[Product Success] How do you define the success of a product

Question 1

My definition

Answer 1

To me, the success of a product is measured by how well it balances user satisfaction, business value, and technical performance.

Question 2

On the business side:

Answer 2

the product must deliver measurable value. This could be through driving revenue, improving customer lifetime value, or expanding the company’s market share. For example, I’d track revenue growth, cost efficiency, and customers acquisition to ensure that the product is generating a return on investment.

Question 3

for the users side:

Answer 3

First and foremost, the product must solve a core problem for its users and create a delightful experience, which I typically assess through user satisfaction metrics like the the Net promoter score (NPS) and retention rates. If users love the product and continue to use it regularly, that’s a strong indicator of success.

Question 4

from a performance perspective:

Answer 4

the product should be reliable, scalable, and technically sound. Low downtime, quick load times, and minimal bugs are essential to keeping users engaged and the product sustainable.

Question 5

Long-term viability

Answer 5

it is important to regularly iterate and innovate to ensure the product stays competitive in the market and aligns with the company’s strategic goals, if a product is solving real user problems, creating busienss value, and performing well technically, I would consider it a success.