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USER RETENTION
IS THE NEW GROWTH
Raghav Kumar
Head of Customer Marketing
& APAC Marketing Lead
WHAT IS USER RETENTION?
#AShiftIsHappening
User Retention refers to the ability of a company or product to retain its
users over some specified period. High retention means customers of the
business tend to return to, continue to buy or in some other way not defect
to another product or business, or to non-use entirely
THE LEAKY BUCKET
PROBLEM IS REAL
Average User Retention
for Mobile Apps
%UsersStillActive
Days Since App Install
Source: Quettra, Andrew Chen
of users are lost
in the first 3 months
90%
THE REWARDS ARE WORTH IT
DIFFERENCE BETWEEN
WINNING & LOSING
67%
more revenue is what you
can expect from a repeat
customer compared to a
new customer
- INC
25x
more expensive to acquire
a new customer instead of
retaining your existing
base
- Harvard Business Review
75%
increase in profits you
can expect by increasing
your customer retention
rate by just 5%
- Bain & Company
Media &
Entertainment
Finance
Messaging &
Communication
Education
Media &
Entertainment
Food & Drink
Travel &
Hospitality
eCommerce
Health &
Fitness
EVERY INDUSTRY IS SHIFTING
THE BEST CONSUMER COMPANIES
IN THE WORLD ARE FOCUSED
ON USER RETENTION
90 million customers watching a combined
125 million hours of content everyday
91%
Retention Rate
Available in 65 countries, 89% retention rate for its
driver app and over 80% for its consumer app
By effectively collecting data and identifying users in
a better way, has seen
17% YoY Growth and a 30% M6 Retention Rate
WHAT DOES IT TAKE?
Common Silos today:
o Analytics platform independent from
Marketing Automation
o Different Marketing Automation tools
per channel
o Independent AB Testing
ELIMINATE
USER DATA
SILOS
1
o Monthly Retention Rate (RR)
o Key Conversion Rates (CRO)
o Lifetime Value (LTV)
ALIGN ON
THREE CORE
METRICS
2
3
ADOPT AN
EXPERIMENTATION
MINDSET If you double the number of
experiments you do per year you are
going to double your effectivity
– Jeff Bezos
CHOOSING YOUR MARTECH PLATFORM
Use behavioral,
psychographic, and RFM
insights to segment and
engage using right message
AI Based
User Segmentation
Bring all data together in a
single view to measure and
understand engagement
360o Customer
Data Platform
Connect with your users in
the preferred messaging
channel at the right time
Omni-Channel
Engagement
USER SEGMENTATION STRATEGIES
RFM Based
o Recency & Frequency of
use
o 10 distinct segments
o Champions/ Loyal users
vs. At Risk or Hibernating
users
o Awareness
o Interest
o Converted
AIC Framework
o Most Likely
o Moderately Likely
o Least Likely
Intent Based
ADOPTING A NEW WAY OF THINKING
A Unified Solution for User Retention
M OBILE & W EB
ANALYTICS
CRM / CDP
PLATFORM
M ARKETING
AUTOM ATION
OM NICHANNEL
M ARKETING AUTOM ATION
REALTIME ANALYTICS
& INSIGHTS
NATIVE UI
EXPERIENCES
AUTOMATED
USER SEGM ENTATION
AB TESTING
OLD VS.
