how do you know if your idea is good or not and also when to stop working on a project....you worked for so long??
Wild Kira
/Internet_ย โขย 4m
talk with your potential users for idea validation. when there's low customer retention & not getting new enough as well, that's the time to put break.
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Humayun Roshid
NIT Silchar || EIE '...ย โขย 1m
There's sudden surge of users and like minded people. Happy for Medial that is getting it's due recognition.
When I joined physicswallah - I didn't know much about edtech
But for the first 3 months, everyday from 7 pm to 9 pm I used to talk to aspirants, our power users and users who hated us
Because you only find insights from your power users or users
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12 replies15 likes
Vaibhav Babruwan Shingde
Studentย โขย 1y
Ycombinator Day 4: ๐ Mastering Product Building, User Talks & Growth Strategies!
Key Insights ๐คฉ๐ค๐:
โข Don't build secretly, get users from the start
โข Learn the problem deeply, identify customer segments
โข Define minimum viable product (MVP)
โข
Most SaaS companies spend 90% of their resources trying to acquire new customers, but only 10% on retaining them.
Surprising, right? ๐
โ Your most valuable sales reps are your current satisfied customers.
โ Retention boosts profitability by 25-95%
Hi Medial family ๐
Here is the success journey of 'BRAVE' in brief :
Customer painpoints
1) irrelevant Ads
2) privacy issue , customer feels thier privacy was compromising
3) Not able to focus on the main content of page because of banner Ads ,
Startup Terminologies Demystified ๐
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.
There's a huge difference between building a mediocre business, sizable business and a great business
Here's how you can know if your idea will turn into a mediocre business, sizable business and a great business
There are 3 important components
New Users are in! Now Letโs Talk Activation Metrics.
The marketing team did an incredible job bringing in new usersโgreat! But now, it's time to shift focus to activation.
But first, let's clear up a common confusion between adoption and activation
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Mohammad Asaad Sayed
My mind to me a king...ย โขย 1m
5 Mistakes Tech Products Must Avoid to Boost Retention ๐
Case Study: Lessons from 5 Failed Products
1. Mistake: Overcomplicating Onboarding
Example: App โTaskFlowโ bombarded users with tutorials, causing drop-offs.
Fix: Simplify onboardingโfocus o