Excited to see how @fast is thinking about product and growth strategy.
Thoughts…
Growth north star: # transactions w/ fast
Growth rate: 10% WoW
Strategy: focus on integrating w/ trusted brands
The more brands that implement Fast, the more “free” advertising with consumers.
Every user who checks out on the web, sees a wall of options.
If Fast can convince brands to add Fast, and maybe remove a few others, consumers will see Fast and be curious.
When they click on the button, they'll be taken through an experience that explains the value prop.
Jul 15, 2020 • 7 tweets • 1 min read
For those of you building a SaaS platform, it easy to just look at # of new visitors and conversion % to paying subs.
But there is so much in the middle and optimizing there is where you win.
Small thread 👇
Think of it as an activation funnel:
Visitors > create account > start engaging with the tool > publish/integrate their work > convert to paid
Jul 10, 2020 • 11 tweets • 6 min read
The products we build are typically just loops or funnels (or both).
How to use them to make better decisions and help build a better #nocode product.
Thread 👇
Funnels:
Setup:
- What is the end state of success?
- What steps does the user need to do to get there?
- What are the conversations rates between each step?
Action:
- Identify the biggest problem
- Research why it’s happening
- Fix it
- Repeat
Jun 13, 2020 • 19 tweets • 6 min read
🚀 Orders of magnitude growth 🚀
1/10/100/1000
Before you build anything, think through the details of how you:
- acquire for first user
- acquire 10 users
- acquire 100 users
- acquire 1000 users
This process forces you to understand the strategy and effort required for each growth step, BEFORE you start building anything.