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Subscription retention can be defined as the number of subscribers keeping their subscription active. This is how you find you if your subscribers find sufficient value in the service or products you are offering. The key to a successful subscription business relies on the retention strategy you have in place. So how do you retain […]
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Benefits of a Subscription Management Software Whether you have just started your subscription business or you have been in the game a while longer, a Subscription Management Software will help streamline your operations and help you continue to grow your subscription business. So often, business owners underestimate the importance of having software that […]
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Top 5 Ways to Increase Subscriber Engagement Subscriber engagement is the ongoing, long-term interactions between a subscriber and a business beyond one-time or recurring transactions. The subscriber receives meaningful information and value to build trust and a relationship. The goal here is to increase your average subscriber lifetime because we know it can cost over four times […]
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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 SMS […]
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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 platform. “WISMOlabs […]
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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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