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Did you know that 10-15% of all recurring payments fail? What’s worse, studies show up to 50% can be lost due to involuntary churn, or subscriber retention. In effect, companies will notice the lost revenue, wasted staff time, and decreased subscriber retention. When a business works hard for each subscriber, why lose even one due to a failed […]
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There are many different ways you can communicate with your subscribers; A combination of phone calls, e-mails, and text messages can be useful but the statistics from text messages don’t lie. This is one of the quickest, most effective ways to communicate. 89% of consumers would like businesses to communicate with them through […]
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Cashi and WISMOlabs Partner to Help Subscription Businesses Increase Customer Loyalty and Drive More Revenue Now customers can preserve and protect cash flow with Cashi’s intelligent payment processing and WISMOlabs post-purchasing experience. Cashi, the intelligent payment processing system for subscription businesses has entered into a partnership with WISMOlabs, the leading post purchasing customer experience […]
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A thriving subscription box company means constantly acquiring more customers, right? Not so fast. While attaining new subscribers is great for your bottom line, the key to sustained and increased revenue lies in keeping your existing subscribers on board. We’ve crunched the numbers. Acquiring a new subscriber can cost four times more than retaining an […]
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