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How to create KPIs
- Ensure you learn IxDF-wide Objectives and KPIs LessonItem.
According to AARRR framework, there are the following steps:
- Acquisition: How do users find you? SEO, social media, signups.
- Activation: Do users have a good first experience? Doe uses see the long-term value of your product? Everything after signup or a payment.
- Retention: Do users come back?
- Referral: Do users tell others?
- Revenue: Do we monetize those users?
Each of them can be improved, and thus we can build KPIs for them (incl. dev team).
Team-wide KPIs
- For each IxDF-wide Objective and KPIs, each Team needs to contextualize, adapt, and provide further granularity to a given IxDF-wide Objective and KPIs.
Individual KPIs
Each Team Member should contextualize, adapt, and provide further granularity to both IxDF-wide Objectives and KPIs as well as the Team-specific Objectives and KPIs.