Eric Ries Quotes
In my first start-up, I had an initial advertising budget of $5 per day total. That would buy us 100 clicks per day. At $5 per day, marketing people scoffed and said that is too small to matter. But if you think about it, to an engineer, 100 real humans everyday giving your product a try means you can really start improving.
Topics
Advertising, Ads
Experimentation
Entrepreneurship
Start-Up
Advertising Budget
Advertising Strategy
Agile Development
Click-Through Rate
Conversion Rate
Cost-Effective Marketing
Iterative Development
Product Improvement
Product Optimization
Product Testing
Return on Investment (ROI)
User Acquisition
Data-driven Decision Making
Data-driven Decision
Citations
Ries, Eric. The Lean Startup: How Today's Entrepreneurs Use Continuous Innovation to Create Radically Successful Businesses. Crown Business, 2011, p. 113.
Related Quotes
Eric Ries is an American entrepreneur, blogger, and author of The Lean Startup, a book on the lean startup movement. He is also the author of The Startup Way, a book on modern entrepreneurial management.