Blog Post

Demand Generation

Growth

Why You Need to Implement a Growth Marketing Strategy

Why You Need to Implement a Growth Marketing Strategy

Budding SaaS brands leverage growth marketing by constantly trying innovative marketing strategies, measuring their efficacy, and scaling them up accordingly to get more paying customers that add to a strong user base.

In this article, let’s look at five reasons why a go-to-market strategy is a must-have for every budding business aiming for hyper-growth.

1. Growth Marketing Improves Your Brand Awareness

The biggest challenge growing businesses face is that only a tiny percentage of their target audience is aware of them. This increases the effort that a brand has to put in to convert leads into loyal customers.

Growth marketing focuses on getting your business on the front page of the internet in the following ways:

  1. It increases your ranking on search results through strategies like link building and PR mentions.
  2. It boosts your social media following by capitalizing on User-Generated Content (UGC) and increasing activity on social media platforms.
  3. It increases the dwell time of visitors to your website through content creation.

All the above advantages get you more qualified leads, boost your conversion rates, and improve your average customer lifetime value.

2. Growth Marketing Increases ROI

Traditional digital marketing tends to have a lower Return On Investment (ROI) as it shares a one-size-fits-all promotional message without considering the factors that make each of its viewers unique.

Growth marketing is just the opposite. It segments the audience based on various parameters such as age and location and shares customized messages by understanding their pain points and requirements.

This personalized approach pulls the prospect closer to your product or service as they can relate to the message on a deeper level. Consequently, your conversion rates and customer lifetime values increase, and your customer journey improves.

An indirect way growth marketing increases ROI is that some of its tactics (like email marketing) can be automated, saving you time and labor.

In the long run, through sustainable growth marketing tactics such as content marketing, the cost of acquiring customers decreases. 

It also becomes more effective, as you can target your approach for each funnel state (as we know some demand generation content works best at certain stages).

Source: Content Marketing Institute. A table showing the effectiveness of each marketing channel at each buyer stage.

3. Growth Marketing Makes Customer Acquisition Easier 

You have ‘acquired’ a customer when a prospect who doesn’t know your business exists eventually purchases from you. For that, they need to find you, connect with you, and trust that you will give them the value they are looking for.

Growth marketing facilitates each of those things.

Through a diverse set of strategies like content marketing, referral programs, and social media marketing, you can increase brand awareness which will make your audience trust your business.

Once they become a lead, you can nurture them through the sales funnel using strategies like email marketing. Drip marketing campaigns through email (or any platform) are a great way of delivering value through personalized content.

Furthermore, by leveraging UGC, social mentions, and testimonials, you can earn their trust by delivering a great customer experience. This will not only increase the rate of customer acquisition but will also keep the acquisition costs low and improve customer retention.

4. You Can Adapt Growth Marketing to Your Needs

Adaptability lies at the heart of effective growth marketing. This makes growth marketing platforms an excellent option for businesses of all sizes, regardless of their marketing budget.

Based on your current objectives, you can facilitate rapid business growth by investing in selective growth marketing strategies. 

For instance, if you want to position yourself as a thought leader, you can just focus on PR campaigns. Or, if you want to increase your conversion rates, you can invest in tactics such as programmatic ads.

However, to know what will work best for you, it can be hugely beneficial to take assistance from successful growth marketers who have a wide array of experience. As every business, including yours, is defined by many variables, it can be easy to make mistakes that you cannot afford.

This is where a growth hacking team like Matter Made can help you immensely. 

5. Growth Marketing is Scalable 

Unlike traditional marketing, you can selectively scale up your growth marketing efforts to give you specific results.

For instance, if you want to increase the number of visitors to your website, you can scale up your content efforts. If you want to get more followers on social media, increase your activity on corresponding social media platforms.

Furthermore, you can scale up any of your growth marketing experiments whenever you want to. 

Apart from being adaptive to your need of the hour, scalability is another reason why working with an experienced growth marketing manager is indispensable.

Need A Growth Strategy? Chat To Matter Made

Growth marketing helps you in the following ways:

  1. It increases your brand awareness
  2. It improves your marketing ROI by targeting potential customers that are more likely to convert
  3. It makes it easy for you to gain new customers while reducing CAC
  4. It adapts to your needs and constraints of the moment
  5. It scales in the way you want to and when you want to

Matter Made's growth marketing team has helped SaaS companies like Loom and Dropbox grow astronomically by creating and implementing various growth marketing strategies suited to their respective niches.

