Analytics has changed the landscape
A great analytics strategy is tightly integrated with the overall business strategy
There exists a host of tools to help you with these objectives.
Will they buy from us?
How do we reach them?
Google Analytics
Understanding key features
Understanding core users and testing their needs
Identifying most effective channels
How can we do better?
Core Idea: Track conversion rates between levels of funnel to see where “leakage” occurs and create strategies to minimize this loss.
Is my marketing spend being used efficiently?
The main point here is that you can break revenue into measureable components
Tie how you earn revenue to what you measure
Then understand where you are doing well and not well
Then use your analytics solution to design tests to figure out how to drive more lifetime value
Mathematically:
More info: https://mixpanel.com/case-study/airbnb/
More info: https://mixpanel.com/case-study/khanacademy/
More info: https://mixpanel.com/case-study/jawbone/
Earlier Cohorts
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