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Vedant SD

Finance Geek | Conte... • 1y

Day 49: BLR Data Dive: Demystifying Metrics for Startup Success Data is the new gold in Bengaluru's startup scene. But deciphering it can feel like reading ancient scrolls! Here's your decoder ring: * Website Traffic: Understand who's visiting your website and how they interact with it. * User Acquisition Cost (CAC): Track how much it costs to acquire a new customer. * Customer Lifetime Value (CLTV): Measure the total revenue a customer generates over time. Aim for a high CLTV! * Conversion Rate: See what percentage of website visitors take a desired action (e.g., sign up, purchase). * Net Promoter Score (NPS): Gauge customer loyalty by asking how likely they are to recommend your product or service. * Social Media Analytics: Track engagement on social media platforms and understand your audience better. * A/B Testing: Experiment with different website elements (e.g., call to action buttons) to see what drives better results. DYOR 😅.

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