The engine of growth is the mechanism that startups use to achieve sustainable growth
fredyphцитирует2 года назад
Sustainable growth is characterized by one simple rule:
New customers come from the actions of past customers.
fredyphцитирует2 года назад
There are four primary ways past customers drive sustainable growth:
fredyphцитирует2 года назад
2. As a side effect of product usage.
fredyphцитирует2 года назад
3. Through funded advertising.
fredyphцитирует2 года назад
4. Through repeat purchase or use.
fredyphцитирует2 года назад
Engines of growth are designed to give startups a relatively small set of metrics on which to focus their energies.
fredyphцитирует2 года назад
Therefore, companies using the sticky engine of growth track their attrition rate or churn rate very carefully. The churn rate is defined as the fraction of customers in any period who fail to remain engaged with the company’s product.
fredyphцитирует2 года назад
The rules that govern the sticky engine of growth are pretty simple: if the rate of new customer acquisition exceeds the churn rate, the product will grow
fredyphцитирует2 года назад
Growth happens automatically as a side effect of customers using the product. Viruses are not optional.