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Medial • 6m
Churn Rate Explained Suppose you open a gym called "The Rajat Dalal GYM " in January. First month, 100 log aaye, sab full josh me "New Year, New Me!" But February hits. 40 people disappear. Some realized Netflix & Chill > workout, some got busy, and a few just came to click selfies in the mirror and left. Now you’re left with 60 loyal warriors. That 40% bhaag gaya gang? That’s your Churn Rate the percentage of customers who ghost your business over time. A high churn rate is like a toxic relationship you keep finding new people, but no one stays. That's why companies like Netflix and Zomato constantly throw discounts, free trials, and emotional blackmail notifications ("Come back, we miss you!") because retention > acquisition. Zomato Notifications are best examples of how to reduce Churn Rate. Keep your customers happy and satisfied to retain them. Remember: The Customer Is The King 👑
He who remains • 1y
How many of you know about (Churn Rate) Churn rate, or customer attrition, measures the percentage of customers who stop using your product or service over a period. It's crucial for businesses, especially those with subscription models, as it direc
See MoreDaily Learnings... • 5m
As mentioned, I will continue from yesterday's post and write about types of KPIs in detail a] Customer and user engagement KPIs: 1. Conversion rate: percentage of users who have signed up/ purchased the product. 2. Customer retention rate: propo
See MoreDirector & CEO @ Exc... • 2m
Crucial KPIs for founders, from inception to exit: Pre-Seed: Validate your idea! Focus on Problem-Solution Fit (qualitative user interviews, early sign-ups). Seed: Prove initial traction. Track Customer Acquisition Cost (CAC), Conversion Rates, and
See MoreDirector & CEO @ Exc... • 1m
Pivoting -When do the numbers tell you it's time to drastically re-evaluate your startup's core business model?" Financial Red Flags: Consistently Negative Unit Economics: Losing money on every sale with no clear path to profit? Your Customer Acquis
See MoreAb bina padai karo k... • 6m
Hi Everyone I am Rajkumar and I have a business idea based on scrap market in India the thing is many people have same scrap industries have scrap but they dont have time to go and sell to correct dealer and they sell to local scrap seller who come
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