We invite you to weigh in:
Have you experienced this phenomenon within your customer base?
How do you run retention campaigns without disturbing dormant customers?
You launched an email campaign to prevent churn... and a huge chunk of your customers churned ๐ณ
You're confused. Your boss is pissed. What happened?
As marketing professionals, product managers, and sales specialists, it behooves us to tread lightly and think deeply about the implications of our retention strategies. It's not simply the content of the campaign that matters, but who we target ๐ค
Want to dig in more? Take a look at the study here: https://t.co/Bd4b9GUfs8
PSA ๐ฃ: we can help identify the right customers to target with AI-powered customer conversations: https://t.co/4Wypq8XvA4
Youโre probably wasting money trying to prevent customer churn
The reason? You're targeting the wrong people ๐ฏ
A recent Harvard study identified the most common customer segments that companies waste their efforts on:
4. Low-value customers ๐ธ
Not all customers are created equal. Take a look at the customerโs history with your company before targeting them for outreach, especially if youโre offering special discounts or promotions.
Low-value customers can be a drag on your outreach efforts.
Looking to secure the bag for your company?
Drive customer retention. ๐ฐย ๐ฐย ๐ฐ
Customer retention is, by far, the most important driver of profitability and value.
Your customers are thinking about leaving you.
The good news: you can predict whoโs at risk and intervene.
This infographic shows the most common predictors of churn that businesses use to identify at-risk segments.
In a recent Harvard study, researchers found that every 1% increase in retention produces nearly a 5% increase in aggregate customer LTV.
Improving retention pays off disproportionately.