Ryan Holiday: How User Growth Begins with PMF (Product-Market Fit)
· One min read
Four Steps of Growth Hacking Marketing
- Capture and expand PMF (Product-Market Fit) during the product development phase.
- Identify and nurture seed users.
- Embed viral growth factors.
- Support with data, aiming for product optimization, and repeat the above steps.
How User Growth Begins with PMF
-
==Product-Market Fit== refers to the degree to which a product meets strong market demand.
-
Start with the simplest viable product and improve based on user feedback.
-
Use the data and information obtained to support the enhancement of PMF.
-
Understand customer needs as early as possible.
- For example, Amazon employees provide internal newsletters to gather feedback before a project begins.
- For example, Werner Vogels suggests writing FAQs/key user experiences/user manuals for the product you are developing = concept + operation + reference.
-
Find answers using the Socratic method.
- Who is this product for? Why would they use it? And why would I use it?
- What made you fall in love with this product? What prevents you from introducing the product to others? What is missing from this product? And what are its highlights?