Measure Product Success Using AARRR Framework for Product Metrics !
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📊 The concept of metrics is crucial in determining the success of a solution, especially in business and entrepreneurship. 💡 A customer will know that a product is great when they place an order, figure out the restaurant and dish, and eventually receive the order, realizing the quality of the food was good. 📈 Facebook's activation strategy involved making seven friends in three days to realize the value of the product. 🔄 Retention comes from the user discovering something truly valuable, like a 50% discount on flight tickets, leading them to come back automatically. 💰 If a product is making you happy, you will start referring it to others, leading to revenue and referral happening in parallel.
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