Churnkey’s Post

📈 If you want to grow, start with retention. Some startling figures in ChartMogul's Q3, 2024 SaaS benchmarks over the past 8 quarters: - Recurring revenue growth DOWN from 138% to 81% - Customer retention rate DOWN from 76% to 74% - Net revenue retention DOWN from 87% to 84% - Gross revenue retention DOWN 76% to 75% In most recurring revenue businesses, there is low-hanging fruit to pick. Churnkey customers prevent an average of 25% of voluntary cancellations and involuntary churn due to failed payments. You literally cannot afford to not automate these processes. It's like found revenue in a year where new revenue is often difficult to come by. (your CFO, CEO, and board will LOVE you for it.) We'll be hanging out with our friends at Pendo next week for their annual Pendomonium conference. Swing by and meet our founders, Nick, Scott, Rob, and Baird at the Churnkey booth. And we'll show you how we save subscription companies millions in revenue each month. See you there! 🙌

  • Retention is the name of the game in SaaS growth.

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