PM School - Defining Success Metrics for a product | Solving Metrics Questions in PM interviews

🔍 Root cause analysis and goal setting are the two types of metrics-based questions that are commonly asked in PM interviews. 📉 The difference between a goal and a metric is crucial in defining success for a product. 🎯 Clarifying the stage in the product life cycle is crucial for determining the goals and metrics to focus on in a product management interview. 🌟 A north star metric should align with the customer objective and what the company aims to achieve, marrying the two together for success. 📊 Understanding key user actions and encouraging or discouraging them is crucial for optimizing product metrics and success. 📊 It's always good to set metrics that actually have a time frame attached with them because in real life you really want to monitor how well your metric is performing either quarter and quarter or month on month. 📊 Measuring the total number of emojis, stickers, and gifs sent per user in a time period can provide valuable insights into user engagement with messaging platforms. 📈 Adding additional metrics, such as total number of downloads and signups, can provide a more comprehensive understanding of product performance.