PROVEN ACROSS INDUSTRIES
Helping Consumer Brands Retain their Users for Life
FINANCE
FOOD & DRINK
MEDIA & ENTERTAINMENT
TRAVEL & HOSPITALITY
1.5 Billion
Unique Devices Reached
150 Billion
User Data Points per Month
8000
Customers Globally
80 Billion
Messages Sent per Month
TELECOM ECOMMERCE
Improving User Retention
for a Record Breaking
10.3M Concurrent Users
CTRs using data
based insights
from Pivots
3X
Higher Average
Watch Time per
session
12%
• RFM Based Segmentation
• User Retention Cohorts
• Flows
SOLUTIONS
Retaining 5x More Customers
with Advanced User Insights
More users retained
with an improved
onboarding flow for
new users
5X
Inactive and churned
users re-engaged with
personalized
campaigns
70%
• User Activation & Retention
• Brand Recall
• Marketing Automation
SOLUTIONS
Rapid Growth & CLTV
Driven by RFM Based
Automated Segmentation
Higher Revenue and
LTV with RFM based
segmentation and
engagement campaigns
7%
Higher Engagement
with Onboarding
Campaigns on
CleverTap journeys
5%
• RFM Based Segmentation
• Personalized at Scale
• Journeys
SOLUTIONS
Maximizing Conversion Rates
with micro Segmentation and
detailed User Insights
Higher conversion rates
with Campaign A/B
testing and system
control testing
4X
Higher Engagement
with Onboarding
Campaigns on
CleverTap journeys
43%
• Real-Time User Insights
• RFM Based Segmentation
• A/B Testing & Control Testing
SOLUTIONS
NEXT STEPS
#startYourStory

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Retention is the New Growth

  • 1. USER RETENTION IS THE NEW GROWTH Raghav Kumar Head of Customer Marketing & APAC Marketing Lead
  • 2. WHAT IS USER RETENTION? #AShiftIsHappening User Retention refers to the ability of a company or product to retain its users over some specified period. High retention means customers of the business tend to return to, continue to buy or in some other way not defect to another product or business, or to non-use entirely
  • 3. THE LEAKY BUCKET PROBLEM IS REAL Average User Retention for Mobile Apps %UsersStillActive Days Since App Install Source: Quettra, Andrew Chen of users are lost in the first 3 months 90%
  • 4. THE REWARDS ARE WORTH IT
  • 5. DIFFERENCE BETWEEN WINNING & LOSING 67% more revenue is what you can expect from a repeat customer compared to a new customer - INC 25x more expensive to acquire a new customer instead of retaining your existing base - Harvard Business Review 75% increase in profits you can expect by increasing your customer retention rate by just 5% - Bain & Company
  • 6. Media & Entertainment Finance Messaging & Communication Education Media & Entertainment Food & Drink Travel & Hospitality eCommerce Health & Fitness EVERY INDUSTRY IS SHIFTING
  • 7. THE BEST CONSUMER COMPANIES IN THE WORLD ARE FOCUSED ON USER RETENTION
  • 8. 90 million customers watching a combined 125 million hours of content everyday 91% Retention Rate
  • 9. Available in 65 countries, 89% retention rate for its driver app and over 80% for its consumer app
  • 10. By effectively collecting data and identifying users in a better way, has seen 17% YoY Growth and a 30% M6 Retention Rate
  • 11. WHAT DOES IT TAKE?
  • 12. Common Silos today: o Analytics platform independent from Marketing Automation o Different Marketing Automation tools per channel o Independent AB Testing ELIMINATE USER DATA SILOS 1
  • 13. o Monthly Retention Rate (RR) o Key Conversion Rates (CRO) o Lifetime Value (LTV) ALIGN ON THREE CORE METRICS 2
  • 14. 3 ADOPT AN EXPERIMENTATION MINDSET If you double the number of experiments you do per year you are going to double your effectivity – Jeff Bezos
  • 15. CHOOSING YOUR MARTECH PLATFORM Use behavioral, psychographic, and RFM insights to segment and engage using right message AI Based User Segmentation Bring all data together in a single view to measure and understand engagement 360o Customer Data Platform Connect with your users in the preferred messaging channel at the right time Omni-Channel Engagement
  • 16. USER SEGMENTATION STRATEGIES RFM Based o Recency & Frequency of use o 10 distinct segments o Champions/ Loyal users vs. At Risk or Hibernating users o Awareness o Interest o Converted AIC Framework o Most Likely o Moderately Likely o Least Likely Intent Based
  • 17. ADOPTING A NEW WAY OF THINKING A Unified Solution for User Retention M OBILE & W EB ANALYTICS CRM / CDP PLATFORM M ARKETING AUTOM ATION OM NICHANNEL M ARKETING AUTOM ATION REALTIME ANALYTICS & INSIGHTS NATIVE UI EXPERIENCES AUTOMATED USER SEGM ENTATION AB TESTING OLD VS.
