Startup Professionals Musings

DECEMBER 17, 2013

For starters, here is my selection of some key metrics that every six-sigma joint like GE tracks without thinking, but that too many small businesses haven’t yet formalized: Sales revenue. Sales data needs to be correlated to advertising campaigns, price changes, seasonal forces, competitive actions, and other costs of sales.

Metrics 252

Metrics Technical Review Retention Acquisition 252

ConversionXL

JUNE 5, 2014

Has your company’s customer retention rate increased, decreased or remained status quo over the past five years? Have you outlined and initiated a formal customer retention strategy? In a study by Harvard Business School , it was found that increasing customer retention by even 5% can increase profits between 25-95%.

Retention 115

Retention Customer Developer Programming 115

ConversionXL

JUNE 5, 2014

Has your company’s customer retention rate increased, decreased or remained status quo over the past five years? Have you outlined and initiated a formal customer retention strategy? In a study by Harvard Business School , it was found that increasing customer retention by even 5% can increase profits between 25-95%.

Retention 105

Retention Customer Developer Programming 105

Startup Professionals Musings

FEBRUARY 6, 2019

Customer retention with churn modeling. Every business wants to predict which customers are about to leave, and for what reasons, so they can target their retention efforts. Without predictive targeting, a retention campaign may cost more than it gains. Political campaigning with voter persuasion modeling.

Analytics 177

Analytics Retention Social Media Campaign 177

ConversionXL

JUNE 5, 2014

Has your company’s customer retention rate increased, decreased or remained status quo over the past five years? Have you outlined and initiated a formal customer retention strategy? In a study by Harvard Business School , it was found that increasing customer retention by even 5% can increase profits between 25-95%.

Retention 98

Retention Customer Developer Programming 98

VC Cafe

SEPTEMBER 5, 2012

1) It all starts from the Growth Hacking Funnel - in the early stages, startups should not just focus on top/bottom line metric like unique users and revenue. They should understand the different states of the user (Acquisition, Activation, Retention, Revenue) and focus on moving users from one state to the next. like/+1/follow?

API 167

API Viral Startup Retention 167

ConversionXL

OCTOBER 16, 2022

By meeting buyers’ post-purchase needs , you’ll improve customer retention. Where marketing drives brand awareness, customer acquisition drives conversions and sales to generate revenue. Data-driven strategies focused on ROI over revenue win the customer acquisition game. The marketing cost for the campaign totaled $122.50.

Acquisition 129

Acquisition eCommerce Customer Churn Rate 129

ConversionXL

SEPTEMBER 1, 2020

Meaning: C = Customers (traffic x conversion rate) CLV = Customer revenue – (CAC + cost of serving that customer) CAC = Customer Acquisition Cost G = Growth. The formula weans businesses from an obsession with traffic and instead focuses on increasing customers that generate the most revenue with the lowest acquisition and maintenance costs.

Customer 132

Customer SMS Retention Acquisition 132

ConversionXL

FEBRUARY 3, 2022

It’s why Canva can call itself a multibillion-dollar platform and how ConvertKit pulled itself up to compete with goliaths like MailChimp and Campaign Monitor. Where campaigns to build brand awareness and generate top-of-funnel sales drive traditional marketing, data across the entire customer lifecycle drives growth hacking in marketing.

Retention 113

Retention Marketing Acquisition Channel 113

Both Sides of the Table

APRIL 26, 2016

PR and non programmatic marketing often have a lagging affect so if you ran a big out-of-home marketing campaign that created brand awareness you may find that conversion actually takes place 60–90 days later. In SaaS (or any recurring revenue business) this is also a very difficult task. What is the LTV?

Metrics 150

Metrics Cost Acquisition Startup 150

ConversionXL

FEBRUARY 3, 2022

No changes were made to the customer journey, and it had nothing to do with revenue lift. Yet, this was a successful growth marketing campaign. It isn’t about finding quick hacks to boost short-term revenue. If your campaign works and your brand awareness metrics improve, you win.

Framework 102

Framework Marketing Acquisition Retention 102

ConversionXL

FEBRUARY 3, 2022

In this article, you’ll learn how to build a marketing growth strategy to increase your market penetration, market share, and revenue. Building new revenue streams in an untapped channel, like content marketing or email marketing. Design a marketing growth strategy that increases market share and revenue. New customer segments.

Marketing 115

Marketing Framework Metrics Channel 115

Up and Running

FEBRUARY 18, 2021

We’ll cover the following strategies: Retargeting and remarketing Partner programs A/B testing Customer retention Automated processes. Finally, we can create ad campaigns that target those trial users who didn’t convert but whose purchase prediction score makes them promising candidates for purchasing the product later on.

