The best way to measure the success of a product launch is the badge of the product of the day 😂😂 But seriously, in my opinion, the best metric is feedback from users which will give you a clearer picture of your product
@realvladgolub Absolutely! User feedback is key to truly understanding the success of your product launch. It offers valuable insights and helps you improve the product.
I think one of the most important metrics to track MRR, ARR, ACV, retention rate, customer satisfaction score, and conversion rate. Depends on what you set success for as well.
I think the best way to measure the success of a product launch is to have good feedback about your product and good trial that will lead to futur client maybe :)! I will let you know at the end of the week if @siit.io is happy about the launch!!
Depends on why you did it.
For instance, next week we're going with Argil after our first Product Hunt.
The goal is to determine if our horizontal play for No-Code AI-automated workflows makes sense for everyone or not.
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Find out if any specific niche verticals wish to use our product.
That's why we're launching, if we cant have feedback for both then we're good :)
I think the most important thing is to set the goals BEFORE the launch so you have objective measures rather than trying to define the KPIs based on the metrics.
I personally think the success can be measured by visits from the link shared on product hunt along with how much feedback do you get about your product.
It's not about getting comments from your existing users but from new users that you potentially converted out of it!
This is our first launch! So right now our hope is our supporters will review us and help us get traction. And if we see new users in the coming days and weeks we'll be over the moon.
Check us out and see if we get it right the first time! https://www.producthunt.com/post...
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For me, if users are genuinely signing up for your product - that's the metric I would choose. Once they do, they will leave you with feedback for sure. They can't leave a feedback, if they haven't used it.
First of all it is needed to ask yourself what are your expectations after the definite launch? What a success will mean for you. Of course, there are a lot of generic marks of success, like huge media coverage and "buzz", a lot of referral traffic, great feedback and lifetime value...
But the thing is in numbers, as for one business 10 referrals are considered a big success while for another 1000 are not enough.
Track the following:
1. User acquisition or revenue
2. Product feedback
The first will give you an idea if you are solving an actual problem. The second will ensure you get to solve that problem for a long time.
1) PH ranking
2) Reviews
3) Website traffic
4) CTA - This could be scheduling a demo call, joining a waitlist, subscribing to the newsletter, etc.
5) Installs if it's an application.
There could be more and it would vary based on the product.