Retention is KingUsers that stick around from one time period to another.
“How do we acquire more users?”
“How do we get better at keeping the users we
already have?”
“The process in which you convert new users who don’t care about your site into recurring users that are loyal and continually drive page-views.”
!
— Andrew Chen
5 reasons why retention is important
Leaky buckets don’t need more water. They need
their holes fixed.
#1
Activated members are like super-high quality leads.
#2
Increasing your retention by 20% is the same as increasing
your overall traffic by 20%
#3
People that have been retained for long periods of time are more likely
to evangelize for your product.
#4
An increase in retention increases the lifetime value
of the customer (LTV)
#5
Add features, Kill features
Get in touch with at-risk customers
Conclusion: Make them happy :)