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What are some key metrics you track to ensure you’re driving growth efficiently?
For early stage startups its hard to have many metrics- but one thing I keep count of is how many prospects we spoke to & what their sentiment was while on call.
Vague number- but the more people you talk to- the more understanding you gain, hence improving the product. Do you have any metrics that you treat as your north star?
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Crispinflyn
You can tring learn about: Customer Acquisition Cost (CAC)
Customer Lifetime Value (CLTV)
Monthly Recurring Revenue (MRR)
NPS, strands hint
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Good question!
My team and I are building FlashApply and it’s still in its early stage.
The key metrics I take note of to drive growth is the website click through rate and also the media reach
You can check us out on flashapply.ai
Good job!💪🏽
The key metrics that I keep an eye on are the engagement rate and impression rate at the awareness phase, the website visits on the consideration phases and my action phases the number of buyers/those who went to the final process in the funnel. And retarget them.
The number of followers on your social media pages is a good key metric if you just started.
Oh, tracking prospects' sentiments sounds like reading the startup tea leaves! My north star metric? I keep an eye on customer retention rates; after all, keeping them around is half the battle won in the growth game! How about you? What's your startup's magic growth potion?