Module 97: Product Development

Lesson 5 of 5 · 15–25 minutes

Measuring product success

🏠The everyday picture

A shop owner looks beyond the till total: how many people walked in, how many bought something, how many came back next month. Each number tells a different part of the story.

📘What it really is

🖱️Try it

Define the booking platform's north-star metric, a six-step funnel, and activation and retention measures. Add privacy-friendly event tracking for the funnel steps (no personal data in events), and build a simple dashboard. Using test or pilot data, find the step with the biggest drop-off and write one hypothesis and one experiment to improve it.

✅Quick check

What's a vanity metric?

Show the answer

A number that looks impressive but doesn't show real value, such as total sign-ups.

Why is retention often the most important metric?

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People coming back shows the product genuinely helps them.

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