How to manage churn and steer it in a more positive direction using cohort analysis and segmentation. Learn to identify which customer segments are churning out the most, and where in the customer lifecycle you're losing them.
Your hosts discuss how to manage churn and steer it in a more positive direction using cohort analysis and segmentation. This is a reliable way to identify which customer segments are churning out the most, and where in the customer lifecycle you're losing them.
Timestamps
02:40 Churn As A By-product (The Standard Approach)
04:50 Cohort-Based Churn Analysis
08:38 Cohort-Based Churn Trends
10:31 Upfront Churn: An Opportunity
13:28 Patterns In Churn Segments
18:02 Flying Blind With Aggregate Churn
27:16 Managing Churn: Summary
References
Rahul Vohra On Segments (churn.fm)
Rahul Vohra, CEO of Superhuman, talks about how churn segments would be his go-to resource if he had 90 days reduce churn (navigate to 32.37)
Revenue Retention Charts
This is an example of the revenue retention chart that you'd see in a typical SaaS analytics tool. (Pictured: ConvertKit's data in Baremetrics from Open Startups)
The chart tells you how much revenue from each monthly cohort has been retained over time. However, it's not an effective churn management tool because it doesn't tell you how different segments within each cohort are churning out. And you can't focus in on a particular month's churn trend.