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Analytical capability: Possessing Excel or SQL skills to extract data and gather insights on experiments to make better decisions. In the retention phase, measure these performance metrics: Retention rate vs. churnrate Customer churn Net Promoter Score Email open rates Email click-through rate.
The ChurnRate allows us to estimate the satisfaction level of our paid users. Here’s a link to a ProfitWell blog post sharing four different formulas to calculate churn.) If your churnrate is increasing, you can revisit your retention strategy, perform customer interviews , or even revisit your pricing structure.
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).
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