Metrics question

Imagine Facebook doesn't have any marketplace product and you have been tasked to build it. What is your mission, goal and success metrics?

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What this question tests

Zero to one product strategy: defining mission, goal, and metrics in the right order for a brand new business line.

How to approach it

  1. Mission: state the purpose in user terms, help people buy and sell locally within their trusted Facebook community, distinct from Craigslist or eBay's anonymous model.
  2. Goal: pick one strategic focus for the first year, like becoming the default place Facebook users go for local secondhand commerce.
  3. Users: local buyers and sellers, especially casual sellers who already post items for sale in Groups today.
  4. Success metrics: transaction volume (or listing to contact rate if payments are not yet built), and repeat seller rate.
  5. Guardrail: trust and safety, since local commerce with strangers carries scam and safety risk that must be designed for from day one.
  6. Sequence: launch listings and discovery first, defer in-app payments and shipping until trust in the core experience is proven.

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