The window of opportunity to prove value for new sign-ups using monday.com closes fast. 40% of them leave after only a few minutes! The potential for growth here is huge, and so is the challenge: How can we show “what we’re worth” so quickly?
Michal Lupu, Head of the Growth team @ monday.com, reveals the methodology of how our Growth Team is continuously tackling this challenge. By building a bridge between the customer that just signed up and the abilities of our system could improve the way their team works.
The Growth Team operates in a cycle of 5 distinct stages, thoroughly explained by Lupu:
- Hypothesizing different growth tactics
- Prioritizing hypotheses
- Developing tests for chosen hypotheses
- Running the tests
- Understanding & learning from the results
After two years of tests, wins, failures and lines upon lines of thrown-away code, Lupu and her team have plenty of insight to share.