Acquisition 127

Acquisition Cost Affiliate Customer 127

ConversionXL

FEBRUARY 12, 2019

The second relies on retention. Cohort analysis can be done for revenue, churn, viral word of mouth, support costs, or any other metric you care about. By campaign of first order. We had a client selling personalized jewelry who discovered through a retention analysis that 40% of his products didn’t drive any repeat purchases.

Retention 126

Retention Analytics Campaign eCommerce 126

ConversionXL

SEPTEMBER 9, 2021

Because of this, it spans two objectives: Turning customers into advocates Improving customer retention. Improve retention Improve consumer perception Sentiment, testimonials, reviews, customer support and service response time, etc. Brand consistency can increase revenue by 33% , as it connotes familiarity and builds trust.

Social Media 142

Social Media Media Developer Marketing 142

ConversionXL

AUGUST 21, 2014

This equates to a loss of revenue, which requires more and more signups from new customers just to replace what you are organically losing every month. I have seen this happen at a few startups I’ve worked with by expanding revenue from the current product, plus up-sell and cross-sell opportunities , but that will be a future post.

Retention 106

Retention Churn Rate Metrics Software Review 106

A Smart Bear: Startups and Marketing for Geeks

OCTOBER 17, 2011

“LTV” means “the total revenue you’ll get from a customer over its lifetime.” ” For a simple subscription business model the formula is easy to write but hard to compute : [LTV] = [monthly revenue] × [number of months in lifetime]. So total expected revenue is $RN/ p. so expected months is 20.

Business Model 245

Business Model Metrics Engineer Technical Review 245

Startup Professionals Musings

FEBRUARY 18, 2016

Customer retention with churn modeling. Every business wants to predict which customers are about to leave, and for what reasons, so they can target their retention efforts. Without predictive targeting, a retention campaign may cost more than it gains. Political campaigning with voter persuasion modeling.

Analytics 120

Analytics Retention Social Media Campaign 120

ConversionXL

AUGUST 13, 2019

It’s common for companies to put a revenue figure on what it means to be successful in SaaS. But only 400 software companies have made it to the $500M revenue mark. Chances are you’ve been told to focus on metrics like: Monthly Recurring Revenue (MRR); Lifetime Value (LTV); Customer Acquisition Cost (CAC).

Metrics 117

Metrics SQL Retention Churn Rate 117

The Startup Magazine

AUGUST 2, 2018

We help them to increase user retention via clear and simple loyalty schemes. Tsewang: That also came from realising that although many venues have databases of tens of thousands of e-mails coming from different sources, it needs to be analysed and time invested to convert it into additional revenues.

Technical Review 26

Technical Review Startup Revenue Cofounder 26

ReadWriteStart

JANUARY 25, 2020

For most online vendors, this new revenue model was a significant change in the way brands set advertising campaigns. It’s during the rise of this revenue model; banks found a way to increase their presence by pushing development in online payment gateways like Paypal, VISA, etc. This is where customer retention comes into play.

eCommerce 152

eCommerce Technical Review Social Media Analytics 152

Occam's Razor

SEPTEMBER 15, 2014

The post is written in these six steps: Step 1: Tag every shared link with campaign tracking parameters. Step 1: Tag every shared link with campaign tracking parameters. In Google Analytics there are five parameters: Source, Medium, Campaign, Term and Content. Transactions, Revenue and Ecommerce Conversion Rate.

Analytics 143

Analytics Metrics Mobile DC 143

YoungUpstarts

NOVEMBER 28, 2013

Research by Bain & Co for Harvard Business Review, which looked at the costs and revenues associated with servicing customers, found that increasing customer retention by 5% could increase profits by between 25% and 95%. This information can then be used to target future marketing campaigns. Seek feedback.

Customer 174

Customer Technical Review Retention Social Network 174

ConversionXL

AUGUST 24, 2015

Why Gamify Customer Retention? We borrow the mechanics of traditional games and apply them to uncommon concepts, like customer retention. A study in the Harvard Business Review noted that increasing customer retention by 5% can generate a 25%-95% increase in profit. But how can we use it to retain more customers? Image Source.

Retention 48

Retention Customer Software Review Technical Review 48

ConversionXL

SEPTEMBER 13, 2018

You’ll be able to see which acquisition channels are best for long-term retention or lifetime value, not simply those that drive initial conversions. In the words of hundreds of reviewers, Google Analytics was essential to “identify channels,” “track campaigns,” and monitor “traffic flow.”. Engagement, conversion, and retention.

