Reduce Subscriber Churn with Choice in Retention Offers
New
We're thrilled to announce the latest addition to our retention toolkit. Now, instead of taking a one-size-fits-all approach, you have the flexibility to give multiple retention offers that best suit your customer needs. This makes your subscribers feel empowered, improving the probability of retention!
Benefits of giving choice in offers
- Increased engagement with a wider assortment of offers: Offering a variety of options ensures that there's something for everyone. This increases the likelihood that at least one of the offers will resonate with each customer.
- Understand Customer Preferences: By observing which offers customers choose, you gain valuable insights into whether they prefer discounts over gifts. This data allows you to tailor future retention offers to specific customer segments, increasing their effectiveness and maximizing customer satisfaction.
- Improved Customer Loyalty: When customers feel that their individual needs are being considered, they are more likely to feel valued and appreciated.
How to setup?
- In Loop admin, go to Customer portal > Cancellation flows > Offers and enable the new preference "Allow customers to chose between available offers".
- Add short descriptions to your offers (mandatory) and decide their priority.
- That's it! Now your customers can choose among the top 3 offers available to them!
For any queries or additional information, please reach out to our support at support@loopwork.co or your dedicated success manager today!