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Viral Coefficient

How fast can your customer base grow?

The Viral Coefficient measures how many new users an existing user generates. A coefficient greater than one indicates that the user base is growing exponentially through word-of-mouth or social sharing.

Maximizing the viral coefficient accelerates growth and builds a robust user base.

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Regulatory Sandbox

Can you test innovations without the red tape?

A Regulatory Sandbox is a framework that allows businesses to test innovative products, services, or business models in a controlled environment under regulatory supervision. This approach helps companies experiment without facing the full burden of regulation.

Using a regulatory sandbox fosters innovation and ensures compliance.

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Net Revenue Retention (NRR)

How well are you growing existing customer revenue?

Net Revenue Retention (NRR) measures the revenue growth or loss from existing customers over a specific period, accounting for expansions, contractions, and churn. A high NRR indicates strong customer loyalty and effective upselling strategies.

Monitoring NRR helps optimize customer retention and maximize revenue growth.

#eoovbook #eoovbook_pages #trending #startup #business #startup_ideas #business #tech #tech_startup #entrepreneur #entrepreneurship

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Hyperlocal Marketing

Can focusing on a small area lead to big results?

Hyperlocal Marketing targets potential customers in a very specific, geographically restricted area, often through personalized and community-focused messages. This approach is particularly effective for small businesses or local branches of larger companies.

Focusing on hyperlocal marketing can build strong community connections and increase local sales.

#eoovbook #eoovbook_pages #trending #startup #business #startup_ideas #business #tech #tech_startup #entrepreneur #entrepreneurship

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Decoy Effect

Can an extra option influence choice?

The Decoy Effect is a phenomenon where consumers change their preference between two options when presented with a third, less attractive option (the decoy). This strategy can guide customers to choose the higher-margin product or service.

Utilizing the Decoy Effect can increase sales and boost profit margins.

#eoovbook #eoovbook_pages #trending #startup #business #startup_ideas #business #tech #tech_startup #entrepreneur #entrepreneurship

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Here I will talk about various business ideas that will help you know more about business