"Population of Bangalore - 1.4 cr
On an average 4 people live in 1 householde=> 1.4cr/4 => ~35L HouseHolds
Out of the 35L Household,
30% household
fall below poverty line
are not interested in ordering online due to their own personal reasons
prefers to visit to the hotel directly and eat instead of ordering online => Thus remaining is ~25L households
out of the 25L households,
assuming at least 20% of the households place one order on average on any given day will lead to 5L orders"
Volderdore - "Population of Bangalore - 1.4 cr
On an average 4 people live in 1 householde=> 1.4cr/4 => ~35L HouseHolds
Out of the 35L Household,
30% household
fall below poverty line
are not interested in ordering online due to their own personal reasons
prefers to visit to the hotel directly and eat instead of ordering online => Thus remaining is ~25L households
out of the 25L households,
assuming at least 20% of the households place one order on average on any given day will lead to 5L orders"See full answer
"General Approach:
In a funnel, prospects that dropped off at the very end just before conversion are the ones that were most likely to convert simply because they went through the effort of going through multiple steps to advance to the very end of the funnel. The more the prospects advances through the funnel, better their probability of converting. I'd therefore focus more on reducing drop-offs at the final stages of the funnel for better conversion.
Caveats:
There are certain use-cases where"
Niji R. - "General Approach:
In a funnel, prospects that dropped off at the very end just before conversion are the ones that were most likely to convert simply because they went through the effort of going through multiple steps to advance to the very end of the funnel. The more the prospects advances through the funnel, better their probability of converting. I'd therefore focus more on reducing drop-offs at the final stages of the funnel for better conversion.
Caveats:
There are certain use-cases where"See full answer
Product Manager
Execution
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