Lenny's Podcast: Product | Growth | Career

How to grow a subscription business | Yuriy Timen (Grammarly, Canva, Airtable)

43 snips
Sep 1, 2022
Yuriy Timen, a growth advisor and former Global Head of Marketing at Grammarly, shares his expertise on scaling subscription businesses. He discusses the importance of effective onboarding for user retention and dives into innovative SEO strategies that leverage first-principles thinking. Yuriy emphasizes the evolving landscape of paid acquisition and the significance of incrementality testing in maximizing ad spend efficacy. He also explores the potential of untapped platforms like TikTok and highlights the value of offline marketing in building resilient brands.
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INSIGHT

Paid Acquisition Contraction

  • Paid acquisition is contracting due to increased focus on efficiency and attribution.
  • This creates opportunities for companies with strong unit economics and attribution capabilities.
ADVICE

Ruthless Prioritization

  • Prioritize ruthlessly and avoid spreading resources too thin across multiple growth areas.
  • Ensure sufficient investment in your chosen tactic before diversifying.
ADVICE

Focus and Iterate

  • Focus on one growth tactic initially, but set clear guardrails for evaluation.
  • Avoid prematurely abandoning tactics without sufficient testing and iteration.
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