Friday, June 12, 2015
Reduce Customer Churn To Drive Revenues & Excite InvestorsPosted By: George Deeb - 6/12/2015
Customer churn is one of the most important metrics a startup can measure and reduce over time. Churn is basically the percentage of customers that stop shopping with you in a given period, typically calculated for businesses with recurring monthly revenue streams. The higher your churn, the poorer job you are doing at retaining your customers. And, worse yet, instead of getting lower-cost marketing efficiencies from retention marketing to current customers, you are back fishing again in expensive pools of fish for new customer acquisition.
Read the rest of this post in Forbes, which I guest authored this week.
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