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Boosting product engagement to grow revenue
J
Written by Julie Zehntner
Updated over 2 months ago

Do these questions resonate with any of your teams?
Accoil Analytics helps you answer them…

  1. What exactly is product engagement, and why should I care?

  2. How do I measure whether my users are truly engaged with my product?

  3. What can I do to improve engagement with my SaaS product?

  4. Are there any tools or software that can help me boost product engagement?

  5. How often should I be checking in on my product engagement metrics?

  6. What if my engagement scores are lower than I expected?

  7. Can I customize how I measure engagement based on what's important for my product?

  8. How do I keep my team focused on improving product engagement?

In a nutshell

Product engagement is all about how users interact with your SaaS application—it's the nitty-gritty of who's using it, how often, and what features they find irresistible. In essence, it's the heartbeat of your product, giving you insights into what makes your users tick. Accoil Analytics is a handy tool that simplifies tracking how users engage with your product. It helps you see who's active and where there's room to improve. With Accoil Analytics, you can gently tweak your approach to better serve your users, ensuring your product remains a valuable tool.

What's the lowdown?

Product engagement is the heartbeat of your digital product's success. It measures how deeply and frequently users interact with your app or service, revealing not just if they're using it, but how they're using it. Why focus on it? Because high engagement levels are a clear sign your product is valuable and sticky, keeping users returning and reducing churn. When to harness it? Always, but especially when you notice dips in usage or when launching new features. Better engagement strategies can turn casual users into loyal advocates, making it a cornerstone for growth and retention in the competitive digital landscape.

It's an ongoing effort vital for maintaining your product's relevance and appeal.

Why is this important?

Alright, let's keep it straightforward. Product engagement is essentially the pulse of your business in the digital space. Think of it as a direct line to understanding what's working and what's not, with your product. It's like having an ongoing conversation with your users without actually sitting down for a chat. Why should you care? Well, because this "conversation" tells you how to keep your users happy and engaged. Happy users mean a lower chance of them wandering off to your competitors and a higher chance of them recommending your product to others.

Adopting a focus on product engagement brings you closer to making informed decisions that can shape your product to be more appealing, useful, and, ultimately, indispensable to your users. It's not about chasing trends; it's about building a solid foundation for growth based on real user feedback. In the grand scheme of things, making product engagement a priority is a smart move towards creating a product that resonates well with your audience and stands the test of time.


Who does it help?

Accoil Analytics plays a pivotal role across different teams within an organization. Here's how it can cater to each team's unique needs, driving focus and prompting actionable insights:

  1. Product Team: By analyzing user engagement data, Accoil Analytics helps the product team fine-tune features and direct the product development roadmap more effectively.

  2. Marketing Team: Accoil Analytics's insights into user behaviors allows the marketing team to design more engaging and personalized marketing strategies, increasing campaign success rates.

  3. Sales Team: Accoil Analytics identifies the most engaged users and accounts, enabling the sales team to target upsell opportunities and reduce churn with strategic outreach.

  4. Customer Success Team: With engagement tracking, the customer success team can better gauge onboarding success and offer timely assistance, enhancing overall user satisfaction.

  5. Development Team: Feedback gathered through Accoil Analytics on feature usage and user experiences informs the development team's priorities, focusing efforts on impactful improvements.

  6. Operations Team: Accoil Analytics provides the operations team with actionable engagement data, supporting smarter decisions on resource allocation and operational planning.

Key Steps

Here are the key action points to ensure you effective leverage Accoil Analytics to understand, monitor and boost product engagement.

  1. Define Your Engagement Metrics:

    • Start by identifying the key actions and behaviors that signify engagement within your product. Consider logins, feature usage, time spent, and any custom events critical to your product's success.

      Reproduce as from activation article - example here.


  2. Set up your Accoil Analytics Engagement Profile

    Use the metrics you've defined to create a scoring model in Accoil Analytics. Assign weights to each action based on its importance to overall engagement. This model will quantify user and account engagement levels, giving you a clear picture of your most engaged users.

