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Validation & Metrics - Simon Newstead
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Validation & Metrics - Simon Newstead

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Frenzoo/Me Girl 創辦人 Simon Newstead 講述 Validation 和 Metrics 的概念。@StartLab.HK 香港創業實驗室 Bootcamp 啟蒙訓練營 Day1 第一日 ...

Frenzoo/Me Girl 創辦人 Simon Newstead 講述 Validation 和 Metrics 的概念。@StartLab.HK 香港創業實驗室 Bootcamp 啟蒙訓練營 Day1 第一日

大會官方網頁 Official Website:
http://startlab.hk

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Validation & Metrics - Simon Newstead Validation & Metrics - Simon Newstead Presentation Transcript

  • METRICS & VALIDATIONsimon@frenzoo.com
  • *
  • *Startups I’m involved in *3d lifestylegames3d printingplatformSocial NetworkappPowertools
  • *Hi I’m Simon●Think of ideas●Validate them●Execute them●Test them (metrics)●Launch●Iterate*MY JOB
  • *Marc Andreesen (founder of Netscape, Opsware, VC) *“The only thing that matters is product-market fit”MARKET >> Product / TeamMetrics and validation will tell you if there is a market
  • Quiz *How many apps arethere in theappstore?
  • Are you ONE in a MILLION? *
  • *ROUTES TO SUCCESS IN THE APPSTORE IN 2013 *CHOICES●Get lucky●Have the budget to push a mass market service●Target and serve a niche well
  • *Test your idea *Validation
  • *BEFORE YOU START DEVELOPMENT *VALIDATE THE CONCEPT●Polls●Ad networks●Forums●Avoid your friends
  • *Going Deeper *POLLING OPTIONS●Ask Your Target Market●Google Consumer Surveys●PickFu●Amazon Mechanical Turk●Hack Ad Networks
  • *An example *TEST A NEW APP CONCEPT
  • *BEFORE YOU START DEVELOPMENT *TEST THE CONCEPT●Mockup test
  • **
  • Metrics
  • *The ONLY equation that matters *LTV > CAC
  • *The ONLY equation that matters *LT x ARPDAU > Direct CPA x Viral
  • *The ONLY equation that matters *LT x Conversion rate * ARPPDAU >Direct CPA x Viral
  • *MOST IMPORTANT METRICS (1) *●By Cohort●Date●Version●A/B Test●Traffic Source●Platform / Device
  • *MOST IMPORTANT METRICS (2) *●Retention●1 day●7 day●30 day●Session length●Sessions / day●DAU / WAU / MAU
  • *MOST IMPORTANT METRICS (3) *●Monetization●LTV●% convert●ARPPU
  • *MOST IMPORTANT METRICS (4) *●Classification / Segmentation●Whales (IAP)●Mid payers (IAP)●Low payers (IAP)●Free offerwall users (rewarded)●Free social●Free
  • *MOST IMPORTANT METRICS (5) *●Channel●CPI●CPPU●Channel capacity
  • *APPSTORE MARKETING●Organic●Word of mouth●SEO●Chart position●Viral channels●Press●Paid●Rewarded●Non rewarded●Featuring networks●Cross promo*
  • MonetizationCreate and launch a hit mobile game
  • *MONETIZATION PRINCIPLES●In freemium, a very small percent of people pay (under 5%)●Of these, a smaller % contribute a disproportionate amount of revenue●They are usually happy to spend more, not less●Do:●Segment●Uncap user spending potential●Provide ways to spend a LOT in a short amount of time*
  • *GAMES VS APPS●Apps: linear consumption*●Games: can be exponential consumption$spend“what youget”$spend“what youget”
  • *MONETIZATION DRIVERS●Sales●Limited editions●Endogenous value●Seasonal●Insurance●Aesthetics●Speed up time●Mating●Revenge●Tend and befriend etc*
  • Question *How would youuncap spending ina dating app?
  • **Need advice or help on your startup?simon@frenzoo.comWhatsApp/LINE/MessageMe/Viber/WeChat/FB/Kakao/SMS 62771812
  • Q&A*Now hiring!InternsProgrammers