There are few metrics more critical than retention for a platform business. If you’re acquiring customers for $25, but they stop using your API after a month, then you have a leaky boat. Don’t spend more money on developer acquisition until retention is fixed. This requires accurate measurement of API retention.
If you came from a web or mobile product background, you may already be familiar with mobile retention to measure how many acquired users keep using a mobile app. Growing a B2B platform requires tracking similar KPIs to measure the success of your acquisition and product strategies. This article will dig into the best practices for tracking and increasing API retention.