When will you be able to say that your
Posted: Sun Dec 22, 2024 7:13 am
Product goal metrics provide the answer to the following questions:
product has been successful?
How do you measure the success of your product in terms of numbers?
By having a measurable goal, an experienced team of experts working on the product can be creative in finding optimal solutions to achieve it. Moreover, money is spent germany business email database only on relevant things that will bring real benefits to the business and the users.
As a good practice, each product goal should be correlated with the maximum of 3-5 metrics. A timeline for the measurement should also be predefined (e.g. within 3 months after launching the product).
The metrics, once the product is launched, should help to measure how the product is doing on the market and what kind of impact it is bringing.
Good metrics should allow you to easily assess whether your product is headed in the desired direction and how to prioritize further product development decisions, based on the users feedback.
Example metrics:
Rank among the top 15 recipes app in 6 months
number of app activations within
user engagement (per screen, per feature)
NPS (will you recommend this product to your friend?)
number of active users
average basket value
conversion rates
level of income from in-app purchase after [x] weeks of release
application rating
product has been successful?
How do you measure the success of your product in terms of numbers?
By having a measurable goal, an experienced team of experts working on the product can be creative in finding optimal solutions to achieve it. Moreover, money is spent germany business email database only on relevant things that will bring real benefits to the business and the users.
As a good practice, each product goal should be correlated with the maximum of 3-5 metrics. A timeline for the measurement should also be predefined (e.g. within 3 months after launching the product).
The metrics, once the product is launched, should help to measure how the product is doing on the market and what kind of impact it is bringing.
Good metrics should allow you to easily assess whether your product is headed in the desired direction and how to prioritize further product development decisions, based on the users feedback.
Example metrics:
Rank among the top 15 recipes app in 6 months
number of app activations within
user engagement (per screen, per feature)
NPS (will you recommend this product to your friend?)
number of active users
average basket value
conversion rates
level of income from in-app purchase after [x] weeks of release
application rating