-
Thereâs an important difference between revenue and retention
Revenue retention is down to people paying for your product. User retention is about them using it. Revenue is too chunky a measure to do anything useful with. If you have monthly subscriptions, youâll get one data point a month. Yearly contracts only make this worse.If people donât use your product, they might still pay you.…
-
Thinking about retention from day one
A friend of mine is starting a business around personalised yoga instruction on Zoom. He called me up and asked if retention is something they should be thinking about this early in the game.My answer was YES. On the one hand, working on retention makes more sense when you have at least a year of behavioural data.…
-
Understanding why people leave
Most teams wait till people stop using their app before asking them why they left. This makes sense. You can always improve your chances of getting responses if you speak to people before they leave. You just have to ask them why theyâre using your product less.This involves investing in analytics that helps you understand how…
-
What to do when people stop using your app
When measuring Churn, itâs important to understand if people are leaving because they couldnât use your product, if they didnât like it, or if youâre just dealing with happy churn. Happy churn is when someone reaches the end of the rainbow. They no longer need your product because theyâve dealt with their problem. Happy cows will…
-
How to measure retention
The best way I’ve found to measure retention is to plot a retention curve.A curve shows you the average number of people that come back and use your product over time. ï»żï»żBefore you can build a curve you have to define what âusing your appâ means. If you do rideshare it’s probably booking a cab,…