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Updated by steve-10 on Jul 27, 2017
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5 Innovation Metrics and How to Test Them

Here's an infographic on 5 Innovation Metrics and How to Test Them.

1

Rate of Acquisition

Run ads on platforms like Google and Facebook targeting your customer problem. Count your click per 1000 impressions.

2

Rate of Activation

Create landing pages with copy, imagery and a compelling "call to action" button to sell the solution. Count your button clicks per 100 visitors.

3

Rate of Conversion

Display a price point with a "Buy Now" button. Count the click on "Buy Now" per 100 visitors.

4

Rate of Return

You can use Google Analytics to track the percentage of new versus returning visitors, monitor email engagement with mailchimp, or track individual user engagement with Kissmetrics.

5

Viral Coefficient

Referral programs such as InviteBox and ReferralCandy help you track the number of invited and converted users.