📢 Update: Why I Left My Business for AI & Faced My High School Math Demons 😈 (Part 2)
🚀 From Entrepreneur to AI Enthusiast: Do I Regret My Decision? 🤔
Hey there, awesome people! 😄 Remember my previous article on why I left my business to dive into the world of Artificial Intelligence (AI)? Well, I'm back with an update and a confession: I was really bad at math in high school! 😅
During my AI journey, I faced my long-standing fear of math head-on, and guess what? I found it enjoyable and useful for my marketing agency, Citi Ad Agency ! 🚀
Today, I'm sharing my experience of overcoming my math phobia and how it has transformed my business. But the question remains: Do I regret my decision? Let's find out! 💥
📚 Conquering Math: From Fear to Fun 🎢
As I delved into AI, I realized that math was an unavoidable part of the process. I had to face my high school math demons and make peace with concepts like Mean, Median, Mode, Percentiles, Interquartile Range, and Logarithms. 😱
But, to my surprise, once I started applying these concepts to my business, I discovered the immense potential they held for growth and success. 🌟
📈 Math + AI = Business Growth 🚀
By combining math with AI, I unlocked new insights into my clients' preferences, improved my services, and boosted my revenue.
📚 The Magic Trio: Mean, Median, and Mode 🎯
1️⃣ Mean: The mean (average) revenue per service helps you identify which services are generating more 💰. Add up the revenue for each service and divide by the number of services. This gives you a clear picture of the overall performance of your offerings. 🤑
2️⃣ Median: The median (middle) can help you gauge customer satisfaction. Rank your clients' feedback scores, and the middle score gives you an idea of how happy your typical client is. Median is less sensitive to outliers, making it more reliable in understanding the central tendency of your data. 😊
3️⃣ Mode: The mode (most common) service among your clients reveals the most popular one. Knowing the mode enables you to focus on promoting this service to attract more clients and create targeted marketing campaigns. 🌟
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🌲 Outliers: Don't Let Them Fool You 🃏
Outliers may distort your analysis. If one client's ad spend is way higher than the rest, it might give you a wrong impression of the average spend. So, be mindful of these sneaky outliers! 👀
🏆 Ranking, Percentiles & Middle 50%: Find Your Sweet Spot 🍭
Percentiles help rank data – like ranking your clients by their ad spend. Knowing where your clients stand in terms of ad spend allows you to better understand their needs and tailor your services accordingly.
The Middle 50% (Interquartile Range) shows where most clients' budgets lie. By focusing on this range, you can cater to the majority of your clients, ensuring a better product-market fit and attracting more customers! 🎯
🔄 Logarithms: Simplify Big Numbers & Analyze Growth 🎢
Logarithms can simplify large numbers, making it easier to understand and compare the performance of your campaigns. They can also help you analyze growth rates, as logarithmic scales are particularly useful when dealing with data that spans multiple orders of magnitude(Outliers).
For instance, if you're tracking the viral reach of your campaigns, using logarithms can help you identify trends and patterns more easily, enabling you to replicate successful campaigns and improve underperforming ones. 🌐
🤷♂️Summary: What U Can Learn From This
Mean, Median, and Mode helped me understand my clients better, Percentiles and Interquartile Range allowed me to find the sweet spot for my services, and Logarithms simplified complex data, making it easier to analyze the performance of my campaigns. 🎯
💡 The Verdict: Do I Regret My Decision? 🤔
Absolutely not! Embracing AI and math has opened up a whole new world of possibilities for my marketing agency. It's been a challenging journey filled with self-discovery, learning, and growth. I'm excited to see where this adventure leads and how it continues to transform my business. 🌈
Join me on this roller-coaster ride as I keep sharing my experiences and insights! And if you've faced similar challenges or have conquered your own math demons, I'd love to hear your stories in the comments! Stay tuned for more updates, and until next time, happy learning! 🎉