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ProfitWell Upgrade Rate

Upgrade Rate indicates the percentage of customers who upgrade to a higher tier or plan, measuring the effectiveness of pricing strategy and product value proposition.

With Databox you can track all your metrics from various data sources in one place.

Upgrade Rate 2.190,879 Start tracking this metric
  • About
  • Tech details
What is "Upgrade Rate"?
Upgrade Rate is the percentage of customers who have upgraded to a higher tier or plan within a specific time frame. This metric assesses the effectiveness of upselling and pricing strategies and can help in making data-driven decisions to optimize revenue growth and retention. A higher upgrade rate indicates that the pricing and upgrade offers are resonating with customers, leading to increased revenue and customer satisfaction.
Example: Example: Upgrade rate helps identify how many free trial users converted to paying customers after adding a new feature to the product.

Visualizations

  • Databox visualization

    Number

    Used to show a simple Metric or to draw attention to one key number.

How to track Upgrade Rate in Databox?

Databox is a business analytics software that allows you to track and visualize your most important metrics from any data source in one centralized platform.

To track Upgrade Rate using Databox, follow these steps:

  1. 1
    Connect ProfitWell that contains the metric you want to track
  2. 2
    Select the metric you want to track from the list of available metrics
  3. 3
    Drag and drop the selected metric onto your dashboard
  4. 4
    Watch your dashboard populate in seconds
  5. 5
    Put Upgrade Rate on the Performance screen
  6. 6
    Get Upgrade Rate performance daily with Scorecards or as a weekly digest
  7. 7
    Set Goals to track and improve performance of Upgrade Rate
Goals

Set Goals to track and improve your performance
Scorecards

Get your daily progress every morning with Scorecards
Metric Digest

Receive detailed weekly performance updates
Metric Builder

Built your own custom metrics with Metric Builder
Data Calculations

Set Goals to track and improve your performance
Performance Screen

Get instant insights into your top-performing metrics
ProfitWell integration with Databox Track Upgrade Rate from ProfitWell in Databox GET STARTED

Basics

  • Description
    Upgrade Rate indicates the percentage of customers who upgrade to a higher tier or plan, measuring the effectiveness of pricing strategy and product value proposition.
  • Category
    SaaS
  • Subcategory
    Subscriptions
  • Default Format
    Percentage
  • Cumulative Support
    No
  • Units
    No
  • Granularities
    monthly
  • Favorable Trend
    increasing
  • Historical Data
    Yes
  • Changing historical data
    No
  • Forecast Support
    Yes
  • Benchmark Support
    Yes
  • Media Support
    No
  • Dimension
    N/A
  • Metric Type
    general Learn more
  • API Endpoint
    https://api.profitwell.com/v2/metrics/{period}

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