www.forentrepreneurs.com

FEBRUARY 2, 2010

Business Model I would like to propose that in addition to team, product, and market, there is actually a fourth, equally important, core element of startups, which is the need for a viable business model. However there is a lot of value in looking at these same metrics for all other businesses.

Acquisition 103

Acquisition Cost Customer Entrepreneur 103

Duct Tape Marketing

JANUARY 4, 2024

Uncover diversified monetization strategies, including advertising, consulting, and info products, ensuring a sustainable and profitable newsletter business. Learn crucial metrics for success, from open rates to the quality of subscribers. 15:09] What are some of the metrics that showcase success in Newsletter writing? [17:17]

Revenue 76

Revenue Advertising Email ChatGPT 76

www.forentrepreneurs.com

FEBRUARY 2, 2010

Blog About Log in Register Designing startup metrics to drive successful behavior Great companies are almost always run by great management teams. Good metrics should also be actionable, and drive successful behavior. This post is applicable to any kind of business. The contrast between the two approaches is stark.

Metrics 55

Metrics Design Entrepreneur Startup 55

Up and Running

JULY 10, 2017

Different sources define freemium as a business model or a pricing strategy. Although some companies optimize their pricing well enough to receive more than 4 percent conversion rate from freemium into premium, the majority of SaaS products are lucky to achieve a rate as low as 1 percent. Freemium isn’t free.

Startup 110

Startup Non-Compete Viral Software Review 110

Duct Tape Marketing

MAY 18, 2023

09:42] Was there a point in time when you decided to use newsletters to fit your business model or you started it as a normal standard digital marketing tactic? [11:10] 14:58] What are some of the metrics that show you’re doing things right? [17:02] John Jantsch (16:48): A viral referral tool. 16:13): Yeah, yeah.

ChatGPT 90

ChatGPT Advertising Email Viral 90

Occam's Razor

APRIL 8, 2013

To win in business you need to follow this process: Metrics > Hypothesis > Experiment > Act. We are far too enamored with data collection and reporting the standard metrics we love because others love them because someone else said they were nice so many years ago. That metric is tied to a KPI.

Metrics 156

Metrics Analytics Lean Churn Rate 156

Occam's Razor

MAY 2, 2017

People ask me this seemingly simple question all the time: What Key Performance Indicators should we use for our business ? There is no golden metric for everyone, we are all unique snowflakes! :). I am going to pick a whole bunch of different businesses (15 in all!), If you want to play along. Don’t read what I’ve chosen.

Metrics 141

Metrics Acquisition eCommerce Analytics 141

SoCal CTO

NOVEMBER 10, 2009

Visible networking is turning into a really great opportunity to get to know people better, get to meet new people, and have some interesting conversations. It was also beneficial because I got some good experience with both B2B and B2C business models. You mention social / viral aspects at both Google Photos and United Online.

Management 150

Management Product Entrepreneur Silicon Valley 150

Startup Lessons Learned

OCTOBER 23, 2013

It provides a basic introduction to analytics as they apply to Lean Startup, including sections on what metrics to use and how to interpret them. For instance, Ben lists out the worst of the “vanity metrics,” a term that describes appealing but meaningless or misleading numbers. Alistair: There are plenty. Consider a restaurant.

Analytics 167

Analytics Lean Widget Metrics 167

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 3, 2011

He said: “ A startup can focus on only one metric. I’ll explain it here using WP Engine as the foil rather than revealing secrets about AppSumo because, although AppSumo internal metrics are both impressive and instructive, it isn’t my place to reveal them. Increasing conversion rates from 0.9% Or even 1%.

Metrics 273

Metrics Startup Revenue Engineer 273

This is going to be BIG.

FEBRUARY 17, 2020

They think that if they just had enough money to market something, it would take off, yet whenever they pitch the app in front of a crowd of 100 people, the conversion and virality rate isn’t proven out at all. 8) Have you made significant changes to the product or business model that improved key metrics over time?

Startup 117

Startup Viral Venture Capital .Net 117

VC Cafe

NOVEMBER 2, 2019

One question that keeps coming up when speaking with early stage entrepreneurs when it comes to funding, is what metrics the company needs to hit to raise seed/series A/B etc: What’s a good conversion rate? Benchmarks are typically specific to stage/business model/geo. What should our MRR growth be?

B2C 141

B2C Technical Review Startup Retention 141

Ben's Blog

MAY 15, 2020

In normal times, every company operates against some hypothetical growth model—a data-driven framework that describes how your product grows and how you acquire new users. We begin by describing a typical a growth model and discuss how that fundamentally drives a company’s business strategy. What are those metrics?

Founder 36

Founder Conversion Technical Review Cash Position 36

ReadWriteStart

FEBRUARY 20, 2013

Here are six questions to ask yourself if you are entertaining a freemium model for business customers: 1. For a freemium model to work, you need to make sure your audience is extremely large, since typical conversion rates range from 3% to 10%. The SBA defines a small business as one with fewer than 500 employees).

B2B 60

B2B Product Small Business Administration SBA 60

Startup Lessons Learned

APRIL 14, 2009

What matters is proving the viability of the company’s business model, what investors call “traction.&# Of course this is not at all true of many profitable small businesses, but they are not what I mean by startups.) Every board meeting, the metrics of success change. And yet, their investors are frustrated.

Customer 167

Customer San Francisco Lean Hockey Stick 167

leananalyticsbook.com

AUGUST 19, 2012

The One Metric That Matters. One of the things Ben and I have been discussing a lot is the concept of the One Metric That Matters (OMTM) and how to focus on it. That doesn’t mean there’s only one metric you care about from the day you wake up with an idea to the day you sell your company. Lean Analytics Book.

