Engagement & Retention project | MoEngage
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Engagement & Retention project | MoEngage

Elevator Pitch

MoEngage helps companies crack the code of customer engagement. Our AI-powered platform analyzes user behaviour, predicts churn, and delivers personalized experiences across 10+ digital touchpoints. We've helped 1200+ brands boost engagement and conversion by 30%.

The MoEngage Product

MoEngage is a customer engagement platform that helps brands interact with their users/customers across various channels in a personalized and data-driven manner. The core of MoEngage provides insights to companies(MoEngage's customer) about their customers' behaviour, preferences, and interactions with their app and website. By leveraging these insights, companies can create targeted and personalized communication strategies across multiple channels such as mobile push notifications, email, SMS, in-app messaging, web push, and more.

The product is designed to help companies improve customer retention, increase customer lifetime value, and drive business growth by delivering relevant and timely messages to their users.


Problem Being Solved: Businesses often struggle to deliver personalized, timely, and relevant messages that resonate with their customers due to data silos, lack of actionable insights, complexity in segmentation, and to deliver real-time communication. This leads businesses to have high churn(both user and revenue), broken onboarding communications, lower conversions, and difficulties to grow revenue.

Businesses/Brands have difficulty in engaging with their users/customers, Inability to quickly deploy campaigns or personalize campaign messaging and data integrations with disparate point solutions required substantial resources from tech teams to accomplish.

MoEngage solves this struggles for 1200+ companies and thousands of marketers, CRM Managers and growth managers around the world.

Key Features of MoEngage:
1. Analytics and Insights: Businesses can track the performance of their campaigns, analyze user behaviour, and gain insights into what strategies are working. This data-driven approach helps in optimizing future campaigns. The platform uses machine learning algorithms to deliver personalized recommendations to users
2. Customer Segmentation: MoEngage allows businesses to segment their users based on various attributes, behaviours, and interactions. This enables more precise targeting and personalization of messages.
3. Omni-Channel Engagement: The platform supports engagement across multiple channels, ensuring that users receive consistent and contextual messages wherever they interact with the brand.
4. Personalization: MoEngage provides tools to personalize content and recommendations based on user data, improving the relevance of messages and driving higher engagement through A/B testing of campaigns.
5. User Journey Mapping and Automation: The platform allows companies to map out user journeys and design engagement strategies that guide users through these journeys, improving retention and conversion rates and allowing businesses to create automation for sending messages based on user actions on the mobile app or website.

Core Value Proposition of MoEngage

Insights-led customer engagement platform that connects customer data, gives actionable insights to campaign managers and enables personlised crm campaigns to improve retention and monitization for companies/brand.

The platform enables brands to leverage channels of customer engagement and improve retention and business results.

The ease of use simplifies campaign creation for marketers to go live with campaign in a day instead of several weeks. After the campaigns go-live, reports can be analysed on the MoEngage dashboard to take actions.

Understanding the customer

The decision-makers are typically C-level executives like CMOs, VP Growth, VP Marketing, Head Of Ecommerce, Head of Digital, VP Product, CPO, Chief Digotal Officer, CEOs in mid-market companies or even founders in startups. They're the ones signing off on the investment.

Key Users of the platform are CRM Mangers, Retention Specialists, Campaign Managers, Customer Lifecycle Managers, Growth Marketer, and Customer Engagment Specialists. Influencers are often the hands-on folks like marketing managers, product managers, growth leads. and CRM Managers. They're the ones who'll be using MoEngage day-to-day and can really push for its adoption.

Blockers might be IT teams worried about integration complexities, or finance folks concerned about the budget. Security teams and sometimes existing martech stacks or competitors are blockers already entrenched in the company.

