Be needed!
B2B media companies are increasingly focused on becoming essential business partners to their clients. As Econsultancy’s Ruth Mortimer tells Meg Carter, it’s all about being a need-to-have rather than a might-like.
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.
B2B media companies are increasingly focused on becoming essential business partners to their clients. As Econsultancy’s Ruth Mortimer tells Meg Carter, it’s all about being a need-to-have rather than a might-like.
Euromoney Institutional Investor PLC, the international business information and events group, on Friday issued a trading update for the period from 1 April to 19 July 2018.
June figures from the Audit Bureau of Circulation (ABC) reveal dmg media’s Daily Mail and The Mail on Sunday newspapers both continue to grow market share of UK retail sales, outperforming competitors, says dmg.
James Evelegh's editorial from this week's edition of InPubWeekly.
PageSuite, a digital, mobile and tablet publishing company, has announced a partnership with MPP Global, a subscription and billing platform provider.
News UK announced on Friday a major subscription milestone with The Times and The Sunday Times reaching 500,000 subscribers at the end of June 2018.
With the long slow demise of the ad-funded model, more publishers are exploring the potential for reader revenues. Peter Houston, author of the InPublishing Guide to Paid Content Strategies, explains why the time is right.
InPublishing has just published ‘The InPublishing Guide to Paid Content Strategies’, the first in a new series of top-level strategic guides looking at key areas of publishing strategy.
June sees the launch of The Sun’s latest addition to its Sun Savers loyalty platform, the Sun Savers Raffle game.
The Telegraph on Friday announced its editorial line-up, initiatives and plans for the World Cup, which begins this week in Russia.
James Evelegh's editorial from this week's edition of InPubWeekly.
As distribution becomes “dynamic” and circulation departments morph into audience teams, there is a real change in how publishers are managing the channels to the end-user, reports Jim Bilton.
When looking for new inspiration for your own digital transformation journey, it pays to cast the net as wide as possible, looking outside your own industry and beyond your own borders. Carolyn Morgan moderated a number of sessions at the Digital Inn
Jim Foster’s publishing world…
There’s a revolution going on in publishing, writes Peter Houston: we’re making readers pay for content again.