Early warning signals in churn
To reduce churn, businesses must be able to identify early warning signs that indicate a customer may be at risk of leaving. These signs often appear long before a customer cancels a subscription or stops using the service, so recognizing them early allows businesses to take proactive steps to retain customers.
Common early warning signs include:
- Decreased usage: When a customer begins using the product or service less frequently.
- Unresolved support tickets: Customers who have ongoing issues without resolution are more likely to leave.
- Negative feedback: Low ratings, poor reviews, or dissatisfaction expressed through surveys.
- Declining engagement: Reduced interaction with emails, promotions, or other communication channels.