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Introduction
Measuring the success of Patreon's core feature requires a comprehensive approach that considers multiple stakeholders and metrics. To address this product success metrics challenge, I'll follow a structured framework covering core metrics, supporting indicators, and risk factors while considering all key stakeholders.
Framework Overview
I'll follow a simple success metrics framework covering product context, success metrics hierarchy.
Step 1
Product Context
Patreon's core feature is a platform that enables creators to receive financial support from their fans through recurring monthly payments. Key stakeholders include creators, patrons, and Patreon itself.
The user flow typically involves:
- Creators set up their Patreon page and define membership tiers
- Fans browse creator pages and choose to become patrons
- Patrons make recurring payments and receive exclusive content/perks
- Creators engage with patrons and deliver promised benefits
This aligns with Patreon's strategy of empowering creators to build sustainable businesses around their work. Compared to competitors like Ko-fi or Buy Me a Coffee, Patreon focuses more on recurring support and building long-term creator-fan relationships.
Patreon's core feature is in the growth stage of its lifecycle, with established market presence but still room for expansion and refinement.
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