Metrics 58

Metrics Clickthrough Lean Analytics 58

ReadWriteStart

JUNE 29, 2020

There has never been a viral outbreak of such magnitude before. Governor Cuomo, governor of New York State, USA, highlighted the quintessential issue with the coronavirus pandemic in his conversation with Howard Stern on 13 April 2020. Year-on-year growth metrics in unique site traffic is 7.8

Bootstrapping 85

Bootstrapping Global Startup Hungary 85

Duct Tape Marketing

NOVEMBER 15, 2023

Ryan has made it his mission to lead businesses towards unprecedented growth through this unique approach, and during our conversation, he generously shared the secrets behind his successful strategies. 17:30] How deep into financials and metrics do you get before taking a client on? [19:01] I've done some like.

Channel 63

Channel Acquisition Framework B2B 63

ConversionXL

MAY 19, 2016

One of my favorite examples of this is the design of viral loops. Andrew Chen has said that some of the best growth people don’t think in terms of funnels, they think in terms of viral loops. As Chris said, be sure to include your Multi-Channel Funnel reports in Google Analytics in your conversion research process. (If

Analytics 78

Analytics Metrics Channel Software Review 78

crowdSPRING Blog

MAY 8, 2015

The Angel VC: Key Revenue Metrics for SaaS companies – buff.ly/1INSu29. Online Courses Accelerate Any Business Model bit.ly/1InOB3Z. Using PPC Marketing to Make Content Go Viral: Here’s How It Works crowdspring.co/1InOIwn. Deadly Conversion Busters: How a Lack of Goodwill Could Be Hurting Your Authority bit.ly/1InLxVh.

Small Business 48

Small Business Design Social Media Startup 48

ConversionXL

SEPTEMBER 10, 2019

We ran A/B tests around the clock on our free-trial funnel for nine months and got these wins: Quadrupled monthly lead volume in one year; Tripled the conversion rate from visitor-to-trial signups on our homepage. This thing crushed sign-up conversions. We never got the conversions back. I Will Teach You to Be Rich. Maybe not.

Conversion 133

Conversion Technical Review Channel Engineer 133

Up and Running

MAY 23, 2016

The one-page pitch format is also more suitable for SaaS businesses that are constantly testing new ideas. Your pitch is going to cover your strategy (what you’re going to do), your tactics (how you’re going to do it), your business model (how you will make money), and your schedule (who is doing what and when).

Software Review 74

Software Review Software Delaware Forecast 74

David Teten

DECEMBER 3, 2019

Technographics vendors such as Builtwith , Datanyze , HG Data , Stackshare, and Stacklist help CEOs identify the right tech platform on which to build their business; they’re also helpful for investors to due diligence a company’s tech stack choices. Similarly, Corsis uses benchmarking data to understand technology spend patterns.

Technical Review 78

Technical Review Software Review Analytics Private Equity 78

grasshopperherder.com

FEBRUARY 19, 2011

We’re testing a viral loop, direct sales, and affiliate marketing.&# If I can steal your idea by just hearing it, there is no defensible business model there. But starting a conversation with, "Just sign here" is simply unrealistic. As an investor, I will expect the same metrics an investor would get.

Cofounder 47

Cofounder NDA Founder Sweat Equity 47

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 24, 2011

So be sure to make a free user account and participate in the offline conversation there. As we wait for our first callers to come on board, I wanted to start with a question from a conversation that Bob and I with Merck Coulbrougiff [sounds like] from Beta List [SP]. You have to log in to chat, I’ll think you’ll see there.

Cofounder 208

Cofounder Technical Review Software Review Differentiation 208

Reid Hoffman

JANUARY 19, 2021

When I was starting LinkedIn, I had an early board member who asserted to me with great vigor and certainty that the business model of LinkedIn would be advertising. We should focus on this as an advertising business.” As the company matures, it may even involve having a hard conversation about the need for a CEO change.

Startup 36

Startup Cofounder Advertising Hiring 36

SoCal CTO

NOVEMBER 6, 2009

I talked about this in Startup Metrics : Often, what we are trying to do initially is show exactly how these numbers play out. You only build what you need to prove that model. In many cases, this is defined by the business model and the investors. I want to add one really, really important thing to this list.

Startup 150

Startup Viral Metrics Distribution 150

andrewchenblog.com

JANUARY 28, 2010

Check out my list of featured essays How to create a profitable Freemium startup (spreadsheet model included!) Comments Click to download Freemium spreadsheet Background on this discussion Last year, the stupendous Daniel James co-hosted a talk with me on Lifetime Value metrics for subscription and virtual goods-based items.

CPA 51

CPA Retention Viral Acquisition 51

Entrepreneurs-Journey.com by Yaro Starak

JUNE 19, 2010

Because I have no employees, there’s a profit margin of about 70%, so it’s a really fantastic business model and gives me the freedom to travel and come back from my travel with more money than I left with. It made this site very sticky and it grew organically through viral word-of-mouth as a result of doing that.

Technical Review 76

Technical Review Software Review Prospectus Audience 76

betashop.com

OCTOBER 8, 2012

It has been awesome, flattering, and humbling to see that post went viral and has been seen by so many thousands of people — mainly aspiring entrepreneurs — and has been translated into many languages. But, you can iterate and iterate on features, but you cannot iterate your way to a business model. Connect With Me.

Technical Review 108

Technical Review Technology Software Review Valuation 108

YoungUpstarts

JANUARY 11, 2018

We created virality in small pockets, such as Venice Beach, California, and the virality spilled over to the next pocket, Santa Monica. Typically, marketing dollars are spent in two ways: on awareness building (letting people know your product exists) and conversion (getting them to buy it).

Los Angeles 133

Los Angeles Investment Bankers Cofounder Viral 133