Title: Measuring the Value of Your Product | Phase2 Technology
Headings: Measuring the Value of Your Product
Measuring the Value of Your Product
Measuring Value by Profit
Measuring Value by Market Position
Measuring Value by Utility
Measuring Value through Customer Perception
Defining Value Collaboratively
Define Value Based on What Matters to You
Metrics to Start With
Revenue
Cost Savings
Customer Acquisition
Customer Retention
User Engagement
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Tags:
Application Development

Content: In addition to measuring churn, also gather qualitative and/or quantitative feedback to understand how your customers perceive your product. User Engagement
If customers are using your product, and using it frequently, that speaks volumes about the value it delivers. Companies such as Facebook and Evernote look at customer engagement as a metric of success. This data is also invaluable in informing how to enhance your product over time. Get Started Today
Understanding the value your product is delivering to your business and customers is paramount to demonstrating its success. If you have yet to start measuring value, start small by measuring a few of the metrics listed above. Direct from our brains to your inbox
Tags: Application Development
Application Development Riche Zamor
Director, Strategy
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