likely to book premium luxury suites.
  • B. Customers using cellular data generated twice as much revenue as those on Wi-Fi.
  • C. Customers using cellular data abandoned the app significantly faster due to slow load times.
  • D. Customers using Wi-Fi left more positive reviews for the app on the app store.
Question 10 of 10
When conducting a pricing optimization survey, which of the following is ONE of the four key questions you should ask customers?
  • A. How much do you currently pay for our competitors' products?
  • B. What price point would you consider too inexpensive and cause you to doubt the quality of the product?
  • C. Would you be willing to pay a monthly subscription fee instead of a one-time purchase?
  • D. How much of a discount would you need to recommend this product to a friend?

Hacking Growth — Full Chapter Overview

Hacking Growth Summary & Overview

Hacking Growth (2017) provides online business owners with a game plan for taking their company to the next level. Sean Ellis and Morgan Brown give readers a step-by-step guide through a dynamic and endlessly repeatable process that will spark growth and transform any sluggish business into a vibrant, growing enterprise teeming with loyal customers.

Who Should Listen to Hacking Growth?

  • Entrepreneurs and CEOs
  • Business students
  • Anyone hoping to grow a business

About the Author: Sean Ellis & Morgan Brown

Sean Ellis is cofounder and CEO of GrowthHackers.com. He’s responsible for the term “growth hacker,” as well as organizing the Growth Hackers Conference.

Morgan Brown specializes in marketing for start-ups and has given talks around the world on how to grow a business. He is also a cofounder of GrowthHackers.com and the COO of the real-estate news company Inman News.

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