Best Subscription Management and Billing Software 2023
Today, all businesses are facing difficult times and fostering customer loyalty is no more easy, still, customer loyalty is the need of the hour. But why do we talk about the loyalty of customers when the point under discussion is customer retention management? Customer loyalty and retention have cords connected
The high cost of customer churn is a significant concern for businesses. It’s been estimated that the average company loses around 20% of its customers yearly. And while some degree of customer attrition is to be expected, anything above this rate can severely impact revenue and growth. What Is Customer
Today, the situation of the SaaS market is rapidly changing. According to Statista, the SaaS market generated 152 billion USD in 2021. What about now? At present, the situations are different. According to Forbes, they say that there is a buzz across Wall Street that the US has already begun
According to a report by Statista, in 2021, the net worth of the SaaS business market was $152 billion, and it will reach a worth of $208 billion by 2023. So, the SaaS market is growing. Good! Businesses are expanding, and people are getting employment. But here, you need to
The focus on customer retention is more than it used to be ever before. Just like any other customer retention software, SubscriptionFlow is also introducing some new features that can help users implement their innovative customer retention strategies. Now, we are more focused on the customer data and the insights
Customer activation is getting customers to start using your product or service. This activation can be a trial, freemium, or even premium. It’s a vital part of the customer lifecycle, and it’s essential to get it right if you want to keep your customers streaming revenue in your business. As
Though many subscription-based companies are keeping ‘retention’ as their point of focus, the team SubscriptionFlow believes in the equal importance of ‘conversion.’ If leads do not convert, then in the end, who would be there to be retained? There are 70,000 Google searches every second. So, uncountable people cast the
With time, it has become a more and more taxing task to keep winning in the magazine and newspaper industry. Especially, today when all magazines, newspapers, and periodicals are shifting to the digital world and offering their electronic versions. So, magazines and newspapers try miscellaneous things to somehow give a
SaaS companies live and die by their customer engagement. If customers are unhappy, they will churn. If they are only mildly satisfied, they will not become advocates or evangelists for your product. To succeed, you must ensure that your customers are engaged with your product from the beginning. SaaS Customer
Marketing teams input their sweat and blood to convince customers to try your product or services. Likewise, sales teams are on their toes till they convince the customer to make a purchase. However, a retailer cannot bill customers unless they activate their subscriptions. So, these subscriptions do not add anything
As a SaaS company, one of your business’s most critical aspects is providing excellent customer service. Your customers should feel like they are your top priority, and you should always work to improve their experience with your product. One way to ensure that your customers are happy and loyal is
As per statistics, 78% of adults all over the world are using subscriptions. Also, more than 50% of the revenue of world is generated by businesses that are operating on the subscription business model. So, one thing is clear, subscriptions are going nowhere whether there is a recession or not
