article thumbnail

ChatGPT for Product Managers: 13 Best Prompts

User Pilot

From analyzing market trends to churning user needs and technical feasibility into golden product ideas, there are many benefits of ChatGPT for product managers. TL;DR The machine learning-powered ChatGPT can help product managers generate ideas, conduct market and user research , analyze data (app store reviews, user feedback, etc.),

ChatGPT 105
article thumbnail

15 Digital Product Metrics You Should Track for SaaS

User Pilot

This high-level overview of engagement trends provides a singular insight into how users are interacting or engaging with your product. Also known as the feature adoption rate , improving this metric leads to better user satisfaction, which translates into a higher customer lifetime value. Feature usage rate formula.

Metrics 105
Insiders

Sign Up for our Newsletter

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

article thumbnail

How to Reduce Customer Churn Rate: 17 Effective Strategies

User Pilot

Wondering how to reduce customer churn rate for your business? In this article, we review different ways to identify potential churn and deal with it. Attrition is the bane of every subscription business; low retention rates will result in a duce and the customer lifetime value and revenue will plummet.

Churn 98
article thumbnail

Unlocking the Power of Customer Journey Optimization: An Ultimate Guide

User Pilot

Retention Excellent service, loyalty programs, and ongoing value through content and community retain customers. Advocacy Loyal customers become influencers. Earn advocacy by exceeding expectations and proactively seeking referrals, reviews, testimonials, and feedback. The goal is repeat purchases.

article thumbnail

Marketing Funnel Analysis: Step-By-Step Guide (+Best Tools)

User Pilot

Consideration – when the prospect starts seeing the product as a viable solution to their problem after comparing it to other products, analyzing case studies , reading reviews and testimonials, watching demos, or using free trials. Technically, you can do this manually, but the process could be labor-intensive and time-consuming.

Marketing 105
article thumbnail

Annual vs Monthly Subscription for SaaS Businesses: Weighing the Pros and Cons

Incredo

People were subscribing to newspapers and magazines on a weekly or monthly basis to follow the trends and news with printed media (No internet, no laptops. Let’s look at examples (we are going to talk about tech giants). 3 Reduces churn rate and increases CLV (Customer Lifetime Value) as your customers spend at least a year with you.

article thumbnail

Getting SaaS Accounting and Financial Operations Right in 2022

SaaSOptics

And this trend will continue. This is due to what’s known as performance obligations. SaaS-specific automation technology is essential for using benchmarks and metrics to gain visibility into the company’s performance—and it’s also critical for assessing your company’s health automatically. . Automation is Key. .