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Phase 3: Build Your MVP

Testing & Iteration

⏱️ 30 min
Lesson 11 of 16
🎯 2 Activities

Your MVP is live—now what? The real work begins: watching how users behave, collecting feedback, and rapidly iterating based on what you learn.

🧠

Metrics Check

What metric measures how many visitors become customers?

ABounce rate
BPage views
CConversion rate
DSession duration

Key Metrics to Track

👀 Traffic

How many people visit your page or product?

🎯 Conversion

% who take the action you want (sign up, buy)

📊 Engagement

Are users actually using your product?

🔄 Retention

Do users come back?

😊 NPS

Would they recommend you? (0-10 scale)

💬 Feedback

What are users saying?

The "One Metric That Matters"

Don't track everything—focus on one key metric that indicates if your core hypothesis is working. For an early MVP, this is usually:

Are users completing the core action that delivers value?

Collecting Feedback

Quantitative data (numbers) tells you WHAT is happening. Qualitative feedback (conversations) tells you WHY.

📊

Interpret the Data

Your mentor matching MVP has been live for 2 weeks. Results: 50 students signed up, 30 were matched with mentors, but only 8 actually had a meeting. Feedback: "I got matched but didn't know what to do next."

What should you iterate on?

AGet more sign-ups through better marketing
BFind better mentors who are more responsive
CImprove the post-match experience with clear next steps

🌟 Fix the Leak First!

The data shows a clear drop-off: 30 matches → 8 meetings. The feedback explains why: unclear next steps. Add a clear email with "Here's your mentor, here's how to book a call" before worrying about more sign-ups.

👍 Maybe, But...

The problem might not be mentor quality—students said they didn't know what to do next. Fix the process before blaming people.

💡 Wrong Focus

More sign-ups won't help if 70% drop off before the core value (meeting). Fix the funnel leak before pouring more water in.

🎯

Prediction Game: Conversion Rate

500
Landing page visits
$0
Ad spend
First-gen
Target audience
Mentorship
Product type

A new mentor matching landing page went live. Traffic came from posting in student Facebook groups (highly targeted). The page offers free mentor matching.

What % of visitors signed up?

Your prediction:
10%
Your Prediction
Actual Result
12%
Prediction Accuracy

Targeted traffic (student groups) + free offer + relevant product = 12% conversion. Cold traffic from ads typically converts 2-5%. Context matters enormously for predicting metrics!

The Iteration Cycle

Weekly Iteration Loop

Monday: Review last week's metrics and feedback

Tuesday-Thursday: Build/test one improvement

Friday: Launch the improvement

Weekend: Collect new data

Repeat!

✏️

Pivot vs Persevere

If your core hypothesis is wrong, you should .

If metrics are improving with each iteration, you should .

Small changes based on feedback are called .

📊

Define Your Success Metrics

Planning

Define how you'll measure if your MVP is working:

Example Metrics Plan

One Metric: # of mentor meetings completed

Success: 20 meetings in first month = validated. Less than 5 = major problem.

Secondary: 1) Sign-up rate 2) Match rate 3) User satisfaction (1-10)

Feedback: Short survey after first meeting + 3 user calls per week

Check: Review metrics every Sunday night

Decision: After 4 weeks, decide: if <5 meetings despite fixes → pivot. If 10+ → persevere and scale.

🎯 Key Takeaways

  • Focus on "one metric that matters" for your core hypothesis
  • Quantitative data shows WHAT, qualitative shows WHY
  • Fix funnel leaks before adding more traffic
  • Iterate weekly: review → build → launch → learn
  • Know when to pivot (hypothesis wrong) vs persevere (improving)