Increase Your Profits by 10X: 5 Key Metrics You Must Track
Posted: Thu Jan 23, 2025 3:55 am
After working with over 300 online projects , I can guarantee: monitor these metrics weekly and your company will not only survive, but also increase its profits by 10 times!
In the context of sanctions and crisis, knowing the ROI of your advertising decides whether your business will be successful. Tracking these 5 critical indicators is the key to your prosperity.
What you get for free:
5 Key Metrics to self employed database Increase Profits by 220%
The Secret ROI Formula: Instant Advertising Efficiency Calculator
Anti-crisis Solutions Matrix: Find the Perfect Strategy for Your Business in 15 Minutes
We have prepared all the documents and templates with formulas for you. And yes, it is FREE:
Download documents for free
Already downloaded
153357
Once such hypotheses have been collected, it is time to analyze them all for adequacy and technical feasibility, and then the projects are sent for quantitative analysis. This is the same survey, only respondents are asked more specific questions regarding the hypothetical product being developed, and this is where a large number of respondents are required. Customer Development is a method of researching potential market needs, during which concepts for new products and services are born.
It is worth recognizing that developing anything original (especially from scratch) for a marketing specialist literally turns into walking through a minefield, when just one wrong conclusion regarding the criteria for the prospects of a product can cost the manufacturer several lost millions, and the researcher himself - a career. CustDev allows you to radically reduce the risks of erroneous decisions on products to be released, and therefore increase the effectiveness of marketing in general.
Often situations arise when, for example, first the code of some "potentially cool" software product is created, then (!) the segment for it is analyzed, and then (of course, when else) everything is remade for this market. The CustDev algorithm allows such situations to be completely eliminated!
Here is an example of effective application of customer development methods : a team of developers producing educational applications planned to create a product for beginner guitarists. At the same time, the approach to building the ideology of the program could be summed up in the thesis: "If you learn to play this instrument, then only to impress girls!"
But this stereotype is wrong, as the facts show that the true motives for this kind of action are the need for self-expression and the desire to temporarily change activities (a kind of relaxation).
A typical problem of any developers who are not marketers at the same time is the narrow-mindedness of their own views and complexes. But this is not an excuse for the mistakes made on this basis. After all, there are effective algorithms for preliminary study of the issue (market research), so why not use them in time?
Moreover, the CustDev method has another very valuable positive external effect - it unites all the people involved in this qualitative analysis. Communication with consumers, identifying the true directions of development of their needs is an excellent achievable goal. And as a result, the effectiveness of marketing research increases many times over.
In the context of sanctions and crisis, knowing the ROI of your advertising decides whether your business will be successful. Tracking these 5 critical indicators is the key to your prosperity.
What you get for free:
5 Key Metrics to self employed database Increase Profits by 220%
The Secret ROI Formula: Instant Advertising Efficiency Calculator
Anti-crisis Solutions Matrix: Find the Perfect Strategy for Your Business in 15 Minutes
We have prepared all the documents and templates with formulas for you. And yes, it is FREE:
Download documents for free
Already downloaded
153357
Once such hypotheses have been collected, it is time to analyze them all for adequacy and technical feasibility, and then the projects are sent for quantitative analysis. This is the same survey, only respondents are asked more specific questions regarding the hypothetical product being developed, and this is where a large number of respondents are required. Customer Development is a method of researching potential market needs, during which concepts for new products and services are born.
It is worth recognizing that developing anything original (especially from scratch) for a marketing specialist literally turns into walking through a minefield, when just one wrong conclusion regarding the criteria for the prospects of a product can cost the manufacturer several lost millions, and the researcher himself - a career. CustDev allows you to radically reduce the risks of erroneous decisions on products to be released, and therefore increase the effectiveness of marketing in general.
Often situations arise when, for example, first the code of some "potentially cool" software product is created, then (!) the segment for it is analyzed, and then (of course, when else) everything is remade for this market. The CustDev algorithm allows such situations to be completely eliminated!
Here is an example of effective application of customer development methods : a team of developers producing educational applications planned to create a product for beginner guitarists. At the same time, the approach to building the ideology of the program could be summed up in the thesis: "If you learn to play this instrument, then only to impress girls!"
But this stereotype is wrong, as the facts show that the true motives for this kind of action are the need for self-expression and the desire to temporarily change activities (a kind of relaxation).
A typical problem of any developers who are not marketers at the same time is the narrow-mindedness of their own views and complexes. But this is not an excuse for the mistakes made on this basis. After all, there are effective algorithms for preliminary study of the issue (market research), so why not use them in time?
Moreover, the CustDev method has another very valuable positive external effect - it unites all the people involved in this qualitative analysis. Communication with consumers, identifying the true directions of development of their needs is an excellent achievable goal. And as a result, the effectiveness of marketing research increases many times over.