liveBook · Manning

Acquisition metric

As explained in BDD in Action, Second Edition

An acquisition metric measures how effectively a product or service attracts new users or customers.

Acquisition is the work of drawing actors into an ecosystem of products and services. An acquisition metric makes that aim observable: it shows whether more of the people or organizations you need are arriving. The relevant actors may include customers, suppliers, and partners, not just end users. Offering a small but useful free benefit can give them a reason to engage in the first place. section 4.4.1

Business travelers who do not visit

An airline finds that business users account for only 5% of booking inquiries on its site. A Pirate Canvas discussion moves beyond “we need more interest” to ask why travelers would visit: they may value opportunities to do business during a trip more than another travel site. The team turns this acquisition bottleneck into a goal of increasing site visits from business travelers by 300%. An online community that helps travelers identify potential customers or partners on their flights is a proposed way to change behavior, not the metric itself. section 4.4.3 section 4.4.4

To choose a useful acquisition metric, identify whom you want to attract, ask what prevents them from arriving, and specify the observable change that would indicate progress. Discuss the pain point before committing to a campaign or feature. The metric then connects a business goal to candidate deliverables, while keeping the proposed solution distinct from the result it must produce. section 4.4.3 section 4.4.4

How BDD in Action, Second Edition covers it

How deep it goes
Works through a bottleneck and measurable goal, but does not specify an analytics implementation.
Examples
Uses business travelers’ 5% share of booking inquiries and a proposed 300% increase in site visits.
What you can do after
Practice/perform acquisition bottleneck analysis and turn a pain point into a measurable goal before choosing deliverables.
How it connects
Connects acquisition to Pirate Metrics, Pirate Canvas, behavior change, Impact Mapping, and epics.

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This explainer was generated by Manning's knowledge graph from the text of BDD in Action, Second Edition. The section links point to the parts of the book it draws on.