The Growth Newsletter #113

Cart abandonment, unconventional subscribers, and 80/20 influencer marketing.  ‌ ‌ ‌ [Demand Curve]( The Growth Newsletter #113 [Read on our site]( Greetings everyone. Spring is springing. AI is exploding. The economy is shrinking. The '20s really have been a strange decade thus far. And I'm excited to see where it goes from here. One thing I'm sure of is that the rate of technology will continue to exponentially increase. As will the amount of work that can be done per person. More people will start more companies and work for themselves. And we'll be here to help make the growth part a bit easier :)  Without further ado, this week we cover cart abandonment, unconventional subscribers, and 80/20 influencer marketing.  As always, if you don’t find this valuable, you can unsubscribe at the bottom of this email.  –Neal   Together with Superside  There's a new way to get creative assets—and it's called [Creative-as-a-Service (CaaS)](.  It’s ideal for when internal teams are stretched thin and the typical outsourcing solutions aren't able to deliver creative work at the scale, speed, and quality you need.  [Superside's Creative-as-a-Service]( combines the top creative talent from around the world, enabling you to produce creative assets twice as fast and at half the cost.  The designers can even start your projects in under 30 minutes and at any time of the day (yes, even at 3 AM).  [Get started with Superside →](   Want to get in front of founders/marketers? [Here's what you need to know]( (currently booking into May). 1. Go overboard with cart abandonment Insight from [Harry Dry]( and [KetoneAid](.  Here, let's just start with an image: “I see you started an order but didn’t get around to completing it. Here’s a free one to try...” When asked whether this tactic worked, KetoneAid's founder Frank said: “The cost of posting a can is $10. People get hooked and buy subscriptions. And the lifetime value of a subscriber is $3,000.”  For a kinda strange new product that people aren't sure they're gonna like, they definitely want to try it before committing to a $79 12-pack.  This tactic does a few things: - Handles buyers' biggest objection—knowing if they'll like it. - Surprises and delights people—and as [we've said](, delight is the best way to build brand loyalty. - Gives them a coupon for free shipping to sweeten the deal further. - Humanizes the brand. Frank's upfront about it costing $50 normally. It uses his name and is written in first person (even the coupon code uses his name).  2. Three unconventional ways to get more subscribers from social media Insight from [Alex Llull](.  What doesn't work: Just dumping a link to your newsletter in a post or your bio.  Mix up your strategy by trying one or more of these three creative methods.  1. Newsletter ad break – Twitter  Threads are all the rage (see the Something Fun today)—and they often end with a signup CTA. But people often leave before they get there.  So instead of making this CTA your final tweet, try plugging your newsletter in the middle. [Example here](.  2. Before-after – LinkedIn and Twitter  Share a new issue of your newsletter on these two occasions: - The day before you send it: Give a sneak peek of what it’ll cover. Tell users to sign up so they can find out more. - The day after sending: Broadly recap what your email covered. Then encourage users to sign up so they don’t miss the next one. Here’s an example from Justin Welsh: 3. Leverage social proof – everywhere  Whenever you get a nice review/testimonial, take a screenshot and use it to promote your newsletter (or product!). Often, this causes your biggest fans to flock and give you even more reviews/testimonials to use too.  Katelyn Bourgoin does this a lot: [Cool stuff]( 3. 80/20 influencer marketing strategy Insight from [Stephanie Jiang](.  We love nuance. But nuance sucks when you just wanna take action. Here's an 80/20 way to land on an influencer marketing strategy.  First, ask these four questions: - What exactly are you looking for from an influencer partnership? Choose only one: content, revenue, or brand awareness. - What’s your main KPI? $$$, subscribers, demos, eyeballs? - What’s your budget? - If you’ve got an influencer in mind, do they have a record of delivering on what you’re looking for? Use these answers to choose which influencers to partner with for the best ROI.  Three guiding principles based on your main objective: - If you’re looking for reusable content, prioritize nano-influencers and small-time creators who can create TikTok-style ads for $200-$350. - If you want to drive revenue, identify macro-influencers with strong engagement—take a look at their comments to find this out. Expect to pay $10-$15k for 100k views on YouTube or Instagram. - If you want to increase brand awareness, you’ve got two routes: - Parade: Send your products to a lot of nano-influencers. This is ideal for companies that don’t have much budget but have low product costs. - Revolve: Identify a few big influencers (600k+ followers) for long-term partnerships requiring content creation. This is best for companies with big budgets and products that are too expensive to give freely in bulk. There's a ton more nuance to every bulletpoint, but this is a great place to start. 