Taktical Growth Hacks – #143

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ways to grow a business - gift gif

Growth Hack #1 – Increase Referral Sales by 3,600% With Tangible Offers:

Have you ever seen “Invite a friend – get X amount of money”, or “X%/$X discount for your next purchase”?

These offers are everywhere.

But do they work?

A study found that simply shifting from a cash reward to a bottle of wine (1/10th the cost of the cash reward) increased the number of referral sales by 3,600%!

The takeaway: Real gifts work much better than cash incentives.

Maybe this is a reason why Uber positions its referral message as “Get a free ride worth up to $5 when you refer a friend to try Uber” and not just “Get $5 …”.

Source: http://d1ygf77yf1jfd8.cloudfront.net/Content/Downloads/buzz-referrals-intro-to-referral-marketing.pdf

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Growth Hack #2 – Boost your Ecommerce Revenue +190% Through MultiChannel Ecommerce:

Stitch analysts found that retailers who sell on 2 marketplaces see 190% more in revenue than those who sell only on a single marketplace.

In this case, boosting your sales is as easy as putting your products in front of the eyes of the new ready-to-buy audiences.

Where else can you sell your products?

Check out these 5 marketplaces.

  1. Amazon
  2. eBay
  3. Etsy
  4. Rakuten
  5. Jet

Source: https://empireflippers.com/multichannel-ecommerce-selling

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ways to grow a business - king in chess

Growth Hack #3 – Facebook Ad Hack That Decreases CPE 64% and Increases CTR 920%:

This simple Facebook hack can transform your business.

First gain “social proof” (~1000 Likes) from low-demand countries (e.g. India, Philippines) for $0.005 per post engagement.

Then, switch target to the high demand, high competition countries.

Get 64% less cost per engagement, 920% increase in click-through rate.

Source: https://www.businessol.com/resources/blog/

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Taktical Team

In the ever-evolving world of digital marketing, we at Taktical Digital are your go-to team. We’re a vibrant mix of marketing enthusiasts and experts, each bringing something unique to the table. Our blog is where we share the latest trends, nifty strategies, and practical advice, all designed to amp up your online game. It's not just about theories; it's about real, actionable insights that make a difference. From SEO to social media, we cover it all with a fresh, engaging approach. Think of us as your insider friends in the digital marketing sphere, always here to help you navigate and succeed.
Picture of Taktical Team

Taktical Team

In the ever-evolving world of digital marketing, we at Taktical Digital are your go-to team. We’re a vibrant mix of marketing enthusiasts and experts, each bringing something unique to the table. Our blog is where we share the latest trends, nifty strategies, and practical advice, all designed to amp up your online game. It's not just about theories; it's about real, actionable insights that make a difference. From SEO to social media, we cover it all with a fresh, engaging approach. Think of us as your insider friends in the digital marketing sphere, always here to help you navigate and succeed.
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