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Blog - The most useful customer retention metrics

Open andyvan-ph opened this issue 1 year ago • 0 comments

Strapline

Guide / listicle on customer retention metrics, similar to our guide on B2B product metrics.

Why should we do it?

Decent search volume (590/mo) and not crazy competition, though it will be hard-ish to rank highly. Should play well in the newsletter.

Headlines options

  • The most useful customer retention metrics
  • The (actually useful) customer retention metrics
  • Essential customer retention metrics for B2B products

Outline

Via ChatGPT, not final:

  1. Customer churn rate: This is the percentage of customers who stop doing business with a company over a given period of time.
  2. Net promoter score (NPS): This is a measure of how likely customers are to recommend a company to others.
  3. Customer lifetime value (CLV): This is an estimate of the total value a customer will bring to a company over the course of their relationship.
  4. Customer satisfaction (CSAT) score: This is a measure of how satisfied customers are with a company's products or services.
  5. Customer effort score (CES): This is a measure of how much effort customers have to put in to resolve their issues or get their questions answered.
  6. Customer retention rate: This is the percentage of customers who continue doing business with a company over a given period of time.
  7. Average revenue per user (ARPU): This is the average amount of revenue a company generates per user over a given period of time.
  8. Customer loyalty: This is a measure of the strength of the relationship between a company and its customers.
  9. Customer win-back rate: This is the percentage of customers who return to a company after leaving.
  10. Customer retention cost: This is the amount of money a company spends to retain its customers.

andyvan-ph avatar Jan 05 '23 11:01 andyvan-ph