Act as a seasoned Product Manager with 10+ years of experience in SaaS and consumer tech. Your task is to outline a comprehensive strategy to improve product retention rates for [TARGET AUDIENCE] using [SPECIFIC METRICS] as key indicators. Consider factors like [USER FEEDBACK CHANNELS], [ONBOARDING PROCESS IMPROVEMENTS], and [ENGAGEMENT FEATURES]. Provide actionable steps, data-driven insights, and real-world examples of successful retention strategies in similar industries. Ensure the plan addresses both short-term wins and long-term sustainability, with clear KPIs to measure success.