What do you think? An entrepreneur who is thinking of making some big plan, be it in any field, what can he learn from Byjus about what not to do? Because today a billion dollar company is on the verge of closing down, so what can be learnt?
entrepr
See More
Manthan
Never give up • 6m
I think in the start of a business , we can expect a high customer acquisition cost but if the cost is similar after being in field for so long, which means the product is not delivering good value to the people and this simple thing was missed out by byjus
0 replies
More like this
Recommendations from Medial
FED KIIT
Federation of entrep... • 7m
Which metric is most commonly used by startups to measure product-market fit?
A) Customer Acquisition Cost (CAC)
B) Net Promoter Score (NPS)
C) Customer Lifetime Value (CLV)
D) Monthly Recurring Revenue (MRR)
Should Medial host offline/online events for startups?
Advantages:
1. Strong networking opportunities for the community.
2. Enhanced brand value for Medial.
3. Lower customer acquisition cost (CAC) and an additional revenue stream for Medial.
Wh
What would be the cost of developing a app similar to zepto / dunzo and operation cost also.
Building app should be first step or something else ?
9 replies5 likes
Raghav Agarwal
0th Employee @Easer(... • 11m
Guys what is the average customer acquisition cost of ecommerce website whose average price is 400. Iam only running instagram ads right now. So what should be my average conversion cost in general.
Startup Terminologies Demystified 🚀
1) LTV (Customer Lifetime Value):
The total revenue a business can expect from a single customer during their entire relationship with the company. It helps measure how valuable a customer is in the long run.
In the future, VALUE SYSTEMS will continue to play an increasingly important role in consumer decision-making. Companies that want to be successful will need to focus on delivering value in all four areas of the Elements of Value pyramid.
Question f
See More
0 replies6 likes
Vikas Acharya
•
Medial • 4m
STARTUP TERMS TO KNOW - Day 1
1.PIVOT - A significant change in a startup's business model or strategy.
2.BOOTSTRAPPING - Funding a startup using personal savings or internal revenue without external help.
3.UNICORN - A privately held startup valu
Commonly used Jargons
1)Bull Market:-If you expect the stock prices to go up,you are bullish on the stock price.
2)Bear Market:-If you expect the stock prices to go down,you are bearish on the stock price.
3)Trend:-The term ‘trend’ usually refers
See More
0 replies6 likes
Gaurav Kautkar
Helping founders ach... • 5d
Value > Profit ?
An entrepreneur is supposed to deliver value.
Value, as much as a consumer deserves.
Value, more than a consumer is paying.
Value, more than a competitor is delivering.
We are always willing to do more than, what we can. More t
Elon Musk Has something called *Idiot Index* at spaceX!
Its very simple thing. It calculates the ratio between Price Of Part and Cost of Raw Material used in that part.
Like if a part cost $1000, and it takes raw material worth $100 to make it, the