Natura

Customer Segmentation

ICP MoEngage

B2B Segment

Criteria

ICP1

ICP2

ICP3

Name

Digital Native

Digital Migrator

Startups

Company Size

400+ employees

2000-60,000+ employees

40 to 400 Employees

Location

Global, but often HQ'd in tech hubs

Global, often with multiple regional offices

Tech hubs globally (Silicon Valley, New York, London, Berlin, Bangalore)

Funding Raised

Series C or beyond, $50M-$500M+

usually public companies

Seed to Series B, $5M-$30M

Industry Domain

Lifestyle Subscription apps, E-commerce, FinTech, Gaming apps

Retail, Banking, Insurance, Healthcare

Any tech-enabled sector

Stage of the company

Rapid growth or scaling

Established, undergoing digital transformation

Product-market fit achieved, focusing on early scaling

Organization Structure

Mostly Flat, agile teams

Hierarchical, moving towards more agile models

Very flat, often with cross-functional teams

Decision Maker

CMO or VP Growth

CDO, CIO, or CMO, Head of Digital Transformation

Founders, Marketing Lead

Decision Blocker

CFO (budget concerns), IT (integration complexities)

Legacy IT systems, regulatory compliance, InfoSec

Limited budget, focus on core product development, limited bandwidth to integrate SDK

Frequency of use case

Daily

Weekly, ramping up to daily

Daily

Products used in workplace

Slack, G Suite, Jira, Mixpanel, Amplititude, Appsflyer

Microsoft Office, SAP, Salesforce, Appsflyer, Adjust

G Suite, Trello, Asana, Notion, AppsFlyer

Investment Objectives

Manage customer engagement efforts across multiple channels.

Accelerate creation and refinement of engagement campaigns.

Leverage performance intelligence for continuous improvement of campaign performance.

Enable data integrations with other solutions used at their organization.

AB Testing onboarding flows, personalized messaging, automation, and analytics. Manage customer engagement efforts across 2 channels.

Organisational Goals

Scale user base, improve retention, increase LTV


Digital adoption, competing with tech-first companies

Proving unit economics, preparing for next funding round

Contract Time / Customer Retention

2 to 5 years. Can be longer depending on relationship in the org and the product innovation.

3 to 7 years.

1 years, usually renewed for 1 more year. Risks are that startup runs out of funding or are not able to raise next rounds.

