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How to track data in your product-led business
Manage episode 399140928 series 2844195
In this episode of the ProductLed Podcast, Wes Bush dives into identifying the most significant bottleneck in a product-led business. He emphasizes the importance of monitoring six core metrics: website visitors, sign-ups, account setups, first-value realization, key usage indicators, and upgrades.
Wes shares the role of a well-defined tracking plan and the benefits of leveraging first-party data for insightful decision-making. Wes stresses the importance of simplicity in tracking and the impact of data-driven strategies on identifying and addressing business bottlenecks.
*Here’s the tracking plan template you can use. *
Highlights:
- 03:22: Defining the six core metrics for tracking
- 05:02: How to begin tracking these metrics
- 07:14: Key usage indicators and their importance
- 08:23: The necessity of a founder's involvement in the tracking plan
- 10:06: Daily and weekly review of key metrics within the team
- 11:59: Wes's final advice on keeping the tracking process simple
About the ProductLed System™️
Stop guessing how to execute a product-led strategy. Instead, follow a proven system that dials in your focus to 2x your self-serve revenue in 12 months by focusing on the nine components that make up a product-led business. You can learn more here.
257 επεισόδια
Manage episode 399140928 series 2844195
In this episode of the ProductLed Podcast, Wes Bush dives into identifying the most significant bottleneck in a product-led business. He emphasizes the importance of monitoring six core metrics: website visitors, sign-ups, account setups, first-value realization, key usage indicators, and upgrades.
Wes shares the role of a well-defined tracking plan and the benefits of leveraging first-party data for insightful decision-making. Wes stresses the importance of simplicity in tracking and the impact of data-driven strategies on identifying and addressing business bottlenecks.
*Here’s the tracking plan template you can use. *
Highlights:
- 03:22: Defining the six core metrics for tracking
- 05:02: How to begin tracking these metrics
- 07:14: Key usage indicators and their importance
- 08:23: The necessity of a founder's involvement in the tracking plan
- 10:06: Daily and weekly review of key metrics within the team
- 11:59: Wes's final advice on keeping the tracking process simple
About the ProductLed System™️
Stop guessing how to execute a product-led strategy. Instead, follow a proven system that dials in your focus to 2x your self-serve revenue in 12 months by focusing on the nine components that make up a product-led business. You can learn more here.
257 επεισόδια
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