This week, Greg Daines, CEO of ChurnRX joins Jay and Jeff to talk about churn benchmarks. Some key highlights:
- no statistical alignment between whether satisfied customers stay (CSAT)
inertia is real - make sure you aren't giving your customers a reason to leavestory telling the history of your relationship is a good thingmeasurable results is one of the largest factors in longer retentionmake sure your customers are measuring resultsbridge the gap here, especially if results measuring is difficultfocus on helping your customers utilize your product effectivelyAsk good questions as you set up measurement goalsWhat benchmarks are you seeing as vital towards predicting potential churn?
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