Retain's Cancellation Flows can help you save more customers via dynamic salvage attempts, as well as provide robust cancellation insights. We’ll gather insights around why they’re cancelling, as well as what they found valuable about your service, to ensure everyone gets a custom curated off-boarding and salvage experience.
- Click here to see instructions on how to install this in your web app.
- Duplicate this template here to configure your survey/salvage attempt/salvage offer preferences.
Setting up Cancellation Flows for Stripe? Use this template instead
How does it work?
When customers click on the "cancel" button in your web-app, we start by asking them to provide a cancellation reason and a satisfaction insight:
Not only are we asking your customers why they’re leaving, but we’re also asking them what they liked about your product/service. By honing in on the psychological phenomenon of the nostalgia effect, we are teeing up each customer to be more willing to stick around and accept a salvage attempt - "Since you liked our support so much, how about a 1:1 account review to make sure you're getting the most value out of our platform?"
Plus, you'll get more dynamic insights that will help you better determine which salvage attempts are more effective than others for your customers.
Based on your customers' responses to the survey, we can curate their experience by directing them to one of three salvage attempts:
- Pause subscription
- This is especially effective if your business is more seasonal - where while your customers may not be getting value right now, they plan on coming back in a few months.
- Switch plan
- This is especially effective if you have a lower cost plan that customers can switchover to and still get some value at a more affordable price. This is also a great option if you have a maintenance plan where customers don't have feature access but can save their data/preferences with you at a low cost.
- Contact support
- This is especially effective if customers express that they like your support but don't seem to be getting value/don't know how to fully leverage your features. We want to help set your support team for success, and so we'll also provide them with all the context they need (i.e., survey responses) before they talk to your customers.
- There are two ways your customers can contact support - we can let customers book meetings with your support team via Calendly, or we can email your support team/create a ticket whenever a customer wants to chat.
If your customers do not accept the initial salvage attempt they were given, you can offer a final discount salvage offer.