GrowthGirls’ Post

🍩Growth Loops: The new marketing funnel🍩 “Growth Loops” refers to a system where an input (e.g. a new lead) generates an output that triggers the next input. This creates a higher return on investment than the typical funnel as it’s a self-efficient process that maximizes user acquisition, efficiency and time. Why are Growth Loops important? 👉Growth Loops break the functional and strategic marketing siloes where each campaign leads to the achievement of one objective. When time and budgets are limited, a unique approach for sustainable compounding growth must be implemented. 👉Growth Loops are holistic. They combine a brand’s product or service, its channels and monetization style into one unbreakable unit, making it harder for competitors to replicate. As such, they differentiate each brand based on its value as a holistic operational “ecosystem”. 👉Lastly, Growth Loops facilitate decision-making by setting ongoing processes based on their expected returns, making management’s life easier. All it takes is the design of 1 or 2 powerful loops for acquiring new cohorts of users which are sustainable over time and come hand-in-hand with the brand’s operations. 🛏️Let’s take a look at Airbnb's Growth Loop. A host 🧑💼 promotes their property to a traveler🏄. The traveler now leaves a positive review recommending this property to new travelers. More and more travelers are now choosing Airbnb as their primary accommodation preference, increasing the demand for more capacity and hosts. Established hosts invite new hosts as travelers continue to spread awareness of the brand. 👉 The compounding growth of “Airbnb” over the last years is a definitive statement for the efficiency of Growth Loops. Can you think of other brands that successfully implement growth loops? 🤔 Visit our site to get more tips on Growth Hacking👉  https://growthgirls.com/  #growthloops #growthmarketing #growthgirlsagency #marketing #performance #airbnb #linkedin #venmo

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