Remove .Net Remove Distribution Remove Revenue Remove Viral
article thumbnail

10 Business Model Components Required In Every Plan

Startup Professionals Musings

The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model. The value proposition must clearly define the target customer, the customer’s problem and pain, your unique solution, and the net benefit of this solution from the customer's perspective. Distribution.

article thumbnail

Acquire New Users by Adding Growth Hacking to your Marketing Strategy

ConversionXL

Where Airbnb recognized the value in another platform, Dropbox doubled down on the strength of its product as a distribution channel. Neither would have achieved virality had customers not received something tangible for their efforts. Don’t cast your net too far and wide. The result? What motivates them to solve their problems?

Retention 113
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Raise Money – It’s a Journey Not An Event

Steve Blank

There are two reasons to raise money: You have a killer idea that is only partially validated, that you think can get to $50M+ of revenue in 5 years with 80%+ gross margins (if margins are lower, you need a lot more revenue)and you need money to get to product-market fit, or. Revenue per customer? Revenue, Gross Margin?

Cofounder 429
article thumbnail

How to Grow a YouTube Channel: Benchmarks & Strategy

ConversionXL

Members of the SaaS 250 publish about 15 videos per year, which net them a total of 133 new subscribers. 100 publish about 8 videos per year, which net them a total of 49 new subscribers. billion in annual revenue that trades on the NASDAQ—had published only four videos in nearly 12 years. 100 YouTube benchmarks. Inc 500 0.27.

Channel 106
article thumbnail

Measuring Market Penetration with Brand Tracking (+ Metrics & Examples)

ConversionXL

NPS (Net Promoter Score) and CSAT (Customer Satisfaction Score) are both methods of quantifying customer sentiment and satisfaction. For example, you could deploy CSAT surveys at various parts of the buyer’s journey (distributed across leads so as not to bombard a single customer with multiple questions). NPS & CSAT.

Metrics 157
article thumbnail

CXL Live 2018 Recap: Top 5 Lessons from Each Speaker

ConversionXL

mobile is ~50% of revenue, shorter form works better. Flip your funnel – only 5% of revenue comes from optimisation but 92% of revenue from retention. Understand growth accounting – new, resurrected vs churned = net growth (can also look at this at feature level, not only product). branded header and tagline.

Retention 106
article thumbnail

Test Your Business Model Against These 10 Elements

Startup Professionals Musings

The value proposition must clearly define the target customer, the customer’s problem and pain, your unique solution, and the net benefit of this solution from the customer's perspective. Word-of-mouth and viral marketing are popular terms these days, but are rarely adequate to initiate a new business. Distribution. Production.