Lifecycle Analytics 101 for Subscription Apps
Blog post from RevenueCat
Alex Gorius, co-founder of a mobile engagement and monetization collective named Syndikat, offers insights into improving app engagement and revenue through lifecycle analytics. Lifecycle analytics examines user engagement from installation to the end of app usage, focusing on different stages like onboarding, activation, engagement, and churn. Each stage has specific metrics that, when analyzed, can reveal areas for improvement and potential revenue growth. Tools like Amplitude and Mixpanel are recommended for creating essential analytics charts like funnels, retention curves, and pie charts, which help visualize user progression and retention over time. A well-crafted tracking plan is crucial for capturing relevant events and user properties, enabling comprehensive analysis. By segmenting user data by various attributes, developers can identify friction points in the user journey and experiment with strategies to enhance user retention and engagement. Ultimately, this method emphasizes the importance of continuous monitoring and adaptation to optimize app performance and user satisfaction.