42. How To Measure Success In Your Product

Key learning notes from this episode:

• A product is a solution to a problem someone is experiencing. The goal of your product is to solve that problem.  
• Different products focus on different metrics, because they are solving different problems. For example, Airbnb measures the number of nights booked, but Facebook focusses on daily active users. 
• Product goals are not the same as business goals. Business goals relate to money, product goals relate to solving a problem. It is then up to you to figure out how to make money from solving the problem, and thus link product metrics to business metrics.

 

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