Bonfire of the Vanity Metrics: Numbers You’re Still Using and Shouldn’t
Living beyond your means, spending energy merely to look successful and exaggerating your accomplishments are often a derivative of vanity metrics.
What numbers not to use:
- Pageviews
- New members
- Total members
- Unique visitors/visits
- Conversion Rate
- Percent Growth
- Conversion rate
- Twitter followers
- Facebook friends/likes
Instead measure:
- Measure success at your core business
- Show or directly relates to revenue
- Track real, indicidual customers
- Illustrate cause and effect
- Lead you to what to do next
The most important metrics:
- Measure revenue
- Measure sales volume
- Measure customer retention
- Measure relevant growth
Ivory Madison @ivorymadison
Read more: Lean Startup Conference 2012
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