Growth Hacking Geniuses - Sean Kim - Visual Summary

Sean Kim

Can You Tell Us a Bit More About Your Business?

Rype is a global language learning platform where we have essentially disrupted the traditional language model which is language schools where you have to go and commute to language schools.

Instead, we connect you directly to teachers online allowing students to work with better teachers and taking up less of your time at a cheaper cost. We’ve essentially disrupted that model by connecting you directly with our teachers.

We’re also introducing the subscription model to the language learning industry that has never really existed before so we’re really excited to be helping connect the world through languages.

Which Daily Habits Have You Installed to Maximize Your Results With Clients?

I think, with entrepreneurship, as many of you guys listening, it definitely comes with its ups and downs. For me, just having a daily habit that’s keeping you at rhythm is important. It could literally be anything.

For me, I have a similar priming method that I’ve gotten from Tony Robbins – for anyone that’s a fan of Tony – where he primes himself for ten minutes from the moment he wakes up. It’s a little bit different in terms of the way he does it versus the way I do it. It has a specific set of patterns and I’m happy to share all of them with you.

I don’t want to bore you with the details but it starts with three things that I’m really grateful from – from anything as small as I’m currently here in Bucharest right now and it’s really just recognizing the small little moments because, I think, as entrepreneurs, we always think ahead. We never think of the present moments that we have. So, those are the three things. I start with the three things that I’m really grateful for and then I generally take a cold shower in the morning and I meditate for ten minutes.

It varies; sometimes, I’ll add small things here and there, but those are the three fundamental things that I do to really prime my mind. No matter how bad of a day it is or how much of a rollercoaster the day comes up with, I know at least I can prime myself so that my body and my mind feels as new and it feels like it’s the daily routines that I’m going through could help me withstand anything that comes my way for the rest of the day.

What Are Your Top 3 Pieces of Advice for Growth Marketing?

I guess the first one that I would look at is keep in mind that the three processes that I generally take is have one KPI in mind and make sure that it’s not a metric. Make sure it has some value towards your business.

For SaaS, it could be the number of actual signups. For eCommerce, it could be the actual revenue that you generate. Make sure it’s a KPI which is a key performance indicator – one number that you’re trying to improve.

If you have a growth hacking team especially, make sure that everybody around you understands what that KPI is because, when you have one person that is trying to optimize for traffic and one person that’s trying to optimize for revenue, those can be very different processes. One metric, keep everyone in the same company and the same team work that one metric.

Second is I generally look at most things as a funnel. I have processes where I literally write down every little step with a lot of arrows. I can’t really show you here right now since we’re on a video chat but everything really comes down to having a structure funnel of creating an on-flow experience.

It’s kind of like when someone goes into a Nike store, you want to make sure that they are going to specific steps. When they first come into the store, what are they looking at? How are they going to leave? You want to really have a step-by-step process of what experience a user goes through.

And then, the third step is generally don’t listen to the advice of others, especially around very specific advice, mainly because what happens and what has worked for someone else is not going to work for your specific business.

I personally made the mistake of listening to someone that is maybe an expert in eCommerce but is not going to give you the best specific advice on how to optimize your funnel, how to growth hack your SaaS business, or the business around your education because it’s a different model, it’s going to be a different funnel and you’re going to have different customer segments that are going to react completely different to what you’re doing. So, I would be very careful and really test out everything on your own and measure it yourself.

For me, I really tune out to all these gurus with advice unless it’s more high-level things that every marketer should do which is stuff that I’m recommending right now. When it comes to the nitty-gritty things in your business, really, test it out for yourself. Use tools like Optimizely.com, VisualOptimizer.com – I think I’m getting that right.

Do these A/B tests on your own – multi-variant tests – and decide based on data, not what other industry experts are saying.

How Important Are Lead Capture and Conversion Funnels?

It’s really the essence of a business, I think.

