Data is now the most valuable resource on Earth. That’s because data is knowledge, and knowledge is power; therefore data is power.
Understanding your data could be the key to unlocking increased profitability, rapid scaling, and decreased waste for your business.
Check out how the marketing team at Danette May leveraged their data to do all of three:
After working with hundreds of clients across multiple industries, we found that there were questions that everyone was asking:
We built these pre-built dashboards to answer some of the most important, pressing questions that business owners and marketers have.
This metric will show you the accurate lifetime value of your customers after different lengths of time, grouped by cohorts of first purchase months.
Now you will be able to identify why customers are cancelling their subscriptions based on when they cancel. Do you have a system-generated email going out that accidentally reminds your customers to cancel? Now you will know when to drip out educational materials to help reduce cancellations!
How long does it take customers to purchase their 2nd, 3rd, or 4th order? Is that trending up or down over time? Typically you want customers to repurchase from you on a more frequent basis. With this metric, you can compare customers over time to see when they first buy, then see what marketing efforts are attracting customers that purchase more quickly.
Retention RatesAre you attracting customers that are likely to repurchase from you?
This metric will show you the accurate lifetime value of your customers after Quickly gather insights into what source, medium and product purchases yield higher retention rates. lengths of time, grouped by cohorts of first purchase months.
DanetteMay.com | Founder
We went from 15 sales per day to 350 sales per day on a funnel that wasn’t performing on Facebook Ads.
Vice President | BRCC
Praxis is great because we are able to see the HOLES and the ISSUES in our tracking, so now we can go and FIX them moving forward.
VP of Marketing | Digital Marketer
I trust and rely on Praxis dashboards for all my data!
CEO | Fancy Sprinkles
I am now able to toggle EXACTLY what I need to see for insights on my subscribers.
Founder & Director | NSI Stem Cell
We have been working in spreadsheets for 3 years, and now with Praxis Dashboards set up, it’ll boost our entire productivity by 40%!
Owner & President | Get Bats Out
These metrics from Praxis have made the biggest impacts in my business this year.