Growth Gems experts

Sean Ellis

· LinkedIn

8 insights on Strategy, Data and Onboarding and Activation from one talk or podcast, each with the quote and a link to the moment it was said.

Is this you? Suggest an edit

Strategy

Strategy

What you try to do with the North Star metric is reflect how much aggregate value you’re delivering to customers. This is more sustainable than focusing just on revenue. Example: for Uber, multiple small rides is better than a long ride even though revenue might be the same. Because it involves more customers, therefore more habit-forming opportunities.

8 Principles for Sustainable Growth · Featured in Growth Gems #69

Strategy

Without Product-Market Fit, you can’t drive sustainable growth. If people don’t keep using your product, eventually you’ll be losing people at a faster pace than you’re bringing them in.

8 Principles for Sustainable Growth at 5:20 · Featured in Growth Gems #69

Strategy

When you’re experimenting with new channels, you also have to make sure the business model is right for this channel. Examples: relying on virality, a high price might slow down growth; relying on Google Ads and competitive keywords, you probably need a high price.

8 Principles for Sustainable Growth at 21:30 · Featured in Growth Gems #69

Data

Data

The only way to know if an app is a must have is to put it in the hands of customers. Then, ask them how they’d feel if they could no longer use the product: not disappointed, somewhat disappointed or very disappointed. Next, learn all you can about users saying they are very disappointed.

8 Principles for Sustainable Growth · Featured in Growth Gems #69

Sylvain's take:

⛏️ Going Deeper: Ethan shared that companies often fail at growth because they don’t understand their product market fit, and he suggested using a tool like PMFSurvey (there are others too) regularly to understand where they are on the Product-Market Fit continuum. I really liked the idea of the continuum and looking at this regularly, because PMF is not a binary thing. Like Andy Carvell shared (Growth Gems #63), eventually you can also have multiple product-market fits.

Growth Gems
💎 Growth Gems #63 - Product-led Growth, Branding and Acquisition
Subscribe to get the Growth Gems newsletter every other Tuesday👇 Hi there, This week I’m sharing gems on collaboration between teams, brand building, habit forming products and product personalization. These insights come from Clément Halloo, Scott Dodson, Maggi Ngai, Nir Eyal and Andy Carvell…
Read more
Data

You can debate your North Star Metrics for 6 months, but then you don’t benefit from its power during that time. Commit to something now and if you need to change it later, you can.

8 Principles for Sustainable Growth at 30:25 · Featured in Growth Gems #69

Onboarding and Activation

Product

User Research