Preferred Outreach Channels

LinkedIn, tech conferences, email

Industry events, direct outreach, webinars

Linkedin, email, startup events, peer recommendations

Conversion Time

2-5 months

6 to 15 months

1-3 months

GMV/ARR for MoEngage

$50K to $400K

$300K to $2.5M+

$15K to $50K

Growth of company

25-40%+ year-over-year

5-20% year-over-year overall, digital arm growing faster

Often 50-100%+ year-over-year

Motivation

User Retention improvements, Conversions, Staying ahead of competition

Modernization, fear of disruption

Rapid growth, establishing market position

Organization Influence

High, often seen as industry leaders

Strong in traditional sectors, building in digital

Disruptors in their niche

Tools Utilized in workspace

Mixpanel, Amplitude, Segment, AWS, Google BQ, Gupshup

Adobe Marketing Cloud, Salesforce Sales Cloud

Mixpanel, Mailchimp, Intercom

Decision Time

1-3 months

3-6 months

2-4 weeks

Category of classification

Mid-Market/Enterprise

Enterprise/Lighthouse

Startup

ICP prioritization table

Criteria

Startups

Digital Native

Digital Migrator

Adoption Curve

High

High

Low

Appetite to Pay

Low

High

High

Frequency of Use Case

High

High

Medium

Distribution Potential

High

High

Low

TAM

Medium

High

High

Speed of Integration

High

Medium

Low

Characteristic

Casual Users

Core Users

Power Users

Usage Characteristics




Recency of use

Within last 30 days

Within last 7 days

Within last 24 hours

Natural Frequency

1-2 times per week

3-5 times per week

Daily, often multiple times

Monetary/AOV/Revenue Generated

Low tier subscription or free trial

Mid-tier subscription

Enterprise-level subscription, high revenue

Pain Points

- Struggle with initial setup

- Unsure how to leverage all features

- Limited understanding of customer engagement strategies

- Need for more advanced segmentation

- Better integration with existing tech stack

- Challenges in measuring ROI

- Need for advanced AI and predictive analytics

- Desire for deeper customization and API access

- Managing large-scale, complex campaigns

Valued Features

- Basic email campaigns

- Simple audience segmentation

- User analytics dashboard

- Multi-channel campaigns

- Advanced segmentation tools

- A/B testing capabilities

- Basic AI-powered insights

- AI-powered customer journey orchestration

- Predictive segmentation and personalization

- Custom API integrations

- Advanced analytics and attribution modeling

Core Value Proposition (CVP) being utilized

Easy-to-use interface for basic customer engagement

- Unified platform for omnichannel engagement

- Data-driven insights for improved campaigns

- AI-driven customer engagement at scale

- Deep, actionable insights for strategic decisions

JTBD of the persona

- Send occasional promotional emails

- Gain basic insights into customer behavior

- Create multi-channel marketing campaigns

- Improve customer retention

- Gain actionable insights from data

- Implement sophisticated, automated customer journeys

- Leverage AI for predictive analytics

- Integrate MoEngage deeply with martech stack

Discovery

- Online search or social media ads

- Referred by colleagues or peers

- Industry events or webinars

- Recommended by marketing consultants

- Direct outreach from MoEngage sales or RFP

- Migrated from competitor platforms

Level of Engagement

- Low to moderate

- Primarily use basic features

- Limited interaction with support

- Moderate to high

- Regularly use most features

- Occasional participation in webinars/training

- Very high

- Utilize all features extensively

- Active in beta testing and product feedback

Geographic Region- North America - Europe - Asia-Pacific - Latin America - Middle East & Africa

Stage in Customer Lifecycle- New (0-3 months) - Growing (3-12 months) - Mature (1-3 years) - Long-term (3+ years)

Defining MoEngage Core EnR Metrics and Engagement Framework

User Activation

For MoEngage, a user is considered activated when they have completed these key actions:

1. Successfully integrated MoEngage SDK into their app or website

2. Set up at least one user attribute for segmentation

3. Created and sent their first omnichannel campaign (e.g., combining email, push notification, and in-app message)

4. Viewed the campaign performance report

Rationale: These actions ensure the user has properly set up MoEngage, understood its core functionality, and started to derive value from its omnichannel capabilities.


Active User Classification

An active user on MoEngage is defined as a user who has performed at least two of the following actions within the last 14 days:

1. Created or modified a dynamic customer segment

2. Launched a multi-channel campaign

3. Analyzed campaign results using advanced analytics features

4. Updated or created a new customer journey workflow

5. Used AI-powered features like predictive segments or send-time optimization

Rationale: This definition focuses on MoEngage's key differentiators - omnichannel capabilities, dynamic segmentation, and AI-powered features. The 14-day window reflects the typical campaign cycle for many marketers.

Core EnR Metric

The core EnR metric for MoEngage is **Weekly Active Campaigns per Account**.

Formula: Number of active campaigns / Total number of accounts

Rationale:

1. Directly reflects the core value proposition of MoEngage - enabling frequent, targeted customer engagement

2. Indicates ongoing value derived from the platform

3. Correlates strongly with customer retention and potential for account expansion

4. Provides insight into both breadth (number of accounts) and depth (activity level) of platform usage

Engagement Framework

Relevance

Key Metric to be tracked

Rationale

Breadth



Primary

Number of channels used per campaign (email, push, SMS, etc.)

Reflects adoption of MoEngage's omnichannel capabilities

Secondary

Percentage of accounts using dynamic segmentation

Indicates sophisticated use of MoEngage's advanced segmentation features

Tertiary

Number of team members per account with admin access

Shows organizational adoption and potential for account expansion

Depth



Primary

Average number of user attributes used in segmentation

Indicates the sophistication of user targeting and personalization efforts

Secondary

Percentage of campaigns using AI-powered features (e.g., predictive segments, optimal send time)

Reflects adoption of MoEngage's advanced AI capabilities

Tertiary

Frequency of custom event tracking implementation

Shows how deeply MoEngage is integrated into the client's user behavior tracking

Frequency



Primary

Number of new campaigns created per week

Directly correlates with platform value and customer engagement efforts

Secondary

Frequency of accessing real-time analytics dashboards

Indicates how data-driven the client's decision-making process is

Tertiary

Number of A/B tests run per month

Reflects the client's commitment to optimization and continued improvement.

