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A Mental Model for Metrics
You can start to see that this very simple model can be applied in any number of ways:
- Defining success metrics for a new product
- Determining a new feature’s success and impact
- Re-vamping metrics for an existing product
- Fielding interview questions about metrics.
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Metrics Matter
Your product’s success is dependent on and defined by metrics. Metrics are a lens into your product’s health and performance. Defining your metrics, therefore, should be as intrinsic to your product development process as defining requirements.
In fact, metrics are one of t...
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The GAME Framework
The GAME framework is a 4-step process that can define metrics for any feature or product.
- Articulate Your Goals: Always start by defining your goals for your product.
- List the Actions That Matter: Define your user actions, or more precis...
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Other curated ideas on this topic:
The pricing conundrum
During the launch of the product, you decide on a simple pricing model for your product. When your product evolves, is your pricing changing equally? Is your pricing competitive and straightforward for the users as it was initially?
Re-work the pricing strategy of your product so that you...
Verifying The Business Model
This pre-launch phase of the customer discovery process involves answering three critical questions:
- Have you found a product-market fit? You have to be sure your product is a good fit for the market. Is this something a lot of people need? How well does it solve...
A feedback loop for your motivation
We can learn from our own experience and find ways to improve. Repeat the following questions to yourself over time.
- What did I achieve today, and how can I better it?
- What should I continue doing, what should I stop, and what new activities should I add?
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