Sub Club by RevenueCat · 2024-10-30
Building Trust with Users to Drive Revenue and Retention – Ryan Beck, Pray.com
Pray.com co-founder and CTO Ryan Beck on pivoting from a private social network for faith organizations (strong retention, slow in-person onboarding) to subscription content built on daily prayers and faith versions of Calm-style content; server-side paywall tests; dropping phone-number signup; losing a Meta ad that carried most spend; cross-industry creative testing; TV and radio for older users with media mix modeling; answering every piece of feedback; one shared roadmap; and subscriptions plus ads plus one-time purchases.
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Numbers mentioned
| Who | Metric | Value | Context | When |
|---|---|---|---|---|
| Pray.com | share | 80% approximate | Target penetration when onboarding a faith organization's members onto the social network; usually needed more than one visit | 2:35 |
| Pray.com | retention | Facebook-level retention estimate | Private social network era | 2:08 |
| Pray.com | gmv | in the millions approximate | Donation volume facilitated for faith organizations before Pray.com monetized itself | 12:18 |
| Pray.com | ad spend | tens of thousands of dollars a day approximate | Meta spend, mostly behind one creative, before it was taken down | 21:09 |
| benchmarkMaximum share of paid social spend to put behind a single creative | share | 30% illustrative | From the guest's portfolio analogy (no more than ~30% in one stock like Nvidia) | 22:20 |
| Pray.com | share | 50% approximate | Share of TV/radio spend spread widely across channels and time slots for consistency; the rest goes on big prime-time bets | 36:06 |