Product Analytics - Introduction To Metrics

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Product analytics – Introduction to metrics

Introduction to the
Company
Product analytics – Introduction to metrics

Student Name: Gauri Mathur


Email id: [email protected]
Problem Statement

You have recently joined as Product Manager-Analytics in a fast growing


SaaS startup. One of your first jobs is to build a web based dashboard that
will track the relevant metrics across the lifecycle of the product. For this
you need to first identify the relevant metrics that you will track for the
different stages and then build a wireframe for the dashboard which will
help track all these metrics.
In your submission identify the relevant metrics (along with explanation of
why you will use them) and then share the screenshot of your wireframe.
Hint: Use the AARRR framework to find the relevant metrics.
Metrics - AARRR
Acquisition Activation Retention Revenue Referral
• CAC : This metric • Activation Rate: This • Churn Rate: It is • Monthly Recurring • NPS: is used to measure
measures how much metric for analysing the important to track how many Revenue: In order to the loyalty of a company’s
cash is spent on sales percentage of acquired customers are lost over a make business sustainable, it customers. NPS gives quick
customers that are actually time period to understand is important to realise the and reliable feedback from
and marketing activities
using your product. the company’s retain ability. fixed revenue that is customers.
to acquire a new
customer and how long
• CRR: the percentage of incoming every month. This • Viral Coefficient: is the
• Average On-boarding customers you keep relative will help in recuperating the number of new users an
it will take to recoup to the number you had at upfront investments made at existing user generates. This
initial investments. This
Time: This measure will
give an idea of how long it the start of your period. This the beginning along with metric calculates the
will help in determining takes for customers to go does not count new making steady progress on exponential referral cycle.
if the company should live – the time they customers. It is the reverse development initiatives and This metric will help us
boost sales costs or cur become a customer to time of customer churn. CRR also resources.. understand if our referral
back. they start using the product. gives you an indication of • ARPU: This metric can scheme is actually making an
If the customer takes too how loyal your customers help increase impact or not.
• CLV: This metric gives are and how good your
long to be onboarded it is revenue/customer. Once
us the revenue considered a red flag and will customer service is. By we’ve gotten our churn rate
generated by a user over require attention to improve tracking and benchmarking under control and have a
its lifetime as a flow. CRR we can find ways to reliable way to acquire
improve these areas of the
customer. CAC greater customers, the keys to
business. increasing the revenue
than CLV is a red flag,
you’re receiving are up-sells
corrective measures
and cross-sells.
have to be taken.
Link:
https://app.moqups.com/[email protected]/Wr8xp5
u77s/view/page/aa9df7b72?ui=0

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