Cosi 165a - IT Entrepreneurship
Measure the effect of a pivot
Identify the key ‘stages’ that users experience on site
Example:
create account
log into account
add content
invite friend
Discussion:
What would stages be for our product?
These are not arbitrary!!
they figure directly into your eventual business model
depending on your goals and your stage they will be different
How many people responded to your email
answered your survey
answered a question
asked a question
etc.
This becomes a classic “funnel” (sales, marketing etc.)
Discussion:
why do you think we call it a funnel?
Metrics… Metrics… Metrics
You also need a way to measure how many people make it to each step
Without metrics your pivots are a shot in the dark
Once you have a baseline
Do the pivot
Quickly determine if you improved where you expected to improved
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