Rationale for the Engagement Framework:

  1. Breadth: Focuses on MoEngage's core strength in omnichannel marketing and advanced segmentation. It helps identify opportunities for expanding feature adoption across different teams within an organization.
  2. Depth: Emphasizes the sophisticated use of MoEngage's unique features, particularly around segmentation, AI-powered optimization, and custom event tracking. This helps in understanding how deeply clients are leveraging MoEngage's advanced capabilities.
  3. Frequency: Tracks how often clients are creating and optimizing campaigns, which is at the heart of MoEngage's value proposition. Higher frequency indicates that MoEngage has become an integral part of the client's marketing operations.

This framework allows MoEngage to:

  • Identify accounts that may need additional support or are at risk of churn
  • Recognize upsell opportunities for additional channels or advanced features
  • Guide product development to enhance the most valued and frequently used features
  • Tailor customer success strategies based on usage patterns
  • Set meaningful benchmarks for customer engagement across different types of accounts


Engagement Campaign

Please scroll right 😀

Campaign Name

Hypothesis

Channel

User Type

Theme

Target Feature

Pitch & Content

Success Metrics

Key Milestones

AI-Powered Personalization Challenge

Demonstrating AI-driven personalization will increase advanced feature adoption

In-app, email, webinar

Core users not using AI

Unleash AI power in campaigns

AI personalization, predictive segments

30-day challenge; Free consultation; Daily tips; Weekly check-ins

30% increase in AI feature adoption; Improved campaign metrics

50% attend kick-off; 75% create AI segment; 60% launch AI campaign

Omnichannel Mastery Series

Education on omnichannel strategies will increase feature adoption

Email course, in-app tutorials, workshops

Casual users

Seamless customer journeys

Omnichannel campaign builder

6-week course; Certification; Case study feature; Weekly lessons

50% increase in omnichannel campaigns; Improved journey completion rates

80% create omnichannel workflow; 50% implement cross-channel; 30% achieve certification

Real-Time Engagement Hackathon

Competitive event will spark creativity and showcase capabilities

Virtual event, social media

Power users

Push real-time engagement boundaries

Real-time analytics, trigger campaigns

48-hour hackathon; Cash prizes; Blog feature; Annual event

20 innovative use cases; Social media engagement; Adoption of winning strategies

100 registrations; 50 submissions; 5 case studies published

Customer Journey Optimization Challenge

Gamifying journey optimization will increase analytics engagement

In-app module, email

Core users with established campaigns

Level up customer journeys

Journey analytics, A/B testing

60-day challenge; Leaderboard; Custom trophy; Weekly challenges

40% increase in journey analytics use; Improved journey metrics

70% set up advanced tracking; 50% run A/B test; 30% achieve optimization

Predictive Engagement Pioneers

Early access to new features will create advocates

Webinar, direct outreach, Slack

Power users with innovation track record

Shape future of predictive engagement

Beta predictive features

90-day beta program; Direct product team access; Co-marketing; Bi-weekly feedback

Quality of feedback; Post-beta adoption rate; NPS scores

20 users onboarded; 100 feedback pieces; 5 success stories

Retention Design

image.png

Explanation an insights for the above created table:

