There is quite a bit of information available online about eCommerce conversions rates. According to a ton of sources, average visitor-to-sale conversion rates vary from 1-3%. This does not mean the Furniture conversions will be the same. The bigger problem is that visitor-to-sale conversions ar...
Retention - if you build something people want/use AND come back and use often, then you can usually figure out a business model to make it work (if there's a big enough market).
I don't think I would add anything to Sean's pyramid but I do have my own approach to things that essentially breaks it down a bit more to a granular approach. 1. Find users who've had success If you're lucky to have 100-1000 users, I'm hoping you can identify 5-20 of them that love your produc...
Easy :) There are a number of companies that make games which would work with your steering wheel. If those companies have captured the email address of their users (or have the ability to send push notifications to the device) then they already have a direct relationship to your market. Go to ...
Use marketing as a means to gather more data and test. Marketing is one of the most underrated and undervalued skills in startups. Startups don't struggle with competition but getting attention. Marketing drives more data into the product, thus you can validate your theories. Pre-product mark...
The core underlying factor for this is that platforms and behaviors took hold which did two crucial things for commerce, communication, and entertainment driven companies. The first was provide a graph to leverage for quick scale, Zynga on Facebook being the best example. Many others were able to...
First of all: good luck. Seeing how you have a limited budget, I would select the following 3 strategies: 1. Affiliate marketing: offer affiliates a fee for every referral that converts into an actual ‘sale’. This way, you aren’t really paying anything out of pocket, but rather the payment is co...
All successful sales come from the customer realizing that something of great value is being provided. Therefore, to be an entrepreneur, a person should be searching for something that many people will assess as having great value. In other words, look for something you can design once, and sell ...
Not really. A startup's need is always revolving around what the founders can pull off- how creative and how shameless you are. Lets think outside the box here: If you absolutely have to market during a break, follow your potential users. Showcase at events, attent clubs, the beach, go to the d...
First let me start by saying that is impossible to guarantee any certain percentage in growth. Growth hacking is about viability, not traditional marketing alone if at all (depending on your GHacker) When it comes to growth hacking, the GHacker is responsible to helping tweak all parts of the ...