Analytics 119

Analytics Technical Review Acquisition Retention 119

ConversionXL

NOVEMBER 22, 2022

They allow you to create and optimize campaigns based on actionable evidence rather than intuition. Customer Lifetime Value: Learn how to increase retention Where to track customer lifetime value Conclusion. Digital marketing metrics are values that are used to track and measure campaign performance.

Metrics 105

Metrics Analytics Marketing Acquisition 105

ConversionXL

OCTOBER 4, 2022

Since 2015, clothing brand ASOS has grown revenue by an average of 22% year over year. Run retargeting campaigns that convert with personalized discounts 6. What do their email campaigns look like? It’s critical to nurture the brand-buyer relationship to increase customer retention. How are they representing themselves?

eCommerce 129

eCommerce Marketing Social Media Retention 129

ConversionXL

APRIL 3, 2018

mobile is ~50% of revenue, shorter form works better. They used humor – created a Chief Discount Officer’ – CDO – ‘humor to sell a deal’ campaign that included multple emails and direct mail. Tara Robertson – How to 10x Growth by Optimizing Customer Marketing & Retention. Start with retention.

Retention 106

Retention Artificial Inteligence Channel Email 106

ConversionXL

OCTOBER 14, 2021

Are your campaigns driving conversions? To give context, compare market share changes with objective measures such as changes in total industry spending and company revenue, and strategic changes. With data in hand, they were able to design hyper-targeted branding campaigns to influence key goals and drive audience growth by 20%.

Metrics 157

Metrics Marketing Campaign Audience 157

crowdSPRING Blog

NOVEMBER 30, 2012

Campaigns | NYT FiveThirtyEight – [link]. The Biggest Problem in Mobile: Retention – [link]. The Biggest Problem in Mobile: Retention – [link]. Red All Over: Newspaper Revenues Fall In Q3 – [link]. Campaigns | NYT FiveThirtyEight – [link]. Your Brand is What You Do – [link].

Social Media 100

Social Media Small Business Central African Republic Design 100

Hearpreneur

DECEMBER 14, 2022

It could be more revenue, hiring clients, or launching a new product or service, but every new year is an exciting time because it’s ripe with opportunity. In order to achieve this goal, I plan to focus on growing the business by increasing revenue and profits while maintaining an emphasis on providing high-quality products or services.

Entrepreneur 113

Entrepreneur Retention SEO Employee 113

SoCal CTO

OCTOBER 5, 2010

10 Tips for Adding Game Mechanics to a Non-Gaming Service - ReadWriteStart , September 21, 2010 Game mechanics have become a popular way of increasing user engagement and pushing user adoption, referral and retention, and many startups have sought ways to incorporate game mechanics into their sites. Why You Should Write. Status / reputation.

Technology 191

Technology Product San Francisco CTO Hire 191

ConversionXL

OCTOBER 4, 2021

We’ll also break down the main elements of high-performing emails to show you how to drive action from your campaigns. Building loyalty starts with what you do post-purchase and continues with retention emails. Strategy is the big picture thinking that drives email marketing campaigns. Customer journeys are rarely linear.

Email 136

Email Customer Marketing Software Review 136

ConversionXL

JANUARY 26, 2017

Though the remaining 58% understand the importance of customer loyalty and retention, they may find it difficult to execute and analyze customer happiness and conversion campaigns. The revenue implications of a strategically crafted receipt are huge too. Here’s the data… Image Source. increase in open rate, a 64.7%

Retention 48

Retention Email eCommerce Software Review 48

The Startup Magazine

JANUARY 17, 2021

In the end, it all comes down to the success of your marketing campaigns. While measuring the sales revenue, it might take time to figure out those marketing parts that yield sales. If this KPI’s value is low, the revenue generated will be greater than the expectations. CUSTOMER RETENTION RATE . SALES GROWTH.

.Net 93

.Net Metrics Retention Revenue 93

ConversionXL

JULY 28, 2021

Revenue prediction: The predicted revenue from purchases in the next 28 days from users active in the previous 28 days. . Using this data, you can anticipate customer actions and tailor marketing campaigns to focus on high-value audiences. . Use snapshots to quickly view top campaigns, pages, and traffic sources.

Analytics 146

Analytics Artificial Inteligence eCommerce Audience 146

ConversionXL

SEPTEMBER 10, 2018

You’ll optimize your marketing campaigns for that low lifetime value and end up switching off campaigns that were actually making a profit, reducing sales and growth. Among the bigger companies we serve, many want to grow rapidly month-on-month and ask internal marketing teams to focus 100% of their time on one-off marketing campaigns.

Metrics 132

Metrics Campaign Channel Advertising 132