What all metrics you measure to check the growth of your product
Anil Matcha
37 replies
Follow me on twitter for growth topics :- https://twitter.com/matchaman11
Replies
AndrΓ© J@sentry_co
PageViews, session length, new users, I like using this notion template with google analytics: https://www.landmarklabs.co/bloc...
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I check Conversion rate each funnels, WAU on a weekly basis and I share to my team members
ProdCamp
Number of backlinks (it affects search rankings and therefore the number of visitors)
Number of visitors (it's the TOFU = Top of the Funnel)
Number of signups
Activation rate
Adoption rate
Conversion to paid
Account retention
Net revenue retention
NPS
There are many more metrics, but I think it's better to focus on just several if not one.
Trickle
There are many metrics that can be used to measure the growth of a product, and the ones that are most relevant can depend on the nature of the product and the goals of the company.
1. User acquisition: Tracking the number of users who sign up for or download the product, as well as how they found out about it.
2. User engagement: Measuring how often and how deeply users interact with the product, such as how long they spend using it, how frequently they return, and what actions they take within it.
3. Churn rate: The percentage of users who stop using the product over a given period of time.
4. Revenue: The amount of money earned by the product, whether through sales or other sources (such as advertising).
5. Customer satisfaction: Measuring how happy users are with the product, such as through survey responses or reviews.
6. Conversion rate: Measuring the percentage of visitors who take a desired action, such as signing up for a newsletter or making a purchase.
@victoria_wu Is it Chat GPT?
Trickle
LaunchPedia
1. Visistors to the landing page
2. Number of new users
3. Customer feedback and
4. Revenue
We measure our product's market share and track changes in our industry to gauge our competitive standing.
Chatgot
We measure customer acquisition cost and customer lifetime value to ensure we are achieving sustainable growth.
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Our company focuses on tracking daily active users, user retention rates, and session duration to keep our users engaged with our product.
You can check with customer feedback, retention rate & comparison of sales π΅ with last quarter.
Flex-Worthy Templates
Here are some useful metrics:
1. User acquisition rate
2. Conversion rate
3. User retention rate
4. Churn rate
5. MRR
6. NPS
7. CAC
8. CLTV
EmbedAI
@shushant_lakhyani What is the most important one
We track our product's mobile app ratings and reviews to understand user sentiment and satisfaction.
Pentest Copilot by BugBase
One favourite metric - # paid clients/ Total leads.
Improving funnel conversion is the key to hyper growth.
Social media engagement and follower growth is a key metric we measure to assess brand awareness and customer sentiment.
Biggest one I measure is just revenue for us
Our company closely monitors churn rate and customer satisfaction to ensure we are meeting customer needs and expectations.
We very much use Weekly Active Teams as our North Star Metric.
Then we measure things that help with it, such as Weekly Active Users, 2 Week Retention, Acquisition %, among others.
The important part for us is making sure that the North Star Metric keeps growing that the user experince is improved on feedback and problem discovery.
EmbedAI
@nuno_ms_reis Awesome, thanks for sharing your experience
@matcha_anil Happy to share :)
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Our team closely monitors our revenue growth and monthly recurring revenue (MRR) to ensure sustainable business growth.
We track our product's search engine rankings and optimize our SEO efforts to increase visibility.
I've seen some really insightful thoughts here: https://www.producthunt.com/disc...