If you or your company has an app, you know that focusing on retaining a loyal user is just as important as driving new installs.
Google Analytics introduced new reports that will help you measure how to do this in two meaningful ways.
1. The active user report displays your 1-day, 7-day, 14-day and 30-day trailing active users next to each other in one, easy-to-view dashboard. The new overview gives immediate insights into how users interact with your app over time, along with dropoff rate comparisons.
2. Cohort Analysis: After learning how many users have opened your app, the next step in driving engagement is understanding when they come back. Cohort Analysis is a user analysis technique that allows you to analyze and compare your users by looking at their customer journey. Using Cohort Analysis, you can see when users are coming back to your app and their behavior over time after the day of the first session, and lets you further filter the information by day, week or month.
3. Lifetime Value: Analyzing retention is a great way to ensure users stick with your app and come back day after day. With Lifetime Value reporting, you’ll get a full picture of these users’ value over time. To get the most out of this report, it’s important to start with a clear definition of what a user’s value means to you based on your business objectives. Once you’ve defined the value, you can access the report to measure certain variables such as revenue per user and number of screen views per user over a period of 90 days.
If you want to know more about how to build a loyal user base for apps with Google Analytics, contact us now.