How to Uncover Big Growth Opportunities with Data

Post on 07-Nov-2014

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Twitter, Airbnb, HotelTonight and Facebook all used insights found deep within their data to unlock big growth opportunities. Join us as Colin reverse engineers five data-driven growth wins and shows you how you can apply this same level of thinking and analysis to find growth for your company. In this webinar, Colin Zima, Chief Analytics Officer for Looker and Sean Ellis, CEO of Qualaroo, will show you how to find and tap into the hidden growth levers in your own data. Walk away with actionable strategies to transform your data into a growth engine for your business.

Transcript of How to Uncover Big Growth Opportunities with Data

#datahacks

Growth Hacking with DataHow to Find Big Growth with Deep Data Dives

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Today’s Experts

Colin ZimaChief Analytics Officer

Looker@LookerData

Sean EllisCEO & Founder

Qualaroo & GrowthHackers.com@SeanEllis

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#DATAHACKS

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Poll QuestionWhat is your primary job function/role?

a) User acquisitionb) Product managerc) Brand marketingd) Other

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15-second commercial: Qualaroo

• Analytics are great at telling you what happened—Qualaroo tells you why.

• Collect voice of customer insights from site visitors

• Understand visitor intent to unlock growth

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15-second commercial: Looker

Looker makes large, complex data set accessible to everyone through the web…

…providing data analysts with tools to create new self-service data experiences…

…and empowering every employee to make better, data-driven decisions

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How to Use Data to Grow

Image: http://wall.alphacoders.com/by_collection.php?id=86

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Discovery ProcessAsk

Questions

Generate Hypotheses

Test and Iterate

Analyze Data

Understand Results

Product Decisions

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Collaboration is KeyTeam Member

Team Member

Team Member

Team Member

Data Analyst

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Data AnalysisThrough the Funnel

Data AnalysisThrough the Funnel

Image: http://hadapt.com/use-cases/threat-detection-and-analysis/

#datahacks http://slidemodel.com/templates/tag/aarrr/

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Mobile SEM Data Hacking

• Target mobile search ads for car rentals to airport locations

• Use voice of customer research and data to understand last-minute search needs

• Create high-value, high ROI campaigns to win business from long lines at rental counters

AARRR

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Finding Better Customers

Source

User Attributes

Purchase Details

AARRR

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Twitter’s Follow 30 People

• Twitter wanted to know what made someone become a core user

• The number of people you follow determines activation rate

• "Once a user follows 30 people, they're more or less active forever.” – Josh Elman, Greylock

AARRR

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Intelligent RecommendationAARRR

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Is Easier Than You ThinkAARRR

• Different Groupings– Users– Orders

• Different Actions– Purchase– View

• Different Items– Product– Brand– Department

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Airbnb’s Pro Photos

• Airbnb discovered that listings with high-quality photos received 2-3x bookings of average listings

• Airbnb invested quickly in professional photography and verified photos

• Booking activity explodes as people get a better sense of what they’re buying

AARRR

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Finding the Magic NumberAAARR

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Netflix Original Programming

• Knew House of Cards would be a hit based on Kevin Spacey and David Fincher

• Data-driven original programming makes Netflix shows 2x as likely to succeed as new broadcast TV shows

• Original programming drives down churn, increases overall hours viewed https://blog.kissmetrics.com/how-netflix-uses-analytics/

AAARR

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Uber’s Referral Machine

• Uber grows largely through word of mouth both for riders and drivers.

• How can Uber make the most of this program?

• What data points should they measure to find opportunities to drive even greater growth?

AARRR

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Try Looker for Free

Get a Free Trial of Looker

• Try Looker directly on your data, not demo data

• We do the set-up• We offer technical

support the entire trial period

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Get an Extended Qualaroo Trial

30-Day Qualaroo Trial

• 30 Day trial instead of 14

• Try all pro features including mobile surveys

• Get voice of customer insights from your web visitors

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Q & A