How do you measure the success of your product and what metrics do you use? 📈

Question

Hi everyone!

We are about to roll out our Chrome extension to the public, and I’d love to hear how you have defined the success of your product.

For us is getting happy paying customers. But I’m curious how you currently measure the success of your product, and bonus points if you share what metrics you use.

Thanks a lot ✌️

Edward Cederlund · Accepted Answer

@steevep great list Steeve! Thanks for sharing. Good luck with the launch coming up soon :)

Sandra Djajic · Answer

Hii, we also measure it through our customers and how satisfied they are with our product :)

Steeve · Answer

The success of a product is a compound of (non-exhaustive list):
- Conversion rate & retention: number of returning users and the average spent time
- Usage rate: depends on your product/service
- Paid rate 
- Share rate: mentions you get on social media
- Organic feedback: either positive or negative

We didn't launch yet (the 15th of Feb, feel free to be notified :D)

How do you measure the success of your product and what metrics do you use? 📈

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