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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

In product business it is often measured over multiple purchases and assumptions are made about the repeat rates and in the enterprise or services world LTV can be based on churn rates, which are notoriously hard to predict in an early-stage business. Poorly calculated LTVs can become BVs (bankruptcy values).

Metrics 150
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Acquire New Users by Adding Growth Hacking to your Marketing Strategy

ConversionXL

It’s why Canva can call itself a multibillion-dollar platform and how ConvertKit pulled itself up to compete with goliaths like MailChimp and Campaign Monitor. Channel-level expertise: An understanding of how the channels work (e.g., Focus on the channels that offer the best ROI. What are their desires?

Retention 113
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7 Ways to Boost Ecommerce Retention in 2022

ConversionXL

A good retention rate means people continue to choose you over a competitor, deepening customer relationships and reducing churn rate. That makes understanding needs and expectations table stakes for any brand looking to compete. Omnichannel marketing is providing a joined-up, frictionless experience across channels.

Retention 111
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Crazy! 189 Answers To The Top Startup Questions On Your Mind

maplebutter.com

Non of this academic stuff. Entrepreneurs always struggle with competing priorities and manage expenses very closely. I just launched a small online retail business last week, and feel a bit lost about marketing ideas and how to get the most out of social media channels. How can I lower my apps churn rate?