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CASE STUDY. MINERVA · B2B SAAS. PLG · GROWTH

Ship. Ship.Ship.

An early-stage B2B SaaS with a broad product and a PLG motion. This is how iExcel built the startup growth operating system — structured acquisition experiments across six channels, run in lockstep.

Engagement
Hybrid growth + partner-outbound
Scope
SEO · Paid · Community · Analytics · CRO
Motion
Product-Led Growth
Signature workstream
Recipe / How-To SEO engine
Startup team building on laptops — PLG launch context
// STARTUP · PLG · SHIP CADENCE
// The Squint Test · 4 receipts
60%
Registrations sourced from organic
Organic search sources the majority of new user registrations.
33%
Outbound connection acceptance
Above the 20–30% band published for cold outreach — on VP-level targets.
−38%
Cost per lead vs. baseline
Optimized paid search cut acquisition costs 38% against the program's prior snapshot.
Chapter 01 · The Setup

Broad product. Many possible audiences.

Early-stage B2B SaaS with a product-led-growth motion. Minerva sits in the customer success and knowledge-workflow category — a horizontal-adjacent tool with a legitimate case for adoption across sales enablement, customer success, support, onboarding, and internal ops. Every one of those audiences is defensible. None of them are the answer on day one.

The problem with a broad product is not the product. It is attribution. Without structured experiments, every channel looks equally interesting, every persona looks equally viable, and the roadmap gets set by whichever teammate spoke last. Growth stalls on ambiguity, not effort.

When iExcel picked up the engagement, we set the rule that shaped the next twelve months: every acquisition motion becomes a named experiment, with a scope, a channel, a hypothesis, and a report. Ship the test. Read the data. Kill or double. Move.

Whiteboard growth planning session
Chapter 01 · Broad product, structured experiments
Chapter 02 · The SEO Engine

Recipe pages. How-to at scale.

The biggest workstream, and the one that changed the shape of the company's traffic curve, was programmatic SEO built around Recipe Landing Pages and How-To content. The insight was simple: prospects were already searching for platform-specific playbooks — how to run a customer-success workflow inside Shopify, ClickUp, Slack, WordPress, Wix, Squarespace, Twitter, LinkedIn, and Google Analytics. Every one of those queries was a real user with a real job to do. Every one of them was a landing-page opportunity Minerva was not yet claiming.

We mapped the demand. 7,000+ long-tail keyword rows out of SEMrush. 1,900+ Google keyword rows against the customer-success and workflow clusters. 151 customer-success-specific keywords filtered for buyer intent. 216 paid-search recipe targets reserved for the highest-value queries. And a technical audit that surfaced 2,948 structured-data issues the site needed to fix before Google could reward the content we were about to publish.

Then we shipped. Recipe page after recipe page — same template, same schema, tuned for the specific platform-plus-task query. The engine compounded quarter-over-quarter, and the search read at the end of the run was the clearest signal in the entire growth stack.

75%
Organic Search · Share of Web Traffic
Since the recipe-page engine went live, organic search has driven the majority of Minerva's web traffic — reported directly by the CEO.
SEO analytics on laptop dashboard
Chapter 02 · Recipe engine, keyword-mapped
Chapter 03 · The Experiment Grid

Six acquisition channels. One operating system.

Every early-stage growth motion is a portfolio problem. The Experiment Grid is how iExcel structures that portfolio — one tile per channel, each with a defined scope, a running hypothesis, and a report against the roadmap. Ship the test. Read the data. Kill or double.

// 01 · ORGANIC

SEO recipe engine.

Programmatic recipe pages against platform-plus-task queries — Shopify, ClickUp, Slack, WordPress, Wix, Squarespace, Twitter, LinkedIn, Google Analytics. The workhorse channel.

Long-tail 7k+Structured dataHow-to
// 02 · PAID SEARCH

Google Ads.

Low-cost signup volume against platform-specific "how-to" keywords. Non-branded intent captured while the SEO engine was still ramping — kept the top of the funnel warm.

216 recipe targetsSignup CPALow-friction
// 03 · PAID SOCIAL

LinkedIn Ads.

Persona-segmented against customer-success, sales enablement, and knowledge-workflow buyers. Tighter targeting, higher-intent traffic — a different signal than search.

Persona-firstB2B intentRetargeting
// 04 · LAUNCH

Product Hunt.

Launch-day distribution as a repeatable playbook — hunter outreach, day-of comms sequence, community warm-up, follow-through the week after. Not a one-shot vanity moment.

Launch playbookCommunityPR halo
// 05 · COMMUNITY

Webinars + events.

Customer-success event playbook — RSVP funnel, attendance drivers, follow-through automations. Later expanded into a webinar sequence with a structured lead-capture flow underneath it.

89 webinar leadsEvent opsFollow-up
// 06 · OUTBOUND

Groups + directories.

Meetup / Facebook / Reddit / LinkedIn group research plus a directory-and-profile sweep. Structured outbound where the audience was already gathered.

804 profile targetsLinkedIn autoTwitter auto
\1

The reset held: optimized campaigns cut cost-per-lead 38% against the program’s prior snapshot, and the efficiency held as spend scaled into a multi-channel program.

