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Want to test a new product? You can get rapid feedback on a new product launch (or minimumviableproduct) by running a short PPC ad campaign. A/Btesting Easily split-test ads, landing pages, and even call-to-action buttons to determine where the very best results lie.
In the acquisition phase, measure these performance metrics: Customer acquisition cost Conversion rate Website traffic Click-throughrate Bounce rate Quality of leads. Successful retention happens when users are satisfied with your product and leads to them recommending it to people they know. Activation.
It’s certainly the way that Dan positions it above, but it can easily be applied to bigger companies looking to test new product ideas, feature ideas, service ideas, etc. Dan’s process proposes something very interesting: that there’s something wrong with the current minimumviableproduct (MVP) concept.
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