What are the key metrics you focus on when driving growth for a business?
Muhammad Hassan
6 replies
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Vaibhav@vaibhavdwivedi
Sales has to be in the top apart from acquisition of users.
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Keep an eye on key performance indicators like sales volume, traffic sources, and churn rate.
I focus on metrics like customer acquisition cost, lifetime value, and conversion rates. These give a clear picture of how effective our growth strategies are.
Foe diving growth, I look at user retention rates, churn rates, and monthly recurring revenue. These help in understanding the long-term health of the business.
These metrics provide a clear picture of how effectively we're attracting and retaining customers, as well as the overall health of our growth strategies.
Additionally, monitoring engagement metrics helps us understand customer satisfaction and areas for improvement. ππ