Don’t measure just for usage metrics. Measure for usage success and satisfaction.
Don’t measure just for usage metrics. Measure for usage success and satisfaction.
The meal ticket experiment turn out to be an expensive mistake - users never used the feature again after the promo period. From a retention perspective they didn't lose anyone, but the blended CAC for that quarter was horrible.
In hindsight, I think the practice of comparing retention between companies is doing more harm than good.
If your retention rate tells you you are providing a "one-off" service - that's OK. You just have to focus on being a cost-efficient service provider instead of splurging on CAC like everyone else.
I think airline sites are a good example of how to make the most out of one-off payments. Cross sell relevant things (like hotels, car rentals and insurance) so you can get more revenue from that one-off experience.
There’s even companies like Cartrawler that provide this as a service: https://www.cartrawler.com/
No harm, I did like your original comment, sympathize with the misunderstanding, and appreciate your apology.