1. Understand
Bird's-eye view
- What is your current retention rate in term of revenue? - Pre Revenue
- What is your current retention rate in terms of users? - ~30%
- At what time period does your retention curve flatten? - Month 5
Microscopic View
- Which ICPs drive the best retention? - (Business Owners)
- What channels drive the best retention? - Organic & Google UAC
- What sub features or sub products drive the best retention? - Scanning
2. Define
- What are the top reasons your users churn? - One time use case
- What is the natural frequency of your core product? - 2-3 times in a week
- Do you have other sub products? What is their natural frequency like? - Yes, PDF viewer, merge pdf, pdf tools. 1-2 in a month
- Divide your churn reasons into voluntary churn and involuntary churn
Churn reasons
3. Segment
Have a detailed segmentation for voluntary churn users. Some starting points for segmentation are:
- Casual - One time usage(Scan a doc & share. These users uninstall once the job is done & few install when needed again)
- Products/Feature used - Scan feature only
4. Analyze and Experiments