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Quick Hacks: How To Calculate Growth Rate for Your Product

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Quick Hacks: How To Calculate Growth Rate for Your Product

How to calculate a percentage that accurately represents your products growth rate

· Agile Zone
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Say that you've got a set of numbers that represent growth for your project. Whether it's installations, signups or revenue it doesn't matter too much - you just need to provide a percentage. Although it seems like a difficult thing to work out, there are some really easy ways to do this. 

I'm going to assume that you've already plugged these numbers into a spreadsheet application. I'll show how you can do this with Excel. 

First, make sure to plot your data in a scatter plot. Image titleThen click on the series that you want to calculate growth on and choose to Add Trendline 

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Choose an Exponential trendline 

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And choose to display the equation on the chart through the Options  

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You'll now see the formula (highlighted in the screenshot below) 

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The power section of this is where you can derive the growth % from - you just need to multiple it by 100 to get the %. In the case above .0069 results in a growth rate of .6%. 

You can see other ways to calculate growth from the comfort of Excel in the igetit newsletter.

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Topics:
growth hacking ,growth

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