The document introduces metrics for product analytics using the AARRR framework. It identifies key metrics for acquisition (CAC, CLV), activation (activation rate, average onboarding time), retention (churn rate, CRR), revenue (MRR, ARPU), and referral (NPS, viral coefficient). These metrics will help track performance across the product lifecycle and identify areas for improvement.
The response includes a link to a wireframe dashboard that tracks these metrics.
The document introduces metrics for product analytics using the AARRR framework. It identifies key metrics for acquisition (CAC, CLV), activation (activation rate, average onboarding time), retention (churn rate, CRR), revenue (MRR, ARPU), and referral (NPS, viral coefficient). These metrics will help track performance across the product lifecycle and identify areas for improvement.
The response includes a link to a wireframe dashboard that tracks these metrics.
The document introduces metrics for product analytics using the AARRR framework. It identifies key metrics for acquisition (CAC, CLV), activation (activation rate, average onboarding time), retention (churn rate, CRR), revenue (MRR, ARPU), and referral (NPS, viral coefficient). These metrics will help track performance across the product lifecycle and identify areas for improvement.
The response includes a link to a wireframe dashboard that tracks these metrics.
The document introduces metrics for product analytics using the AARRR framework. It identifies key metrics for acquisition (CAC, CLV), activation (activation rate, average onboarding time), retention (churn rate, CRR), revenue (MRR, ARPU), and referral (NPS, viral coefficient). These metrics will help track performance across the product lifecycle and identify areas for improvement.
The response includes a link to a wireframe dashboard that tracks these metrics.
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