42. How To Measure Success In Your Produc‪t‬

business strategy product management Apr 14, 2021

If you don’t where you’re going, you’re not going to get there. Having a key goal in your product means you can lead a team, track your progress and invest wisely. 

Whether you're funding a product or building one, listen to this episode to learn how to set your product goal.

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.

 

If you want to transition into tech, but you are not sure how, join Sophia's FREE masterclass on How To Transition Into A Career In Tech on 26 April 2021.

You will see five different case studies of successful career transitions and get the chance to ask your questions live. 

 

 

Listen here on Apple Podcasts

Listen here on Spotify.

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