What are the key metrics you use to measure the success of your product?

paid rate and share rate

It depends on the type of your product: news websites, social networks, SaaS tools or IM? Different products may focus on different metrics.

One of the key metrics you can also track is the how many mentions about your product you get on social media platforms like reddit and twitter on a daily basis. If people are naturally talking about your product in their posts or recommending it to their friends, that's a good sign of success.

Excellent question! Measuring the success of a product is crucial in order to understand how well it is performing and where improvements can be made. I typically focus on metrics such as user engagement, retention rates, conversion rates, and customer satisfaction. These give a good overall picture of how the product is being received by users and how well it is meeting their needs. Additionally, I also keep an eye on more specific metrics that are relevant to my product, such as the average time spent on a particular feature or the number of referrals generated by happy users. Overall, having a well-rounded approach to measuring success is key in making informed decisions for the future of the product.

DAU and customer retention rate for now.

For evoke-app.com, we have metered usage. So I would say users that constantly make API calls that result in large revenue.

In my case, it is the number of returning users and average spent time. Also, I found it quite difficult to correctly measure everything, because it seems like Google Analytics messes up some numbers quite often. There are a few resources that my fellow startup owners found, especially interesting regarding KPIs: 1. The 2023 OKR Guide - https://info.quantive.com/hubfs/... 2. Sales number guide - https://knowledgehunt.co/resourc... 3. Onboarding KPIs for SaaS - https://knowledgehunt.co/resourc... Hope it helps :)

This is a such a good question because every organizations goals are so different. Not one organization will be tracking the same exact thing, because what one company may view as insightful the other may not. We are tracking, revenue, customer retention etc anything that has to do with growth and scaling.

1. Sales and 2. Customer retention

Mostly Paid conversion & NPS. but there could be different metrics at different stages of the product/business. Like DAU, Avg connections per user (Social network).

At https://bonikapp.com we use some metrics. But the followings are most important ones. 1. MRR (NS metric) 2. ARR 3. GMV

User engagement。 This can be measured through various metrics such as: 1. Active User Count: The number of users who actively use the product on a regular basis. 2. Retention Rate: The percentage of users who return to the product after their first session. and more depending on your product

I place more significance on the level of user usage than I do on the total number of users. 10 heavily utilised consumers are significantly more important than 100 newly enrolled users, especially for early goods. https://essentialsclothing.net/

Depends on the product. At 3veta we track metrics that revolve around customer acquisition and retention. For example, we measure user engagement and satisfaction, frequency of use, and financial performance. The more data you gather, the clearer picture you will get.

Quantitatively conversion rate. Qualitatively organic reviews (more important to me

To measure the success of our product, we keep a close eye on a few key metrics: User Acquisition: How many new users are we attracting and how are they finding us? User Engagement: Are our users finding our product valuable and using it regularly? User Feedback: What are our users saying about us and what can we improve? Revenue: Is our product generating enough revenue to be sustainable? By tracking these metrics, we can make data-driven decisions to continuously improve and make our product even more successful!

number of meme messages in internal chats 🤪

For me it is user retention

There is a cool article about the metric to actually measure your Product Market Fit: https://review.firstround.com/ho... Highly recommended!