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Selecting a Software Development Company in 2024

TechEmpower

Client Retention: Do they have repeat or long-term clients? References: The company should willingly provide references. Support and Maintenance: After the launch of your application, what support does the company provide? Do they assist with the transition to in-house or other developers? How do they handle hosting and support?

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Startup Metrics

TechEmpower

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. channels (search, social, viral, new media), cost-efficient distribution We often reference Dave’s work when talking to innovators.

Metrics 260
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7 Barriers To Communication In Business Relationships

Startup Professionals Musings

From an entrepreneur perspective, here are the key barrier-to-understanding elements: Unclear frame of reference. Whenever you discuss any startup matter, the receivers will view it from their particular frame of reference, including their values, their priorities, and their background. Stereotyping and biases. Information withheld.

Semantic 342
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6 Hiring Principles To Grow The Best New Venture Team

Startup Professionals Musings

Team managers in a hurry to hire often skip references, assuming they won’t get the real story anyway. The proper training and support right up front is key to retention, the right attitude, and their ability to be influential in driving your business. Have multiple team members do their own two-way interviews, and compare notes.

Hiring 337
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Acquire New Users by Adding Growth Hacking to your Marketing Strategy

ConversionXL

You can calculate retention using the following formula: Customers at the end of the period – new customers gained within the period / the number of customers at the beginning of the period x 100 = customer retention rate. Use this information to optimize for retention with: Transactional messaging. Gamification.

Retention 113
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Life After the Funnel: 6 Reasons why You’re Neglecting eCommerce Customer Retention

The Startup Magazine

If you want your brand reputation to soar, it’s time to step away from acquisitions and pour focus into your eCommerce customer retention strategy. Studies show that just a 5% increase in retention rates could see increased profits of 25-95%. Don’t just take our word for it. Let’s delve into life after the funnel.

Retention 130
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7 Common Causes Of Failure To Communicate in Business

Startup Professionals Musings

From an entrepreneur perspective, here are the key barrier-to-understanding elements: Unclear frame of reference. Whenever you discuss any startup matter, the receivers will view it from their particular frame of reference, including their values, their priorities, and their background. Stereotyping and biases. Information withheld.

Semantic 235