What metrics should I track for my freemium model?
An example of an AI chatbot conversation about metrics for freemium success.
What metrics should I track for my freemium model?
You should focus on metrics like conversion rate, user engagement, and churn rate to gauge success.
How do I calculate the conversion rate?
The conversion rate is calculated by dividing the number of users who upgrade to paid plans by the total number of freemium users.
What is a good churn rate for a freemium model?
A good churn rate typically ranges from 5% to 7% per month, but it can vary by industry.
Can you suggest tools to track these metrics?
Sure! Tools like Google Analytics, Mixpanel, and Amplitude are great for tracking user metrics.
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