\2
−38%
Cost per lead · vs. prior snapshot
Query, offer, and audience tuning — not budget cuts — against the program’s own baseline.
60%
User Registrations · Organic-Sourced
The recipe engine, indexed against high-intent queries, has driven the majority of new user registrations — reported by the CEO on top of the traffic figure.
Growth analytics dashboard with charts
Chapter 04 · Signup CPA held to benchmark
Startup office workspace with laptops and dashboards
// THE READ
"A broad product needs structured experiments — or every teammate's favorite audience becomes the roadmap."
— Engagement Recap · Minerva × iExcel
\1

Cold outreach to VP-level Customer Success targets accepted at 33% — above the 20–30% band published for cold outreach.

\2
33%
Connection acceptance · VP-level targets
Above the 20–30% acceptance band published for cold outreach.
// WEBINAR
Webinar sequence. Follow-on program iterating on the event learnings — tighter registration flow, structured pre-webinar warm-up, post-webinar nurture. 89 webinar leads captured into the pipeline with lifecycle stage attached at registration.
// LAUNCH
Product Hunt playbook. Launch-day distribution codified as a repeatable playbook — hunter outreach, hour-by-hour comms sequence, community warm-up, day-after follow-through. Treated as a distribution channel, not a vanity milestone.
// GROUPS
Community research sweep. Meetup, Facebook, Reddit, and LinkedIn groups researched, categorized, and prioritized against the customer-success and knowledge-workflow personas. The map underneath every outbound motion that followed.
// DIRECTORY
804 profile opportunities. Structured directory-and-profile sweep — SaaS review sites, category directories, community profiles, integration-partner marketplaces. The compounding layer under the organic engine.
// AUTO
LinkedIn + Twitter automation playbooks. Codified outreach cadences, connection sequences, and follow-up rules the growth team could operate without redoing the setup every month. Automation with attribution — not spray-and-pray.
// The engine, in one number
75%
Organic Search · Share of Web Traffic
Since the recipe-page engine went live, organic search has driven three-quarters of all web traffic — and 60% of user registrations came with it.
Chapter 06 · The Stack

The measurement layer under everything.

None of the six channels hold up without a shared measurement layer. Analytics, reporting, keyword intelligence, and CRO ran underneath the experiment grid so every test reported the same shape and the leadership dashboard read a single story.

// ANALYTICS

Google Analytics 4

Standing GA4 property wired to source, medium, and campaign attribution on every acquisition channel. Nothing lands in reporting without a clean tag map.

// TAG LAYER

Google Tag Manager

Every conversion event fires through GTM. Signup events, trial starts, webinar registrations, and CTA clicks all mapped to a common taxonomy.

// KEYWORDS

SEMrush

7,000+ long-tail keyword rows sourced against the recipe-page thesis. Weekly visibility monitoring on the customer-success and workflow clusters.

// SEARCH

Google Search Console

Indexation, click-through, and impression monitoring across the recipe engine. The structured-data cleanup was reported and re-verified through Search Console.

// PAID

Google Ads · LinkedIn Ads

The paid layer — signup CPA on Google, persona-targeted intent on LinkedIn, shared attribution model into GA4 so both sides of the funnel read consistently.

// CRO

Landing-page test roadmap

Ongoing conversion-rate optimization against the recipe-page template — headline tests, CTA placement, signup form friction, PLG onboarding path.

// REPORTING

Growth dashboard

One weekly leadership view — the six experiment tiles, the signup funnel, the recipe-page cohort. Read in five minutes, actionable in ten.

// AUTOMATION

LinkedIn + Twitter cadences

Outreach automation with attribution intact — connection sequences, follow-up rules, and community-facing content, all reported into the same channel view.

// EVENT OPS

RSVP + webinar workflow

Registration, reminder, attendance, and follow-through automations for the customer-success event and webinar sequence. Lifecycle tagged at first touch.

Team collaboration at startup office
// THE COMPOUND
"Every channel reports the same shape. Every experiment reads the same way. That's what a startup growth operating system is."
— Engagement Recap · Minerva × iExcel
Chapter 07 · The Read

A growth OS for the early-stage horizontal.

If you are running an early-stage B2B SaaS with a PLG motion and a product that legitimately serves several audiences — and you are trying to figure out which channel, which persona, and which experiment to double down on before the runway ends — the Minerva engagement is the shape of what to do about it.

Name every acquisition motion. Give each one a scope, a hypothesis, and a report. Run six channels in lockstep against one attribution model. Let the compounding channel — programmatic SEO on recipe pages — carry the traffic curve while the fast channels ignite the top of the funnel. Kill or double at the end of every sprint.

Most agencies sell one channel. iExcel builds the growth OS underneath all of them — and stays through the sprints that turn a broad product into a compounding acquisition curve.

Developer hands on laptop keyboard
Chapter 07 · Growth OS, in motion

Ship. Ship. Ship.

Six channels running in lockstep. One attribution model. A recipe engine that compounds while paid buys the top of the funnel. Book a 15-minute sanity check on your growth stack — we'll tell you what's under-built and what to test first.

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