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Our open rate was great, at 37%, with a 7% clickthroughrate. The open rate and clickthroughrate dropped by more than half. have built products they think people want before they test that assumption. To do so, we emailed a small subset of our users. Email blindness was setting in.
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.
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. Successful PPC needs skilled management and optimization – from monitoring bids, Quality Scores , positions and click-throughrates.
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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