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Customer was
overpromised by
sales team
Customer
onboarding was not
done well
Customer is not
realizing value
Customer needs
more support in
using the product
Customer is getting a
lot of attention from
competitors
Customer goes out
of business
A new stakeholder
has a different
product preference
Customer needs custom
features that are not in the
product roadmap
An unreasonable customer
Setting realistic
expectations in the
sales process
Understanding the entire
customer journey with
your product
Being proactive &
monitoring customer
behavior as they interact
with your product
NPS
Identify passives &
detractors
A Positive Force
Negative Churn: Expansion in revenue from your existing
customer base to counteract loss of
revenue from churn
There will be
some attrition from
early-type
customers
Medium & enterprise customers
$MORE REVENUE
NEGATIVE CHURN!
Tracking both logo
churn & revenue
churn is important
Tracking churn critical to overall success
Need to calculate it correctly, track it correctly over the same time
periods & benchmark against parallel sources
Avoid over-committing to customers, track customer journeys
Negative churn –
The ultimate tool for positive growth
Reducing Customer Churn Through Effective Onboarding and Support

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Reducing Customer Churn Through Effective Onboarding and Support

  • 1.
  • 2. Customer was overpromised by sales team Customer onboarding was not done well Customer is not realizing value Customer needs more support in using the product Customer is getting a lot of attention from competitors
  • 3. Customer goes out of business A new stakeholder has a different product preference Customer needs custom features that are not in the product roadmap An unreasonable customer
  • 4. Setting realistic expectations in the sales process Understanding the entire customer journey with your product Being proactive & monitoring customer behavior as they interact with your product NPS Identify passives & detractors
  • 5. A Positive Force Negative Churn: Expansion in revenue from your existing customer base to counteract loss of revenue from churn There will be some attrition from early-type customers Medium & enterprise customers $MORE REVENUE NEGATIVE CHURN! Tracking both logo churn & revenue churn is important
  • 6. Tracking churn critical to overall success Need to calculate it correctly, track it correctly over the same time periods & benchmark against parallel sources Avoid over-committing to customers, track customer journeys Negative churn – The ultimate tool for positive growth