Our featured author today is TJ Waldorf, Director of Inside Sales at SingleHop. He joins us for the latest installment of the Inside Sales Practioner Series.
For anyone who works in a subscription-based business, where customers pay on a month-to-month basis and can cancel at any time, you know how critical customer retention is.
Through experience, I’ve learned that the ability to regain a customer once they’ve already decided to cancel is extremely difficult. You can throw incentives at them, beg and plead for them to stay, but they’ve likely already moved on.
Here are 3 ways to make sure you minimize the dreaded “I'm canceling” notice:
Get everyone involved
Your customers interact with many areas of your business (sales, support, billing, marketing, etc.) What I’ve found is that many times, your front line staff aren't always attuned to the signs of customer dissatisfaction.
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