Do you have deep insights into your users? To really drive user growth, improve retention and increase monetization, you’ve got to have deep insights into user behavior. Your Application Programming Interface (API) and analytics will help you achieve that.
24. Understand the 3 levels of complexity for app analytics: There are 3 levels of metrics that app makers smartphone should look at There are 3 levels of metrics that smartphone app makers should look at to achieve swift success. When you’re getting started, you should make sure you’re tracking level 1 goals but as your organization grows and gets more sophisticated, you should look to expand to more complex levels of analysis to form a holistic view of your app’s performance.
Level 1: Counters (DAUs, MAUs, Revenue)
Level 2: Where are my problems (Funnels, Retention, Segmentation, Events)
Level 3: What drives growth: Behavior-Based Cohorting / Data Science
Image from Amplitude Analytics
25. Measure your Level 1 analytics: Metrics typically measured here include MAUs (Monthly Active Uniques), DAUs (Daily Active Uniques), page views and revenue. These metrics are absolutely important and give you a baseline of your app’s success with regards to engagement, retention, and monetization.
These metrics are a great start, but how engaged are your users?
26. Measure your Level 2 analytics: The metrics you’ll measure in Level 2 help you track events to give you a high-level picture of user behavior (ex. how many actions users take per day, what actions are most common, what actions are users not taking). This allows you to locate any problems occurring in the app. From there, you can create different segments of users based on behavior (i.e. active users vs. inactive) or demographic (i.e location, age). and glean a deeper understanding of how different types of users interact with your app.
27. Measure your Level 3 analytics: Level 3 is where you uncover your secret sauce on what drives growth. Which behaviors correlate to lifetime value? Applying predictive analytics to your data will help you uncover potential improvement areas that could dramatically affect the trajectory of your app.