How to choose the right metrics

Focus on metrics that drive decisions and reveal bottlenecks. Avoid vanity metrics that look good but don't help you grow.

Introduction

Not all metrics matter. Tracking everything creates noise. Tracking nothing leaves you blind. The right metrics illuminate what's working, what's broken, and where to focus next. Each growth engine has 3-4 core metrics that compound together. Engaged sessions, conversion rates, deal sizes these drive revenue. Page views, followers, and email opens don't. Choose metrics that connect directly to growth, not just activity.

Understand the 12 core growth metrics

HubSpot

HubSpot

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All in one CRM with marketing, sales and service, strong when you want one system that teams adopt.

Google Analytics

Google Analytics

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Web analytics that tracks user behaviour and conversions, essential for understanding traffic and lead sources when configured well.

Looker Studio

Looker Studio

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Free dashboard tool that pulls data from many sources, great for quick reports and shareable views.

Databox

Databox

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59

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Dashboard tool with fast connectors and scorecards, ideal for exec views and alerts when you need speed over deep modelling.

Notion

Notion

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12

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Flexible workspace for docs, wikis, and lightweight databases ideal when you need custom systems without heavy project management overhead.

Identify vanity metrics to stop tracking

Choose metrics that fit your current stage

Build a measurement framework per engine

Conclusion

Related tools

HubSpot

Rating

Rating

Rating

Rating

Rating

From

45

per month

HubSpot

All in one CRM with marketing, sales and service, strong when you want one system that teams adopt.

Google Analytics

Rating

Rating

Rating

Rating

Rating

From

0

per month

Google Analytics

Web analytics that tracks user behaviour and conversions, essential for understanding traffic and lead sources when configured well.

Looker Studio

Rating

Rating

Rating

Rating

Rating

From

0

per month

Looker Studio

Free dashboard tool that pulls data from many sources, great for quick reports and shareable views.

Databox

Rating

Rating

Rating

Rating

Rating

From

59

per month

Databox

Dashboard tool with fast connectors and scorecards, ideal for exec views and alerts when you need speed over deep modelling.

Notion

Rating

Rating

Rating

Rating

Rating

From

12

per month

Notion

Flexible workspace for docs, wikis, and lightweight databases ideal when you need custom systems without heavy project management overhead.

Related wiki articles

North Star Metric

Choose one metric that best predicts long-term success to align your entire team on what matters and avoid conflicting priorities that dilute focus.

Key Performance Indicator (KPI)

Select metrics that reveal whether you're achieving strategic goals to track progress and identify problems before they become expensive to fix.

Pirate metrics

Track your user journey through Acquisition, Activation, Retention, Referral, and Revenue to identify which stage constrains growth most.

OMTM (One Metric That Matters)

Focus your entire organisation on the single metric that best predicts success at your current growth stage, avoiding distraction and misalignment.

Annual Recurring Revenue (ARR)

Track predictable yearly revenue from subscriptions to measure business scale and growth trajectory in B2B SaaS and recurring revenue models.

Monthly Recurring Revenue (MRR)

Track predictable monthly subscription revenue to monitor short-term growth trends and make faster decisions than waiting for annual revenue reports.

Lead capture rate

The percentage of engaged website visitors who submit their contact information and become leads.

Churn rate

Measure the percentage of customers who stop paying to identify retention problems and calculate the true cost of growth in subscription businesses.

Net Revenue Retention (NRR)

Track revenue growth from existing customers through expansion and contraction to prove your product delivers increasing value over time.

Customer Acquisition Cost (CAC)

Calculate the total cost of winning a new customer to evaluate marketing efficiency and ensure sustainable unit economics across all channels.

Further reading

Monthly review

Monthly review

Focus on metrics that drive decisions and reveal bottlenecks. Avoid vanity metrics that look good but don't help you grow.