Our growth hackers can help you strategize and execute growth strategies for faster revenue growth, get you more customers through demand generation, and cement your position as an industry leader through paid media campaigns.

Interested? Let’s talk.

Blog Post

Demand Generation

Growth

How to Choose the Right B2B Marketing Agency

B2B marketing is a different beast than B2C marketing and can be more challenging, even for experienced digital marketing teams. To build successful growth marketing strategies, working with a B2B marketing agency might be the most productive route to take. 

With that said, it’s not a good idea to join efforts with the first agency that shows up on search engine result pages. 

Finding the right agency that will meet a business's unique needs is easier said than done, and this article will discuss how to identify the right B2B marketing agency.

#1. Know Exactly What You Need

Even a rudimentary content marketing strategy (or any strategy, for that matter) requires a good understanding of goals and aims. It’s important that all objectives are made clear before a B2B marketing agency is approached.

When a business knows exactly what they want to achieve, it will be much easier for the agency to develop an effective strategy. 

This doesn’t mean a complete and fully developed digital marketing strategy or paid media campaign needs to be prepared, but the main ideas should already be identified. It’s also a good idea to already know the target market and potential strategic foundations that could work best. 

Having already-planned brand messaging and a fleshed-out brand identity will help the agency better understand the business as well, making the marketing and sales team’s work easier. 

#2. Ask the Agency For Examples of Their Work

Before deciding which marketing agency has made the cut, it’s a great idea to get an understanding of what they can do and how they go about meeting goals. Naturally, no marketing agency can show off all the work they've done, but they should have suitable examples and archives to display their skills and abilities.

Keep in mind that finding the right agency isn’t necessarily about working with one that has done exactly what you need. 

It is highly important that the agency has an understanding of appropriate industry trends (such as the PLG funnel), though. If the team is not up-to-date with what’s going on in your industry, the agency can easily miss the mark with its strategic planning.

#3. Read Their Websites Carefully 

Once you have compiled a list of reliable and interesting marketing agencies, it’s time to see how they created their own website. An easy way to see what a prospective agency is capable of is by taking a look at its own website.

If an agency can’t show examples of how it satisfied existing customers (or previous customers), it might be best to move on to the next agency. Getting a glimpse of previous work allows for an understanding of how an agency can achieve the goals it’s given.

At Matter Made, for example, we offer case studies from many brands — including Dropbox, Productboard, Calm, Loom, and more.

The website should also highlight information such as pricing, customer reviews, and how the teams behind the agency’s success do the things they do. You’ll get an understanding of the agency’s workflow and how that can help with "speed to lead" strategies.

#4. Have a Meeting With Each Agency

Getting together with the marketing agencies and personally meeting every potential agency partner is essential. Although a lot can be learned from the agencies’ websites and brochures, etc, nothing compares to physically meeting the marketing and sales teams you'll be working with.

Allowing a business’ in-house marketing team to meet with the agencies’ team members will help everyone involved to decide if they can work together. A successful digital marketing strategy depends on every person working on it, and if there isn’t harmony, the final results may be lackluster.

Asking questions in person also gives a business the chance to gauge how the agency’s team responds and get a feel for what working with them will be like.

#5. Slowly Weigh Up Your Options As a Team 

When all potential agency partners have been looked at, it’s time to sit back and carefully compare them. It’s important to not rush the decision and think carefully, taking portfolios, track records, skills, and pricing into consideration.

Taking enough time to make this decision can feel somewhat frustrating, but it’s important not to make an emotional or hurried choice. 

Keep in mind your desired marketing campaign — will you use content marketing or social media marketing? How important is search engine optimization to you? Will the agencies be able to achieve the goals you have? How will they do that, and how long will it take them? How will their approach affect your revenue operations? The answers to these questions will help make the final decision easier.

Is Matter Made the Right B2B Marketing Agency For You?

Choosing a B2B marketing agency to work with is more complex than one might expect, and having everyone on the same page about goals and ambitions is important. 

Although working with a good agency can make digital marketing easier, teaming up with the wrong one can cause frustration and waste money as well as time. 

Matter Made’s team of experienced experts could be just what you’re looking for. Interested? 

Let’s talk!

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