MyBaze 10 things learned building ecommerce startup

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description

MyBaze is a design marketplace for fashion, home & living and arts. We are a young e-commerce startup with strong technological foundation and a taste for design. We would like to share with you some thoughts during our humble beginnings.

Transcript of MyBaze 10 things learned building ecommerce startup

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DESIGN MARKETPLACE WITH CURATED SALES.

Design is everything and everywhere:

home & living, fashion, art from fresh young brands.

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MADE SOCIAL.

Customers get NewsFeeds from their desired brands.

Brands can set up their shops and customize it. We help with

marketing, sales, logistics.

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OUR TEAM

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OUR TEAM

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10 THINGS WE LEARNED BUILDING MYBAZE

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1. CUSTOMER DEVELOPMENT PROCESS

Customerdiscovery

Customervalidation

Customercreation

Customerbuilding

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MAKE MISTAKES AND BE ITERATIVE

DONE IS BETTER

THAN

Perfect

FAIL FAST&

CHANGE THINGS

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2. BUSINESS MODEL CANVAS

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3. MEASURE EVERYTHING (AARRR) AARRR

• Social Networks • Apps & Widgets • Domains • Blogs • Email • SEM • SEO • PR • Campaigns, Contests • Affiliates • Biz Dev • Direct, Tel, TV

www.mybaze.com

Acquisition

Marketing Channels: • largest-volume (#) • lowest-cost ($) • best-performing (%)

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3. MEASURE EVERYTHING (AARRR) AARRR Activation

Activation Criteria:10-30+ seconds2-3+ page views3-5+ clicks1 key feature usage

Do LOTS of landing page tests & A/B tests - just make lots of dumb guesses & iterate QUICK

• Happy 1st Visit • Email/Blog/RSS/Widget Signup • Acct Signup

www.mybaze.com

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3. MEASURE EVERYTHING (AARRR) AARRR Retention

Automated emails are simple & easy retention feature

• lifecycle emails @ +3, +7, +30d • status emails weekly/monthly • event-based emails as they occur

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3. MEASURE EVERYTHING (AARRR) AARRR Referral

Only encourage users torefer *after* they have“happy” user experience;

avg score >= 8 out of 10

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3. MEASURE EVERYTHING (AARRR) AARRR Revenue

$ $ $Metrics specific for our business

• Ads, Leads Gen • Subscription, etc. • Biz Dev

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4. TEAM AND WORK CULTURE MATTER

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GET. SHIT. DONE.

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5. BUILD A BRAND AND A PRODUCT THAT EXCITES

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6. EXECUTION IS KING

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7. FOCUS ON ONE THING AT A TIME

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8. HAVE FUN

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9. BE TRANSPARENT, TELL THE TRUTH

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10. THINK LIKE AN INVESTOR

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THERE IS ONLY ONE BOSS. THE CUSTOMER.WHOEVER HE/SHE IS.

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COMPUTING CLOUD

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STILL COUNTING

2 000 000 lines of code 1000 lines per day

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TECHNOLOGY