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One question that keeps coming up when speaking with early stage entrepreneurs when it comes to funding, is what metrics the company needs to hit to raise seed/series A/B etc: What’s a good conversionrate? Is my churnrate below the category average? What should our MRR growth be? Source: The SaaS Napkin.
Back in 2016, I read a book called Sprint by Jake Knapp, founder of Google Ventures. My agency wouldn’t have expanded beyond digital PR if it weren’t for early client conversations. Churnrate was high for a service that many organizations saw as a “nice to have.” And so, the concept for a digital PR service was born.
Desktop user onboarding flows introduce you to a task management tool, a conversion research SaaS, etc. In fact, mobile app revenue for 2016 is estimated at $58 billion. A trial-to-paid conversionrate or mobile user-to-customer conversionrate type metric is a good start. 5 Ways to Onboard New Users.
When we talk about conversion optimization , much of the strategies remain the same across industries. That said, there are some key differences in how experts approach SaaS conversion optimization. Reducing churnrate. Making sure the leads are appropriate for your offer. Measuring and optimizing in-product activity.
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