Acquisition project | GrowthX
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Acquisition project | GrowthX

Elevator Pitch

Hi there, we'll take this one step at a time!

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If you struggle with a blank canvas, use this boilerplate to start. Remember, this is a flexible resource—tweak it as needed. Some sections might not apply to your product and you might come up with great ideas not listed here, don't let be restricted.

This is not the only format, we would love to see you scope out a great format for your product!

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Go wild and dive deep—we love well-researched documents that cover all bases with depth and understanding.


Refer to the project brief and the additional resources before you begin this project!
(Go through them at least 3 times or till the time you don’t have a mind map in your brain)

Let’s begin

It's time to kickstart the project by taking a crack at building your Elevator pitch.

(Think of this as an introduction to your product- make it remarkable!)

gg​

this is great and i think deadline should be c

product market fit is nice and i think this will revolutionaise the world and i hope this is great as compare to what we had earlier l









Understand the user

(Go and speak to different users of the product and the people in the chain: households buying the product, shopkeepers selling the product, churned users, and users using competitor's products. In the case of B2B products identify the decision makers, the influencer, the blocker, and the end-user)

hello this is great and I love it


Understanding your ICP

(There are separate tables for both B2C and B2B products, put down your your ICP’s in a Table Format, use this as a reference.
This table makes it super clear for anyone to understand who your users are and what differentiates them)


B2C Table

Criteria

User 1

User 2

Name



Age


​

Demographics



(refer the table below)


​

Need



Pain Point

​


Solution



Behaviour



(refer the table below)



Perceived Value of Brand



Marketing Pitch



Goals

​


Frequency of use case



Average Spend on the product

​

​

Value Accessibility to product


​

Value Experience of the product


​

Note: This is not an exhaustive list, you know your product better, add/remove as per the context!


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B2B Table:

Criteria

ICP1

ICP2

Name

​


Company Size

​


Location

​


Funding Raised

​


Industry Domain



Stage of the company



Organization Structure



Decision Maker



Decision Blocker



Frequency of use case



Products used



in workplace



Organisational



Goals



Preferred Outreach Channels



Conversion Time



GMV



Growth of company



Motivation



Organization Influence


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Tools Utilized in workspace



Decision Time


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Note: This is not an exhaustive list, you know your product better, add/remove as per the context!​



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We have multiple users of a product, and not all of them can be our ICP for whom we make our strategies; we need to prioritise.
(use this ICP prioritization table)

Criteria

ICP 1

ICP 2

Adoption Curve

High

High

Appetite to Pay

Low

High

Frequency of Use Case

Medium

Low

Distribution Potential

High

High

TAM

​










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Understand the product

(Before you begin, you need to know what your product is, what are its features, what is the problem being solved by your product?)​

​Understanding Core Value Proposition

(Build your core value proposition by exact what your product does and what problem are you solving)


Is that it? What should I actually put here?




Understand the market

(Let's begin by doing a basic competitor analysis in a tabular format considering all the parameters for your product and its competitors)


(Then let's try to understand the market at a macro level and evaluate the trends and tailwinds/headwinds.)

Now it’s time for some math, calculate the size of your market.

TAM = Total no. of potential customers x Average Revenue Per Customer (ARPU)
SAM = TAM x Target Market Segment (percentage of the total market)
SOM = SAM x Market Penetration/Share


Unclear on what needs to be there

If your product is in early scaling stage

Designing Acquisition Channel

(keep in mind the stage of your company before choosing your channels for acquisition.)

​

Channel Name

Cost

Flexibility

Effort

Speed

Scale

Organic

​





Paid Ads






Referral Program






Product Integration






Content Loops








Detailing Organic Research

Organic Channel

(Understand the existing organic channel strategy for your product and highlight the success and failure thereon.
Provide your suggestions and devise new strategies.)

Step 1 → Conduct keyword research on Google, Amazon, Youtube, Quora etc.
Step 2 → Collate all your insights from all your searches.


Detailing Content loops

Content Loop

(Keep it simple and get the basics right)

​

Step 1 → Nail down your content creator, content distributor and your channel of distribution
Step 2 → Decide which type of loop you want to build out.
Step 3 → Create a simple flow diagram to represent the content loop.



Detailing Paid Advertising

(Understand what is already being done, what is working out well and what needs to be stopped)

Step 1 → Define the CAC: LTV ratio. If your product has a healthy CAC:LTV ratio, proceed with paid ads.

Step 2 → Choose an ICP

Step 3 → Select advertising channels

Step 4 → Write a Marketing Pitch

Step 5 → Customize your message for different customer segments to ensure relevance

Step 6 → Design at least two ad creatives (e.g., images, sketches, videos, text ads) that reflect your marketing pitch.




Detailing Product integrations

(Understand, where does organic intent for your product begins?)

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Step 1 → Identify complementary products used by your ICP
Step 2 → Use the selection framework and compare the potential integrations it in a tabular form.


Channel Name



Integration Partner 1

​


Integration Partner 2

​


Integration Partner 3


​


Step 3 → Collaborate with necessary stakeholders
Step 4 → Map the customer journey
Step 3 → Design the wireframe with the new integration
Step 3 → Run pilot tests before launching
Step 3 → Measure post-integration metrics

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Detailing Referral / Partner program

(For B2B companies, if referral does not make sense you'll take a crack at a partner program for your product)

​

Step 1 → Flesh out the referral/partner program
Step 2 → Draw raw frames on a piece of paper to get the gist.​

(Don't spend a lot of time on design. This is for you to communicate how the referral hook will look)​

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​we hope this helped you break the cold start problem!

Reminder: This is not the only format to follow, feel free to edit it as you wish!




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