Again, it depends on what exactly is the experience that you’re trying to take towards your customers. For example, if you sell maybe a high-pricing product, you want to generally not sell them right away. You want to capture their emails and you want to be able to nurture them through an email marketing funnel or through a series of really valuable information that helps you become more trusted and helps you build some sort of loyalty that, in a month from now or three months or even a year from now, people will be willing to take out their hard-earned money and pay a thousand dollars for it.

Now, if you are running an eCommerce company, let’s say, and you sell products that are $10.00, $20.00, $30.00, that’s not going to really impact the wallets of a regular consumer, that might be a different case. You might just want to sell them right away.

Like, Amazon actually does the opposite where they ask you to create your account way later down the funnel rather than early on because they understand that most consumers, you don’t want to create a barrier for them. You want to make sure that you want to be able to do that last.

Some companies don’t even ask you to create an account. They ask you to continue as a guest but, obviously, they do ask you for your email. It really depends on the business that you’re running.

I would say, if you have a high-priced product, then set up an email marketing funnel and capture leads early on. If you have a very cheap product – $5.00, $10.00, $20.00 – then it may not be as necessary because a consumer does not overcome as big of a barrier or make a purchase product decision.

How Are You Growing Rype

We have multiple different ways that we’re growing Rype.

As many things that I do or try to do with my life and the way I make my personal decisions, I have one or two things that are really making a big impact in the business itself. I think a lot of marketers, a lot of entrepreneurs that are starting out try to optimize for way too many things. By “way too many,” I mean, four is way too many for a company that is one to five people because you just don’t have the resources to optimize all of these things.

While it is important to try out multiple things, the way I look at it is spend 80 percent of your time working on channels that work. For us, it’s content marketing – that’s Facebook ads. Those are really the two main drivers in the company. And then, spend 20 percent of your time trying to do little experiments like affiliate marketing possibly. It could be increasing referrals, it could be email marketing that are not as proven but could become part of your 80 percent later down the road.

You never want to take your eye off the ball of the things that are working and either have someone that’s really good at it that’s working on it or you have to be the one that’s continuing to grow and scaling that while being able to do these small little experiments as well.

For us, we’re trying to constantly figure out what’s the best way to scale through content marketing and continuing to grow our blog and sharing our journey of starting a company itself. We’re very transparent about that as much as possible. Facebook ads are working out really well for us. But then, at the same time, we’re starting to see results in little things through our experiments that may go into our 80 percent bucket. We’re constantly changing as data comes back to us.

Growth Hacking Geniuses - Pierre Lechelle - Visual Summary

Pierre Lechelle

How Did You Start Your Journey in Growth and Digital Marketing?

I formed the business a couple of years and it formed brilliantly – mainly because of product. I’m a good product guy when things are getting started. Like, when you have traction and stuff like this. But I’m a bad product guy when it comes to getting started from the ground up.

Basically, starting the company was awful for me. Beyond the product, we sell for over two years and, at the end of these two years, we started doing marketing and all that sort of stuff. But it took me so long to get the product out there and gather feedback from people. I was just too late.

You know, running these marketing campaigns, I learned that I was a good marketer but not a very good product guy – at least not at the beginning of the project. And so, that’s how I got started and, you know, getting to know all these strategies, tactics, and working in more and more businesses basically led me to where I’m at today.

What Are Your Thoughts on Growth Hacking or Growth Marketing?

You know, I think it’s quite a weird word. You know, you’ve got tons of people doing growth hacking and growth marketing. Basically, what we do doesn’t have a real title. I think it’s coming closer and closer to growth marketing itself but growth hacking to me is like everyone is talking about scraping tactics, about finding leads or LinkedIn, pouring them all into big campaigns and seeing the results and doing all that sort of stuff.

I think, you know, some people come to see me and they expect me to be like, “Hey! We’re going to scrape this and Craigslist and do all the good stuff.” I’m like, “Sorry but I don’t do that.” I think what’s the main reasoning behind this is I think growth hacking is mainly about finding that one small tactic that’s going to give you traction but it’s not going to be sustainable in the long term.

