MVP Success Metrics: How to Know if Your MVP is Working
Автор: Railsware Product Studio
Загружено: 2023-12-28
Просмотров: 348
Описание:
How to evaluate your minimum viable product results? Discover 7 core performance metrics that can help you track the MVP progress. Define your business strategy based on data, not on your gut feeling.
In this video, we explain the next business metrics to track when you launch an MVP:
❇️ user feedback
❇️ net promoter score (NPS)
❇️ monthly active users (MAU) / daily active users (DAU)
❇️ monthly recurring revenue (MRR)
❇️ customer acquisition cost (CAC)
❇️ activations
❇️ average revenue per user (ARPU)
Based on these key metrics, you can understand whether your minimum viable product was successful or not. If yes, product creators should move to the development and marketing stages. If not, product owners can pivot and focus on other solutions.
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