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Product Management Success Metrics Question: Evaluating Target's suggested items feature performance and impact on revenue
Image of author vinay

Vinay

Updated Nov 15, 2024

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Target online is launching a new feature to show suggested items when a person is on a product page online. What will be the launch metrics?

Product Success Metrics Medium Member-only
Metric Definition Data Analysis Strategic Thinking Retail E-commerce Digital Marketing
User Engagement Personalization E-Commerce Product Metrics Revenue Optimization

Introduction

Launching a suggested items feature on Target's online product pages is a strategic move to enhance the shopping experience and drive sales. To effectively measure the success of this launch, we'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, and strategic initiatives.

Step 1

Product Context

The suggested items feature on Target's product pages aims to provide personalized recommendations to shoppers based on their browsing history, purchase patterns, and the current item they're viewing. This feature is designed to increase average order value, improve customer satisfaction, and boost overall sales.

Key stakeholders include:

  • Customers: Seeking a convenient shopping experience and relevant product discoveries
  • Target's e-commerce team: Focused on increasing online sales and customer engagement
  • Marketing team: Interested in cross-selling and upselling opportunities
  • Data science team: Responsible for developing and refining the recommendation algorithm

User flow:

  1. Customer lands on a product page
  2. They view product details and consider purchase
  3. Suggested items appear in a dedicated section, showcasing related or complementary products
  4. Customer can click on suggested items to view more details or add to cart

This feature aligns with Target's broader strategy of enhancing its digital presence and providing a seamless omnichannel experience. It competes directly with Amazon's "Customers who bought this item also bought" feature, aiming to match or exceed its effectiveness.

Product Lifecycle Stage: This is a growth-stage feature, building upon existing e-commerce infrastructure but introducing new functionality to drive increased engagement and sales.

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