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Retention Rate

metrics

Quick Definition

Retention rate is percentage of customers who continue paying over time. Inverse of churn. Critical SaaS metric—high retention enables compound growth. Target: 90%+ monthly retention (10% churn). Cohort analysis essential.

Detailed Explanation

Retention shows product stickiness. Calculation: Monthly Retention = (Customers at end of month ÷ Customers at start of month) × 100. Example: 100 customers on Jan 1, 95 remain on Feb 1 = 95% retention (5% churn). Cohort retention (better metric): Track specific signup cohorts over time. January cohort: Month 0: 100 customers. Month 1: 60 remain (60% M1 retention). Month 2: 48 remain (48% M2 retention, 80% M1→M2 retention). Month 6: 35 remain (35% M6 retention). WHY IT MATTERS: Retention determines if startup can scale. 95% monthly retention: Customer stays 20 months average. 90% retention: 10 months. 80% retention: 5 months. 50% retention: 2 months (impossible to scale). Compound effect example: 100 new customers monthly, 95% retention: Month 12: 1,140 customers. 100 new monthly, 80% retention: Month 12: 469 customers (2.4x difference). Retention benchmarks: B2B SaaS: 90-95% monthly (excellent), 85-90% (good), <85% (problem). B2C SaaS: 80-90% monthly. Consumer apps: 40-50% Month 1, 30-40% Month 2 (acceptable). Gaming: 20-30% Day 7 retention (normal). Improving retention: Onboarding (get to aha moment Week 1), Feature adoption (engage with core features), Customer success (proactive support before churn), Product improvements (fix reasons for churn), Engagement loops (email, push notifications bringing users back). Retention > Acquisition. Better to keep 95/100 customers and add 50 new (145 total) than keep 80/100 and add 100 new (180 total) because first scenario compounds better long-term.

Formula

Retention % = (Customers Remaining ÷ Starting Customers) × 100. Churn % = 100 - Retention %. Average Customer Lifetime = 1 ÷ Churn Rate

Real-World Examples

Netflix

93%+ monthly retention (7% churn). Average customer stays 14+ months. High retention = predictable revenue, enables content investment.

Dollar Shave Club

75% monthly retention (25% churn). Average customer lifetime 4 months. Needed constant acquisition to grow—sold for $1B but less valuable than 90%+ retention SaaS.

Failed due to retention

Had 70% monthly retention (30% churn). Average customer stayed 3 months. Couldn't raise Series A—investors saw leaky bucket. Shut down despite ₹50L monthly revenue.

Why It Matters for Your Startup

Retention determines business viability. 95% retention enables unicorn path—revenue compounds. 80% retention = constant struggle to replace churned customers, can't scale efficiently. High retention increases LTV dramatically: 90% retention (10% churn) = 10 months average. LTV = ₹10K/month × 10 months = ₹1L. 95% retention (5% churn) = 20 months. LTV = ₹10K × 20 = ₹2L (double the value!). VCs won't fund <85% retention SaaS.

Common Mistakes

  • Only tracking overall retention (need cohort analysis—do older customers stick or churn more?)
  • Measuring retention wrong (excluding churned customers from denominator inflates numbers)
  • Ignoring early churn (Week 1 churn indicates onboarding problem)
  • Accepting bad retention (every SaaS can get to 90%+ with PMF)
  • Scaling before fixing retention (adding customers to leaky bucket wastes money)

Frequently Asked Questions

What retention rate do I need for Series A?

90%+ monthly retention (10% churn) for B2B SaaS. 85%+ acceptable for B2C. Below 85%, VCs concerned about PMF—unlikely to fund.

How do I measure retention correctly?

Track cohorts: January signups → measure monthly (Jan: 100, Feb: 90, Mar: 85...). Plot retention curves. Goal: Flatten curve (retention stabilizes) not straight down (continuous bleeding).

What causes low retention?

No PMF (product doesn't solve problem well enough), Poor onboarding (users don't reach value), Missing critical features (competitors better), Bad support (frustrated users leave), Wrong customers (targeting non-ICP).

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Retention Rate - Definition, Examples & Formula | StartupIdeasDB Glossary | startupideasdb.com