Setup trial-to-paid conversion rate and lead tracking – Help Center

ChartMogul enables you to track your trial-to-paid conversion rate as well as other metrics related to leads before they've converted into paying customers.

Terminology

Before we jump in, let us establish the terminology surrounding this feature.

Lead	Any non-paying business or consumer who might become a customer in the future. Includes free trials and those who have made only non-recurring payments.
Trial	A free trial account of your product or service. A trial is a type of lead.

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A lead can start life with a trial, or without but can start a trial later prior to becoming a customer. A lead can also just move directly to being a customer without having a trial. Read more about ChartMogul's Customer statuses.

Why setup lead and trial tracking in ChartMogul?

If you setup lead and (optionally) free-trial tracking in ChartMogul these are the graphs and metrics that become available.

Leads	The number of new leads created over time.
Free trials	The number of new free trials started over time.
Trial-to-paid conversion rate	The percentage of free trials that have converted to active paying customers over time.
Average sales cycle length	The average number of days taken to convert a lead into an active paying customer.

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You will activate these four charts once you've configured lead and trial tracking.

You can also use ChartMogul's segmentation features to slice your lead and trial graphs by channel or any other attribute you can think of. This means you can use ChartMogul as a powerful marketing analytics tool.

What if my business doesn't offer a free trial?

If you don't offer a free trial then you can just set the lead_created_at field and leave the free_trial_started_at field empty. This will enable the Leads and Average sales cycle length charts so it's well worth setting up.

Getting started

If you are using Stripe, Braintree, Recurly or Chargify to manage your subscription trials, then no setup is required for tracking Free trials and Trial-to-paid conversion rate. ChartMogul will automatically import the necessary data to track these for you.

As Braintree doesn't have a "lead created at" field we take the first billing date, subtract the trial interval and then do the time conversion from Zulu time in Braintree to whatever timezone is set in CM.

For Stripe customers, it is possible to create a subscription with a trial period without the need of adding the customer’s billing details. You can learn more about this by reading the Stripe Docs here.

If you don't use the above systems for managing free trials, or need lead tracking by integrating with a CRM, then setting up lead and trial tracking in ChartMogul requires a bit of development work with our API. Please read this tutorial in the developer hub for next steps.

Developer tutorial: Tracking leads and free trials.

You can now also add lead and trial data manually from a spreadsheet via our Google Sheets app.