The New York Times
Mitigate customer churn
The Challenge
• Declining revenues due, in part, to a high rate of subscription cancellations.
• Tens of thousands of subscribers labeled as “defectors” with no understanding of why customers were canceling.
The Approach
• Determined the root cause of why customers were actually terminating their subscriptions.
The Results
• Facilitated changes to the IT system and training for telephone reps.
• Within 18 months, the retention rate of desirable customers increased 400% (from 6% to an unprecedented retrieval rate of 25%).
• Subscribers who cancel are now classified as “marketing targets” rather than “defectors.”
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