What are the metrics for product performance?

Asked 2 years ago

Hey, I need to measure my products' performance. What metrics or KPIs should I be using?

Product performance
Product performance analytics
Product metrics
Ecommerce metrics

Deegan Giles

Sunday, February 27, 2022

The following two metrics are essential that you should use to track your product performance:

  1. Financial Metrics: These are the most common and widely used metrics by businesses to determine their financial position. It shows your financial gains, like how much money you make in a given period. It also helps to predict future earnings. Monthly Recurring Revenue (MRR) and Average Revenue Per User (ARPU) fall under this category.
  2. Measure Product Popularity Metrics: These metrics come in handy when you want to determine the sensation of your product with your users. Two key metrics in this category are the number of sessions per user and the number of actions of users per session.

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