4. How we improved our homepage Sponsored by [Oddit](.  A few weeks ago, we submitted our homepage and quickly got back this image: We realized that they were actually pretty good changes that made the page more compelling, readable, and more likely to convert.  We got it from Oddit.  They provide UX teardowns for sites to boost conversions & strengthen brand loyalty. They’re offering a [free user experience teardown]( to every reader of Demand Curve!  Let's breakdown the smart suggestions they made: - They made the banner text bolder and easier to read. Way better on mobile. - They broke up our 3 paragraphs of text into one, and highlighted the key features of "Free" and "Once a week." - They suggested a testimonial right before the form (social proof is strong). - They suggested making button text larger and bolder (easier to read) and make it more explicit what they were signing up for. - Added a link to say "hey, we sell courses too, we're not just a newsletter." - And added the 5 stars above the social proof. It was free, and very helpful.  [Get your own free UX teardown for your site](. No downside in trying.   News and links News you can use: - Demand Curve has a fun campaign running this weekend with a chance to win a fun mystery prize. We'll announce it on [LinkedIn](/[Twitter]( this weekend :). - Last week, TikTok CEO Shou Zi Chew [told U.S. Congress]( that American user data would be deleted from company servers by the end of 2023. A potential ban isn’t stopping advertisers, though—[75% of marketers plan to spend more]( on the platform in the next year. - Say goodbye to Twitter’s [legacy blue checkmarks]( next month. Starting April 1, any account verified before Elon’s reign will also need to sign up for Twitter Blue or Verified Organizations (the company counterpart) to get the check. - You can now [forward LinkedIn posts]( to multiple people (either separately or as a group chat), just as you might with a TikTok or Reel. Why this matters: If this metric [gets added to LinkedIn's Post Analytics](, it'd make another useful datapoint for understanding which of your posts are most engaging. - Is SEO dead? No, but it’s a very different world with AI writing tools. A satirical product review [created in part by ChatGPT]( outranked objectively more helpful content in search results. We’re sharing this news as a reminder that yesterday’s SEO strategy may not succeed today. Prepare to change course as needed.  SEO Service we recommend: [dofollow.io](*  Most link-building agencies use outdated methods and build low-quality links on link farms. They hurt more than they help.  [dofollow.io]( specializes in building links on the largest websites for B2B/SaaS companies. Turn your website into a traffic & lead gen machine with links from major sites like HubSpot, BigCommerce, Business Insider & more.  If you're investing in SEO, [get in touch with dofollow.io](. They're pay-for-performance, and they focus only on quality links.  *Sponsored by dofollow.io Top new marketing jobs  If you're looking for a top growth role, check out the opportunities below from our [job board](. [Head of Growth Alpha Spread Stock valuation platform that helps retail investors to make confident investment decisions based on value investing principles..](   Something fun From [@KateBour](   What did you think of this week's newsletter?  [Loved it]( | [Great]( | [Good]( | [Meh]( | [Bad](  If you enjoyed this, please consider sharing it with a friend. The number one way to support us is to share us with fellow founders and marketers.  Who's [Demand Curve](?  We’re on a mission to help make it easier to start, build, and grow companies.  We share high-quality, vetted, and actionable growth content as we learn it from the top 1% of marketers. We democratize senior growth knowledge.  How we can help you grow: - Read our free [playbooks](, [blog articles](, and [teardowns](—we break down the strategies and tactics that fast-growing startups use to grow. - Enroll in the [Growth Program](, our marketing course that has helped 1,000+ founders get traction and scale revenue. - Check out our [Sprints](: short video courses that are laser-focused on a topic in growth. - Want to build an audience of buyers? Join the waitlist for the [Un-Ignorable Challenge](. - Are you a funded startup looking to grow? Our agency, [Bell Curve](, can be your strategic growth partner. - Get your brand in front of our audience by [sponsoring]( this newsletter. See you next week.  — Neal, Grace, Joyce, Dennis, and the DC team. [Neal]( [Neal O'Grady]( [Grace]( [Grace Parazzoli]( [Joyce]( [Joyce Chou]( [Dennis]( [Dennis Buckley](   © 2023 Demand Curve, Inc. 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