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How narrowing your target market can unlock growth

Here’s all the metrics you can improve by narrowing your market:

  1. Word of mouth / virality - When you have a clear, focused marketing message (e.g. “Volley is a community for entrepreneurs to help each other” vs. “Volley is a community for people to help each other”) it becomes easier to spread to the right people. I now might think to tell an entrepreneur friend about it if they need help, whereas before I didn’t link “Volley” with “Entrepreneurs” in my mind.
  2. Conversion rate - I’m more likely to sign up for a community for entrepreneurs than a site that lets people help people, because it’s more clear what kind of help I can expect to get and give.
  3. Activation - If you have a concentration of people who share similar needs and abilities, more requests will get fulfilled quicker than if there is a huge diversity of needs from different kinds of people. Basically, you can reach market liquidity faster. This will get more people to the “
# hotness = age_in_minutes / (votes**2.5)
age_in_minutes = (((link.created_at.to_f / 60).floor * 60) - ((Time.now.to_f / 60).floor * 60)) / -60
hotness = age_in_minutes / (link.votes**2.5)
.,,
,/LPV/
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there's a bluebird in my heart that
wants to get out
but I'm too tough for him,
I say, stay in there, I'm not going
to let anybody see
you.
there's a bluebird in my heart that
wants to get out
but I pour whiskey on him and inhale
cigarette smoke

nbashaw@nbw-mbp:~/projects/coinbase(feature-nathan⚡) » port search memcache 1 ↵
Warning: port definitions are more than two weeks old, consider using selfupdate
apr_memcache @0.7.0 (devel)
memcached client in C
java_memcached @2.0.1 (java)
A high performance, distributed object caching system.
libmemcache @1.4.0.rc2 (devel)
C library for memcached.
@nbashaw
nbashaw / sorryWereClosed.html
Created June 28, 2012 17:29
Hides Olark before 8am and after 5pm Pacific time
<script>
// Hide Olark before 8am and after 5pm Pacific time
var d = new Date();
var utcHour = d.getUTCHours();
var pacificHour = utcHour - 7;
if (pacificHour < 8 || pacificHour > 16) {
olark('api.box.hide');
}
</script>
// Hide Olark before 8am and after 5pm
// (Pacific Time Zone)
var d = new Date();
var utcHour = d.getUTCHours();
var pacificHour = utcHour + 7
if (pacificHour < 8 || pacificHour > 16) {
olark('api.box.hide');
}
To show only parts of the pre-chat survey (or to make some of them required), use the model below, changing the numeric parameter and text parameter as appropriate:
<!-- 2 == required, 1 == show -->
<script type='text/javascript'>
olark.configure('system.require_name', 2);
olark.configure('system.require_email', 0);
olark.configure('system.require_phone', 0);
olark.configure('system.habla_offline_phone_text','\u003Cclick here\u003E and type your Phone Number');
olark.configure('system.start_hidden', true);
window.setTimeout(function() {
olark('api.box.show')
},5000);