Product Management playbook/Module 5 · Metrics

Day 46 / 100 · Metrics · Vanity metrics

Numbers that feel good and change nothing.

If a number always goes up and never changes a decision, it's there to make you feel good, not to help you steer.

Vanity metrics

Feel Good

  • Total registered users
  • Page views
  • App downloads
  • Features shipped

Actionable metrics

Drive Decisions

  • Active users, by cohort
  • Conversion at each step
  • Retention over time
  • Time to first value

The test:

if this number changed tomorrow, what would we do differently? If the answer is “nothing”, it's vanity.

Source: Eric Ries guest post on tim.blog ↗

If it can’t change a decision, it’s decoration.