Building a Culture of Experimentation: Linktree’s Monetization and Growth
Some takeaways from the session are:
1️⃣ Focus on creating an exceptional product to meet user needs, and align your prices and packages with your product value.
2️⃣ Transitioning from traditional “speed to market” to “speed to signal” by running experiments allowed Linktree to quickly test their hypotheses and gather user insights.
3️⃣ Clear communication, leadership endorsement, and tooling are some of the key components in building a culture of experimentation. Consistency, persistence and resilience are essential qualities for teams to embrace a culture of experimentation.
4️⃣ Find the balance between user experience and the speed of experiments. Experimentation is an iterative process based on continuous learning and quick adjustments.
5️⃣ “Failed” experiments are still valuable because they provide insights and a deeper understanding into your users. Build up your bank or library of learnings and experiments as they help you learn more about your users and lets you get better at helping them solve their problems.