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How to Start Investing in Stock: A Beginners Guide

This guide explains the fundamentals of how you can learn and start Investing in Stocks.

Jargon dictionary

. May 25, 2023

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Growth can be achieved in a profitable, scalable & sustainable way. That’s what we write here, one blog at a time 🚀

Investing in Stock can be a brilliant way to build capital over time. Still, you have to learn how to invest smartly and have patience for a very long period to gain your returns. Investing in Stocks is a brilliant idea in which you can earn a lot of profit, but you have to be alert in all circumstances. In long-term investors, the stocks are better for investment even during the phase of market volatility. Now since you have got to know something about investment now, we will learn first about stocks and how to start investing in Stock Market.

How to Start Investing in Stock

I remember a quote by Warren Buffet that states “The process of laying out money now to receive that money in the future” merely means that you should have a goal or willpower to invest money to work, or it may be that there are different types of investment. Still, it would help if you had the hope that your money would grow over time.

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Now since you have got to know something about investment now, we will learn first about stocks and how to start investing in Stock Market.

How do you measure conversion rate? 🧮

To measure conversion rate, you need to identify the desired action that you want your users to take on each step of the customer journey. This could be a simple sign-up, or completing any other action that aligns with your business goals.Once you have identified the desired action, you can calculate the conversion rate using the following formula ⬇️🤟🏼Conversion Rate = (Number of conversions / Total number of visitors) x 100% For example, if your product receives 1,000 users and 100 of them end up buying a subscription, your conversion rate would be 10%.

How to improve the conversion rate? 💪🏼

Conversion rate is always a subset of different levers across the stages of your user journey. Here are some levers you can tweak to improve the product conversion rates effectively

✅ Improve the overall user experience

Ensure that your product is easy to use and navigate, with clear and intuitive interfaces, to reduce friction and improve the user experience.

✅ Improve your user onboarding flow

A clear, concise, and guided onboarding process can help new users understand the value of the product and reduce abandonment rates.

Highlight customer reviews, testimonials, or case studies to build trust and confidence in your product, which can increase conversion rates.

✅ Use persuasive copy

Use persuasive copywriting techniques, such as addressing the user’s pain points, emphasizing the benefits, and creating a sense of urgency, to motivate users to take action.

✅ Simplify pricing

Make your pricing clear and simple, with no hidden costs, to avoid confusion and reduce the barriers to purchase.

There are a ton of growth metrics that can affect your product conversion rate. However, we have only listed the top 4 metrics which have an outsized impact on your conversion rates

✅ Average order value (AOV)

Average Order Value (AOV) measures the average amount spent per transaction and is closely related to the conversion rate. A higher AOV can indicate that current users are engaged with your product. This proves that potential users will also have a higher likelihood of conversion.

✅ Customer acquisition cost (CAC)

Customer Acquisition Cost (CAC) measures the cost of acquiring a new customer and is closely related to the conversion rate. A lower CAC can indicate that the product or marketing campaign is more effective at converting users, resulting in a lower cost per acquisition.

✅ User retention rate

User retention rate measures the percentage of users who continue to use the product over a certain period of time. A higher retention rate can indicate that the product is effectively meeting user needs and providing value, which can lead to increased conversion rates for both existing & new users.

✅ Conversion funnel metrics

Metrics such as conversion rate at each stage of the funnel, drop-off rate, and time to conversion, can provide insights into your user journey and help you identify areas of optimization to improve conversion rate.🤟🏼P.S:If you loved reading about this growth metric, you will find this list of 23 growth metrics incredibly helpful 💪🏼

Written by

GrowthX Editorial Team

Growth can be achieved in a profitable, scalable & sustainable way. That’s what we write here, one blog at a time 🚀

How to Start Investing in Stock: A Beginners Guide

Jargon dictionary

. May 25, 2023

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