OKR template to significantly increase application's monthly revenue

public-lib · Published 4 months ago

Your OKR template

The overarching goal as delineated in this OKR is to significantly boost the application's monthly income. The first objective propels subscription enhancements through the introduction of three new premium features. This is expected to boost the subscription numbers, hence pushing up revenue. The proposed initiatives include researching popular features on similar platforms, developing these features into the app, and effectively marketing them.

The second objective seeks to expand the user base by 30%. This objective has recognized marketing and a referral initiative as key drivers in achieving this goal. A targeted social media campaign specific to the app's audience, an enticing refer-a-friend program, and a robust email marketing strategy with personalized content are the fore fronted initiatives to bring this objective to fruition.

The third objective emphasizes improving the user retention rate by 20%. The driving force behind the achievement of this objective lies in the application's enhancements driven by user feedback. The initiatives to undertake include gathering user feedback via various platforms, analyzing this feedback to get insights and subsequently implementing the necessary enhancements.

In a nutshell, the OKRs focus on increasing the app's revenue by expanding the user base, encouraging premium subscriptions, and maximizing user satisfaction for retention targets. This will be achieved through critical marketing efforts, user engagement, application enhancements, and introduction of new enticing features.

ObjectiveSignificantly increase application's monthly revenue
KRImplement three new premium features to encourage subscription upgrades
Incorporate effective marketing strategies to promote new features
Develop new premium features based on the research findings
Research popular premium features in similar subscription-based platforms
KRBoost user base by 30% through marketing and referral initiatives
Launch a refer-a-friend program with enticing incentives
Develop a comprehensive, target audience-specific social media campaign
Conduct extensive email marketing with personalized content
KRImprove user retention rate by 20% with user feedback and app enhancements
Implement app enhancements based on identified areas
Gather user feedback via surveys, reviews, and direct communication
Analyze feedback to identify areas for app improvement

Use in Tability

How to edit and track OKRs with Tability

You'll probably want to edit the examples in this post, and Tability is the perfect tool for it.

Tability is an AI-powered platform that helps teams set better goals, monitor execution, and get help to achieve their objectives faster.

With Tability you can:

Use AI to draft a complete set of OKRs in seconds
Connect your OKRs and team goals to your project
Automate reporting with integrations and built-in dashboard

Instead of having to copy the content of the OKR examples in a doc or spreadsheet, you can use Tability’s magic importer to start using any of the examples in this page.

The import process can be done in seconds, allowing you to edit OKRs directly in a platform that knows how to manage and track goals.

Step 1. Sign up for a free Tability account

Go tohttps://tability.app/signup and create your account (it's free!)

Step 2. Create a plan

Follow the steps after your onboarding to create your first plan, you should get to a page that looks like the picture below.

Step 3. Use the magic importer

Click on Use magic import to open up the Magic Import modal.

Now, go back to the OKR examples, and click on Copy on the example that you’d like to use.

Paste the content in the text import section. Don’t worry about the formatting, Tability’s AI will be able to parse it!

Now, just click on Import from text and let the magic happen.

Once your example is in the plan editor, you will be able to:

Edit the objectives, key results, and tasks
Click on the target 0 → 100% to set better target
Use the tips and the AI to refine your goals

Step 4. Publish your plan

Once you’re done editing, you can publish your plan to switch to the goal-tracking mode.

From there you will have access to all the features that will help you and your team save hours with OKR reporting.

10+ built-in dashboards to visualise progress on your goals
Weekly reminders, data connectors, and smart notifications
9 views to map OKRs to strategic projects
Strategy map to align teams at scale