This is the talk we give to out founders about how to look for product / market fit, and how to establish KPIs and leading metrics for their startups. We end talking about the kinds of analytics formats that are best to get started with.
5. Before After
Goal Get to After
Scalable, Repeatable, Predictable
Growth
Experiments
Pivots
(Product, Customer, Messaging)
Optimization and Expansion
Process Hustling, Not Scalable Work
Growth / Channel Analysis and
Automation
Data Qualitative, Quantitative Quantitative, Qualitative
Metric Engagement and Retention Growth Rate
Focus Fast Learning Fast Learning
https://drive.google.com/file/d/0B8AOwcvjck76ekZsZS1LaG5jeDQ/view?usp=sharing
6. Before After
Goal Get to After
Scalable, Repeatable, Predictable
Growth
Experiments
Pivots
(Product, Customer, Messaging)
Optimization and Expansion
Process Hustling, Not Scalable Work
Growth / Channel Analysis and
Automation
Data Qualitative, Quantitative Quantitative, Qualitative
Metric Engagement and Retention Growth Rate
Focus Fast Learning Fast Learning
https://drive.google.com/file/d/0B8AOwcvjck76ekZsZS1LaG5jeDQ/view?usp=sharing
7.
The customers started ripping it out of our hands Almost
every metric in the business goes nuts.
-Peter Reinhard (Segment.io)
https://www.youtube.com/watch?v=_6pl5GG8RQ4
8.
If you have to ask if you have found it, you haven't.
-Eric Reis
https://blog.chartmogul.com/reaching-product-market-fit/
12. KPIs
What is
or isnt working?
Is something great / terrible
going on?
They will ALWAYS
ask for numbers and traction
5. What patterns exist?
http://www.slideshare.net/andyjy/analytics-for-startups-500-startups-accelerator-marketing-hell-week-61589197
13. The Goal: Top Level KPIs The Only Metric that
Matters (OMTM) The North Star
http://www.slideshare.net/andyjy/analytics-for-startups-500-startups-accelerator-marketing-hell-week-61589197
32. Measureable every day
https://docs.google.com/presentation/d/10wgLWDs-zJN9q5KYHKCRGEE9HPPh1lfX59fX-b5vsPI/edit#slide=id.g11c06a071b_1_265
Fast Learning
Drivers Top Level
33. Clear
OMTM
Lagging
Metrics
Drivers
These are the metrics this team can control and optimize with
https://docs.google.com/spreadsheets/d/1X2CHlelofACLGh3kn54042h_8jpzyWkM7OU8TR12M8A/edit#gid=0 (Another Example)
35. three or four key metrics
drivers for each metric
39. Pages / URLs
When a user gets to X page or
URL, they have converted
Events
When a user takes X action on a
page or mobile app, they have
converted
40. Event Tracking in the Background
To track this CTA as an event,
this is happening in the background
$( "body" ).on( "mousedown",
'[href="http://www.pitchnight.uy"]',
function(e) {
if( e.which <= 2 ) {
ga('send', 'event', 'PitchNight',
'click', 'button')
}
});
});
41. Event Tracking in the Background
To track this CTA as an event,
this is happening in the background
$( "body" ).on( "mousedown",
'[href="http://www.pitchnight.uy"]',
function(e) {
if( e.which <= 2 ) {
ga('send', 'event', 'PitchNight',
'click', 'button')
}
});
});
Command to Google Analytics to
send an event
The information we want to attach
to the event (defined by us)
42.
you need to define the goal
or conversion in the metrics platform
If my account in GA detects an event with ...
'PitchNight', 'click', 'button'
it is marked as a Goal or Conversion