Renewing & maximising lifetime value
The third part of our subs special, looking at renewing and maximising lifetime value.
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.
The third part of our subs special, looking at renewing and maximising lifetime value.
The second part of our subs special, looking at onboarding and delivering subscriber satisfaction.
The first part of our subs special, looking at prospecting and conversion.
The pandemic has given a big boost to subscriptions, but, even if you don’t charge for your content, it still pays to find out more about who is visiting your site.
It’s easy to miss the growth and business opportunities. IC Publications has been publishing for the African market for over sixty years. Meg Carter meets MD Omar Ben Yedder.
Are reports of the death of the local press greatly exaggerated? Yes, if Archant’s Matt Kelly has his way, writes Meg Carter.
There’s a fine art to New Scientist’s successful approach to subscriptions, writes Meg Carter.
This once-in-a-lifetime pandemic has put incredible pressure on the publishing sector. What will the regional press look like when it’s all over? With the help of some leading industry figures, Peter Sands indulges in some crystal ball gazing.
The mindset for most successful businesses is to carry on doing what they’re doing. After all, why change a successful formula? Chemical Watch thought otherwise and in 2017 embarked on a period of business transformation.
The Guardian yesterday launched a new marketing effort in Berlin and Dublin for its international news magazine, Guardian Weekly.
If there’s been one silver lining for publishers in this pandemic period, it’s been the growth in subscriptions. We grab five minutes with Alan Weaver to discuss the changing face of subs marketing.
Your job as a business information publisher is to ensure your subscriber gets excellent value from your content. Help with this and your subscriber will be eager to renew, writes Content Catalyst’s director of marketing, Edwin Bailey.
Vogue Singapore launched this week, with its first print issue, digital platforms and a 360º digital experience, marking the 27th edition of Vogue globally.
Informa has announced its financial results for the six-months ended 30 June 2020, alongside an update on its ongoing actions to ensure stability and security through 2021, amid continuing COVID-19 disruption.
It’s no longer enough to create compelling content. Our audiences increasingly want to feel part of specialist communities made up of like-minded people, writes Zapnito CEO Charles Thiede.