Best Practice in Publishing – Takeaways – Part 2
James Evelegh picks out takeaways from the second tranche of Best Practice in Publishing articles.
Every subscriber who leaves has to be replaced before a subscription business can grow, which makes retention the quieter half of reader revenue and often the more profitable one. The first renewal is the real test of whether acquisition brought in the right people.
Retention starts with habit. The publishers that keep subscribers longest engage them well beyond the welcome emails, and renew on the strength of the brand rather than another discount. A surprising share of churn isn't a decision at all. Expired cards and failed payments quietly lose revenue that can often be recovered.
Some brands are losing subscribers and hard-fought revenue that could be saved with some attention and effort.
Tracy Larner Our subs retention strategy: William Reed
When someone does want to leave, how it is handled matters. Understand why before offering anything, and make the exit easy, because subscribers treated well on the way out are far more likely to come back.
Below you'll find some of our best feature articles on subscriber retention and churn, from engagement and renewal pricing to payment failure and cancellation, alongside our latest news and industry commentary.
Does your CEO know what your subscriber retention rate is? The chances are, probably not. But, according to Julian Thorne, author of our Guide to Retention Strategies for Publishers, this number should never be far from his or her (or your) mind.
A subscriber’s first 30 days are important to build habit but so is every day after, says Emma Robinson, head of customer experience.
You cannot improve a process until you have documented it, and you cannot achieve an objective until you have a process and system to support it, says Rosa Sherwood, head of CRM, engagement and loyalty.
It’s a well-known fact that engaged subscribers stay for longer, says Susanne Kinnaird, head of digital reader revenue.
It’s important not to lose subscribers and hard-fought revenue through involuntary churn, says Tracy Larner, subscriptions director.
It’s important to understand the reason for cancellation and to ensure the retention offer directly addresses the subscriber’s stated concern, says Mike Halstead, managing director of HH&S.
What determines pricing power is not only the category of need, says Andy Burden, founder of Substribe, it’s the stakes.
Making it super-hard to cancel a subscription does no one any favours.
James Evelegh picks out takeaways from the second tranche of Best Practice in Publishing articles.
Reach celebrates milestone of 50,000 paid subscribers.
The timeline for the implementation of the subscriptions regime has been suddenly shortened in the Government's ‘Everyday Fixes’ package.
Claire Ruzicka, head of customer experience at Air Business Subscriptions, tells us what best practice looks like in the world of customer service.
Ewan Sinclair, senior sales director at Adestra, tells us what best practice looks like in the world of email marketing.
Neil Carter, sales & commercial director at Posthub, tells us what best practice looks like in the world of mailing.
Thomas Darling, finance & payment product manager at CDS Global, tells us what best practice looks like in the world of payment processing.
John Sheehy, executive director, product & market strategy at AdvantageCS, tells us what best practice looks like in the world of paywalls.
Louise McHale, managing director of ESco, tells us what best practice looks like in the world of subscriber management.
Mike Halstead, managing director of HH&S, tells us what best practice looks like in the world of subscriber marketing.
The NUJ Reach Group chapel last week passed a motion calling for the Reach plc board to stop mass redundancies across the company.
Investment Week last week introduced a new paid membership tier for readers outside free-access criteria.
The Economist’s audio and video journalism now available as a new subscription tier in Canada, Denmark, Norway and Sweden.
Air Business will be providing integrated subscription, customer experience and distribution services to What on Earth! Magazine.
Axel Springer is closing its acquisition of Telegraph Media Group today.