This article discusses using Google Trends to assess the traction of a product or startup. It emphasizes that PR buzz is not a reliable indicator of product/market fit, and instead recommends using Google Trends to track navigational queries, which are a powerful indicator of consumer demand.
Navigational queries are searches for specific brands, like “yelp” or “facebook”. These queries are a good representation of consumer “pull” from the market. When a brand's navigational queries are flat or declining, it suggests a potential problem.
The author explains that navigational queries partially remove the influence of traffic sources that can be inauthentic, unsustainable, or artificially inflated. These sources include:
The author argues that the consumer demand curve as seen in Google Trends is a leading indicator of traffic. A company that is growing steadily in Google Trends, even if it's not getting much press, is likely a healthy company.
Google Trends allows for granular analysis, including viewing data on a 30-day rolling basis and breaking it down by country. This helps identify patterns in traffic seasonality.
The author suggests using other tools in conjunction with Google Trends to get a more comprehensive understanding of product traction.
The author provides Google Trends graphs for several popular companies, highlighting their different growth trajectories. Some companies, like Airbnb, show strong growth, while others, like Foursquare and Twitter, appear to be plateauing.
Google Trends is a powerful tool for assessing product traction, especially when combined with other data sources. It provides insights into consumer demand, seasonality, and overall trends that can be valuable for marketing, social media, and mobile app development. By monitoring these trends, startups can make informed decisions about product strategy and growth.
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