Back to Blog four freestanding pillars with sunset in background
Growth Marketing

4 Essential Elements of a Successful Growth Marketing Strategy

Want to achieve long-term, sustainable growth, but aren't sure where to start? Let's go back to the basics with these core pillars of growth marketing.

4 mins read time
Alan Bedingfield
Alan Bedingfield

May 11, 2022

You've probably heard that cooking is a science, and each ingredient plays a specific role in the chemical reactions that occur. (And if you've ever baked a cake and forgotten to add the eggs, then you know from experience it's true.)

Growth marketing might not be quite as tasty as a freshly baked pie, but it does have that in common with one: Each element of a growth marketing strategy has a specific role to play, and without one of them, you're unlikely to get the results you want.

Want your growth marketing strategy to be the best it can be? These are the four elements you need.

4 Essential Elements of a Successful Growth Marketing Strategy

1. Testing, Testing, and More Testing

A/B testing is to growth marketing what taste testing is to cooking: absolutely essential if you don't want your results to be a surprise.

And since growth marketing is all about achieving, well, growth, you certainly shouldn't want the results you get to vary wildly.

So the solution is to stop going with your gut and start using A/B testing. With this testing method, you take two versions of one thing — whether that means a landing page, CTA, color scheme, or layout — and test your audience's response to each.

Version A is your control, and version B is your variant. Depending on which one garners the best results, you'll know which one you should choose.

ab-testing

Source

Simply put, if you want to know whether you should stick with your existing version of something or move on to the next, A/B testing can give you the answer you're after and help you keep your audience happy.

2. Data-Based Decisions

A/B testing isn't the only way that you can use concrete data to inform your next move. In fact, if you use data to inform as many of your decisions as possible, then your marketing growth strategy will only grow stronger.

In that sense, data-based decisions are like your favorite sauce — they just make everything better.

For instance, you can use data to improve your brand's:

  • Audience targeting
  • Personalized email campaigns
  • Design and aesthetic
  • Cross-channel marketing
  • Content focus
  • Keyword strategy
  • SEO backlink portfolio

In other words, there's not any aspect of your growth marketing strategy that data can't upgrade.

3. A Modern Marketing Funnel

Growth marketing without a modern funnel would be like macaroni without cheese: bland and more than a little sad.

That's because the traditional marketing funnel has just three levels. At the first and top level, customers become aware of a brand. At the second and middle level, they begin to consider a brand as a viable option. At the third and bottom level, they're ready to make a decision and take action (such as by making a purchase).

But a modern marketing funnel improves upon that basic framework by accounting for what happens to customers after they make a purchase.

Take, for example, the Pirate Funnel. In addition to the first three levels, it adds three more — retention, referral, and revenue:

pirate-funnel-fps

With such a funnel, you can drive dramatic growth (and revenue) by turning your existing customers into your best advocates.

4. Automation and Scalability

The cherry on top of any well-rounded growth marketing strategy is the heavy-hitting combination of automation and scalability.

That's because growth marketing is all about efficiency. If you're not efficient, then any growth you achieve will inevitably plateau — after all, there's a finite number of hours in the day. So if you fill them up with repetitive marketing tasks, then your results will be finite, too.

The answer is to embrace automation and scalability.

With the right tools at your disposal, you can automate:

  • Social media posts
  • Personalized emails
  • Customer relationship management (CRM)
  • Lead nurturing
  • Product recommendations
  • Special offers and incentives

To do so, start by looking for a marketing automation platform that works for you.

In a Complete Growth Marketing Strategy, Every Ingredient Counts

The secret to a successful growth marketing plan is that there isn't just one key element — there are four, and if you're missing one, then your recipe will fall flat.

While that may sound like a tall order to fill, the results are sure to be worth it. So if you want your strategy to work, you need to stop skimping on the star ingredients and start driving real growth.

NEED RESULTS-BASED MARKETING  THAT GENERATES TRAFFIC, LEADS,  AND REVENUE GROWTH? SPEAK WITH OUR VP OF GROWTH  <https://www.firstpagestrategy.com/contact?hsLang=en>

Alan Bedingfield

Alan is a strategic marketer and business leader with global experience working for organizations like Google, Microsoft, Toyota, and The Movember Foundation. Over the years, his work has shifted perspectives, influenced change, and driven results.

Get your free content audit now

Dip your toe in growth marketing with no obligations, no commitment: just a valuable sneak peek at what we can do to grow your brand.

Latest Articles

White Hat vs. Black Hat SEO: How to Rank & Avoid Penalties

White Hat vs. Black Hat SEO: How to Rank & Avoid Penalties

SEO can feel like the wild west at times. But who's the good guy, and who's the bad guy? Get the full rundown on white hat and black hat SE...

Don't Build a House on Sand: How Growth Marketing Lays a Strong Foundation for Success

Don't Build a House on Sand: How Growth Marketing Lays a Strong Foundation for Success

The tallest buildings need the strongest foundation. Lay the groundwork for long-term, sustainable growth with growth marketing.

How Content Marketing and Lead Generation Work Together

How Content Marketing and Lead Generation Work Together

Getting leads in your funnel is great. But what if you don't have the content to keep them there? Lets see how content and lead gen work be...