From the course: 17 Questions to Help Improve Your Marketing
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What are your most important metrics?
From the course: 17 Questions to Help Improve Your Marketing
What are your most important metrics?
- Marketing is a science. In order to pinpoint a strategy, report on results, and evaluate opportunities for improvement, you need to be capturing and analyzing data. We live in a world that is data-driven. We have the tools and resources to measure anything we want. So it's important that you can answer the question, what are your metrics? Now, the real issue here tends not to be a lack of data, but rather a lack of focus. There's not time for a 10-page report of all the business metrics. To avoid information overload, you want to focus on the metrics that matter most. An easy approach is to categorize your metrics by the critical areas of business. Acquisition, activation, retention, referral, and revenue. Dave McClure, venture capitalist and angel investor, refers to these as the Pirate Metrics. Named because when you take the first letter of each stage, it sounds like, well, a pirate. Aarrr, matey. You'll want to…
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What is your value proposition?1m 32s
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Who is your target market?2m 22s
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What buyer personas are you using?1m 16s
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Who is your competition?1m 7s
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What is your objective?1m 57s
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What are your most important metrics?1m 30s
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What messaging assumptions have you made?1m 6s
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What are your touchpoints?1m 32s
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What are your priorities?2m 9s
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What do you want to accomplish?1m 1s
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What stage is your business in?1m 54s
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What is your Net Promoter Score?1m 58s
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Where will growth come from?1m 32s
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What is your budget?1m 32s
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What's your price image?1m 27s
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How are you addressing privacy concerns?1m 12s
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Why?1m 10s
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