The Conversion Funnel helps you to gain visibility on your users' journey once they download and install your product and what drives them to convert to a purchased license.
Conversion Funnel Builder
The first step to generate the Conversion Funnel is to define the licensing steps you would like to analyze.
- For each step:
- Select the license type or choose ‘Any’ to include all possible values
- Choose the license status, for each flag you may choose true, false, or any to include both
- Use the - / + buttons next to each step to add / remove steps
- The funnel requires a minimum of 2 steps and supports up to 5 steps
When ready click on Generate Funnel to generate the report and start analyzing your data.
Analyzing the Funnel
- This value shows the total number of new users in the selected date range and who match the applied filters.
- The number of users that started their installation matching the first step of the Conversion Funnel.
- The number of users that moved on to the second step of the funnel and so on for the rest of the steps.
- Users may have license changes but remain on the same step as long as their license status is within the parameters of that step and does not match the next step. For example based on the above funnel, an Evaluation client that is on step one may switch to a Freeware license and move onto step two. If their Freeware license then switches to Expired, they will remain on the second step. If later on their Freeware license changes to Activated, they will be considered as moving to the third step of the funnel.
- The usage statistics for each step show the number of days, sessions and runtime hours for the users that moved on to the next step. These values show the usage statics while these users were on the current step only.
- Click on the black bar to switch to usage statistic since install. This shows the usage statistics from install until the users moved on to the next step.
- Click on any of the statistics for a more detailed view of the usage data.
An interactive demo funnel is available when browsing the DEMO Product. To access the demo, log in to the Usage Intelligence Dashboard and switch to the DEMO Product, navigate to the Conversion Funnel and click the Show DEMO Funnel button in the Conversion Funnel Builder.
The Conversion Funnel contains fully fledged filtering capabilities including all product, licensing, operating system, environment properties, product usage and ReachOut campaign delivery filtering. This allows you to analyze the behavior of different cohorts, measure the effect of ReachOut campaigns and take the appropriate action.
- The Conversion Funnel calculates the number of new users in a different way than other reports, so it is possible to see a slight discrepancy between the number of users in this report when compared to the Product Performance Summary for example. The difference is that the Conversion Funnel filters new users based on the values as they were on their first day. In other reports, for performance reasons the filter value for new users is defined more loosely and can be the value in the first few days of their lifetime.