  1. Initial Adoption (Month 0 to Month 1):
    • There's a small drop from 100% to 95% in the first month.
    • Insight: This is because usually the PoC takes more than 1 month or the integration efforts take more than 1 month or the contract is for 1+ years.
  2. Value Realization (Month 1 to Month 6):
    • Retention gradually decreases from 95% to 88% over these five months.
    • Insight: This period is crucial for clients to integrate MoEngage deeply into their marketing strategies. The high retention suggests that most clients are successfully doing so.
  3. Contract Midpoint (Month 6 to Month 12):
    • Retention continues to slowly decline, moving from 88% to 82%.
    • Insight: This represents the midpoint of the typical 2-year contract. The high retention rate indicates that clients are seeing significant value and ROI from MoEngage. The renewal and upsell opportunity comes at the 12 month period.
  4. Long-term Retention (Month 12 to Month 24):
    • Retention stabilizes further, declining only from 82% to 75% over the entire second year. The role of customer success manager and product innovation is paramount.
    • Insight: This excellent long-term retention rate suggests that MoEngage has become an integral part of clients' marketing tech stacks.
  5. Overall Curve Shape:
    • The curve shows a very gradual decline, which is exceptional for a B2B SaaS product.
    • Insight: This indicates high customer satisfaction, strong product-market fit, and effective customer success efforts.
  6. Inflection Points:
    • The curve is relatively smooth, without major inflection points, suggesting consistent value delivery throughout the contract period.
  7. End-of-Contract Retention:
    • The 75% retention at the 24-month mark likely represents the renewal rate for MoEngage.
    • Insight: This is an excellent renewal rate, well above industry averages for B2B SaaS.

Churn

Top 3 Reasons for Churn

1. Pricing & Competitor pressure.

2. Integration Challenges

3. For Startups: Lack of Funding or Business Closure

Analysis

1. Pricing (Voluntary reason)

- Primary reason for churn across various customer segments. Hard to prove ROI in a short period of time. Particularly impactful for small to medium-sized businesses and startups

- May become an issue during contract renewal negotiations, especially if perceived value doesn't match the cost. ROI should impact profits, not just vanity metrics.

2. Integration Challenges

- Second most significant factor contributing to churn

- Difficulties in integrating MoEngage with existing tech stacks

- Challenges in implementing custom event tracking or syncing data across platforms


3. For Startups: Lack of Funding or Business Closure (involuntary churn)

- Specific to startup clients - Often outside of MoEngage's control

- Can lead to sudden and unavoidable churn or often not paying the invoices.

Recommendations

1. Address Pricing Concerns:

- Introduce more flexible pricing tiers or usage-based models

- Offer temporary volume-based pricing for startups or businesses facing financial constraints

- Enhance value proposition to justify pricing. Customer Success Managers should continuously present case studies, business case ROI with the customer. Build internal champions.

2. Improve Integration Process:

- Strengthen integration documentation and support

- Develop more pre-built integrations with popular tools

- Offer dedicated integration specialists for complex setups


3. For Startup Clients:

- Implement an early warning system to identify at-risk accounts

- Offer special terms or paused contracts for startups facing funding issues

Resurrection Campaign

I have designed strategic resurrection campaigns to address our key churn factors and bring valuable customers back to our platform.

Scroll right

Campaign NameTarget AudienceKey OfferingExpected Outcome

Scale-Up Success Program

SMBs who churned due to pricing

Usage-based pricing model with no upfront costs

20% resurrection of churned SMB accounts within 6 months

Seamless Integration Showcase

Users who churned due to integration challenges

Enhanced integration tools with hands-on support

15% recapture of integration-challenged accounts in 3 months

Startup Relaunch Accelerator

Startups who churned due to funding issues or closure

6-month discounted program with scalable features

10% reactivation of churned startup accounts within 12 months

Campaign Details

Scale-Up Success Program

ElementDescription

Hypothesis

Flexible, value-focused pricing will entice SMBs to return

Distribution Channels

Email, LinkedIn outreach, retargeting ads

Key Features

Full platform access, usage-based pricing

Offer

3-month trial, pay for usage, dedicated success manager

Success Metrics

Resurrected accounts, revenue per account, feature adoption

Seamless Integration Showcase

ElementDescription

Hypothesis

Demonstrating easier integration will bring back churned users

Distribution Channels

Webinar series, email campaign, tech blog posts

Key Features

Enhanced integration tools, pre-built connectors

Offer

Free integration audit, 50% off for 3 months, 60 days of specialist support

Success Metrics

Webinar attendance, reactivation rate

I hope you enjoyed reading this as much as I loved writing it.


















































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