Jul 30, 2022
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As we will see later, any strategy will have to be supported by the appropriate Growth Hacking tools. The mentality that reigns in this escalation process revolves around one goal: how do I see my company in the next 5 years? The growth strategy will determine how to answer this question, and will establish the steps that must be taken to make the long-term goals of the company possible. Once a validated business model has been found, many entrepreneurs get stuck in experimentation and are unable to focus on the value of the company and exploit it . In a growth strategy, a balance must be found between execution and vision to successfully complete the evolution of the company. Maybe you might be interested: Free Online Growth Hacking Course Types of growth strategy In a growth strategy you can whatsapp list choose different paths or ways to achieve the objectives set. Various ways of carrying out such growth have been commonly established, however, the constant objective of these strategies is to reinvent themselves and seek new and better ways to grow. Discover here the Growth Hacking strategies you need to know. MARKET PENETRATION A small business uses a go-to-market strategy when it decides to market products that already exist within the market. The way to grow the use of the company's products, and not those of the competition, is to increase market share by reducing prices . In markets where there is little differentiation between products, a lower price can help a company increase its market share. MARKET EXPANSION A growth strategy based on market expansion involves selling existing products into a new market . There are several reasons why a company might consider a market expansion strategy.