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Saturday, February 9, 2008

4 attributes of a great metric according to avinash

1. simple

2. relevant

3. timely

4. instantly useful

example of a great metric: bounce rate
simple, tells you where you are wasting marketing dollars, which pages suck

3 important final lessons...

1. perfection is the enemy of good enough
90% is good enough. follow best practices, then move on. an educated mistake is better than no action at all.

2. critical few
which 3 metrics define your existence?

3. metrics life cycle
define -> measure -> analyze -> action -> improve or eliminate
do this once a quarter

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