This was originally posted on Quora, Inside the Product, on 2/9/2013.
A friend recently introduced me to Tinder, a new(ish) mobile dating app by IAC’s Hatch Labs. The concept is simple and reminiscent of HotOrNot. Login with Facebook and instantly begin flipping through profiles of nearby women (or men). Swipe to the left to reject, right to like. Once two people mutually “like” each other, a private chat is started.
Tinder is fueled by variable rewards. Every profile you view “could be the one”. For every profile you like, there’s an opportunity to get connected. The more profiles you “filter”, the more invested you become as your probability of being connected with someone increases.
Ultimately Tinder’s goal and one metric that matters is the number of people connected. This is driven by the following high-level metrics:
(# of profiles viewed) x (# of profiles liked) x (% of mutual likes)
Everything Tinder does should be designed to improve these three metrics. Here are some initial ideas to improve each of these these metrics:
Increasing: Number of Profiles Viewed
Increasing: Number of Profiles Liked
Increasing: Percentage of Mutual Likes
There’s More to the Story
Of course I’m not recommending Tinder focus solely on those three metrics. There are several others that support these goals such as:
Number of profiles viewed - network response time, number of crashes, number of people using the app
Number of profiles liked - percentage of profiles with a “complete” profile, average user attractiveness
Percentage of mutual likes - number of profiles views where one person likes the other
You might visualize the relationship between these metrics as a bonsai tree with several carefully cultured branches, all connecting to the trunk - number of connected people (the one metric that matters).
What is your one metric and what metrics do you look at when designing your product? Let me know in the comments or on Twitter (@rrhoover).