Futuristic Play by Andrew Chen: "It's easy to overemphasize viral user acquisition
I've recently been receiving a deluge of e-mail related to viral marketing - in particular, people sometimes represent it as a 'magic bullet' to solving their startup's problems. In fact, I'd argue that it's merely one of many steps required to create a long-lasting, value-generating web property.
After all, the last thing you want to be is a fad, a one-hit wonder, or many of the other terms that are out there for rapidly spreading idea that quickly burnout.
Viral coefficient is only one metric of many
If anything, my overall point is to emphasize a hypothesis-driven, data-centric view of both the internal and external factors of your business. You need to build a sufficiently fine-grained model to expose the different levers available to you to optimize, verify, and repeat. If you care about pageviews, for example, but are only measuring the virality of your product, then you are missing out on all the other contributing variables in your business."
Tuesday, April 22, 2008
Futuristic Play by Andrew Chen
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