Consider the Ratio of Feature Value to the Number of Users

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nusaiba129
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Joined: Tue Dec 24, 2024 3:58 am

Consider the Ratio of Feature Value to the Number of Users

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The value of some features can only be appreciated with a large and substantial product user base. Such features don’t have to be implemented from the go. Instead, they can be resurrected from your product roadmap for future iterations of the app when the right time comes.

Research Third-Party Services
When making your choice of features, you have to consider how much time it takes to implement them. For instance, you want your users to be able to message each other. You don’t have to make a chatting service from scratch. It will waste your time and resources.

There are many third-party chat services for iOS and Android that will take a very short interval of time to implement. Dedicate time to do some research to reveal the third-party services that will be of value to the app.

Use Metrics to Drive Your Roadmap
Professionalism demands that you define the primary key performance indicators at the earliest. It helps to determine which areas to focus upon to improve future versions of the app.

The nature of your app is the dependent factor. Your czech republic mobile database production stage, business type, and product type are determinants for your choice of key primary indicators. An MVP will be a pointer to what KPIs are of importance.

You have to take a business approach in deciding your choices of customer success metrics. Some of them are as follows:

Customer satisfaction
Increase in lifetime value
Adoption rates
Retention rates
Churn rate
Daily/Monthly active user
User growth
Acquisition costs
Average revenue per user
Return on Investment
From your MVP, the monitoring of the success metrics mentioned above, and subsequent reconciliation with your business plans and objectives of your product roadmap will help you understand how users interact with your product.
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