Is Your Person Base Rising or Shrinking? | by Shirley Bao, Ph.D. | Sep, 2024

How monitoring buyer segmentation and KPIs reveals the true well being of what you are promoting

Picture by Tumisu from Pixabay

Suppose you might be standing in entrance of what you are promoting dashboards. The numbers are going up and down in entrance of you. However are they telling the entire story? Is what you are promoting doing properly or are you simply getting fortunate and using a wave that’s about to crash? The main focus is just not solely on the variety of clients who’re partaking with what you are promoting however the kind of clients and frequency of their visits. With out understanding the total image, you might simply overlook the indicators of declining person base and that could be a threat that no enterprise can afford.

Many companies preserve an in depth eye on their each day energetic customers or clients (DAU/DAC), weekly energetic customers or clients (WAU/WAC), or month-to-month energetic customers or clients (MAU/MAC) . DAU/DAC measures what number of distinctive customers/clients have interaction together with your product every day. They’re helpful for apps or providers the place each day engagement is vital (e.g., social media platforms). WAU/WAC, alternatively, appears on the variety of energetic customers/clients over every week, which might be extra helpful for companies like grocery shops or subscription providers, the place weekly visits are frequent. MAU and MAC supply a broader view. They present what number of distinctive customers or clients have interaction over a month. Thus they…