Back to Learning Paths
Module 6 of 73-5 days

Finding Growth Channels

Discover which acquisition channels will work for your product and learn to test them systematically before committing resources.

Module Progress0%

Growth Channels & PMF

Once you have retention working (evidence of PMF), you need to find scalable channels to acquire more of the right users. The best products find "channel-product fit"—where a specific channel works exceptionally well for their product.

"If you aren't acquiring customers for free, you're doing something wrong." — Brian Balfour

Channel Fundamentals

Understanding how growth channels work

The Law of Shitty Clickthroughs

Andrew Chen's "Law of Shitty Clickthroughs" states that all marketing channels degrade over time. What worked yesterday becomes saturated tomorrow. This means:

Early Adopter Advantage

First movers in a channel get the best results before it becomes crowded.

Constant Testing

You must continuously test new channels to find the next big opportunity.

Channel Economics

Every channel has key metrics you must understand:

CAC (Customer Acquisition Cost)Total spend ÷ Customers acquired
LTV (Lifetime Value)Revenue per customer over lifetime
LTV:CAC RatioTarget 3:1 or higher
Payback PeriodTime to recoup CAC
ScalabilityCan you 10x spend profitably?

The Channel Trap

Don't scale a channel before you have retention figured out. Pouring users into a leaky bucket just burns money. First prove retention, then scale acquisition.

The 19 Traction Channels

Overview of all major growth channels

Organic Channels

Word of Mouth / Viral

Users tell other users

SEO

Organic search traffic

Content Marketing

Blog, videos, podcasts

Social Media

Organic social presence

Community Building

Forums, Slack, Discord

Email Marketing

Newsletter, sequences

Paid Channels

Search Ads (SEM)

Google, Bing ads

Social Ads

Facebook, Instagram, TikTok, LinkedIn

Display Advertising

Banner ads, programmatic

Affiliate Marketing

Revenue share partnerships

Influencer Marketing

Paid creator partnerships

Sponsorships

Podcasts, newsletters, events

Offline & Sales Channels

Direct Sales

Outbound, cold outreach

Partnerships

Strategic alliances, integrations

Events & Trade Shows

Conferences, meetups

PR & Press

Media coverage, launches

Platform/App Stores

Marketplaces, directories

Engineering as Marketing

Free tools, calculators, APIs

The Bullseye Framework

A systematic approach to finding your channel

The Bullseye Framework (from "Traction" by Gabriel Weinberg) helps you systematically identify and test the right channels for your startup.

INNER

Core: Your #1 channel

MIDDLE

Testing: 3 promising

OUTER

Possibilities: All 19 channels

The Process

1

Brainstorm (Outer Ring)

For each of the 19 channels, brainstorm at least one idea for how you could use it. Don't dismiss any channel prematurely.

2

Rank (Middle Ring)

Rank channels by: (A) How likely is it to work? (B) Cost to test? (C) How many customers can it reach? Pick your top 3 to test.

3

Test (Moving to Inner Ring)

Run cheap tests on your top 3 channels. Goal: validate or invalidate each channel with minimal spend.

4

Focus (Inner Ring)

Double down on the channel that shows the best results. Become the best at this channel before testing others.

Channel Testing Playbook

How to validate channels quickly and cheaply

The Minimum Viable Test

Before committing significant resources, run a minimum viable test for each channel:

Content Marketing Test

Write 5 SEO-targeted articles. Measure traffic and conversions after 30-60 days.

Cost: $0-500Time: 2-3 months

Paid Ads Test

Run $500-1000 test on Facebook/Google. Test 3-5 ad variations. Measure CAC.

Cost: $500-1000Time: 2 weeks

Cold Outreach Test

Send 100 personalized cold emails. Measure response and conversion rate.

Cost: $0-200Time: 2 weeks

Community Test

Post valuable content in 5 relevant communities. Measure engagement and signups.

Cost: $0Time: 2-4 weeks

Test Success Criteria

Before testing, define what "success" looks like:

  • CAC target: What's the max you can pay per customer?
  • Volume potential: Can this channel scale to 100+ customers/month?
  • Quality: Do customers from this channel retain well?
  • Sustainability: Can you maintain/improve performance over time?

Viral & Word of Mouth

Building growth into your product

The Viral Coefficient (K-Factor)

K = i × c

i = invitations per user

How many people does each user invite?

c = conversion rate

What % of invited users convert?

K > 1 means exponential growth. K = 0.5 means each user brings 0.5 new users.

Types of Virality

Inherent Virality

Product is better with others. Example: Slack, Zoom, multiplayer games.

Word of Mouth Virality

Product so good people tell others. Example: Apple, Tesla, exceptional experiences.

Incentivized Virality

Users get something for sharing. Example: Dropbox referrals, Robinhood.

Embedded Virality

Usage creates shareable output. Example: YouTube embeds, Canva designs.

Engineering Virality

Increase Invitations (i)

  • • Make sharing easy/one-click
  • • Prompt at moments of delight
  • • Create shareable output
  • • Add referral incentives

Increase Conversion (c)

  • • Personal invites vs. generic
  • • Show social proof
  • • Reduce signup friction
  • • Fast time-to-value

Channel Optimization

Maximizing performance once you find a channel

The Optimization Funnel

Once you have a working channel, optimize each stage of the funnel:

Awareness
Impressions, reach
Interest
Clicks, visits
Desire
Signups, trials
Action
Purchases

Identify your biggest drop-off and focus there. A 2x improvement at the bottleneck beats 10% improvements everywhere else.

Channel Stacking

Once your first channel is working, you can "stack" additional channels that complement it:

Content + SEOOrganic traffic foundation
+ Email captureBuild owned audience
+ Retargeting adsConvert warm visitors
+ Referral programTurn customers into channel

The 70/20/10 Rule

70% of resources on your proven channel (optimize and scale).
20% on adjacent, promising channels (expand what works).
10% on experimental channels (find the next big thing).

Practice Exercise

Apply the Bullseye Framework to your product:

  1. 1Brainstorm one idea for each of the 19 channels (outer ring)
  2. 2Rank by likelihood to work, cost to test, and potential reach
  3. 3Select your top 3 channels for testing (middle ring)
  4. 4Design a minimum viable test for each with clear success criteria
  5. 5Run tests and identify your winning channel (inner ring)