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Zerodha never spams you with emails or ads but still has a very active user base? What is the reason behind Zerodha's low or no promotional marketing strategy and why is it so effective?
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Zerodha never spams you with marketing emails, yet has the highest customer retention rate at a $3.6Bn valuation, all bootstrapped with 6.5 million active customers. 🔥
FinTech is about consistency. Your product needs to deliver its promise to your user every single time.
70% of mobile app users will abandon an app if it is taking too long to load and 53% of your site visitors will leave if your site takes longer than 3 seconds to load. 📉
Zerodha has constantly focused on optimising for miliseconds on their product performance. This provides an invaluable advantage to a trader who needs to time their stock. For the millions of trades facilitated every year by them, they offers precision every single time. This has a strong learning for folks serious about customer retention. In simple terms, STOP driving customer engagement and retention via marketing channels. ⛔
When it comes to engaging your user-base, marketing should only be used as an awareness and amplification channel. The rest has to be product-led. The above stats are focused towards the US market but it clearly signifies a typical user sentiment.
More than your marketing emails, user experience (and eventually retention) is driven by these 3 parameters:
This approach along with multiple others has helped Zerodha stay ahead of the curve and be one of the world's biggest profitable bootstrapped startup.

{{AUTHOR}}
Ishan is an award winning growth leader, known across the globe. 🚀 Over the course of his career, he has made waves, impacting over $80 million in revenue. He expertises in growth marketing and the entire customer lifecycle from acquisition, engagement, monetisation, user retention, renewals, win-back and more.