4 Growth Hacks to Make 2019 Your Best Year Yet

4 Growth Hacks to Make 2019 Your Best Year Yet

A viral loop, more influencers, a video and a chatbot should all be on your New Year's resolution list. "Growth hacking" refers to the process of experimenting with marketing, product development, sales segments and other areas to determine the best way to grow a business -- quickly. To grow your business quickly next year, you need to create a viral loop. Pretty much any type of business in any industry can create some form of viral loop to boost sales and grow the company. Internet celebrities are more relatable, and because of that, a product recommendation seems to your audience more like a recommendation from a friend. Here are some samples of those unboxings: Image credit: Fab Fit Fun on YouTube Huge companies tend to work with giant influencers who have millions of followers, which is expensive. Image credit: Buzzfeed Tasty video example You don’t have to have expensive cameras or a studio to make high-quality videos for your business, either. Biteable is a free online software that makes awesome Instagram videos in minutes combining its pre-made video templates with your own images. Add a chatbot to your site. Image credit: Hipmunk Chatbot Chatbots can also help customers through the onboarding process, recommend products, qualify leads and more.

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A viral loop, more influencers, a video and a chatbot should all be on your New Year’s resolution list.

4 Growth Hacks to Make 2019 Your Best Year Yet

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Want to grow your business to new heights next year without spending a ton of money? If the answer is yes — and it should be — then you need to take advantage of growth hacking. “Growth hacking” refers to the process of experimenting with marketing, product development, sales segments and other areas to determine the best way to grow a business — quickly.

Here are a number of low-cost and easy-to-implement growth hacks to take your business to the next level which I can share so that you can explode your business growth ASAP:

Create a viral loop.

To grow your business quickly next year, you need to create a viral loop. A viral loop is essentially how you induce your current users or customers to invite the next set of users or customers. Pretty much any type of business in any industry can create some form of viral loop to boost sales and grow the company. All that’s needed is some type of reward or benefit to users who recommend the business to their friends and family.

Dropbox, an online storage service, is a great example of a well-executed viral loop. Users have a certain amount of storage space when they sign up for the service, but Dropbox offers current users more space each time they recommend the service to a friend. This incentivizes recommendingthe service often, and thus creating a viral loop — a never-ending stream of new users if you will.

Consider offering your own customers a reward, such as a small discount, for referring friends, and your customer base will grow rapidly.

Partner with influencers.

Today, the younger generation is more influenced by internet “celebrities” on Youtube and Instagram than traditional celebrities like actors and musicians. Internet…

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