So, it might help you gain your first few hundred users – maybe the first customers – but it’s not going to help you grow sustainably over the next

five to ten years and this is what I like to focus on because this is what is going to have the greatest ROI for you and your business. If we’re just basically finding tactics, it’s not going to be very helpful over the long-term. I think that’s a huge distinction between growth hacking and growth marketing.

People – I believe – should focus on the latter because you’re not going to build a business or scraping and doing illegal stuff and weird tactics. Yes, that’s where I stand.

How Important Are Lead Capture and Conversion Funnels?

You know, I think we live in a world where we can have very augmented businesses. So, I don’t think everything should be fully automated or that everything can be fully automated. But, you know, if you are a consultant or you are a SaaS software, no one is going to go from no clue who you are to “I’m going to purchase a $1,000-a-month product.” There’s no way someone is going to go through that thought sequence in just a second.

I think it’s important for us marketers and for business but also for customers and prospects to basically go through these funnels that they can basically get nurtured into. Like, I don’t know if consultants, a lot of SaaS businesses are going to start with blog articles and they’re going to push you to some sort of an e-book then you may have multiple other e-books, email courses, and all that sort of stuff.

That’s going to educate you about the product, about what it can do for you, and the advantages it can have for your business. And then, later on in the journey, when you’re finally ready to purchase the product, it becomes a very simple decision-making process because it just makes sense. “I’ve been with that company for so long, why not give it a try?”

I think HubSpot is a very good company doing this. I’m a user of Modern Mark and they do listings of B2B SaaS companies and all that sort of good companies and they basically have a newsletter where they share content, share very interesting content.

Before I went about and became a customer, I was reading that newsletter. Every week, I would discover new features, I would discover new content that would allow me to put outbound sales to work and, you know, all that content, when I was thinking about doing outbound sales

myself, I was like, “Well, Modern Mark is all I need to speak to.” I think that is, in the end, what conversion funnels and high-level funnels are. It’s not necessarily about the different steps between a payment processing but it’s mainly about what’s the customer journey, customer life cycle that maximizes the number of customers that are going to end up at the end of the process, if that makes sense.

How Do You Get Customers a Quick Win?

I think it’s mainly a question about where should the business be focused. You know, when you get into a new business, you always have these huge low-hanging fruits – you know, you see weird things happening in the AdWords account.

I think the last business that I audited, they basically had 25,000 emails that never received any email. They were basically getting new email subscribers every day but they didn’t send any email to these guys. And so, it became obvious to me that we are to email these people and reactivate them and make sure they are great content and great experience. But, in the end, it’s about looking at the entire funnel of your business, the entire customer life cycle, and looking at where you have missed opportunities. It’s often going to be in emails.

One of the huge ones that every business can have is basically look at all the lost deals, all the leads that never got engaged, all these lost leads that you lost track with, and just emailing these people can tremendously help your business. But, yes, looking at the entire funnel and seeing where you can have impact.

How Do You Start a Growth Team?

I think it’s a very complex process. You know, we’ve talked earlier about growth hacking, growth marketing, and all that stuff. I think what people see is, you know, they want to experiment. Everyone wants to experiment and everyone is going to try to launch new things and do different tactics.

I think our entire discussion is mainly about creating a growth team. It’s about finding where you can have the most impact, generating quick wins so that you can show to the organization and board of directors and VPs and everyone in the organization that you can have impact. It’s about showing that you – you alone or a small pool of people – can have impact on the business.

As soon as you show to everyone that you can have impact by launching experiments, you can then start with a small pool of people, generally promoting a few people from the organization, probably the same ones that already participated in these experiments, and then you can expand from this.

Let’s say you are the growth manager, a designer, and an engineer. You start experimenting by finding these high-impact areas, launching experiments. You’re getting these quick wins and then you can expand on that group of people.

If, for instance, you see that design is your main goal, you can basically hire one more designer and start moving more quickly through the experimentation cycle. That’s basically then all about brainstorming ideas for experiments, launching more of them, and making sure that you’re having positive results on your bottom line.