If Itโs Measurable, It Must Matter โ All Metrics Are Equal ๐งฎ
Manage episode 497738414 series 3657901
In this weekโs episode of Engage And Thrive (also known as EAT With Taelon), Iโm calling out one of the biggest traps in digital business. Tracking everything and understanding nothing. Just because itโs measurable doesnโt mean it matters.
Iโm diving into the difference between vanity metrics and valuable insights. I explore the risks of data overload. I explain how to build a metrics stack that drives real business growth. Youโll learn how to choose metrics that align with your goals. Youโll discover how to avoid false positives. Youโll find out how to stop reporting for the sake of it.
If your dashboards are full but your strategy feels fuzzy, this episode is your reset.
Got a myth to bust? Send it my way!โ โ โ
Vocab:โ โ โ ๐โ
- CTR โ Clickthrough Rate
- ROI - Return On Investment
- Churn Rate
- Attribution
- LTV - Lifetime Value
- Impressions
- CR - Conversion Rate
- CPA โ Cost Per Acquisition
- Vanity Metrics
Kitbox
- Google Analytics
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Timestamps ๐ฏ
- (00:00) Misconception
- (00:10) EAT Intro
- (00:44) Myth Bust
- (01:43) Vocab
- (03:05) Number One: Metrics That Mislead
- (05:19) Number Two: Valuable Metrics
- (08:02) Number Three: Prioritising Metrics
- (11:31) Wrap Up
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Letโs thrive together ๐ค
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