hi, Anthony here! In this newsletter, I curate insights on how to build great products. Youâll improve your product skills with every issue.
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(Insight from Pendoâs ProductCraft Blog)
When measuring data for your product, youâll probably make these 5 mistakes:
đ Not measuring real engagement
đ Ignoring qualitative feedback
đŁ Relying too much on your loudest customers
đ Focusing too much on downstream metrics
đ¤ Measuring too many things
Let me explain a bit further.
Why you might do this:
There are tons of easy (read: lazy) metrics to measure (total users, raw page views, downloads).
Why you shouldnât do this:
Just because itâs easy to track doesnât mean itâs actionable or tells you whether users are getting value from your product.
What you should do instead:
Look less at âtotal metricsâ and more at âfrequency metricsâ. (For example: how often do they use the product after signing up? How often do they use features X, Y, and Z?)
Why you might do this:
Staring at dashboards of product usage data is a lot easier and cheaper than talking to customers.
Why you shouldnât do this:
That data often lacks important context â it lacks the âwhyâ of certain behavior youâll see on graphs and charts.
What you should do instead:
Talk to users!
Why you might do this:
Itâs tempting to always reach out to them since theyâll happily provide feedback.
Why you shouldnât do this:
They often donât represent the majority of users â For ex: they might be so vocal because theyâre using your product for unintended edge cases (so theyâll need more support).
What you should do instead:
Actively reach out to your less vocal users to get holistic data so you can make more informed decisions.
Why youâll do this:
Downstream metrics, like revenue, are easy to track.
Why you shouldnât do this:
When a customer churns, just seeing â-$Xâ isnât an actionable metric for understanding why they left or how to fix the problem.
What you should do instead:
Along with revenue, track more upstream metrics around user engagement within shorter time periods â For ex: Login frequency. If you see that a user logs in less and less over a 30 day period, you can reach out early to see why.
Why youâll do this:
With so much potential data to track, why not track them all?
Why you shouldnât do this:
âAnalysis paralysisâ kicks in.
Thereâs no point in collecting data for dataâs sake.
What you should do instead:
Collect the most essential metrics first then collect more as you realize which metrics provide actionable insight and which donât.
Once a metric stops being helpful â stop collecting it.
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Have a great day,
Anthony
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