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GLOSSARY

Activation rate

Activation rate is the percentage of new users who complete a defined value-moment action within a specific time window after signing up. The activation event should be the earliest action that correlates with long-term retention. Examples include creating a first project, inviting a teammate, completing a first analysis, or making a first purchase. Activation rate is the most important early funnel metric because users who do not activate almost never retain.

Definition

Define activation by your product's first value action (e.g., project created).

Benchmarks

Self‑serve tools often target 20–40% in early stages; improve with guided onboarding.

Worked example

New signups 5,000; Activated 1,350 → 27% activation.

Common pitfalls

Choosing vanity actions; not segmenting by source/device; ignoring time‑to‑activation.

How to show in your deck

Product slide: funnel from signup → activation → retention with % and time to value.

Deck snippet

Activation 27% in 24h after signup (guided onboarding).

Formulas

Activation rate
(Activated users in period) / (New users in period)

Frequently asked questions

Related terms

ChurnNorth Star metric

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Time to first transactionCohort retention