Top 20 Key Metrics You Should Know for Data-Driven PLG
Gary Yau Chan - Building PLG for AI Inbox Assistant
Growth Product, SEO & Viral, Retention, Growth Loops | 26x Hackathon Winner
These are metrics I track for PLG
Business Metrics
Marketing Metrics
Product Usage Metrics
Communication Metrics
Other
Our goal is to build a self-sustainable PLG-motion
The investment we poured in
We want to get a return
We were essentially a startup inside a startup
We tracked ARR, MRR, LTV
We tracked CAC on ad spend, op costs, R&D
We can calculate CAC LTV
But the most important thing was to track the payback period
Is the PLG motion sustaining, returning in a fast enough cycle
Does the PLG have a run rate…
Also, you have control Churn
And create energy for Expansion Revenue, more reasons to upgrade
This helps us track the NRR
Only a certain % of customers will convert to Free-to-Paid
Every week, we track our Upsell Pipeline and monitor our At-Risk Pipeline
List of customers we need to outreach and act on quickly
We also needed an influx of customers to sign up
We used Paid channels like LinkedIn, Reddit, and Google
We also received traffic from Organic channels like Google, Reddit, LinkedIn, Word of Mouth, Referral Blog
Anonymous visitors land and % Sign-up, so we a/b test our landing page value prop
Once customers are onboarded
We track the MAU and Last Login of each account
I have BI dashboards on Core Feature Usage and Advanced Feature Usage by %
I look at the number of users %, because more active users means more stickiness and word of mouth
I look at the Activation Point, how far each customer have gotten, and how we can nudge more forward
I wish I had a better overview of the communication with our customers
We are always testing our pricing, so it's important to Top 10 Upsell Reasons
We need to scale without putting too much stress on Customer Support — I am tracking support tickets, and patterns
Whether it would lead to Top 10 Churn Reasons or product improvements
Finally, I understand that NPS can be controversial
My take on it is if you are filling out an NPS, you might as well give us the G2 or Capterra review or give us a video testimonial
It's a powerful asset
You might know other people who are struggling with compliance
But you truly believe in us, you can help us amplify TrustCloud's message to everyone
These are the top 20 metrics I track to ensure
We are Data-Driven
We are operating on all cylinders
We are building a sustainable Product Led Growth motion
I write daily about PLG and Building in Public. Follow me at growthwithgary.com