Viral engine of growth
Applies to products designed to spread rapidly from one person to another. They rely on existing users to bring in new users.
This is different than word-of-mouth growth because customers are not intentionally promoting the product. Instead, they are promoting the product by using it. Viral growth happens automatically as a side effect of customers using the product.
Metrics to track: k-factor
Rule of growth: The higher the k-factor, the faster the product spreads.
Focus on: Increasing the sign up rate and the number of invites sent per user.
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Similar ideas to Viral engine of growth
Sticky engine of growth
Applies to products designed to attract and retain customers for the long term. They rely on high retention rates to grow.
Metrics to track: Growth rate, Churn rate, Retention
Rule of growth: Growth rate > Churn rate. The larger the difference, the fa...
Paid engine of growth
Applies to startups that acquire users through ads or sales, make a profit on each new user, and then reinvest the revenue to acquire more users for larger profits. They rely on getting more money from a user than they paid to get him.
Metrics to track: CAC, LTV
2. Viral engine of growth.
- It's called the viral loop, and its speed is determined by the viral rate.
- The higher this coefficient, the faster the product will gain popularity.
- The viral ratio shows how many more customers each new customer can bring.
- Each of his friends is also a potential c...
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