Summary of Flywheel Audit Business Deep Dive | Disbug

00:00:00 - 00:20:00

The video discusses how Flywheel audits businesses to improve client feedback and experimentation, and how the company is still in the free plan for bug reports. The business has seen an increase in bug reports over the past six months, as clients have become more engaged with the product. However, not all bug reports are beneficial, as some indicate that features have stopped working.

• 00:00:00 The author of the video discusses how Flywheel audits business operations to improve client feedback and experimentation. He states that unless the number of people using the bug reporting tool for the second use case far outweighs the other use case, the company should stick to its original definition of the product. The author also notes that the company is still in the free plan for bug reports.
• 00:05:00 The video presents Flywheel's audit process, which includes collecting bug reports from clients and converting them into jira tickets. The business has seen an increase in bug reports over the past six months, as clients have become more engaged with the product. However, not all bug reports are beneficial, as some indicate that features have stopped working.
• 00:10:00 The Flywheel Audit Business Deep Dive explains how Flywheel uses data to improve the quality of their product, and how they focus on demand generation in order to grow their business. They have over 500 users, and they are generating around 30 signups per month. They also have blogs which may be generating more visits, but they need to focus on other areas to increase their number of signups.
• 00:15:00 The speaker provides a deep dive into flywheel audits, discussing how often businesses should be using them, how to set the price for premium services, and how to increase conversions by hooking customers in with a free trial.
• 00:20:00 The author of the video argues that the premium strategy is a wrong strategy because it is not efficient enough to deal with high value problems. He suggests that reducing the number of users to 10 or 50 makes it easier to identify high value users. He also suggests that the pricing plan is an issue, as users are not incentivized to move to paid subscriptions. The author concludes that making changes to the website's design and marketing would make it more efficient and more trustworthy.