Don’t know where your users are losing? 80% of people do conversion analysis this way

Don’t know where your users are losing? 80% of people do conversion analysis this way
For our products and operations , conversion analysis is one of the frequently used analysis methods, and the funnel is an important tool for conversion analysis.

It can be said that all optimizations within the product are to increase the final conversion rate . For example, registration, purchase, content consumption, increasing the depth of participation, etc. At the same time, we must reduce the number of users lost during each conversion process and recall lost users when necessary:

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So, if we want to conduct refined operations on users within the product, how should we conduct data analysis ? What tools are needed? To what extent can this be achieved? Today, GrowingIO has made a major update to the funnel, which is a very powerful funnel that can support all the conversion analysis scenarios mentioned above. Whether you have used other funnels, are using GrowingIO funnels, or have never used a funnel tool, we recommend you use:

1. User behavior can be analyzed, and user growth can be achieved
In an era where product design is user-centric, business growth is actually the growth in the number of users. Therefore, everyone is doing user operations , understanding how users come, where they lose users, and how to recall them. User behavior can be analyzed and user growth can be achieved.

Today's traditional data analysis tools are based on platform traffic , focusing on pages and traffic, and discussing problems with web pages. Without the concept of users, how can we know whether the user experience is good or not? How to do user operation?

GrowingIO's funnel analysis is based on user behavior. You can know which landing page the user entered the product from, and in which conversion process the user was lost, which pages and behaviors he experienced before that, which operating system the user used, and which city he was in... Then, you can make a hypothesis about the cause of user loss and initiate a recall through operational behavior:

2. Focusing on overall conversions but ignoring important details
We monitor and analyze the overall situation of conversions within the product. The reasons for user conversions are similar, but the reasons for loss are often different. For example, the user conversions in different regions may be different. And every difference is an opportunity for optimization and an opportunity for growth. Lumping all converted/lost users together without segmenting or drilling down does not conform to the principles of refined operations and often yields little effect in the end.

Therefore, if we want to discover the differences, we need to customize the grouping and dimensional splitting according to the characteristics of the product and the needs, and finally locate the problem and find the optimization space.

GrowingIO's funnel analysis supports specific target users and cross-dimensional analysis, maximizing drill-down and locking in user groups, more accurately locating problems, proposing hypotheses, and finding possible solutions to problems:

3. Conversion analysis is a process, and so is user growth
Conversion analysis is a closed loop. We set up funnels to monitor data, identify conversion gaps, optimize through operations, products and other methods, analyze the results to see if there is improvement, and then monitor new data. The number of users has grown steadily through continuous optimization. In addition, we often need to combine conversion analysis with other analysis tools. GrowingIO's funnel analysis can be combined with user segmentation, event analysis, retention analysis, etc. to comprehensively and systematically understand the health of the product, user churn, and ultimately conversions:

Every time we mention product optimization, it is for a better conversion rate. Every step of improving the conversion effect promotes the improvement of the final conversion rate. Conversions are important, but more importantly, you should have a better funnel.

The author of this article @ GrowingIO compiled and published by (Qinggua Media). Please indicate the author information and source when reprinting!

Product promotion services: APP promotion services Advertising

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