    Unsure how how to set up your Profile? Read here



  3. Train Your Team on Accoil Analytics:

    • Conduct training sessions for relevant teams (Product, Marketing, Sales, Customer Success) to familiarize them with Accoil Analytics's features and capabilities. Highlight how it can aid in their specific workflows.

      Need Best Practice Resources for your Team? Learn more here

  4. Incorporate Accoil Analytics Data into Daily Workflows

  5. Integrate Accoil Analytics's insights and engagement scores into your team's daily routines. Use it to drive decisions in product development, marketing strategies, sales targeting, and customer support initiatives.




  6. Align Accoil Analytics with Existing Tools:

    • For maximum value, let your teams access Activation rates by connecting Accoil Analytics to your team’s other data. Import your engagement scores to tools like Slack, Hubspot and Intercom. We have it all set to go. Want to learn more about using Connections?


7. Monitor and Iterate

  • Regularly review the engagement scores and insights provided by Accoil Analytics. Use this data to iterate on your engagement strategies, refine your scoring model, and adjust your product roadmap as necessary.

Where to go from here using Accoil Analytics insights

Team

Actions

Product Team

  • Keep an eye on hot features: See what features are getting love and which aren’t hitting the mark. Use these insights to make your product even better and decide where to focus next.

  • React to feedback smartly: Listen to what users are saying through their actions. Update and tweak features to keep them coming back for more.

  • Shape your roadmap with real data: Use engagement stats to figure out what features to polish or push next. It’s all about giving the users what they love.

Marketing Team

  • Find your fans: Dig into who’s really digging your product. Tailor your messages to fit what different users are into.

  • Tweak your tactics: Use what you learn about how users interact with your product to refine your campaigns. It’s about hitting the right note at the right time.

  • Content that clicks: Create stuff that speaks to what users are actually using and loving. Show off those popular features and case studies to draw more people in.

Sales Team

  • Spot the leads and the risks: Use engagement scores to pinpoint who’s ripe for an upsell and who might need a nudge to stick around. A high score means they’re loving it; a low one means it’s time to check in.

  • Sell smarter: Customize your pitch with insights on what each user or account finds valuable. It’s about selling the dream by showing how your product fits into their world.

  • Refine your reach-out: Shift your focus based on who’s loving your product and who could use a little more convincing. It’s all about being efficient with your energy and efforts.

Customer Success Team

  • Watch for wobbles: Keep an eye on the engagement scores to catch anyone who might be drifting away or facing challenges. Early help can turn things around.

  • Onboarding that resonates: Tailor the welcome wagon based on common hurdles or favorite features. It’s about making those first steps feel like a breeze.

  • Check in with purpose: Use what you know about how users engage with your product to offer timely, relevant help. It’s about being there right when they need you.

Development Team

  • Build on what works: Focus your coding superpowers on features that users can’t get enough of. Make sure these areas are slick, fast, and bug-free.

  • Iterate with insight: Use feedback loops to make quick, impactful changes. It’s about staying agile and keeping your users happy with fresh improvements.

  • Collaborate for impact: Work closely with the product team to align on what the data is telling you. It’s about creating features that fit perfectly with what users want.

Operations Team

  • Plan with engagement in mind: Use those engagement insights to make smart calls on where the business needs to focus its efforts and resources.

  • Smooth operations for top features: Make sure your operational backbone supports what’s working well. It’s about having everything in place so your star features can shine.

  • Keep the team in the loop: Make sure insights on user engagement flow freely across teams. It’s about making sure everyone’s pulling in the same direction, armed with the best info.

Heads Up

  • Stay Flexible: Be ready to adjust your engagement scoring model as you learn more about how users interact with your product.

  • Promote Cross-Team Collaboration: Encourage teams to share insights and strategies informed by Accoil Analytics's data to foster a cohesive approach to boosting product engagement.

  • Keep the User in Focus: Always use the engagement data to enhance the user experience, whether by improving existing features, removing friction points, or introducing new functionalities that meet user needs.

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