Once an app acquires new users, the true challenge begins. Apps must shift focus to long-term user retention and consistently improve the retention curve using targeted marketing strategies to boost user engagement.
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The retention rate of an app measures the percentage of users who continue to use the app after a certain period, typically a strong indicator of an app’s value and usability.
Monetization of apps involves strategies to generate revenue from an app, including in-app purchases, subscriptions, ads, and selling user data.
A common formula for app retention is [(Number of users at the end of a period - New users during that period) / Number of users at the start of the period] x 100.
Check app retention by analyzing user engagement metrics over time in your app analytics dashboard, focusing on repeat usage and session intervals.
Monetize an app through methods like in-app purchases, advertising, subscriptions, or offering premium features for a fee.