How to Assess Your Data | QuickMVP Minimum Viable Product Testing
Learn how easy it is to assess collected data in QuickMVP. Watch this 1 minute tutorial to find out more.
QuickMVP is a fantastic tool that can help you validate a business idea before sinking excessive time or finances into the idea. It makes use of lean methodology to help you see if your business idea will work - or needs some tweaking.
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Transcript:
Discoverbusiness.us
How to Assess Collected Data in QuickMVP
To begin, first click on a project that is currently running Google AdWords. For example, we’ll click on this project that was recently
begun.
You are now presented with the project dashboard. On the left is the project name, and underneath are four seperate sections: The landing page, which provides a link to the live site and a time left status bar.
Page, which provides landing page data.
And then Google Ad and Business potential data, which is what we are interested in.
Click on “more” in the Google Ad box to access all available data.
From here, it is very easy to view and analyze your data in order to make decisions - in fact, there is no need to access Google AdWords separately.
You can see your ad budget, what you’ve spent so far, the maximum CPC you are willing to pay, as well as effective keywords, impressions and even average CPC. In addition, you can choose to view data for every ad set you’ve run.
If you scroll down, you can see a preview of your ad, and assess keyword performance data.
To assess business potential data, click on the “business potential tab” at the top of the page.
From here, you can view a number of statistics, including customer acquisition cost, profit margin, market size, and even market potential. It’s a very easy and quick way to assess all of the data your campaign is creating.
Note, however, that the data available will depend on your validation type. If certain information it is not available, it will be marked as NA.
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Trevor Owens
Lean Startup Machine
Business Ideas