Reduce Customer Churn
Posted: Sun Feb 02, 2025 3:32 am
Shopify, a leader in eCommerce software, partners with agencies, apps, themes, consultants, and tech companies. This makes it easier for businesses to get maximum results from Shopify, and rewards partners with up to 20% of recurring commission and referral bonuses.
Customer-Acquisition-Strategies-to-Close-More-Deals-Build-Partnerships-like-Shopify
Source: Shopify
And the invoicing and accounting software Freshbooks has an affiliate program that pays its affiliates up to $10 per free trial and up to $200 for each new paying customer.
Online creators, existing customers, freelance accountants, and business consultants are ideal for this opportunity, which makes this a marketing channel and a customer acquisition strategy that never stops expanding.
Customer-Acquisition-Strategies-to-Close-More-Deals-Build-Partnerships-like-Freshbooks
Source: Freshbooks
How to Improve Your Customer Acquisition Process (and Lower CAC)
Customer acquisition is just one piece of the success puzzle. Here are a few more elements and strategies you can (and should) pair it with.
A while ago, Harvard Business Review reported that bosnia and herzegovina telegram data it’s up to 25 times more expensive to acquire a new customer than to retain an existing one.
The exact number may have changed, and it certainly varies for different industries, markets, and pricing models, but churn is expensive and can downright ruin your business. So, no matter how many first-time customers you acquire each month or quarter, making them repeat customers is what makes your business viable.
How can you minimize your churn rate—and maximize your customer retention? Here are a few strategies to try:
Quiz churning customers before they hit the cancel button. Learn whether it’s because of the price, cost-cutting, struggle to make the most out of the product, unclear value, a confusing UX, or something else—there are fixes for many of these.
Refine your buyer personas and marketing messaging. Meet with your marketing team to align the demographics, roles, revenue brackets, and use cases you’re targeting with marketing and sales efforts. This will ensure you’re attracting great-fit leads.
Customer-Acquisition-Strategies-to-Close-More-Deals-Build-Partnerships-like-Shopify
Source: Shopify
And the invoicing and accounting software Freshbooks has an affiliate program that pays its affiliates up to $10 per free trial and up to $200 for each new paying customer.
Online creators, existing customers, freelance accountants, and business consultants are ideal for this opportunity, which makes this a marketing channel and a customer acquisition strategy that never stops expanding.
Customer-Acquisition-Strategies-to-Close-More-Deals-Build-Partnerships-like-Freshbooks
Source: Freshbooks
How to Improve Your Customer Acquisition Process (and Lower CAC)
Customer acquisition is just one piece of the success puzzle. Here are a few more elements and strategies you can (and should) pair it with.
A while ago, Harvard Business Review reported that bosnia and herzegovina telegram data it’s up to 25 times more expensive to acquire a new customer than to retain an existing one.
The exact number may have changed, and it certainly varies for different industries, markets, and pricing models, but churn is expensive and can downright ruin your business. So, no matter how many first-time customers you acquire each month or quarter, making them repeat customers is what makes your business viable.
How can you minimize your churn rate—and maximize your customer retention? Here are a few strategies to try:
Quiz churning customers before they hit the cancel button. Learn whether it’s because of the price, cost-cutting, struggle to make the most out of the product, unclear value, a confusing UX, or something else—there are fixes for many of these.
Refine your buyer personas and marketing messaging. Meet with your marketing team to align the demographics, roles, revenue brackets, and use cases you’re targeting with marketing and sales efforts. This will ensure you’re attracting great-fit leads.