  • 18. PROVEN ACROSS INDUSTRIES Helping Consumer Brands Retain their Users for Life FINANCE FOOD & DRINK MEDIA & ENTERTAINMENT TRAVEL & HOSPITALITY 1.5 Billion Unique Devices Reached 150 Billion User Data Points per Month 8000 Customers Globally 80 Billion Messages Sent per Month TELECOM ECOMMERCE
  • 19. Improving User Retention for a Record Breaking 10.3M Concurrent Users CTRs using data based insights from Pivots 3X Higher Average Watch Time per session 12% • RFM Based Segmentation • User Retention Cohorts • Flows SOLUTIONS
  • 20. Retaining 5x More Customers with Advanced User Insights More users retained with an improved onboarding flow for new users 5X Inactive and churned users re-engaged with personalized campaigns 70% • User Activation & Retention • Brand Recall • Marketing Automation SOLUTIONS
  • 21. Rapid Growth & CLTV Driven by RFM Based Automated Segmentation Higher Revenue and LTV with RFM based segmentation and engagement campaigns 7% Higher Engagement with Onboarding Campaigns on CleverTap journeys 5% • RFM Based Segmentation • Personalized at Scale • Journeys SOLUTIONS
  • 22. Maximizing Conversion Rates with micro Segmentation and detailed User Insights Higher conversion rates with Campaign A/B testing and system control testing 4X Higher Engagement with Onboarding Campaigns on CleverTap journeys 43% • Real-Time User Insights • RFM Based Segmentation • A/B Testing & Control Testing SOLUTIONS

Hinweis der Redaktion

  1. https://andrewchen.co/new-data-shows-why-losing-80-of-your-mobile-users-is-normal-and-that-the-best-apps-do-much-better/
  2. By just retaining 10% of your users month-over-month, you get 15x multiplier on revenue << NEED TO MAKE THIS SLIDE BETTER Build this model and slide also properly 50% increase in retention should lead to some 100x increase in revenue >> Your retention strategy is how you maximize the profitability of each customer. For example, in this graph, each store has 100 customers buying a $10 item each month. The yellow store is retaining 5% of those customers each month, and the orange store is retaining 10%. The 2x increase can lead to rapid growth that is difficult to match with straight acquisition.
  3. https://neilpatel.com/blog/how-netflix-maintains-low-churn/
  4. https://www.quora.com/What-is-the-retention-rate-of-UBER-customers https://www.forbes.com/sites/briansolomon/2015/05/01/the-numbers-behind-ubers-exploding-driver-force/#781384365750
  5. https://www.cnbc.com/2019/06/06/stitch-fix-earnings-q3-client-growth-.html https://secondmeasure.com/datapoints/why-stitch-fix-isnt-like-blue-apron/
  6. because of these silos there are also team silos within organizations – often resulting in conflicting consumer experiences
  7. https://andrewchen.co/new-data-shows-why-losing-80-of-your-mobile-users-is-normal-and-that-the-best-apps-do-much-better/
  8. https://andrewchen.co/new-data-shows-why-losing-80-of-your-mobile-users-is-normal-and-that-the-best-apps-do-much-better/
  9. basically putting our CleverTap Retention Platform (the fitted in puzzle pieces) in the center of the slide, and all around the slide I want to put logos of all our partners but in some buckets. So an “attribution” bucket can have logos of Appsflyer, Adjust, Branch etc. that we integrate with; an Email bucket can have Sendgrid, Mandrill etc. logos; for some “data platform” bucket we can have Segment and MParticle logos, even for an “analytics” bucket we can have Amplitude, MixPanel etc. logos to show we can get data streaming in from these platforms also and more
  10. https://www.annexcloud.com/blog/21-surprising-customer-retention-statistics-2018/ https://www.emarsys.com/resources/blog/e-commerce-brands-need-retention-marketing/