article thumbnail

Conversion, retention and churn benchmarks

VC Cafe

This is a question startup founders ask themselves multiple times a week. It’s not just the competition against the incumbents and the large tech platforms that founders has to worry about, but most importantly is the company’s performance and product market fit. Retention over 50% is considered top quartile.

Retention 109
article thumbnail

How AI Can Help Universities Boost Student Performance And Improve Retention

YoungUpstarts

by Sanjoe Jose, CEO and Co-founder of Talview. Armed with AI-powered data insights and automated platforms, higher education institutions see a number of benefits, including improving the admissions process, boosting student retention, automating manual tasks, and improving student experience. Automation improves experience.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Improving Employee Retention To Build A Strong Team

YoungUpstarts

by Ben Hoffman, co-founder of CityHUNT. Do you pay attention to your employee retention rate and whether your top employees are happy? It’s more than the cost of hiring new staff that makes your employee retention rate so important. There’s more to a successful business than making top dollar and having satisfied clients.

Retention 100
article thumbnail

Startup Metrics

TechEmpower

When talking to startup founders or other innovators, we always ask questions to better understand their business as a core. R : Retention - Do they come back & re-visit over time? The metrics, and how they relate, are captured in his slide: Note the relationship between retention/referral efforts and lifetime value.

Metrics 260
article thumbnail

Recession ahead? Follow these Money Saving Tips for your Workplace

ReadWriteStart

” — Phil Norton, Founder of Leave Dates In today’s digital age, software subscriptions have become integral to business operations. ” — Carl Jenson, Founder of Compare Bank. Carl Jenson, the Founder of Compare Bank, emphasises the importance of cutting meeting expenses by adopting virtual meeting solutions.

article thumbnail

How To Develop Your Customer Retention Strategy

ConversionXL

Has your company’s customer retention rate increased, decreased or remained status quo over the past five years? Have you outlined and initiated a formal customer retention strategy? In a study by Harvard Business School , it was found that increasing customer retention by even 5% can increase profits between 25-95%.

Retention 112
article thumbnail

How To Survive The Loss Of A Main Customer

YoungUpstarts

by Zain Jaffer, serial entrepreneur and the Founder and CEO of Zain Ventures. Failure to focus on customer retention, for example, is a surefire way to brush aside the frustrations of existing customers. For smaller businesses, simple incentives can be given to the sales team to encourage customer retention.

Customer 347